Artificial Intelligence in Healthcare Market is Rising Exponentially at Growth Rate of 51.37% During the Forecast Period of 2029, with Share, Outlook, Trends, Size and Demand Analysis

LONDON, Aug. 22, 2022 /PRNewswire/ -- Recent study report released by Data Bridge Market research with titled "Global Artificial Intelligence in Healthcare Market" (covering USA, Europe, China, Japan, India, South East Asia and etc) that highlighting opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. The trustworthy Artificial Intelligence in Healthcare business report provides a profound overview of product specification, technology, type and production analysis considering major factors such as revenue, cost, and gross margin. The data and information collected to produce this top-notch market report has been derived from the trusted sources such as company websites, white papers, journals, and mergers etc. This report includes basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. All the parameters of an important Artificial Intelligence in Healthcare report can be explored to analyse market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks and entry barriers.

Data Bridge Market Research analyses that the artificial intelligence in healthcare market is expected to undergo a CAGR of 51.37% during the forecast period of 2022-2029. This indicates that the market value, which was USD 6.35 billion in 2021, would rocket up to USD 175.22 billion by 2029. "Patients" dominates the end user segment of the artificial intelligence in healthcare market owing to the increasing product launches, availability of the larger patient pool, high resource availability, high penetration of high speed internet and advancements in healthcare technologies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Overview:-

Artificial intelligence is being increasingly used by a wide range of industry verticals. Artificial intelligence has revolutionized the healthcare sector and improved the quality of healthcare facilities. Artificial intelligence has reduced the dependence on humans and subsequently reduced the number of human errors. Artificial intelligence in healthcare is facilitating advanced and modern treatment even in the remote areas.                        

Artificial intelligence in healthcare deals with patient management systems, scheduling and using algorithms to approximate human cognition and analyze relationships between prevention or treatment techniques and outcomes related to patients.

Competitive Landscape:- Artificial Intelligence in Healthcare Market

• NVIDIA Corporation (US),
• Intel Corporation (US),
• IBM (US),
• Google LLC (US),
• Microsoft (US),
• General Vision Inc. (US),
• Johnson & Johnson Services, Inc. (US),
• Siemens Healthcare GmbH (Germany),
• Medtronic (Ireland),
• CloudMedx Inc. (US),
• Agfa-Gevaert Group (Belgium),
• Oncora Medical (US),
• Imagia Cybernetics Inc. (Canada),
• Micron Technology, Inc. (US),
• DeepMind Technologies Limited (UK),
• Welcome AI (US),
• Koninklijke Philips N.V. (Netherlands),
• GENERAL ELECTRIC COMPANY (US),
• Precision Health AI (US), and
• Cloud Pharmaceuticals

Artificial intelligence in healthcare deals with patient management systems, scheduling and using algorithms to approximate human cognition and analyze relationships between prevention or treatment techniques and outcomes related to patients.

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Opportunities

Furthermore, upsurge in the public-private funding for target research activities, increasing need for improvised healthcare services owing to imbalance between health workforce and patients and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, rising geriatric population base, rising number of cross-industry partnerships and collaborations and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Artificial Intelligence in Healthcare Market Dynamics

Drivers

• The rise in the prevalence of disorders

Surging prevalence of chronic and acute disorders and diseases all around the globe owing to various internal and external factors is one of the major factors responsible for fostering growth of the market. Rising patient pool especially in the developing economies is carving the way for the growth of the market.

• Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies have led to the advancements in the medical technology and have improved the quality of healthcare facilities.   

• Government investments on healthcare infrastructure

The increase in the funding by the federal government is set to drive the growth of the market. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative personal health devices market growth opportunities.

Additionally, surge in the personal disposable income level, introduction of technologically driven product in hospitals and increasing investment for the development of advanced, growing demand for robotically assisted surgeries, rising adoption of minimally invasive devices and innovative technology, positively affect the market growth rate.

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The report provides insights on the following pointers:

1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Artificial Intelligence in Healthcare market.
2. Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Artificial Intelligence in Healthcare market.

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Recent developments

• In January 2019, Dartford and Gravesham NHS Trust in the United Kingdom came up with an AI-powered wearable technology for patient monitoring when they are discharged from the hospitals.
• In October 2019, care.ai and NVIDIA announced a collaboration to provide an artificial intelligence-powered autonomous patient monitoring in healthcare leveraging NVIDIA'S platform.
• In March 2020, care.ai formed a partnership with the Texas Hospital Association (THA) for creating statewide adoption of AI for autonomous monitoring.

Market Scope:- Artificial Intelligence in Healthcare

Offering

• Hardware
• Software
• Services

Technology

• Machine Learning
• Natural Language Processing
• Context- Aware Computing
• Computer Vision

Application

• Robot-assisted Surgery
• Virtual Assistants
• Administrative Workflow Assistants
• Connected Machines
• Diagnosis
• Clinical Trials
• Fraud Detection
• Cyber security
• Dosage Error Reduction

End user

• Patients
• Pharmaceuticals and Biotechnology Companies
• Healthcare Payers
• Others

Artificial Intelligence in Healthcare Market Objectives:

• To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Artificial Intelligence in Healthcare Market
• To analyze and forecast the size of the Artificial Intelligence in Healthcare Market, in terms of value and volume
• To analyze opportunities in the Artificial Intelligence in Healthcare Market for stakeholders and provide a competitive landscape of the market
• To define, segment, and estimate the Artificial Intelligence in Healthcare Market based on deposit type and end-use industry
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
• To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
• To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Artificial Intelligence in Healthcare Market

Table of Contents: Artificial Intelligence in Healthcare Market

1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Artificial Intelligence in Healthcare in Healthcare Industry
7 Artificial Intelligence in Healthcare Market, by Product Type
8 Artificial Intelligence in Healthcare Market, by Modality
9 Artificial Intelligence in Healthcare Market, by Type
10 Artificial Intelligence in Healthcare Market, by Mode
11 Artificial Intelligence in Healthcare Market, by End User
12 Artificial Intelligence in Healthcare Market, by Geography
13 Artificial Intelligence in Healthcare Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports

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