Healthcare Artificial Intelligence Market Overview
The Healthcare Artificial Intelligence Market is estimated in terms of US dollars in the report for the years 2024 through 2030. With the purpose of identifying possible investment opportunities, it provides an analytical representation of the Healthcare Artificial Intelligence industry by showcasing current trends and future projections. Data on significant trends, obstacles, and prospects for the future are included in the market report to give investors and stakeholders insightful information.
Market Value :
Healthcare Artificial Intelligence Market was valued at US$ 1.20 Bn. in 2022. The Healthcare Artificial Intelligence Market size is estimated to grow at a CAGR of 44.2% over the forecast period.
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Healthcare Artificial Intelligence Market Report Scope and Research Methodology
The report highlights the potential for global market growth in the Healthcare Artificial Intelligence segment by presenting a quantitative analysis of the market during the forecast period. The report makes use of Porter’s five forces study to shed light on the relative market power of suppliers and buyers. The integration of primary and secondary data in the report guarantees its authenticity. Secondary data was acquired from a number of trustworthy sources, such as official websites, press releases, and annual reports from businesses. To assess the advantages and disadvantages of the Healthcare Artificial Intelligence market, a SWOT analysis was done. Furthermore, PORTER and PESTLE analyses were performed to evaluate the influence of macro- and micro-economic factors on the Healthcare Artificial Intelligence market. The thorough methodology used in these analyses gives the report’s conclusions more weight and substance.
Healthcare Artificial Intelligence Market Dynamics:
The market for artificial intelligence in healthcare benefits from the growing need to reduce healthcare costs as well as from improvements in computing power and falling equipment costs. The need to improve the nature of healthcare service administrations due to irregularities in the relationship between patients and the health workforce has led to an increase in collaborative efforts and organizations among various areas of the healthcare care environment.
Artificial intelligence technologies enable medical professionals to employ tools that facilitate accurate and expeditious diagnosis as well as effective treatment. However, physicians are very reluctant to use modern innovations due to patients’ overwhelming preference for them over in-person medications.
Healthcare Artificial Intelligence Market Regional Insights
Asia Pacific is anticipated to grow during the forecast period, having held the largest market share in 2022. Europe and North America are anticipated to have rapid growth in the Healthcare Artificial Intelligence market.
Healthcare Artificial Intelligence Market Segmentation:
Based on the Component, the market is segmented into Hardware, Software, and Service. Among these at a CAGR of 52.4 percent over the survey period, the hardware segment is expected to see the most elevated ascent. because of its need to set up the basic AI framework, the segment additionally addresses the largest share of the market.
by Component
Hardware
Software
Services
Based on Application, the market is segmented into Robot-Assisted Surgery, Virtual Nursing assistants, Dosage Error Reduction, Clinical trials, Preliminary Diagnosis, and Automated Image Diagnosis. As it guarantees exactness and accuracy in muddled tasks, the robot-helped surgery segment section has gotten the largest share of the market sector. The programmed picture demonstrative segment, notwithstanding, gives high potential for grow and is expected to encounter the most noteworthy CAGR at 52.5% during the forecasted period.
by Application
Robot-Assisted Surgery
Virtual Nursing Assistant
Dosage Error Reduction
Clinical Trial
Preliminary Diagnosis
Automated Image Diagnosis
Based on End-user, the market is segmented into academic & research laboratories, pharmaceutical & biotechnology companies, and hospitals & diagnostic centres. The end-user for a critical number of AI executions are expected to be hospitals and research centres. Accordingly, the segment discoveries show its huge size and quick growth in CAGR at 52.7 percent during the forecasted period.
by End-user
Hospital & Diagnostic Centers
Pharmaceutical & Biotechnology Companies
Academic & Research Laboratories
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Healthcare Artificial Intelligence Market Key Players:
1. DEEP GENOMICS
2. Next IT Corp
3. General Vision
4. Google
5. NVIDIA Corporation
6. IBM Watson Health
7. Intel Corporation
8. Koninklijke Philips N.V
9. GENERAL ELECTRIC
10.Stryker
11.Microsoft Corporation
12.CloudMedx Inc
Table of content for the Healthcare Artificial Intelligence Market includes:
Part 01: Executive Summary
Part 02: Scope of the Healthcare Artificial Intelligence Market Report
Part 03: Healthcare Artificial Intelligence Market Landscape
Part 04: Healthcare Artificial Intelligence Market Sizing
Part 05: Healthcare Artificial Intelligence Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key questions answered in Healthcare Artificial Intelligence Market are:
- What is Healthcare Artificial Intelligence Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Healthcare Artificial Intelligence Market?
- Which factors are the lucrative opportunities for the Healthcare Artificial Intelligence market growth?
- Which factors are limiting the scope of Healthcare Artificial Intelligence market ?
- How is the intervention from regulatory authority is shaping the Healthcare Artificial Intelligence Market?
- What growth strategies are the key players considering to increase their presence in Healthcare Artificial Intelligence Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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