FELTON, California,
Jan. 21, 2020 /PRNewswire/ -- The
global Artificial Intelligence (AI) in Healthcare Market
scope was projected at US$ 2.5
billion in 2018. It is likely to reach US$ 31.3 billion by 2025 with a CAGR of 41.5%
during the prediction period.
Drivers:
The increasing necessity for pull down the prices of healthcare,
increasing significance of big data in healthcare, increasing
implementation of precision medication, and decreasing the prices
of hardware are some features motivating the development of the
global artificial intelligence in healthcare market. Additionally,
growing applicability of artificial intelligence centered tools in
therapeutic care and growth in project capital investments can be
credited to the gush in demand for this equipment. Such as, Care
Predict, Inc. utilizes technology of artificial intelligence to
observe alterations in performance patterns and movement for timely
discovery of fitness problems.
Growing number of cross-industry corporations is projected to
increase the acceptance of artificial intelligence in the sector of
healthcare. This is additionally accountable for its rewarding rate
of development. GNS Healthcare came into a cross-industry
corporation with Amgen and Alliance for clinical trials in
oncology, in September 2018. The
group effort was intended at put on information from clinical
trials and artificial intelligence to recognize issues that
accelerate the reactions of treatment in metastatic Colorectal
Cancer (CRC) patients.
Implementation of artificial intelligence in healthcare is
increasing, by way of growth in emphasis on refining class of
patient care by way of applying artificial intelligence in numerous
features of healthcare services, for example surgeries &
cybernetic supporters. The artificial intelligence centered
apparatuses, for example support systems of clinical decision &
software for voice recognition, assistance in restructuring of
workflow procedures in hospitals and refining medicinal care, by
this means increasing patient experience.
The combination of artificial intelligence in healthcare has a
number of paybacks for together providers of healthcare along with
patients. For example, artificial intelligence permits custom-made
attention, on the basis of fitness disorder and previous medicinal
history. Furthermore, artificial intelligence centered apps can be
utilized for nonstop observing of wellbeing. Sequentially this
would guarantee appropriate treatment & care and can ultimately
decrease the stay in hospital.
Get Sample PDF and read more details about
the "Artificial Intelligence (AI) in Healthcare
Market" Report 2025.
Classification:
The global artificial intelligence (AI) in healthcare industry
can be classified by Application, Component and Region. By
Application it can be classified as Dosage Error Reduction, Fraud
Detection, Diagnosis, Administrative Workflow Assistants,
Robot-assisted Surgery, Cybersecurity, Clinical Trials, Connected
Machines, and Virtual Assistants. By Component, it can be
classified as Software, Hardware and Services.
Regional Lookout:
By Region the global AI in healthcare market can be classified
as North America, Europe, Asia
Pacific, Latin America, and
Middle East & Africa. North
America ruled the global market for artificial intelligence
in healthcare in 2018. Obtainability of capital for increasing
proficiencies of artificial intelligence, increasing acceptance of
healthcare IT solutions and deep-rooted sector of healthcare are
some of the reasons funding to the development of the market within
the region. The U.S.A detained the
biggest share of income in North
America, and is expected to keep up its place during the
period of forecast. Progressions in technology and growing
inventiveness by the government are helping acceptance of digital
display place in life sciences, this can moreover be credited to
this share.
Asia Pacific is likely to
appear such as the speedily developing region. Refining
infrastructure for healthcare IT, increasing number of startups for
artificial intelligence and progressively growing acceptance of
progressive technologies are some of the reasons donating to the
development of the artificial intelligence in healthcare industry.
Growth in number of government inventiveness for the technology of
artificial intelligence (AI) within this region is likewise
projected to support the development. South Korea, the Ministry of Science and ICT
declared in March 2019, that it would
initiate an experimental service of artificial intelligence
centered accuracy medication facility known as Dr. Answer, in
December 2019.
Companies:
Partnerships with other contestants of the business, diversity
in services and more funds for the activities of Research &
Development are some the important policies accepted by these
companies for attaining the reasonable advantage. IBM Corporation
declared a 10-year partnerships with Brigham Women's Hospital and Vanderbilt University Medical Center comprising an
investment of US$ 50 million for the
research of artificial intelligence, in February 2019.
Some of the important companies for AI in healthcare industry
are: DeepMind Technologies Limited, Microsoft, NVIDIA Corporation,
Intel Corporation, Nuance Communications, Inc., and IBM
Corporation.
Browse 120 page research report with TOC on "Global
Artificial Intelligence (AI) in Healthcare Market" at:
https://www.millioninsights.com/industry-reports/artificial-intelligence-ai-in-healthcare-market
Market Segment:
- Artificial Intelligence in Healthcare Component Outlook
(Revenue, USD Million, 2014 - 2025)
-
- Software Solutions
- Hardware
- Services
- Artificial Intelligence in Healthcare Application Outlook
(Revenue, USD Million, 2014 - 2025)
-
- Robot Assisted Surgery
- Virtual Assistants
- Administrative Workflow Assistants
- Connected Machines
- Diagnosis
- Clinical Trials
- Fraud Detection
- Cybersecurity
- Dosage Error Reduction
- Artificial Intelligence in Healthcare Regional Outlook
(Revenue, USD Million, 2014 - 2025)
-
- North America
-
- Europe
-
- U.K.
- Germany
- Spain
- Italy
- Russia
- France
- Asia Pacific
-
- Australia
- Japan
- South Korea
- India
- China
- Singapore
- Latin America
-
- Middle East & Africa
-
- South Africa
- UAE
- Saudi Arabia
Browse reports of similar category available with Million
Insights:
- Wellness Tourism Market
- Medical Holography Market
- Women's Health App Market
- Workplace Stress Management Market
About Million Insights:
Million Insights, is a distributor of market research reports,
published by premium publishers only. We have a comprehensive
market place, that will enable you to compare data points, before
you make a purchase. Enabling informed buying, is our motto and we
strive hard to ensure that our clients get to browse through
multiple samples, prior to an investment. Service flexibility &
the fastest response time are two pillars, on which our business
model is founded. Our market research report store, includes
in-depth reports, from across various industry verticals, such as
healthcare, technology, chemicals, food & beverages, consumer
goods, material science & automotive.
Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web:
https://www.millioninsights.com/
Blog:
https://millioninsights.blogspot.com/
View original
content:http://www.prnewswire.com/news-releases/artificial-intelligence-in-healthcare-market-to-witness-steady-growth-based-on-rising-significance-of-big-data-in-healthcare-sector-till-2025--million-insights-300990064.html
SOURCE Million Insights