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The Global AI in Healthcare Market was valued at USD8231.36 million, which is further expected to grow with an impressive CAGR of 21.56% during the forecast period, to achieve a market value of USD25121.10 million by 2027. Exceptional integration of technology and internet-based services in the healthcare sector will drive the Global AI in Healthcare Market in the next five years. Consistent development through research and innovative addition to medical devices and medical procedures supports the growth of the Global AI in Healthcare Market in the next five years. Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The growing abundance of medical data and the demand for storing that data regarding patient and medical cases further aids the growth of the Global AI in Healthcare Market in the next five years. Surging demands for precision medicine also aid the market growth. The precision medicines are designed according to the genetic map of the patient, highly specific for the respective patient and their disease or condition that requires the involvement of well-advanced technology and artificial intelligence that can formulate the structure of the drug and analyze its effect on the patient through various bio-chemical procedures, thereby substantiating the growth of the Global AI in Healthcare Market in the forecast years through 2027.
The Global AI in Healthcare Market is segmented based on offering, technology, application, end-user, region, and company. Based on the offering, the market can be split into software and hardware. The software segment is anticipated to hold the largest revenue shares of the market and dominate the market in the upcoming five years on the increasing involvement of technologically advanced medical procedures that guarantee better healthcare services and efficient methods of patient care. Based on technology, the market can be categorized into machine learning, computer vision, natural language processing, and context-aware computing. Based on end-user, the market can be segmented into healthcare providers, pharmaceutical & biotechnology companies, patients, and others. Regionally, North America dominates the market in Europe, Asia Pacific, South America, and the Middle East & Africa region.
Alphabet Inc, Microsoft Corporation, Intel Corporation, NVDIA Corporation, Medtronic Plc, Koninklijke Philips, Siemens Healthineers, General Electric Company, Micron Technology Amazon Web Services are among the major market players in the global platform that lead the market growth of the Global AI in Healthcare Market.
Years considered for this report:
Historical Years: 2017- 2020Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023 - 2027
Objective of the Study:
- To analyze the market size of the Global AI in Healthcare Market from 2017 to 2021.
- To estimate and forecast the market size of the Global AI in Healthcare Market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast the Global AI in Healthcare Market based on offering, technology, application, end-user, region, and company.
- To identify dominant region or segment in the Global AI in Healthcare Market.
- To identify drivers and challenges for the Global AI in Healthcare Market.
- To examine competitive developments such as expansions, new product & service launches, mergers & acquisitions, etc., in the Global AI in Healthcare Market.
- To identify and analyze the profile of leading players operating in the Global AI in Healthcare Market.
- To identify key sustainable strategies adopted by the market players in the Global AI in Healthcare Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers & service providers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers & service providers which could not be identified due to the limitations of secondary research. The publisher Research analyzed the manufacturers & service providers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the Global AI in Healthcare Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products & services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.
Key Target Audience:
- Manufacturers & service providers, suppliers
- Distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to AI healthcare
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global AI in Healthcare Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
AI in Healthcare Market, By Offering:
- Software
- Hardware
AI in Healthcare Market, By Technology:
- Machine Learning
- Computer Vision
- Natural Language Processing
- Context-Aware Computing
AI in Healthcare Market By Application:
- Medical Imaging & Diagnostics
- Robotic Surgeries
- Drug Discovery
- Inpatient Care & Hospital Management
- Patient Data & Risk Analysis
- Others
AI in Healthcare Market By End-User:
- Healthcare Providers
- Pharmaceutical & Biotechnology Companies
- Patients
- Others
AI in Healthcare Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global AI in Healthcare Market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
Detailed analysis and profiling of additional market players (up to five).Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global AI in Healthcare Market13. Market Trends & Developments15. Strategic Recommendations
5. Voice of Customer
6. Global AI in Healthcare Market Outlook
7. North America AI in Healthcare Market Outlook
8. Europe AI in Healthcare Market Outlook
9. Asia-Pacific AI in Healthcare Market Outlook
10. South America AI in Healthcare Market Outlook
11. Middle East and Africa AI in Healthcare Market Outlook
12. Market Dynamics
14. Competitive Landscape
List of Figures
Companies Mentioned
- Alphabet Inc.
- Microsoft Corporation
- Intel Corporation
- NVDIA Corporation
- Medtronic Plc
- Koninklijke Philips NV
- Siemens Healthineers AG
- General Electric Company
- Micron Technology, Inc.
- Amazon Web Services Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 114 |
Published | July 2022 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD | $ 4124.22 Million |
Forecasted Market Value ( USD | $ 25121.1 Million |
Compound Annual Growth Rate | 19.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |