Global AI in Healthcare Market to Reach USD 152.50 Billion by 2030, Fueled by Advancements in Data Analytics and Personalized Medicine | Infinium Global Research

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Oct 17, 2023, 05:45 ET

PUNE, India, Oct. 17, 2023 /PRNewswire/ -- A recent report recently released by Infinium Global Research delves into a comprehensive analysis of various segments and sub-segments within both the global and regional AI in Healthcare Markets. This study sheds light on how drivers, constraints, and macro indicators are influencing the global and regional AI in healthcare markets in both the short and long term. The report offers a thorough exploration of trends, forecasts, and the monetary values associated with the global AI in healthcare market. Notably, the AI in healthcare sector, valued at USD 14.16 billion in 2022, is projected to surge to USD 152.50 billion by 2030, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 29.87% during the forecast period spanning 2023 to 2030.

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Revolutionizing Healthcare Through Artificial Intelligence

Artificial Intelligence (AI) in healthcare harnesses advanced computational algorithms and machine learning techniques to decipher complex medical data, enabling profound transformations in the healthcare sector. The applications of AI are vast and impactful, ranging from disease diagnosis and detection to personalized treatment, drug discovery, telemedicine, and more. AI plays a pivotal role in the early detection and diagnosis of diseases by analyzing medical images like X-rays, MRIs, and CT scans with unparalleled accuracy and speed.

Additionally, AI tailors treatment plans for individual patients, considering their genetics, medical history, and personal data, leading to more effective and efficient outcomes. Moreover, AI-powered algorithms analyze extensive datasets to identify potential drug candidates, expediting the drug development process. The scope of AI in healthcare continues to expand, holding the potential to revolutionize the entire industry.

Driving Forces of AI in Healthcare

The growth of AI in healthcare is underpinned by several driving forces, including the escalating demand for advanced data analytics. AI empowers healthcare providers to process and analyze vast troves of patient data swiftly and accurately, enhancing patient care and outcomes. Personalized medicine is also propelling the market forward, as AI tailors treatment plans to individuals, leveraging their unique genetic profiles and medical histories. Diagnostic and imaging advancements are on the rise due to AI's ability to analyze medical images with exceptional precision, contributing to early disease detection and diagnosis.

However, data privacy and security concerns pose challenges to market growth, even as AI offers numerous opportunities for innovation within the healthcare sector, particularly in rapid diagnostics, contact tracing, and vaccine development, all of which play pivotal roles in responding to global health crises.

Regional Dominance and Regulatory Frameworks

North America is poised to dominate the AI in healthcare market, driven by its advanced healthcare infrastructure, robust investment and funding, research and innovation hubs, and a thriving industry ecosystem. Notably, the United States and Canada within North America boast highly developed healthcare infrastructures, making them ideal environments for the integration of AI-powered medical solutions. Substantial investments in healthcare technology and artificial intelligence further bolster the region's AI applications in healthcare.

Europe, on the other hand, has established stringent regulatory frameworks for AI in healthcare, including GDPR (General Data Protection Regulation) and the Medical Device Regulation (MDR). These regulations lay a clear path for AI adoption, addressing data privacy and AI medical device safety, instilling trust among patients and healthcare professionals. Europe's active AI research and innovation landscape, facilitated by collaboration between academia and industry, significantly contribute to the development of cutting-edge AI solutions.

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Segmentation Overview

The global AI in healthcare market comprises various segments:

Offering:

Hardware
Software
Services

Technology:

Machine Learning
Natural Language Processing
Computer Vision
Context-Aware Processing

Application:

Patient Data and Risk Analysis
Medical Imaging & Diagnostics
Drug Research and Discovery
Inpatient Care & Hospital Management
Healthcare Assistance Robots
Connected Machines
Cybersecurity
Virtual Assistants
Other Applications

End User:

Hospitals and Healthcare Providers
Healthcare Payers
Patients

Competitive Landscape:

The report provides profiles of the companies in the market such as Siemens, NVIDIA Corporation, IBM Corporation, Progress Software Corporation, Microsoft, Oracle, Alphabet Inc., Koninklijke Philips N.V., GE HealthCare, and Intel Corporation.

