Global Artificial Intelligence In Healthcare Market Report By Application (Medical Imaging & Diagnosis, Drug Discovery, Therapy Planning, Hospital Workflow, Wearables, Virtual Assistants And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11210984
July 2021
Report Formats:
Global Artificial Intelligence in Healthcare Market Overview

Artificial Intelligence (AI) is influencing many sectors, and healthcare is no exception. AI in healthcare refers to the use of complex algorithms to perform specific tasks in an automated fashion. The use of AI in healthcare can help healthcare providers in many aspects of patient care and administrative processes. When researchers, health practitioners, and scientists add data into computers, the newly built algorithms can review, interpret and even suggest solutions to complex medical issues by analyzing relationships between prevention or treatment techniques and patient outcomes. AI is poised to become a transformational factor in healthcare. The ability to gather data, process it, give a well-defined output to the end-user, distinguish AI technology from traditional healthcare technologies. AI offers many benefits over conventional analytics and clinical decision-making techniques from medical imaging & diagnosis, drug discovery, therapy planning, hospital workflow, wearables to virtual assistants. There are abundant opportunities to leverage technology, to deploy more precise, efficient, and impactful interventions at precisely the right moment in a patient’s care. The potential for this tech to transform the sector is massive.
According to Value Market Research, the global artificial intelligence in healthcare market size was valued at about USD 7 billion in 2020 and is estimated to grow at a CAGR of around 42% during the forecast period 2021 to 2027.

Global artificial intelligence in the healthcare market is anticipated to thrive with the rising need for improved healthcare services, enhanced capabilities, shortage of healthcare expertise, efforts towards reducing healthcare cost, and increasingly large and complex data set. Expanding geriatric population, growing burden of lifestyle diseases, rising awareness about AI technology, and increasing acceptance of AI tools across the sector are other factors amplifying market growth. Rapid research & development activities and growing investment to inculcate AI tools in the healthcare system also push growth forwards. However, limited acceptance from healthcare professionals owing to the risk of injury and misinterpretation may hamper the market growth.

Global artificial intelligence in healthcare market is becoming more fragmented. Alphabet Inc., Enlitic Inc, General Vision, iCarbonX, Intel Corporation, IBM Corporation, Microsoft Corporation, Nvidia Corporation, Next IT Corp, and Welltok Inc. are key players operating in the market. The market is witnessing many collaborations among providers and end-users.

Global Artificial Intelligence in Healthcare Market Share

In this research report, the Global Artificial Intelligence in Healthcare Market market is segmented by offerings, technology, application, end-use, and region.
 
Analysis, By Offerings:
By offerings, the global artificial intelligence in healthcare market is segmented into hardware and software. Software acquired a major chunk of the global artificial intelligence in healthcare market. AI is more about software than hardware. Software is a basic need for gaining AI technology benefits. Artificial Intelligence works by employing complex algorithms through software deployment. Companies are robustly launching software and AI tools for healthcare sectors. The hardware segment is estimated to swell with increasing funding and growing launch.
 
Analysis, By Technology:
By technology, the global artificial intelligence in healthcare market is fragmented into machine learning, natural language processing, context-aware computing, and computer vision. Machine learning is dominating the technology segment in the global market. Machine learning segment growth is augmenting due to its ability to process massive datasets beyond the scope of human capability and then reliably convert analysis into clinical insights that benefit physicians in planning and providing care leading to better outcomes.
 
Analysis, By Application:
By application, the global artificial intelligence in healthcare market is segmented into robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, connected machines, and others. Robot-assisted surgery is the most major application segment of global artificial intelligence in the healthcare market. The robot-assisted surgery segment is growing due to growing spending, technological advancement, and willingness to adopt new technology. Robot-assisted surgery enables surgeons to carry out complex surgical procedures and can integrate information from medical records with real-time operating metrics to guide and boost the instrument precision
 
Analysis, By End User:
By end-user, the global artificial intelligence in healthcare market is segmented into hospitals & healthcare providers, patients, pharmaceuticals & biotechnology companies, and others. Hospitals & healthcare providers are the largest end-user segment. Hospitals & healthcare providers are robustly adopting artificial intelligence due to the rising trend of telehealth, which includes telediagnosis, tele-assessment, telemonitoring, and tele-interactions. Pharmaceuticals & biotechnology companies are another prominent segment in the global artificial intelligence in healthcare market. Pharmaceuticals & biotechnology companies are making use of AI for research related to drug formulation and other therapies. The segment showed impressive growth in 2020 due to robust research activities taking place worldwide due to the global COVID-19 pandemic.  
 
