The Global Artificial Intelligence In Healthcare Market is projected to grow at a CAGR of 45.5% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 6.48 Billion in 2021 and is expected to reach USD 201.3 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=6670
Browse in-depth TOC on “Artificial Intelligence In Healthcare Market“
202 – Pages
126 – Tables
37 – Figures
Global Artificial Intelligence in Healthcare Market Driven by Increasing Volume of Healthcare Data and Strategic Collaborations
The global market for artificial intelligence (AI) in healthcare is experiencing significant growth, fueled by various factors. A recent market research study has analyzed and identified the key drivers and challenges influencing the growth of the Global Artificial Intelligence in Healthcare Market. The study provides valuable insights into the industry’s landscape and offers a comprehensive understanding of the market dynamics.
Market Growth Drivers:
- Increasing Volume of Healthcare Data and Complex Datasets: The exponential growth in healthcare data, accompanied by the complexities of datasets, is driving the integration of AI solutions. The demand for AI technologies in healthcare is rising to effectively manage and utilize these vast amounts of data.
- Cost Reduction Imperative: The pressing need to reduce towering healthcare costs is acting as a driving force for the adoption of AI in the industry. By harnessing AI capabilities, healthcare providers can optimize processes, enhance efficiency, and effectively reduce expenses.
- Improving Computing Power and Declining Hardware Costs: Advances in computing power and the declining costs of hardware are contributing to the growth of AI in healthcare. These advancements enable the development and deployment of sophisticated AI algorithms and systems, empowering healthcare professionals with more powerful tools.
- Cross-Industry Partnerships and Collaborations: The increasing number of partnerships and collaborations across different industries is fueling the adoption of AI in healthcare. These strategic alliances facilitate knowledge sharing, resource pooling, and accelerated innovation in AI applications for healthcare.
- Imbalance Between Health Workforce and Patients: The growing discrepancy between the number of healthcare professionals and patients is creating a demand for improved healthcare services. AI-based solutions have the potential to bridge this gap by enhancing patient care, enabling more accurate diagnosis, and improving treatment outcomes.
- Adoption by Pharmaceutical and Biotechnology Companies: The widespread adoption of AI technology by pharmaceutical and biotechnology companies worldwide has significantly contributed to the market’s growth. These companies leverage AI to expedite vaccine and drug development processes, particularly in response to the COVID-19 pandemic.
Challenges:
- Limited Acceptance from Healthcare Professionals: The reluctance of healthcare professionals to embrace AI-based technologies, due to concerns over potential risks such as injury and misinterpretation, poses a challenge to the growth of the Global Artificial Intelligence in Healthcare Market.
- Imprecise Regulatory Scenario: The absence of a well-defined regulatory framework for AI in healthcare creates uncertainty and impedes market growth. Clear guidelines and standards are crucial to fostering the widespread adoption of AI technologies in the healthcare sector.
Key Players and Market Outlook:
Prominent players in the Global Artificial Intelligence in Healthcare Market include Nvidia, Intel, IBM, Google, General Electric (GE) Company, Microsoft Corporation, Siemens Healthineers, Medtronic, Micron Technology, and Amazon Web Services. These companies are continuously striving to improve their market positions through financial statements, product benchmarking, SWOT analysis, and key development strategies.
The market research report provides a comprehensive analysis of these key players, along with their market presence, product offerings, and competitive strategies. It also highlights the financial statements, product benchmarking, and SWOT analysis of these companies, giving stakeholders a deeper understanding of their market standing.
The Global Artificial Intelligence in Healthcare Market is expected to continue its upward trajectory, driven by the increasing demand for advanced healthcare solutions. North America, home to major multinational corporations such as IBM, Microsoft, Google, NVIDIA, Intel, GE Healthcare, and Johnson & Johnson, remains a key region in the AI in healthcare market.
For further information, detailed market insights, and a comprehensive analysis of the Global Artificial Intelligence in Healthcare Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Artificial Intelligence In Healthcare Market into Offering, Algorithm, Application, End-Use Industry, And Geography.
- Artificial Intelligence In Healthcare Market, by Offering
- Hardware
- Software
- Services
- Artificial Intelligence In Healthcare Market, by Algorithm
- Deep Learning
- Querying Method
- Natural Language Processing
- Context-Aware Processing
- Artificial Intelligence In Healthcare Market, by Application
- Robot-assisted Surgery
- Virtual Nursing Assistant
- Administrative Workflow Assistance
- Others
- Artificial Intelligence In Healthcare Market, by End-Use Industry
- Healthcare Provider
- Pharmaceutical & Biotechnology Company
- Patient
- Payer
- Artificial Intelligence In Healthcare Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Artificial Intelligence In Genomics Market By Offering (Software, Services), By Technology (Machine Learning, Computer Vision), By Functionality (Genome Sequencing, Gene Editing), By Geography, And Forecast
Artificial Intelligence in Life Science Market By Component (Hardware, Software, and Services), By Deployment (On-Premise and cloud), By Application (Drug Discovery, Precision Medicine, Clinical Trials, Patient Monitoring), By Geography, And Forecast
Artificial Intelligence In Ultrasound Imaging Market By Technology (Machine Learning, Computer Vision), By Application (Radiology, Obstetrics), By End Users (Hospitals and Providers, Patients), By Geography, And Forecast
Artificial Intelligence In MRI Market By Deployment Type (On-Premise, Cloud-Based), By End-Use (Hospitals, Clinics, Diagnostics), By Geography, And Forecast
Top 10 Metaverse In Healthcare Companies offering immersive digital environment
Visualize Artificial Intelligence In Healthcare Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
SOURCE Verified Market Research