The report "Artificial Intelligence in Healthcare Market
by Offering (Hardware, Software, Services), Technology (Machine
Learning, NLP, Context-Aware Computing, Computer Vision), End-Use
Application, End User, and Geography – Global Forecast to 2025"
According to the latest market research report, the artificial
intelligence in healthcare market is estimated to be valued at USD 2.1
billion in 2018 and is expected to reach USD 36.1 billion by 2025, at a
CAGR of 50.2% from 2018 to 2025. The market has huge potential across
various end users such as hospitals and providers, healthcare payers,
and pharmaceutical and biotechnology companies. Increasingly large and
complex data set available in the form of big data and growing need to
reduce the increasing healthcare cost drive the growth of this market.
Improving computing power and declining cost of hardware are other key
factors driving the AI in healthcare market.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54679303
Browse 103 market data Tables and 49 Figures spread through 216 Pages and in-depth TOC on "Artificial Intelligence in Healthcare Market".
The
major companies profiled in this report are NVIDIA (US), Intel (US),
IBM (US), Google (US), Microsoft (US), AWS (US), General Vision (US), GE
Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US).
The market has active participation of start-ups. A few emerging
companies in the market are CloudMedx (US), Imagia Cybernetics (Canada),
Precision Health AI (US), and Cloud Pharmaceuticals (US).
AI in healthcare market for software to hold largest market during forecast period
The
AI in healthcare market for software segment is expected to hold the
largest market from 2018 to 2023. Growing adoption of AI solutions and
platforms among healthcare providers and healthcare payers is the prime
factor driving the growth of the software segment. The software is
developed using AI technologies, such as machine learning, natural
language processing, and deep learning. In most cases, the software can
run in the existing system without any additional requirement for
specific hardware.
Machine learning technology to witness highest CAGR from 2018 to 2025
Machine
learning technology is expected to hold the largest market share
throughout the forecast period. Increasing adoption of machine learning
technology (especially deep learning) in various healthcare applications
is driving the growth of machine learning technology in AI in
healthcare market. The major types of machine learning technology are
deep learning, supervised learning, unsupervised learning, and
reinforcement learning.
North America leads AI in healthcare market in terms of value
North
America to account for the largest size of the AI in healthcare market
throughout the forecast period. The wide-scale adoption of AI
technologies across the continuum of care, especially in the US, is the
key factor supporting the growth of the AI in healthcare market in this
region. In addition, the strong presence of key AI hardware and software
providers, such as NVIDIA (US), Intel (US), Xilinx (US), Microsoft
(US), AWS (US), Google (US), IBM (US), Johnson and Johnson (US), and GE
(US), is complementing the growth of the AI in healthcare market in the
region.
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