Artificial Intelligence in Healthcare Market 2024 Industry

Artificial Intelligence in Healthcare Market is poised to reshape the future of healthcare delivery on a global scale

Artificial Intelligence in Healthcare Market Overview:

In a remarkable development, the Artificial Intelligence in Healthcare Market is set for unprecedented growth, projected to soar from USD 19.68 billion in 2023 to a staggering USD 183.56 billion by 2030, driven by a robust CAGR of 37.57%. This surge underscores AI’s transformative impact on healthcare, reshaping diagnostics, treatment, and patient outcomes worldwide.

AI’s integration into healthcare is not just a trend but a revolution. With 86% of healthcare entities leveraging AI technologies, including providers, life sciences firms, and tech innovators, the sector is witnessing a paradigm shift. This innovation empowers patients to manage their health actively through AI-enabled consumer devices, fostering healthier lifestyles and informed decision-making. One of the pivotal applications driving this growth is AI’s role in disease analysis, notably in breast cancer screening. By significantly reducing false positives in mammograms and enhancing diagnostic accuracy to 99%, AI promises to minimize unnecessary procedures and alleviate patient anxiety.

Moreover, AI’s economic impact is profound, with potential annual savings in healthcare costs ranging from USD 200 billion to USD 360 billion. This efficiency stems from AI’s ability to streamline processes, improve diagnosis accuracy, and optimize treatment protocols, thereby enhancing patient care and operational efficiency across the healthcare spectrum.

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Artificial Intelligence in Healthcare Market Report Scope and Research Methodology:

The Market report delivers a comprehensive qualitative and quantitative analysis, covering market size, share by region and segmentations, pricing analysis, demand-supply gap analysis, and detailed competitive landscape, along with PESTLE and PORTER analysis which provides detailed market dynamics. It includes detailed information on mergers and acquisitions, investment, and expansion plans by key competitors, providing a thorough understanding of the market’s current state and future projections. The report’s segment analysis highlights the potential of different market segments, offering investors valuable insights into the industry’s future. It examines factors expected to impact the market both positively and negatively, ensuring a balanced perspective.

For the competitive analysis, the report profiles market leaders, followers, and new entrants in the industry, detailing their strategies, revenue, partnerships, and joint ventures. This offers a clear view of the competitive landscape. Both top-down and bottom-up approaches were employed to estimate the market size. Secondary research is extensively used to gather the information. Industry reports, government databases, corporate filings, academic research, and online databases, are some of the major secondary sources used in the Artificial Intelligence in Healthcare market study. This secondary data was then validated through primary research, to enhance the credibility and robustness of the findings. The comprehensive nature of this report provides stakeholders with essential insights into market dynamics and future trends.

Artificial Intelligence in Healthcare Market Regional Insights:

North America leads the charge in AI adoption within healthcare, commanding over 51% of the market share in 2023. With advanced healthcare infrastructure and a robust AI ecosystem, the region is at the forefront of integrating AI into personalized medicine and clinical workflows.

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Artificial Intelligence in Healthcare Market Segmentation:

By Offering

Hardware
Software
Services

By Technology

Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision

By Application

Robot-Assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Medical Imaging & Diagnosis

By End-User

Hospitals & Healthcare Providers
Pharmaceutical & Biotechnology Company
Healthcare Payers
Patients
Others

Artificial Intelligence in Healthcare Market Key Players:

1. IBM Watson Health (USA)
2. Google Health (USA)
3. Microsoft Healthcare (USA)
4. Nvidia Corporation (USA)
5. General Electric (USA)
6. Siemens Healthineers (Germany)
7. Philips Healthcare (Netherlands)
8. Medtronic (USA)
9. Cerner Corporation (USA)
10. Amazon Web Services (USA)
11. Tempus Labs (USA)
12. Ada Health (Germany)
13. Butterfly Network (USA)
14. Babylon Health (UK)
15. Zebra Medical Vision (Israel)
16. GE Healthcare (USA)
17. Arterys (USA)
18. Viz.ai (USA)
19. Insilico Medicine (USA)
20. BenevolentAI (UK)

Future Outlook:

This exponential growth trajectory in AI healthcare marks a watershed moment in the industry’s evolution, heralding a future where technology not only enhances but fundamentally transforms the quality and accessibility of healthcare services globally.

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Table of Content: Artificial Intelligence in Healthcare Market:

• The Big Picture: Market size, overview, and key points.
• Our Focus: Specific areas, timeframe, and scope we’ll explore.
• Market Players: Who are the big businesses and up-and-comers?
• Market Size: How much money is flowing in this market?
• Market Breakdown: Different types of products/services and their segments.
• Competition Check: How easy (or tough) is it to compete in this market?
• Who’s Buying?: Understanding the customer base and their needs.
• Global Market: How does this market differ around the world?
• Decision Time: Making informed choices in this market.
• Market Shifts: What’s driving changes in the market?
• Future Look: Emerging trends that will shape the market.
• The Sellers: Who are the major companies selling in this market?
• Competition Analysis: Strengths and weaknesses of the key players.

Key questions answered in the Artificial Intelligence in Healthcare Market are:

• What is Artificial Intelligence in Healthcare?
• What was the Artificial Intelligence in Healthcare market size in 2023?
• What is the growth rate of the Artificial Intelligence in Healthcare Market?
• Which are the factors expected to drive the Artificial Intelligence in Healthcare market growth?
• What are the different segments of the Artificial Intelligence in Healthcare Market?
• What growth strategies are the players considering to increase their presence in Artificial Intelligence in Healthcare?
• What are the upcoming industry applications and trends for the Artificial Intelligence in Healthcare Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Intelligence in Healthcare Market?
• What is the demand pattern of the Artificial Intelligence in Healthcare Market?
• What major challenges could the Artificial Intelligence in Healthcare Market face in the future?
• What segments are covered in the Artificial Intelligence in Healthcare Market?
• Who are the leading companies and what are their product portfolios in the Artificial Intelligence in Healthcare Market?
• What segments are covered in the Artificial Intelligence in Healthcare Market?
• Who are the key players in the Artificial Intelligence in Healthcare market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2023-2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
o Competitive landscape – Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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