Coherent Market Insights published a business research report on Artificial Intelligence in Healthcare Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Artificial Intelligence in Healthcare Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
The global Artificial Intelligence in Healthcare Market analysis further provides pioneering landscape of market along with market augmentation history and key development involved in the industry. The report also features comprehensive research study for high growth potential industries professional survey with market analysis. Artificial Intelligence in Healthcare Market report helps the companies to understand the market trends and future market prospective,opportunities and articulate the critical business strategies.
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During the COVID-19 pandemic, most of the companies and research institutes have introduced new AI-based products and solutions to improve resources to combat COVID-19 pandemic across the globe. For instance, in June 2020, GE Healthcare launched the Thoracic Care Suite, which uses AI to scan eight chest X-ray abnormalities, including pneumonia indicative of COVID-19, which is a key cause of mortality in patients who suffer from coronavirus infection. The introduction of the AI suite is a part of GE Healthcare’s larger effort to ensure that clinicians on the frontlines have the equipment they need to quickly diagnose and effectively treat COVID-19 patients. In August 2020, Cerner launched a new Command Center dashboard to help organizations visualize and optimize operations in a centralized location by leveraging real-time data and predictive analytics to provide situational awareness and decision support during COVID-19.
The growing number of product launches, increasing investments, and partnership by key players are key factors expected to foster growth of the artificial intelligence in healthcare market during the forecast period.
Growing product launches of AI in medical industry is projected to augment the artificial intelligence in healthcare market growth over the forecast period. For instance, in October 2018, Philips launched IntelliVue GuardianSoftware app for patient monitoring to enable clinicians to better monitor patient conditions. It also secured 510(k) clearance from the U.S. Food and Drug Administration (FDA) in October 2018. The latest platform integrates other Philips technologies, notably the Early Warning Scoring (EWS), which helps to predict when a patient’s health will deteriorate and then intervenes. It can also integrate with Philips wearables.
Increasing funding for development of AI in healthcare sectors is again projected to drive growth of the artificial intelligence in healthcare market over the forecast period. For instance, in January 2020, Microsoft launched a five-year US$ 40 million program called AI for Health, an initiative that will use artificial intelligence tools to address some of the biggest challenges in healthcare, including disease diagnosis and treatment, and global health crises.
Various medical companies are installing AI tools for research and development programs, which has further led to growth of the global artificial intelligence in healthcare market. For example, in September 2018, Fujifilm became the first company to adopt NVIDIA DGX-2 AI supercomputer for their AI development in healthcare, medical imaging in Japan. This supercomputer is manufactured for deployment, rapid development, testing, and scaling of new deep learning models. This will help the organization to massively increase their processing power and AI learning in healthcare.
Browse 45 Market Data Tables and 40 Figures spread through 220 Pages and in-depth TOC on Artificial Intelligence in Healthcare Market, by Products and Services (Hardware and Software & Services), by Technology (Speech Recognition, Natural Language Processing, Machine Learning, and Context Aware Processing), by Application (Imaging & Diagnostics, Home Health, Medical Device and Robotics, Virtual Assistants, and Others), by End User (Hospitals & Clinics, Medical Device Companies, Diagnostic Centers, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Forecast to 2027″.
The growing adoption of inorganic growth strategies such as agreements and partnerships by key companies is projected to foster growth of the artificial intelligence in healthcare market. For instance, in October 2019, care.ai, a healthcare AI innovator, announced partnership with Google, to use Google’s Coral Edge TPU to power autonomous monitoring in hospitals. This collaboration enabled care.ai’s platform to leverage accelerated neural networks, to transform an ordinary room into a ‘Self Aware Room’, in any care setting at an enterprise scale. Similarly, in October 2019, NVIDIA announced its collaboration with care.ai, a healthcare AI innovator, to transform how healthcare is delivered. care.ai’s cutting edge end-to-end AI solution provides an autonomous monitoring platform that leverages NVIDIA’s world-leading platform for AI at THE EDGE.
Key Takeaways of the Artificial Intelligence in Healthcare Market:
- The artificial intelligence in healthcare market is projected to exhibit a CAGR of 56.2% during the forecast period (2020-2027), owing to the increasing application of AI in technologies utilized in the pharmaceutical industry
- Among technology, the machine learning segment is projected to hold a major revenue share in 2027, due to the growing use of machine learning in diagnostics and in the process of deciding treatment regime for patients. Factors such as the growing number of start-ups working on machine learning tools to offer better in vitro diagnostics, growing diagnostic errors in healthcare, and increasing incidence of chronic diseases are projected to drive growth of this segment. The Institute of Medicine at the National Academies of Science, Engineering and Medicine reported that diagnostic errors contribute to around 10% of patient deaths and account for 6 to 17% of hospital complications in the U.S. in 2015.
- Major players operating in the artificial intelligence in healthcare market include IBM Corporation, Google LLC, Medtronic Plc, Koninklijke Philips N.V., Nvidia Corporation, Microsoft Corporation, iCarbonX, CloudMedx Inc., Atomwise Inc., and Next IT Corporation.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Artificial Intelligence in Healthcare Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Artificial Intelligence in Healthcare Industry Impact
Chapter 2 Global Artificial Intelligence in Healthcare Competition by Types, Applications, and Top Regions and Countries
2.1 Global Artificial Intelligence in Healthcare (Volume and Value) by Type
2.3 Global Artificial Intelligence in Healthcare (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Artificial Intelligence in Healthcare Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Artificial Intelligence in Healthcare Market Analysis
Chapter 6 East Asia Artificial Intelligence in Healthcare Market Analysis
Chapter 7 Europe Artificial Intelligence in Healthcare Market Analysis
Chapter 8 South Asia Artificial Intelligence in Healthcare Market Analysis
Chapter 9 Southeast Asia Artificial Intelligence in Healthcare Market Analysis
Chapter 10 Middle East Artificial Intelligence in Healthcare Market Analysis
Chapter 11 Africa Artificial Intelligence in Healthcare Market Analysis
Chapter 12 Oceania Artificial Intelligence in Healthcare Market Analysis
Chapter 13 South America Artificial Intelligence in Healthcare Market Analysis
Chapter 14 Company Profiles and Key Figures in Artificial Intelligence in Healthcare Business
Chapter 15 Global Artificial Intelligence in Healthcare Market Forecast (2021-2027)
Chapter 16 Conclusions
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