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The Impact of Artificial Intelligence on Healthcare Industry

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The global AI in Healthcare market was valued at $1,441 million in 2016, and is projected to reach $22,790 million by 2023, growing at a CAGR of 48.0% from 2017 to 2023. The hardware AI for the segment is anticipated to grow at the highest rate from 2017 to 2023.

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The Impact of Artificial Intelligence on Healthcare Industry

  1. 1. Artificial Intelligence in Healthcare Market Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, and Services), Technology (Deep Learning, Querying Method, Natural Language Processing, and Context Aware Processing), Application (Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis, and Others), and End User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, and Payer) - Global Opportunity Analysis and Industry Forecast, 2017-2023
  2. 2. Current and future Market Scenario • Global artificial intelligence (AI) in healthcare market is estimated to reach $22,790 million, states Allied Market Research. • Artificial intelligence (AI) in healthcare market will grow at a prominent CAGR of 48.0% from 2017 to 2023. • The hardware AI for segment is anticipated to grow at the highest rate from 2017 to 2023. • North America dominated the global AI market, and is projected to grow at a CAGR of 45.9%. • The natural learning processing segment is expected to witness the highest growth rate during the forecast period. Artificial Intelligence in Healthcare Market
  3. 3. Factors Contributing to Market Growth • Significant use of big data in the healthcare sector will foster the market growth. • Other factors that contribute to market growth are: • Increase in need for coordination between healthcare workforce & patients • Rise in adoption of precision medicine • Remarkable growth in venture capital investments Artificial Intelligence in Healthcare Market
  4. 4. Market Segments Artificial Intelligence in Healthcare Market Offering • Hardware • Software • Service Technology • Deep Learning • Querying Method • Natural Language Processing • Context Aware Processing Application • Robot-assisted Surgery • Virtual Nursing Assistant • Administrative Workflow Assistance • Fraud Detection • Dosage Error Reduction • Clinical Trial Participant Identifier • Preliminary Diagnosis
  5. 5. Dominating Segments • The hardware segment is anticipated to grow at the highest CAGR from 2017 to 2023. • The natural learning processing segment is expected to witness the highest growth rate during the forecast period. • The robot-assisted surgery application segment generated the highest revenue in 2016, and is expected to continue its dominance in the near future. • North America dominated the global AI market, and is projected to grow at a CAGR of 45.9%. • Asia-Pacific is expected to witness the highest growth rate during the forecast period. Artificial Intelligence in Healthcare Market
  6. 6. Leading Players • The leading players in the automated fare collection market have adopted key strategies such as collaborations, product launch, and agreement and acquisition to expand their market presence. • Welltok, Inc., Intel Corporation, Nvidia Corporation, Alphabet Inc. (Google Inc.), IBM Corporation, Microsoft Corporation, General Vision, Enlitic, Inc., Next IT Corporation, and iCarbonX. Artificial Intelligence in Healthcare Market
  7. 7. “ ” A report titled “Artificial Intelligence in Healthcare Market- Opportunities and Forecasts, 2017 – 2023” has been recently published by Allied Market Research. The report makes close observations of pipeline structure for end-to-end AI-HC market around the world. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. To know more about the Artificial Intelligence in Healthcare Market- Opportunities and Forecasts, 2017 – 2023 report: https://www.alliedmarketresearch.com/artificial-intelligence-in-healthcare-market Follow us on Thank You

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