AI in healthcare refers to the use of machine learning and cognitive algorithms for treatment techniques and patient outcomes. AI is applied in various healthcare practices, such as medical diagnostics, drug discovery, clinical trial, pain management, and improving patient outcomes.
The main types of AI in healthcare offerings include hardware and software. By algorithms, types of AI in healthcare products include deep learning, querying methods, natural language processing, and context-aware processing. Medical device manufacturers use AI-based technologies to innovate hardware products to better assist health care providers and improve treatment. Technology companies develop AI algorithms for healthcare-related solutions. Robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, and preliminary diagnosis are the major applications of AI in healthcare.Major end users of AI in healthcare are hospitals and diagnostic centers, pharmaceutical and biopharmaceutical companies, healthcare payers, and patients.
The global artificial intelligence in healthcare market grew from $10.13 billion in 2022 to $12.53 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The artificial intelligence in healthcare market is expected to grow to $70.99 billion in 2027 at a CAGR of 54.3%.
The artificial intelligence in healthcare market research report is one of a series of new reports that provides artificial intelligence in healthcare market statistics, including artificial intelligence in healthcare industry global market size, regional shares, competitors with artificial intelligence in healthcare market share, detailed artificial intelligence in healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence in healthcare industry. This artificial intelligence in healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
AI-driven surgical robots are an emerging trend in the artificial intelligence in healthcare market. Various healthcare fields have adopted robotic surgery in recent times. Robot-assisted surgeries are used to overcome limitations during minimally invasive surgical procedures and to improve surgeon capabilities during open surgeries. AI is widely applied in surgical robots and is also used with machine vision to analyse scans and detect complex cases. While performing surgeries in delicate areas of the human body, robotic surgeries are more effective than manually performed surgeries. Many technology companies are providing innovative robotic solutions to meet healthcare needs. For example, in 2020, Accuracy Incorporated, a US-based company that develops, manufactures, and sells radiotherapy systems for alternative cancer treatments, launched a device called the CyberKnife S7 System, which combines speed, advanced precision, and AI-driven motion tracking for stereotactic radiosurgery and stereotactic body radiation therapy treatment.
In August 2021, Nurosene Health Inc., a health technology company focused on the mental wellness of people headquartered in Toronto, Canada, acquired Netramark Corp. This acquisition will advance Nurosene's product capabilities for better brain health by utilising the machine learning technologies of Netramark Corp. NetraMark Corp. is an AI and pharma tech company that develops AI and machine learning solutions for pharmaceutical companies.
North America was the largest region in the Artificial Intelligence in Healthcare market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Artificial Intelligence in Healthcare Market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increase in the adoption of precision medicine is one of the driving factors of artificial intelligence in the healthcare market. Precision medicine uses information about an individual's genes, environmental and lifestyle changes to design and improve the diagnosis and therapeutics of the patient. It is widely used for oncology cases, and due to the rising prevalence of cancer and the number of people affected by it, the demand for AI in precision medicine will increase going forward. According to research published in the Lancet Oncology, the global cancer burden is set to increase by 75% by 2030.
The AI in healthcare market includes revenues earned by entities by discovering links between genetic codes, power surgical robots and maximize hospital efficiency. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the artificial intelligence in healthcare market are Intel Corporation, Nvidia Corporation, IBM Corporation, Microsoft Corporation, Google Inc., Welltok Inc., General Vision Inc., General Electric Company, Siemens Healthcare Private Limited, Medtronic, Koninklijke Philips N.V., Micron Technology Inc., Johnson & Johnson Services Inc., Next IT Corporation, and Amazon Web Services.
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The main types of AI in healthcare offerings include hardware and software. By algorithms, types of AI in healthcare products include deep learning, querying methods, natural language processing, and context-aware processing. Medical device manufacturers use AI-based technologies to innovate hardware products to better assist health care providers and improve treatment. Technology companies develop AI algorithms for healthcare-related solutions. Robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, and preliminary diagnosis are the major applications of AI in healthcare.Major end users of AI in healthcare are hospitals and diagnostic centers, pharmaceutical and biopharmaceutical companies, healthcare payers, and patients.
