Blog: Artificial Intelligence in Healthcare Market Growth, Technological Innovation & Emerging Trends
Artificial intelligence (AI) is creation of unique systems using algorithms and software that can perform certain tasks without human intervention and instructions. Artificial intelligence comprises integration of several technologies such as machine learning, natural language processing, reasoning, and perception. Artificial intelligence is used in healthcare for approximation of human cognition and analysis of complex medical and diagnostic imaging data.
Artificial intelligence has revolutionized the healthcare industry by designing treatment plans, medication management, assisting in repetitive tasks, and drug discovery. Increasing adoption of precision medicine has made enabled simplicity of management and cost reduction. Increasing application in genomics research coupled with incremental innovation in robotic personal digital assistants boost industry growth.
The key players covered in this study:
Intel Nvidia Google, IBM Microsoft, General Vision, Enlitic, Next IT, Welltok, Icarbonx, Recursion Pharmaceuticals, Koninklijke Philips, General Electric, Siemens Healthineers, Johnson & Johnson Services, Medtronic, Stryker Careskore, Zephyr Health, Oncora Medical, Sentrian, Bay Labs, Atomwise, Deep Genomics, Cloudmedx.
The global healthcare artificial intelligence market is segmented on the basis of offering, technology, application and end user. The offering segment includes, hardware, software and services.
Based on technology, the healthcare artificial intelligence market is segmented as, deep learning, querying method, natural language processing and context aware processing.
Based on application, the healthcare artificial intelligence market is segmented as, robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others.
Based on end user, the healthcare artificial intelligence market is classified into, healthcare provider, pharmaceutical & Biotechnology Company, patient, and payer.
Artificial intelligence assists the machines to perform any task without human interventions. It uses different algorithms and software that help the machine to inculcate perception and reasoning for various situations. AI is widely applicable in the healthcare sector for various purposes such as drug discovery and precision medicine. In addition, it is used to analyze patient’s medical data, to predict disease onset, and personalize treatment provided to the patient.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare artificial intelligence market based offering, technology, application and end user. It also provides market size and forecast till 2025 for overall Healthcare Artificial intelligence market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
Key Benefits of Buying this Research Study:
1. The key findings and recommendations highlight crucial progressive industry trends in the Artificial Intelligence in Healthcare Market, thereby allowing players across the value chain to develop effective long term strategies
2. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
3. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
4. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution