AI in Healthcare Market Size, Share & Future Opportunities
According to FutureWise analysis the market for artificial intelligence in healthcare in 2023 was US$ 14.6 billion, and is expected to reach US$ 332.83 billion by 2031 at a CAGR of 47.80%.
Artificial intelligence (AI) encompasses the use of machine learning (ML) algorithms and various cognitive technologies within the healthcare sector. At its core, AI involves the ability of computing devices to simulate human cognition, enabling them to learn, think, make decisions, and perform tasks. In the context of healthcare, AI is employed to analyze medical data and make predictions about specific outcomes, which can be crucial for patient survival and care.
AI applications in healthcare assist doctors, nurses, and other healthcare professionals in managing routine tasks more efficiently. By enhancing preventative care and quality of life, AI contributes to improved patient outcomes, allowing for more accurate diagnoses and tailored treatment plans. Additionally, AI tools can analyze data from both public and private sectors, helping to anticipate and monitor the progression of diseases. This capability positions AI as an essential resource in combating pandemics and epidemics, thereby playing a vital role in advancing global public health.
The impact of artificial intelligence on the healthcare sector has been transformative, fundamentally altering the methods by which healthcare providers diagnose, treat, and monitor patients. AI enables more tailored treatment plans and plays a crucial role in advancing research and enhancing health outcomes. With its capacity to quickly sift through vast amounts of clinical data, it helps uncover disease patterns and indicators that may escape human observation.
Applications of AI in healthcare are diverse, ranging from the analysis of electronic health records for outcome forecasting to the interpretation of radiological images for early disease detection. By integrating AI into hospital and clinic operations, healthcare systems are becoming increasingly intelligent, efficient, and effective in delivering care to millions globally. AI is set to transform the future of healthcare by improving the quality of patient care and lowering costs for providers at the same time.
FutureWise Market Research has published a report that provides an insightful analysis of Artificial Intelligence in Healthcare Market trends that are affecting the overall market growth.
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Artificial Intelligence in Healthcare Market Segmentation:
By Technology
- Natural Language Processing (NLP)
- Machine Learning
- Deep Learning
- Supervised Learning
- Unsupervised Learning
- Reinforcement Learning
- Others
- Context-Aware Computing
- Computer Vision
By Offering
- Software
- AI Solutions
- On-Premises
- Cloud
- AI Platform
- Machine Learning Framework
- Application Program Interface
- Hardware
- Processor
- MPU
- GPU
- FPGA
- ASIC
- Memory
- Network
- Processor
- Services
- Deployment and Integration
- Support and Maintenance
- AI Solutions
By Application
- In-Patient Care and Hospital
- Patient Data and Risk Analysis
- Medical Imaging and Diagnostics
- Lifestyle Management and Monitoring
- Virtual Assistant
- Healthcare Assistant Robots
- Wearable
- Drug Discovery
- Research
- Precision Medicine
- Emergency Room andSurgery
- Mental Health
- Cybersecurity
By End User
- Hospitals and Healthcare Providers
- Patients
- Pharmaceuticals and Biotechnology Companies
- Healthcare Payers
- Others (ACOS and MCOS)
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Artificial Intelligence in Healthcare Market:
- IBM (Watson Health)
- AiCure
- APIXIO Inc.
- iCarbonX
- Insilico Medicine Inc.
- Sophia Genetics
- Welltok
- Zebra Medical Vision Ltd.
- Micron Technology
- Amazon Web Services
- Intel
- Nvidia
- Microsoft
- NVIDIA Corporation
- General Vision, Inc.
- General Electric (GE) Healthcare
- Siemens Healthineers
- Medtronic plc
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Artificial Intelligence in Healthcare Market By Technology, By Offering, By Application, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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