Artificial intelligence has shown immense potential in various domains of healthcare from disease diagnosis to drug discovery. It enables healthcare providers to harness the power of data to improve clinical outcomes and accelerate precision medicine approaches. AI can analyze huge volumes of patient data, medical images and literature at much faster speed than humans. This helps detect patterns, predict outcomes and recommend treatment plans for improved decision making. As AI technologies advance further with continuous learning techniques, these are expected to play a transformative role in making healthcare more affordable, accessible and personalized globally.

Market Dynamics:

Global artificial intelligence in healthcare market growth is driven by rising digitization of healthcare along with growing need to optimize healthcare resource utilization and infrastructure. AI helps reduce medical expenses through streamlined workflows and prevention of readmissions. There has been huge demand for virtual assistants and chatbots for patient engagement. However, concerns around data privacy, lack of skilled AI workforce and high deployment costs can hamper the market growth. Increasing collaboration between AI vendors, providers and researchers to develop novel applications can offer market growth opportunities. Growing adoption of wearable devices and smartphones creates more data sources for training advanced AI systems.

Key features of the study:

- This report provides in-depth analysis of the global artificial intelligence in healthcare market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global artificial intelligence in healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Microsoft, IBM, Intel, Google, Siemens Healthineers, GE Healthcare

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global artificial intelligence in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in healthcare market

Detailed Segmentation-

• By Component Insights (Revenue, USD Bn, 2019 - 2031)
  • Hardware
  • Software
  • Services
• By Technology Insights (Revenue, USD Bn, 2019 - 2031)
  • Speech Recognition
  • Natural Language Processing
  • Machine Learning
  • Context-Aware Processing
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Imaging & Diagnostics
  • Home Health
  • Medical Devices and Robotics
  • Virtual Assistants
  • Others
• By End User Insights (Revenue, USD Bn, 2019 - 2031)
  • Hospitals & Clinics
  • Medical Device Companies
  • Diagnostic Centers
  • Others
• By Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • GE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • NVIDIA
  • Intel
  • Babylon Health
  • Komodo Health
  • Aidoc
  • Google Health
  • Exscientia
  • Butterfly Network
  • Relay Therapeutics
  • PathAI
  • Viz.ai
  • Canon Medical Systems
  • Microsoft
  • Oncora Medical
  • Biosymetrics
  • Arterys
  • Ada Health