Artificial Intelligence in Healthcare Market Poised to Attain Remarkable Growth of USD 272.91 Billion by 2030

PRESS RELEASE
Published August 21, 2023

The Artificial Intelligence in Healthcare report stands out for its ability to identify and cater to consumer needs and desires more effectively and efficiently than the competition. It employs easily comprehensible research methods and utilizes excellent tools and techniques, making it an exceptional market research document. This comprehensive study takes into consideration both the driving forces and obstacles within the market and examines how they impact demand over the forecast period. Clients benefit from a seamless blend of top-tier industry insights, practical solutions, talent resources, and cutting-edge technology when using the Artificial Intelligence in Healthcare report to foster business growth.

This Artificial Intelligence in Healthcare report not only provides a deep understanding of existing market conditions but also offers invaluable insights into future market trends, competitive landscapes, and strategies to surpass competitors. It serves as a systematic tool for problem analysis, model development, and fact-finding, all geared toward facilitating informed decision-making and effective marketing of goods and services. Through its rigorous data search and analysis, this Artificial Intelligence in Healthcare market report focuses on information directly pertinent to marketing challenges. Its structure is meticulously crafted to align with the specific needs of clients, ensuring a thorough understanding and strict adherence to their requirements.

Data Bridge Market Research analyses that the Artificial Intelligence in Healthcare Market, which is USD 9.64 billion in 2022, is expected to reach USD 272.91 billion by 2030, at a CAGR of 51.87% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Our Sample Copy of the report provides an insightful overview of the research report, including its outlook, table of contents, list of tables and figures, as well as a glimpse into the key players operating in the market and the significant regions covered. This sample serves as a valuable resource to familiarize oneself with the content and structure of the comprehensive report, allowing potential readers to gain a preliminary understanding of the valuable insights it offers.

Drivers

  • Rise in adoption of AI/ML technologies

The growing shortage of healthcare workers prompted the adoption of AI/ML technologies. As a result, AI algorithms can be trained to analyze patient health data, assisting healthcare providers in quickly diagnosing the condition and devising an effective treatment plan. Supportive government initiatives, increased mergers and acquisitions and technological collaborations, and the ongoing Covid-19 pandemic all played a significant role in driving market growth and accelerating AI adoption in healthcare. Following the initial implementation in the detection of Covid-19 positive patients using personalized patient information and data consolidation, AI/ML algorithms are now widely used in the rapid and accurate diagnosis of medical conditions. These are the certain factors which propel the market growth.

  • Innovative product development

Companies are using innovative product development strategies, partnership strategies, and mergers and acquisitions to expand their business footprint in order to meet the growing demand for early and accurate disease detection, reduce rising care costs, compensate for a growing shortage of care providers, and deliver value-based care. Furthermore, a growing number of start-ups specializing in AI-based healthcare technologies are receiving recognition in the form of investments from private investors and venture capitalists. For instance, in 2019, Partners Healthcare collaborated with FUJIFILM Sonosite to develop AI-based ultrasound technology, make it more accessible to the healthcare community, and improve diagnostic care quality.

Some key players mentioned in the report are:

NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM (U.S.), Google LLC (U.S.), Microsoft (U.S.), General Vision Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), CloudMedx Inc. (U.S.), Agfa-Gevaert Group (Belgium), Oncora Medical (U.S.), Imagia Cybernetics Inc. (Canada), Micron Technology, Inc. (U.S.), DeepMind Technologies Limited (U.K.), Welcome AI (U.S.), Koninklijke Philips N.V. (Netherlands), Precision Health AI (U.S.) and Cloud Pharmaceuticals, Inc. (U.S.)

Industry Overview: Gain a comprehensive understanding of the industry’s current state and future potential, with a forward-looking perspective that takes into account emerging trends and developments.

Production Cost Analysis and Industrial Chain Analysis: Explore the intricacies of production costs and delve into the analysis of the industrial chain, examining the various stages and components involved in the production process.

Full Regional Analysis: Obtain a detailed analysis of different geographical regions, providing insights into regional market dynamics, trends, and opportunities.

Competitive Landscape Benchmarking: Compare and evaluate key players in the market, assessing their strengths, weaknesses, and market positioning to identify potential areas for improvement and competitive advantages.

Market Growth Trends: Stay up to date with the latest market growth trends, including both current and emerging opportunities, enabling you to make informed business decisions.

Technological Developments and Products: Stay abreast of the latest technological advancements and product innovations that are shaping the market landscape, allowing you to adapt and capitalize on new opportunities.

Comprehensive Market Coverage: Access a comprehensive analysis of market factors, including drivers, restraints, opportunities, threats, limitations, and an outlook for the market, providing a holistic understanding of the market dynamics.

Analytical Tools: Benefit from analytical tools such as SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), Porter’s Five Forces Analysis, Feasibility Analysis, and ROI Analysis, which provide deeper insights and aid in strategic decision-making.

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Key Market Segmentation

Offering (Hardware, Software, Services), Technology (Machine Learning, Deep Learning, Querying Method, Natural Language Processing, Context- Aware Computing, Computer Vision), Application (Robot-assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cyber Security, Dosage Error Reduction, Real-time Monitoring, Precision Medicine, Personal Health and Nursing Assistants, Drug Development and Discovery, Diagnostic and Clinical Decision Support, Others), End User (Acos and Mcos, Patients, Payers, Pharmaceutical and Biotechnology Companies, Providers Healthcare Payers, Others)

The study of the Artificial Intelligence in Healthcare market will provide the following key insights:

  • Comprehensive Overview: The report offers a 360-degree overview of the Global Artificial Intelligence in Healthcare market, providing a global and regional perspective.
  • Market Share and Sales Revenue: It analyzes the market share and sales revenue of key players in the industry, as well as emerging regional players, to understand their market position.
  • Market Entropy: A dedicated chapter focuses on Market Entropy, offering insights into the aggressiveness of market leaders through activities such as mergers and acquisitions, recent investments, and key developments.
  • Patent Analysis: The report includes a patent analysis, examining the number of patents and trademarks filed in recent years, which indicates the level of innovation and intellectual property within the industry.
  • Guide for New Market Aspirants: The report serves as a complete and useful guide for new market entrants, providing them with valuable information to understand the industry landscape, opportunities, and challenges.
  • Forecast Information: The report provides forecast information that will assist in developing strategic and innovative business plans. It also includes a SWOT analysis of players, enabling the identification of growth opportunities, risk analysis, and investment feasibility.

The availability and feasibility of data may vary depending on the specific industry targeted in the study. Nonetheless, the report aims to deliver valuable insights and recommendations for businesses operating in the Artificial Intelligence in Healthcare market.

The Artificial Intelligence in Healthcare market report covers the following countries across different regions:

North America: The United States, Canada, and Mexico.

Europe: Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the rest of Europe.

Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, the Philippines, and the rest of Asia-Pacific.

Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and the rest of Middle East and Africa.

South America: Brazil, Argentina, and the rest of South America.

 

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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