Analysis, By Region:
Based on region, the global artificial intelligence in the healthcare market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is dominant in the global artificial intelligence in the healthcare market. The US held a majority share in North America as well as in the world. North America region is home to many leading providers and end-users. Expanding the aging population, increasing demand for improved diagnosis and treatment services and shrinking healthcare workforce drive regional growth. North American is robustly leveraging and planning to leverage healthcare AI for clinical decision support, dictation assistant or transcription, and diagnostics medical imaging, among others.
 
Market Segmentation covered in the Report:
By Offerings
  • Hardware
  • Software
 
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
  • Clinical Trial Participant Identifier
  • Connected Machines
  • Others (Preliminary Diagnosis, Automated Image Diagnosis, cybersecurity)
 
By End-User
  • Hospitals & Healthcare Providers
  • Patients
  • Pharmaceuticals & Biotechnology Companies
  • Healthcare Payers
  • Others
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
 
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.  

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . ARTIFICIAL INTELLIGENCE IN HEALTHCARE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Offerings
           3.7.2 By Technology
           3.7.3 By Application
           3.7.4 By End-User
           3.7.5 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET ANALYSIS BY OFFERINGS
       6.1 Overview by Offerings
       6.2 Historical and Forecast Data
       6.3 Analysis by Offerings
       6.4 Hardware Market by Regions
       6.5 Software Market by Regions
 
7 . GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET ANALYSIS BY TECHNOLOGY
       7.1 Overview by Technology
       7.2 Historical and Forecast Data
       7.3 Analysis by Technology
       7.4 Machine Learning Market by Regions
       7.5 Natural Language Processing Market by Regions
       7.6 Context-Aware Computing Market by Regions
       7.7 Computer Vision Market by Regions
 
8 . GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Robot-assisted Surgery Market by Regions
       8.5 Virtual Nursing Assistant Market by Regions
       8.6 Administrative Workflow Assistance Market by Regions
       8.7 Fraud Detection Market by Regions
       8.8 Dosage Error Reduction Market by Regions
       8.9 Clinical Trial Participant Identifier Market by Regions
       8.10. Connected Machines Market by Regions
       8.11 Others Market by Regions
 
9 . GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET ANALYSIS BY END-USER
       9.1 Overview by End-User
       9.2 Historical and Forecast Data
       9.3 Analysis by End-User
       9.4 Hospitals & Healthcare Providers Market by Regions
       9.5 Patients Market by Regions
       9.6 Pharmaceuticals & Biotechnology Companies Market by Regions
       9.7 Healthcare Payers Market by Regions
       9.8 Others Market by Regions
 
10 . GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET ANALYSIS BY GEOGRAPHY
       10.1. Regional Outlook
       10.2. Introduction
       10.3. North America
           10.3.1. Overview, Historic and Forecast Data
           10.3.2. North America By Segment
           10.3.3. North America By Country
           10.3.4. United State
           10.3.5. Canada
           10.3.6. Mexico
       10.4. Europe
           10.4.1. Overview, Historic and Forecast Data
           10.4.2. Europe by Segment
           10.4.3. Europe by Country
           10.4.4. United Kingdom
           10.4.5. France
           10.4.6. Germany
           10.4.7. Italy
           10.4.8. Russia
           10.4.9. Rest Of Europe
       10.5. Asia Pacific
           10.5.1. Overview, Historic and Forecast Data
           10.5.2. Asia Pacific by Segment
           10.5.3. Asia Pacific by Country
           10.5.4. China
           10.5.5. India
           10.5.6. Japan
           10.5.7. South Korea
           10.5.8. Australia
           10.5.9. Rest Of Asia Pacific
       10.6. Latin America
           10.6.1. Overview, Historic and Forecast Data
           10.6.2. Latin America by Segment
           10.6.3. Latin America by Country
           10.6.4. Brazil
           10.6.5. Argentina
           10.6.6. Peru
           10.6.7. Chile
           10.6.8. Rest of Latin America
       10.7. Middle East & Africa
           10.7.1. Overview, Historic and Forecast Data
           10.7.2. Middle East & Africa by Segment
           10.7.3. Middle East & Africa by Country
           10.7.4. Saudi Arabia
           10.7.5. UAE
           10.7.6. Israel
           10.7.7. South Africa
           10.7.8. Rest Of Middle East And Africa
 
11 . COMPETITIVE LANDSCAPE OF THE ARTIFICIAL INTELLIGENCE IN HEALTHCARE COMPANIES
       11.1. Artificial Intelligence In Healthcare Market Competition
       11.2. Partnership/Collaboration/Agreement
       11.3. Merger And Acquisitions
       11.4. New Product Launch
       11.5. Other Developments
 
12 . COMPANY PROFILES OF ARTIFICIAL INTELLIGENCE IN HEALTHCARE INDUSTRY
       12.1. Company Share Analysis
       12.2. Market Concentration Rate
       12.3. Alphabet Inc.
           12.3.1. Company Overview
           12.3.2. Financials
           12.3.3. Products
           12.3.4. Recent Developments
       12.4. Enlitic Inc.
           12.4.1. Company Overview
           12.4.2. Financials
           12.4.3. Products
           12.4.4. Recent Developments
       12.5. General Vision
           12.5.1. Company Overview
           12.5.2. Financials
           12.5.3. Products
           12.5.4. Recent Developments
       12.6. iCarbonX
           12.6.1. Company Overview
           12.6.2. Financials
           12.6.3. Products
           12.6.4. Recent Developments
       12.7. Intel Corporation
           12.7.1. Company Overview
           12.7.2. Financials
           12.7.3. Products
           12.7.4. Recent Developments
       12.8. IBM Corporation
           12.8.1. Company Overview
           12.8.2. Financials
           12.8.3. Products
           12.8.4. Recent Developments
       12.9. Microsoft Corporation
           12.9.1. Company Overview
           12.9.2. Financials
           12.9.3. Products
           12.9.4. Recent Developments
       12.10. Nvidia Corporation
           12.10.1. Company Overview
           12.10.2. Financials
           12.10.3. Products
           12.10.4. Recent Developments
       12.11. Next IT Corp
           12.11.1. Company Overview
           12.11.2. Financials
           12.11.3. Products
           12.11.4. Recent Developments
       12.12. Welltok Inc.
           12.12.1. Company Overview
           12.12.2. Financials
           12.12.3. Products
           12.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Offerings (USD MN)
  •  Hardware Market by Geography (USD MN)
  •  Software Market by Geography (USD MN)
  •  Analysis Market by Technology (USD MN)
  •  Machine Learning Market by Geography (USD MN)
  •  Natural Language Processing Market by Geography (USD MN)
  •  Context-Aware Computing Market by Geography (USD MN)
  •  Computer Vision Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Robot-assisted Surgery Market by Geography (USD MN)
  •  Virtual Nursing Assistant Market by Geography (USD MN)
  •  Administrative Workflow Assistance Market by Geography (USD MN)
  •  Fraud Detection Market by Geography (USD MN)
  •  Dosage Error Reduction Market by Geography (USD MN)
  •  Clinical Trial Participant Identifier Market by Geography (USD MN)
  •  Connected Machines Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by End-User (USD MN)
  •  Hospitals & Healthcare Providers Market by Geography (USD MN)
  •  Patients Market by Geography (USD MN)
  •  Pharmaceuticals & Biotechnology Companies Market by Geography (USD MN)
  •  Healthcare Payers Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Artificial Intelligence In Healthcare Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Artificial Intelligence In Healthcare Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Artificial Intelligence In Healthcare Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Offerings
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by End-User
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Offerings (USD MN)
  •  Hardware Market by Geography (USD MN)
  •  Software Market by Geography (USD MN)
  •  Global Market Analysis by Technology (USD MN)
  •  Machine Learning Market by Geography (USD MN)
  •  Natural Language Processing Market by Geography (USD MN)
  •  Context-Aware Computing Market by Geography (USD MN)
  •  Computer Vision Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Robot-assisted Surgery Market by Geography (USD MN)
  •  Virtual Nursing Assistant Market by Geography (USD MN)
  •  Administrative Workflow Assistance Market by Geography (USD MN)
  •  Fraud Detection Market by Geography (USD MN)
  •  Dosage Error Reduction Market by Geography (USD MN)
  •  Clinical Trial Participant Identifier Market by Geography (USD MN)
  •  Connected Machines Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by End-User (USD MN)
  •  Hospitals & Healthcare Providers Market by Geography (USD MN)
  •  Patients Market by Geography (USD MN)
  •  Pharmaceuticals & Biotechnology Companies Market by Geography (USD MN)
  •  Healthcare Payers Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

Why Choose Us

Client First Policy
Excellent Quality
Robust After Sales Support
24/7 Email Support

Clients

Testimonials