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Table of Contents

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. AI in Healthcare Market Highlights

2.2. AI in Healthcare Market Projection

2.3. AI in Healthcare Market Regional Highlights

Chapter 3. Global AI in Healthcare Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Offering

3.4.2. IGR-Growth Matrix Analysis by Technology

3.4.3. IGR-Growth Matrix Analysis by Application

3.4.4. IGR-Growth Matrix Analysis by End User

3.4.5. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of AI in Healthcare Market

Chapter 4. AI in Healthcare Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global AI in Healthcare Market

5.2. Companies Profiles

5.2.1. Siemens

5.2.2. NVIDIA Corporation

5.2.3. IBM Corporation

5.2.4. Progress Software Corporation

5.2.5. Microsoft

5.2.6. Oracle

5.2.7. Alphabet Inc.

5.2.8. Koninklijke Philips N.V.

5.2.9. GE HealthCare

5.2.10. Intel Corporation

Chapter 6. Global AI in Healthcare Market by Offering

6.1. Hardware

6.2. Software

6.3. Services

Chapter 7. Global AI in Healthcare Market by Technology

7.1. Machine Learning

7.2. Natural Language Processing

7.3. Computer Vision

7.4. Context Aware Processing

Chapter 8. Global AI in Healthcare Market by Application

8.1. Patient Data and Risk Analysis

8.2. Medical Imaging & Diagnostics

8.3. Drug Research and Discovery

8.4. Inpatient Care & Hospital Management

8.5. Healthcare Assistance Robots

8.6. Connected Machine

8.7. Cybersecurity

8.8. Virtual Assistants

8.9. Other Applications

Chapter 9. Global AI in Healthcare Market by End User

9.1. Hospitals and Healthcare Providers

9.2. Healthcare Payers

9.3. Patients

Chapter 10. Global AI in Healthcare Market by Region 2023-2030

10.1. North America

10.1.1. North America AI in Healthcare Market by Offering

10.1.2. North America AI in Healthcare Market by Technology

10.1.3. North America AI in Healthcare Market by Application

10.1.4. North America AI in Healthcare Market by End User

10.1.5. North America AI in Healthcare Market by Country

10.1.5.1. The U.S. AI in Healthcare Market

10.1.5.1.1. The U.S. AI in Healthcare Market by Offering

10.1.5.1.2. The U.S. AI in Healthcare Market by Technology

10.1.5.1.3. The U.S. AI in Healthcare Market by Application

10.1.5.1.4. The U.S. AI in Healthcare Market by End User

10.1.5.2. Canada AI in Healthcare Market

10.1.5.2.1. Canada AI in Healthcare Market by Offering

10.1.5.2.2. Canada AI in Healthcare Market by Technology

10.1.5.2.3. Canada AI in Healthcare Market by Application

10.1.5.2.4. Canada AI in Healthcare Market by End User

10.1.5.3. Mexico AI in Healthcare Market

10.1.5.3.1. Mexico AI in Healthcare Market by Offering

10.1.5.3.2. Mexico AI in Healthcare Market by Technology

10.1.5.3.3. Mexico AI in Healthcare Market by Application

10.1.5.3.4. Mexico AI in Healthcare Market by End User

10.2. Europe

10.2.1. Europe AI in Healthcare Market by Offering

10.2.2. Europe AI in Healthcare Market by Technology

10.2.3. Europe AI in Healthcare Market by Application

10.2.4. Europe AI in Healthcare Market by End User

10.2.5. Europe AI in Healthcare Market by Country

10.2.5.1. Germany AI in Healthcare Market

10.2.5.1.1. Germany AI in Healthcare Market by Offering

10.2.5.1.2. Germany AI in Healthcare Market by Technology

10.2.5.1.3. Germany AI in Healthcare Market by Application

10.2.5.1.4. Germany AI in Healthcare Market by End User

10.2.5.2. United Kingdom AI in Healthcare Market

10.2.5.2.1. United Kingdom AI in Healthcare Market by Offering

10.2.5.2.2. United Kingdom AI in Healthcare Market by Technology

10.2.5.2.3. United Kingdom AI in Healthcare Market by Application

10.2.5.2.4. United Kingdom AI in Healthcare Market by End User

10.2.5.3. France AI in Healthcare Market

10.2.5.3.1. France AI in Healthcare Market by Offering

10.2.5.3.2. France AI in Healthcare Market by Technology

10.2.5.3.3. France AI in Healthcare Market by Application

10.2.5.3.4. France AI in Healthcare Market by End User

10.2.5.4. Italy AI in Healthcare Market

10.2.5.4.1. Italy AI in Healthcare Market by Offering

10.2.5.4.2. Italy AI in Healthcare Market by Technology

