The global artificial intelligence in healthcare market is anticipated to value USD 31.3 billion by 2025. It is anticipated to register a 41.5% CAGR over the forecasted period, 2019 to 2025. The increasing need to curb healthcare costs, rising prevalence of precision medicines, and the importance of big data across the healthcare sector are projected to propel the growth of the market.
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Market Synopsis of AI in Healthcare Market:
In 2018, the software segment
held the largest share across the global market owing to the rising deployment
of AI-based software solutions to enhance the clinical procedures. On the other
hand, the hardware component segment is anticipated to gain a substantial CAGR
of 40.0% in the upcoming years due to the surging demand for hardware which provides
more computing power for the efficient operation of AI-based software.
The segment of the clinical trial
held a dominant share in the global market in 2019 on account of the need for
reducing financial loss caused by unsuccessful trials and delays in drug
launches. The robot-assisted surgery application segment is projected to
witness significant growth from 2019 to 2025 due to their features like
gathering and integration of information from real surgical experiences.
The North America accounted for
the highest share in the global AI in healthcare market in 2018 due to the
rising adoption of IT solutions across the healthcare sector. On the other
hand, the Asia Pacific is projected to register the fastest growth over the
forecasted years, 2019 to 2025 owing to the rising healthcare IT infrastructure
and surging number of AI-based startups across countries like China, Japan, and
India.
The market for artificial
intelligence in healthcare across the globe includes major players such as
Intel Corporation, IBM Corporation, Nuance Communications Inc., Microsoft, and
DeepMind Technologies Limited. Rapid technological advances, product
development, and innovation are undertaken by these players for clinical trials
on medicines.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 AI in Healthcare:
Market Variables, Trends & Scope
Chapter 4 AI in Healthcare:
Product Estimates & Trend Analysis
Chapter 5 AI in Healthcare:
Application Estimates & Trend Analysis
Chapter 6 AI in Healthcare:
End-use Estimates & Trend Analysis
Chapter 7 AI in Healthcare:
Industrial End-use Estimates & Trend Analysis
Chapter 8 AI in Healthcare:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 AI in Healthcare:
Manufacturers Company Profiles
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