As the application of artificial intelligence (AI) in the field of drug development increases, market growth is greatly favored. Artificial intelligence (AI) is called engineering and science adopted to design intelligent machines, such as intelligent computer programs. A system that applies multiple human intelligence-based functions, such as learning, reasoning, and problem-solving skills in areas such as computer science, biology, linguistics, mathematics, and engineering. Artificial intelligence is regarded as the next boundary of medical innovation. Healthcare’s AI is implemented to align structured and unstructured data. Medical disciplines such as oncology, neurology and cardiology are experiencing more and more AI applications.
The AI in healthcare market is expected to grow from USD 2.1 billion in 2018 to USD 36.1 billion by 2025, at a CAGR of +50.2% during the forecast period.
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Top Key Player of Healthcare Artificial Intelligence Market: DEEP GENOMICS, Next IT Corp., General Vision, Google, NVIDIA Corporation, IBM Watson Health, Intel Corporation, Koninklijke Philips N.V., General Electric, Stryker, Microsoft Corporation, CloudMedx Inc.
Global Artificial Intelligence in Healthcare Market: Segmental Analysis
The global Artificial Intelligence in Healthcare market has been segmented on the basis of component, application, technology, and end-users.
By mode of component, the healthcare AI market has been segmented into software, hardware, and services.
By mode of application, the healthcare AI market has been segmented into virtual nursing assistant, robot-assisted surgery, clinical trial, dosage error reduction, automated image diagnosis, and preliminary diagnosis. Among these, the robot-assisted surgery is predicted to occupy a significant share owing to the high flexibility and precision ensured by robot-assisted surgeries during performing complicated procedures.
By mode of technology, the healthcare AI market has been segmented into querying method, machine learning, and natural language processing. Among these, the machine-learning segment is predicted to experience the highest CAGR owing to the ability to handle multiple dimensional data while enabling a reduction in the process time cycle.
By mode of end-users, the global Artificial Intelligence in Healthcare market has been segmented into pharmaceutical & biotechnology companies, hospital & diagnostic centers, and academic & research laboratories. Among these, the hospitals & diagnostic centers occupy the largest market share owing to the extensive application of AI in diagnostic imaging and robotic surgeries.
This Healthcare Artificial Intelligence Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
This report covers Healthcare Artificial Intelligence Market from the bottom line, starting from its definition. Later, it segments the market on various criteria to give a depth of understanding on the various product types and pricing structures and applications. Each and every segment is examined carefully by factoring in sales, revenue and market size in order to understand the potential of growth and scope.
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Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of Healthcare Artificial Intelligence Market during the forecast period of 2019 to 2025 is well explained.
The major highlights of the global Healthcare Artificial Intelligence Market research report:
It offers a collection of prime information of the global market
Business profiles of leading key players, traders, and investor
Economic analysis of the global Healthcare Artificial Intelligence Market
Government regulations and political stability around the market.
Detailed analysis of client preferences and industry awareness
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