The report on the global Artificial intelligence in healthcare market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
According to the report, “Artificial Intelligence in Healthcare Market, by Offering (Hardware, Software, Service), Technology (Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing), Application (Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis), End User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022”, the market for artificial intelligence in healthcare is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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In simple terms, artificial intelligence (AI) is the intelligence showcased by machines. It is an effort by science and technology to mimic the functioning of human brain such as logical, analytical, and decision-making capabilities and use them in developing computer systems that are then able to perform normal tasks without human interference.
AI is applicable in various fields such as computer science, biology, mathematics, linguistics, engineering and psychology.
This report studies the current and future aspects of artificial intelligence in healthcare market.
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KEY PREMIUM INDUSTRY INSIGHTS
- Some major factors that are driving the growth of the artificial intelligence in healthcare market include, rise in need for coordination between healthcare practitioners and patients, rise in adoption of precision medicine, increasing need for improved patient outcomes, and use of big data in healthcare sector.
- A significant rise in venture capital investments is promoting the market growth and creating newer growth opportunities for the market. Due to advancements in technology, the market is estimated to grow at a moderate pace globally during the forecasted period.
- However, lack of regulations and guidelines among healthcare professionals is hampering the market growth.
The artificial intelligence in healthcare market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The North America region holds the highest market share and is the largest revenue contributor of the artificial intelligence in healthcare market.
The region continues to dominate the global market due to rise in awareness and technological advancements of AI in healthcare industries. Next in line is the Asia-Pacific region which is showcasing a high growth potential due to rise in accessibility and availability of AI systems in healthcare and research.
Due to rise in population in countries like China and India and improved coordination between patients and practitioners along with better healthcare facilities, the AI in healthcare market is bound to grow at a fast pace in the Asia-Pacific market during the forecasted period.
KEY MARKET PLAYERS
Key players in the artificial intelligence in healthcare market include:
- Welltok, inc.
- Intel corporation
- Nvidia corporation
- Google inc.
- Ibm corporation
- Microsoft corporation
- General vision, inc.
- Enlitic, inc.
- Next it corporation
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