The global artificial intelligence in healthcare market grew from $10.13 billion in 2022 to $12.53 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The artificial intelligence in healthcare market is expected to grow to $70.99 billion in 2027 at a CAGR of 54.3%.
The artificial intelligence in healthcare market research report is one of a series of new reports that provides artificial intelligence in healthcare market statistics, including artificial intelligence in healthcare industry global market size, regional shares, competitors with artificial intelligence in healthcare market share, detailed artificial intelligence in healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence in healthcare industry. This artificial intelligence in healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
AI-driven surgical robots are an emerging trend in the artificial intelligence in healthcare market. Various healthcare fields have adopted robotic surgery in recent times. Robot-assisted surgeries are used to overcome limitations during minimally invasive surgical procedures and to improve surgeon capabilities during open surgeries. AI is widely applied in surgical robots and is also used with machine vision to analyse scans and detect complex cases. While performing surgeries in delicate areas of the human body, robotic surgeries are more effective than manually performed surgeries. Many technology companies are providing innovative robotic solutions to meet healthcare needs. For example, in 2020, Accuracy Incorporated, a US-based company that develops, manufactures, and sells radiotherapy systems for alternative cancer treatments, launched a device called the CyberKnife S7 System, which combines speed, advanced precision, and AI-driven motion tracking for stereotactic radiosurgery and stereotactic body radiation therapy treatment.
In August 2021, Nurosene Health Inc., a health technology company focused on the mental wellness of people headquartered in Toronto, Canada, acquired Netramark Corp. This acquisition will advance Nurosene's product capabilities for better brain health by utilising the machine learning technologies of Netramark Corp. NetraMark Corp. is an AI and pharma tech company that develops AI and machine learning solutions for pharmaceutical companies.
North America was the largest region in the Artificial Intelligence in Healthcare market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the Artificial Intelligence in Healthcare Market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increase in the adoption of precision medicine is one of the driving factors of artificial intelligence in the healthcare market. Precision medicine uses information about an individual's genes, environmental and lifestyle changes to design and improve the diagnosis and therapeutics of the patient. It is widely used for oncology cases, and due to the rising prevalence of cancer and the number of people affected by it, the demand for AI in precision medicine will increase going forward. According to research published in the Lancet Oncology, the global cancer burden is set to increase by 75% by 2030.
The AI in healthcare market includes revenues earned by entities by discovering links between genetic codes, power surgical robots and maximize hospital efficiency. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the artificial intelligence in healthcare market are Intel Corporation, Nvidia Corporation, IBM Corporation, Microsoft Corporation, Google Inc., Welltok Inc., General Vision Inc., General Electric Company, Siemens Healthcare Private Limited, Medtronic, Koninklijke Philips N.V., Micron Technology Inc., Johnson & Johnson Services Inc., Next IT Corporation, and Amazon Web Services.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Artificial Intelligence in Healthcare Market Characteristics
3. Artificial Intelligence in Healthcare Market Trends And Strategies
4. Artificial Intelligence Market - Macro Economic Scenario
4.1 COVID-19 Impact On Artificial Intelligence Market
4.2 Ukraine-Russia War Impact On Artificial Intelligence Market
4.3 Impact Of High Inflation On Artificial Intelligence Market
5. Artificial Intelligence in Healthcare Market Size And Growth
5.1. Global Artificial Intelligence in Healthcare Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Artificial Intelligence in Healthcare Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Artificial Intelligence in Healthcare Market Segmentation
6.1. Global Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hardware
- Software
- Deep Learning
- Querying Method
- Natural Language Processing
- Context Aware Processing
- Robot-Assisted Surgery
- Virtual Nursing Assistant
- Administrative Workflow Assistance
- Fraud Detection
- Dosage Error Reduction
- Clinical Trial Participant Identifier
- Preliminary Diagnosis
- Hospitals and Diagnostic Centers
- Pharmaceutical and Biopharmaceutical Companies
- Healthcare Payers
- Patients
7.1. Global Artificial Intelligence in Healthcare Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Artificial Intelligence in Healthcare Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Artificial Intelligence in Healthcare Market
