Artificial Intelligence in Healthcare Market Is Expected to Register a CAGR of 51.90% During the Review Period, 2023–2032
Research Reports
Jul 12, 2023
Artificial Intelligence in Healthcare Market Research Report: Information By Component (Hardware, Software, and Services), By Application (Robot-Assisted Surgery, Virtual Nursing Assistant, Dosage Error Reduction, Clinical Trial, Preliminary Diagnosis, and Automated Image Diagnosis), By Technology (Machine Learning, Querying Method, and Natural Language Processing), By End User (Pharmaceutical & Biotechnology Companies, Hospital & Diagnostic Centers, and Academic & Research Laboratories), and By Region (North America, Europe, Asia-Pacific,
According to MRFR analysis, the Global Artificial Intelligence in Healthcare Market is expected to register a CAGR of~51.90% from 2023 to 2032 and hold a value of over USD 21.52 billion by 2032.
The Global Artificial Intelligence in Healthcare Market refers to the collective market encompassing the use and application of artificial intelligence (AI) technologies and solutions in the healthcare industry worldwide.
The Global AI in Healthcare Market has witnessed significant growth in recent years, driven by several factors such as the increasing need for efficient healthcare systems, rising demand for personalized medicine, growing availability of large healthcare datasets, advancements in AI technologies, and the potential for improving patient outcomes and reducing healthcare costs.
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The COVID-19 pandemic had a significant impact on the Global Artificial Intelligence in Healthcare Market. The pandemic has highlighted the need for advanced technologies in healthcare, leading to an accelerated adoption of AI in the industry. The demand for AI solutions in healthcare has increased as organizations seek ways to enhance efficiency, improve patient outcomes, and mitigate the impact of future healthcare crises.
Market Segmentation
The Global Artificial Intelligence in Healthcare Market has been segmented into technology, application and end user.
Based on the technology, the market has been segmented into machine learning, querying method and natural language processing.
Based on the application, the market has been segmented into robot-assisted surgery, virtual nursing assistant, dosage error reduction, clinical trial and preliminary diagnosis.
Based on the end user, the market has been segmented into hospital & diagnostic centers and academic & research laboratories.
Key Players
Some of the key market players are:
- Medtronic
- Amazon Web Services
- Johnson & Johnson
- General Electric Company
- General Vision
- CloudmedX
- Oncora Medical
- Enlitic
- Lunit
- Cota
- FDNA Inc.
- Recursion Pharmaceuticals
Regional Analysis
North America has been the largest region in the Global Artificial Intelligence in Healthcare Market. The region has been at the forefront of adopting and implementing AI technologies in healthcare. The presence of major technology companies, well-established healthcare infrastructure, and a supportive regulatory environment has contributed to the dominance of North America in this market.
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The United States, in particular, has been a key contributor to the growth of the AI in Healthcare Market. The country has a robust ecosystem of AI startups, research institutions, and healthcare providers that are actively leveraging AI technologies to improve patient outcomes, enhance clinical decision-making, and streamline healthcare operations.
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