Global Artificial Intelligence in Healthcare Market Expected to Reach $22,790 Million by 2023 - Allied Market Research

Friday, April 6, 2018 Research News
Email Print This Page Comment bookmark
Font : A-A+

PORTLAND, Oregon and PUNE, India, April 6, 2018 /PRNewswire/ --

According to a new report published by Allied Market Research, titled, AI in Healthcare Market by Offering, Technology, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global AI in healthcare market
was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023. North America is the highest contributor in the AI in healthcare market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

     (Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

AI involves the science and engineering of intelligent computer programs. It uses various computer functions such reasoning, learning and problem solving based on human intelligence. AI systems can be used in various disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering to build an intelligent system. Some of the different applications that incorporate the AI systems in healthcare fields are medication management, treatment plans, and drug discovery.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2421

The global the AI market is driven by the ability of AI to improve patient outcomes, increase in need for coordination between healthcare workforce & patients, rise in adoption of precision medicine, and remarkable growth in venture capital investments. In addition, significant use of big data in the healthcare sector is expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to impede the market growth. Possibility of using AI-based tools for elderly care and untapped potential of emerging markets, such as China and India, are expected to provide various opportunities for the market.

The natural language processing segment accounted for the highest share in 2016 and is expected to dominate the market from 2017 to 2023. The deep learning segment witnessed the highest growth rate in 2016 owing to increase in use of signal reduction, data mining, and image recognition.

Presently, the healthcare provider segment dominates and is expected to dominate the market from 2017 to 2023. Increase in usage & application of AI systems is expected to improve patient outcomes and maintain electronic health records (EHR) & patient records to boost the market growth.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2421

Among application, the robot-assisted surgery segment accounted for the highest share in 2016, growing at an estimated CAGR of 46.1%, owing to upsurge in demand for minimally invasive surgeries where AI-assisted technologies are being widely used.

Key Findings of the Artificial Intelligence (AI) in Healthcare Market: 

  • Dosage error reduction is projected to grow at the highest rate during the analysis period.
  • North America dominated global AI in healthcare market in 2016, and is projected to continue its dominance in future.
  • China is expected to grow highest in the Asia-Pacific region during the forecast period.
  • Pharmaceuticals & Biotechnology Companies is the fastest growing segment among the end user in 2016.
  • Hardware segment is expected to be the fastest growing segment during the forecast period.

The report provides extensive competitive analysis and profiles of key market players, such as Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX.

The other players in the value chain include Shimadzu Recursion Pharmaceuticals, Inc., Siemens Healthineers, General Electric (GE) Company, Koninklijke Philips N.V., Cloudmedx, Inc., and Bay Labs, Inc.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1?855?550-5975 help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store