The AI in healthcare market is expected to grow from USD 4.9 billion in 2020 to USD 45.2 billion by 2026; it is projected to grow at a CAGR of 44.9% during the forecast period. The major drivers for the market are the increasingly large and complex datasets driving the need for AI, surging demand to reduce the increasing healthcare costs, improving computing power and declining hardware costs, growing number of cross-industry partnerships and collaborations, and rising imbalance between health workforce and patients driving the need for improvised healthcare services.
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Browse 64 market data Tables and 43 Figures spread through 140 Pages and in-depth TOC on "3D Projector Market - Global Forecast to 2024"
Sony Corporation (Japan), Optoma (Taiwan), Seiko Epson Corporation (Japan), Barco (Belgium), Vivitek Corporation (Taiwan), Panasonic Corporation (Japan), BenQ Corporation (Taiwan), NEC Display Solutions (Japan), Christie Digital (US), Viewsonic (US), JVCKenwood Corporation (Japan), Digital Projection (UK), Wolf Cinema (US), Dukane (US), Acer Inc. (Taiwan), Boxlight (US), InFocus Corporation (US), Sim2 BV (Italy), Dell (US), and Canon Inc. (Japan) are among a few major players in the 3D projector market.
Based on the offering, the AI in healthcare market has been divided into Hardware, Software, and Services. The market for software accounted for the largest share of AI in healthcare marketin 2020. Many companies are developing software solutions for various healthcare applications; this is the key factor complementing the growth of the software segment. The market for services is expected to grow at the highest CAGR during the forecast perio. The software segment consists of platforms and solutions. These software products are offered by various technology giants, such as Microsoft (US), IBM (US), AWS (US), and Google (US), and various other emerging companies and startups.
On the basis of technology, the AI in healthcare market has been divided into machine learning (ML), natural language processing (NLP), Context-aware Computing, and computer vision. Machine learning to hold largest share of ai in healthcare market during forecast period. ML is further classified into deep learning, supervised learning, unsupervised learning, reinforcement learning, and others (semi-supervised learning, federated learning, and other ML techniques). Machine learning’s ability to collect and handle big data, and its applications in various healthcare applications, such as patient data and risk analysis, drug discovery, and inpatient care and hospital management, are fueling its growth.
Among all regions, North America is expected to register the highest growth in the AI in healthcare market during the forecast period. The wide-scale adoption of AI technologies across the continuum of care, especially in the US, is the chief factor supporting the growth of the AI in healthcare market in this region. The high expenditure in healthcare infrastructure development and the growing shortage of nursing and technical staff in the US are the main factors driving the growth of the AI in healthcare market in the US. The AI in healthcare market in APAC is expected to grow at highest CAGR from 2020 to 2026. The growing adoption of AI in drug discovery, virtual assistants, and healthcare robots is expected to foster the growth of the AI in healthcare market in APAC.
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