8.1. Asia-Pacific Artificial Intelligence in Healthcare Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Artificial Intelligence in Healthcare Market
9.1. China Artificial Intelligence in Healthcare Market Overview
9.2. China Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Artificial Intelligence in Healthcare Market
10.1. India Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Artificial Intelligence in Healthcare Market
11.1. Japan Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Artificial Intelligence in Healthcare Market
12.1. Australia Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Artificial Intelligence in Healthcare Market
13.1. Indonesia Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Artificial Intelligence in Healthcare Market
14.1. South Korea Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Artificial Intelligence in Healthcare Market
15.1. Western Europe Artificial Intelligence in Healthcare Market Overview
15.2. Western Europe Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Artificial Intelligence in Healthcare Market
16.1. UK Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Artificial Intelligence in Healthcare Market
17.1. Germany Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Artificial Intelligence in Healthcare Market
18.1. France Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Artificial Intelligence in Healthcare Market
19.1. Eastern Europe Artificial Intelligence in Healthcare Market Overview
19.2. Eastern Europe Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Artificial Intelligence in Healthcare Market
20.1. Russia Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Artificial Intelligence in Healthcare Market
21.1. North America Artificial Intelligence in Healthcare Market Overview
21.2. North America Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Artificial Intelligence in Healthcare Market
22.1. USA Artificial Intelligence in Healthcare Market Overview
22.2. USA Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Artificial Intelligence in Healthcare Market
23.1. South America Artificial Intelligence in Healthcare Market Overview
23.2. South America Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Artificial Intelligence in Healthcare Market
24.1. Brazil Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Artificial Intelligence in Healthcare Market
25.1. Middle East Artificial Intelligence in Healthcare Market Overview
25.2. Middle East Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Artificial Intelligence in Healthcare Market
26.1. Africa Artificial Intelligence in Healthcare Market Overview
26.2. Africa Artificial Intelligence in Healthcare Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Artificial Intelligence in Healthcare Market, Segmentation By Algorithms, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Artificial Intelligence in Healthcare Market Competitive Landscape And Company Profiles
27.1. Artificial Intelligence in Healthcare Market Competitive Landscape
27.2. Artificial Intelligence in Healthcare Market Company Profiles
27.2.1. Intel Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Nvidia Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. IBM Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Microsoft Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Google Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Artificial Intelligence in Healthcare Market
29. Artificial Intelligence in Healthcare Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Artificial Intelligence in Healthcare Market Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on artificial intelligence in healthcare market market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for artificial intelligence in healthcare market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence in healthcare market market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Offering: Hardware; Software2) By Algorithms: Deep Learning; Querying Method; Natural Language Processing; Context Aware Processing
3) By Application: Robot-Assisted Surgery; Virtual Nursing Assistant; Administrative Workflow Assistance; Fraud Detection; Dosage Error Reduction; Clinical Trial Participant Identifier; Preliminary Diagnosis
4) By End User: Hospitals and Diagnostic Centers; Pharmaceutical and Biopharmaceutical Companies; Healthcare Payers; Patients
Companies Mentioned: Intel Corporation; Nvidia Corporation; IBM Corporation; Microsoft Corporation; Google Inc.,
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Intel Corporation
- Nvidia Corporation
- IBM Corporation
- Microsoft Corporation
- Google Inc.
- Welltok Inc.
- General Vision Inc.
- General Electric Company
- Siemens Healthcare Private Limited
- Medtronic
- Koninklijke Philips N.V.
- Micron Technology Inc.
- Johnson & Johnson Services Inc.
- Next IT Corporation
- Amazon Web Services
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 12.53 billion |
| Forecasted Market Value ( USD | $ 70.99 billion |
| Compound Annual Growth Rate | 54.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
