Global Healthcare Artificial Intelligence Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Artificial intelligence technology is the simulation of human intelligence in machines that are programmed to think and mimic their actions. Healthcare industry is rapidly growing owing to technological advancement such as introduction of artificial intelligence which includes improved workflow of healthcare service providers such as clinical decision support, hospitals for quality management, clinical diagnosis of patients, dosage error reduction, and among others. Furthermore, Artificial intelligence coupled with machine learning is supporting physician to make quick clinical decisions majorly in presence of huge availability of patient data and critical conditions which is positively impacting on market growth. For instance, in radiology it helps in automatic protocol selection, asset utilization, automatic scheduling of pre and post imaging checkups. Global healthcare artificial intelligence market size was valued at 6868.355 billion USD in 2020 and is expected to reach 228947.7 billion USD by 2030 growing with a CAGR of 42% during the forecast period.
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Market Dynamics and Factors:
Technological advancement such as introduction of artificial intelligence in pharmacy sector for reduction of dosage error and implementation in medical devices for quick formation of reports and minimal invasive features are positively impacting on healthcare artificial intelligence market growth in near future. Moreover, increasing availability of healthcare data and rapid development in the health care industry such as big data analytics methods, machine learning methods for structured data as well as natural programming language for unstructured data are emerging technologies that positively impact on the healthcare artificial intelligence market growth. Major diseases areas that are adopting artificial technology tools include cancer, neurology, cardiology, and among others. Furthermore, image acquisition embedded with artificial technology is favoring to be potential opportunity for market growth during the forecast period. However, lack of awareness of these devices and low technology penetration, is anticipated to hinder the healthcare artificial intelligence market growth in upcoming years. The major challenges faced by the healthcare artificial intelligence market are security, maintenance of data, and cost effectiveness.
Market Segmentation:
Global Healthcare Artificial Intelligence Market – By Offering
Hardware
Software
Services
Global Healthcare Artificial Intelligence Market – By Technology
Deep Learning
Natural Language Programming
Context Aware Processing
Others
Global Healthcare Artificial Intelligence Market – By Application
Robot Assisted Surgery
Virtual Nursing Assistance
Dosage Error Reduction
In-Patient Care
Hospital Management
Clinical Trial Participant
Medical Imaging
Others
Global Healthcare Artificial Intelligence Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Geographically, healthcare artificial intelligence market is segmented into North America, Europe, Asia Pacific, and RoW. North America is estimated to dominate the market due to increased healthcare awareness, supportive technology development and infrastructure. Furthermore, Developing infrastructure development and economic growth in China, Japan, and India are setting up new standards for healthcare artificial intelligence market growth in Asia Pacific.
Competitive Scenario:
Some of the key players of healthcare artificial intelligence industry are IBM, Google, MICROSOFT, Siemens healthcare, GE Healthcare, Medtronic, Precision HEALTH AI, Life graph, Modernizing medicine, and Cyrciadia healthcare Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Healthcare Artificial Intelligence industry, although key threats, opportunities and disruptive technologies that could shape the Global Healthcare Artificial Intelligence Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Healthcare Artificial Intelligence Market most.
The data analysis present in the Global Healthcare Artificial Intelligence Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Healthcare Artificial Intelligence Market business.
The 2021 Annual Global Healthcare Artificial Intelligence Market offers:
100+ charts exploring and analysing the Global Healthcare Artificial Intelligence Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Healthcare Artificial Intelligence Market type
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