10.2.5.4.3. Italy AI in Healthcare Market by Application

10.2.5.4.4. Italy AI in Healthcare Market by End User

10.2.5.5. Rest of Europe AI in Healthcare Market

10.2.5.5.1. Rest of Europe AI in Healthcare Market by Offering

10.2.5.5.2. Rest of Europe AI in Healthcare Market by Technology

10.2.5.5.3. Rest of Europe AI in Healthcare Market by Application

10.2.5.5.4. Rest of Europe AI in Healthcare Market by End User

10.3. Asia Pacific

10.3.1. Asia Pacific AI in Healthcare Market by Offering

10.3.2. Asia Pacific AI in Healthcare Market by Technology

10.3.3. Asia Pacific AI in Healthcare Market by Application

10.3.4. Asia Pacific AI in Healthcare Market by End User

10.3.5. Asia Pacific AI in Healthcare Market by Country

10.3.5.1. China AI in Healthcare Market

10.3.5.1.1. China AI in Healthcare Market by Offering

10.3.5.1.2. China AI in Healthcare Market by Technology

10.3.5.1.3. China AI in Healthcare Market by Application

10.3.5.1.4. China AI in Healthcare Market by End User

10.3.5.2. Japan AI in Healthcare Market

10.3.5.2.1. Japan AI in Healthcare Market by Offering

10.3.5.2.2. Japan AI in Healthcare Market by Technology

10.3.5.2.3. Japan AI in Healthcare Market by Application

10.3.5.2.4. Japan AI in Healthcare Market by End User

10.3.5.3. India AI in Healthcare Market

10.3.5.3.1. India AI in Healthcare Market by Offering

10.3.5.3.2. India AI in Healthcare Market by Technology

10.3.5.3.3. India AI in Healthcare Market by Application

10.3.5.3.4. India AI in Healthcare Market by End User

10.3.5.4. South Korea AI in Healthcare Market

10.3.5.4.1. South Korea AI in Healthcare Market by Offering

10.3.5.4.2. South Korea AI in Healthcare Market by Technology

10.3.5.4.3. South Korea AI in Healthcare Market by Application

10.3.5.4.4. South Korea AI in Healthcare Market by End User

10.3.5.5. Australia AI in Healthcare Market

10.3.5.5.1. Australia AI in Healthcare Market by Offering

10.3.5.5.2. Australia AI in Healthcare Market by Technology

10.3.5.5.3. Australia AI in Healthcare Market by Application

10.3.5.5.4. Australia AI in Healthcare Market by End User

10.3.5.6. Rest of Asia-Pacific AI in Healthcare Market

10.3.5.6.1. Rest of Asia-Pacific AI in Healthcare Market by Offering

10.3.5.6.2. Rest of Asia-Pacific AI in Healthcare Market by Technology

10.3.5.6.3. Rest of Asia-Pacific AI in Healthcare Market by Application

10.3.5.6.4. Rest of Asia-Pacific AI in Healthcare Market by End User

10.4. RoW

10.4.1. RoW AI in Healthcare Market by Offering

10.4.2. RoW AI in Healthcare Market by Technology

10.4.3. RoW AI in Healthcare Market by Application

10.4.4. RoW AI in Healthcare Market by End User

10.4.5. RoW AI in Healthcare Market by Sub-region

10.4.5.1. Latin America AI in Healthcare Market

10.4.5.1.1. Latin America AI in Healthcare Market by Offering

10.4.5.1.2. Latin America AI in Healthcare Market by Technology

10.4.5.1.3. Latin America AI in Healthcare Market by Application

10.4.5.1.4. Latin America AI in Healthcare Market by End User

10.4.5.2. Middle East AI in Healthcare Market

10.4.5.2.1. Middle East AI in Healthcare Market by Offering

10.4.5.2.2. Middle East AI in Healthcare Market by Technology

10.4.5.2.3. Middle East AI in Healthcare Market by Application

10.4.5.2.4. Middle East AI in Healthcare Market by End User

10.4.5.3. Africa AI in Healthcare Market

10.4.5.3.1. Africa AI in Healthcare Market by Offering

10.4.5.3.2. Africa AI in Healthcare Market by Technology

10.4.5.3.3. Africa AI in Healthcare Market by Application

10.4.5.3.4. Africa AI in Healthcare Market by End User

As AI continues to reshape the healthcare landscape, offering unparalleled insights and opportunities for innovation, its profound impact on disease diagnosis, treatment personalization, and patient care is set to revolutionize the global healthcare industry. For a comprehensive analysis of specific segments, emerging market trends, competitive dynamics, and growth prospects, please refer to the full research report.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of AI in healthcare.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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