Artificial Intelligence (AI) is defined as the science and engineering of forming intelligent computer systems that are able to perform tasks without receiving instructions directly from humans. These computer systems use a number of different algorithms and decision-making capabilities, as well as vast amounts of data, to provide a solution or response to a request. There are number of applications within healthcare where can deliver incredible value is into pharmaceutical and biotechnology companies, payers, patients, ACOS and MCOS. Increasing internet usage and connected device may act as a major driver in artificial intelligence in healthcare market. On the other hand ambiguous regulatory guidelines for medical software may hamper the market.
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Global Analysis of Artificial Intelligence in Healthcare Market:
Global Artificial Intelligence in Healthcare Market accounted for USD 703.4 million in 2016 growing at a CAGR of 53.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Artificial Intelligence in Healthcare Market Company Analysis:
- IBM Corporation
- Google, Inc.
- Intel Corporation
- NVIDIA Corporation
- Microsoft Corporation
- Next IT Corp.
- General Vision, Inc.
- Welltok, Inc.
- Enlitic, Inc.
- General Electric Company
- Recursion Pharmaceuticals
- Stryker Corporation
- Medtronic plc
- Deep Genomics, Inc.
- Koninklijke Philips N.V.
- Oncora Medical, Inc.
Global Artificial intelligence in Healthcare Market, By Geography; Technology (NLP, Context Aware Processing, Deep Learning, Querying Method); Offering (Hardware, Software, Services); Application (Patient Data and Risk Analysis, Medical Imaging & Diagnostics, Precision Medicine, Drug Discovery, Lifestyle Management & Monitoring, Virtual Assistant, Wearables, Inpatient Care & Hospital Management, Research); End-Users (Providers, Pharmaceutical & Biotechnology Companies, Payers, Patients, ACOS & MCOS) and Forecast to 2024
Report Drivers & Restraints:
- Increasing application in the field of genomics.
- Imbalance between health workforce and patients.
- Increasing internet usage and connected device.
- Significant increase in venture capital investments.
- Ambiguous regulatory guidelines for medical software.
- Reluctance among medical practitioners to adopt AI based technologies.
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On the basis of technology:
- Natural Language Processing (NLP)
- Context Aware Processing
- Deep Learning
- Querying Method
On the basis of application:
- Patient Data and Risk Analysis
- Medical Imaging and Diagnostics
- Precision Medicine
- Drug Discovery
- Lifestyle Management & Monitoring
- Virtual Assistant
- Inpatient Care and Hospital Management
On the basis of end user:
- Pharmaceutical and Biotechnology Companies
- ACOS and MCOS.
On the basis of geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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