Global Artificial Intelligence in Healthcare market was valued at approximately USD 650 million in 2016, is anticipated to grow at a CAGR of 54.5% during forecasted period. Increasing adoption of Big Data among healthcare organizations, rapid focus on reducing healthcare cost, growing demand for non-invasive surgeries are some of the primary driving factors for the market. Moreover, increasing IT investment from healthcare organizations and developments in precision medicine are creating significant opportunities for AI in Healthcare industry.
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Global AI in Healthcare Market Size Study, by Component (Hardware, Software, Services), by Technology (Deep Learning, Querying Method, NLP, Context-Aware Processing), by Application (Medical Imaging and Diagnostics, Precision Medicine, Drug Discovery), by End-User and Regional Forecasts, 2017-2025
Key findings of the study:
The North American region accounted for the largest market share, more than 32% of the total market in 2016.
Precision Medicine and Drug Discovery applications are anticipated to grow at the highest CAGR over the forecast period.
Asia Pacific market holds significant growth potential and is expected to grow at approx. 60% CAGR over the forecast period.
Frequent cross-industry partnerships are leading to market consolidation.
- Deep Learning
- Querying Method
- Natural Language Processing
- Context-Aware Processing
- Patient Data and Risk Analysis
- Lifestyle Management and Monitoring
- Precision Medicine
- In-Patient Care and Hospital Management
- Medical Imaging and Diagnosis
- Drug Discovery
- Virtual Assistant
- Pharmaceuticals and Biotechnology
- Accountable Care Organization and Managed Care Organization
- North America
- Asia Pacific
- Rest of the World
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