This Artificial Intelligence in Healthcare Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Artificial Intelligence in Healthcare Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Artificial Intelligence in Healthcare Market report will surely help you to a degree.
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Global artificial intelligence in healthcare market is expanding at a CAGR of 48.29 % over the forecast period. Bay Labs, Inc, CloudMedx Inc., Enclitic, General Electric, General Vision, Google Inc., IBM Corporation, iCarbonX, Intel Corporation, Koninklijke Philips, maxQ, Microsoft, Next IT Corp., Nvidia Corporation, Siemens Healthcare GmbH, Welltok amongst others
Global Artificial Intelligence In Healthcare Market:
By Component
- Hardware
- Software
- Service
By Technology
- Querying Method
- Natural Language Processing
- Context Aware Processing
- Speech Recognition
- Decision Management
- Others (Biometrics, AI Modeling, Etc.)
By Application
- Robot assisted Surgery
- Virtual Nursing Assistants
- Administrative Workflow Assistance
- Fraud Detection, Connected Machines
- Clinical Trails
- Preliminary Diagnosis
- Others (Dosage Error Reduction, Cybersecurity, Etc.),
By End Users
- Healthcare Providers
- Pharmaceutical & Biotechnology Company
- Patient
- Payer
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Artificial intelligence is being significantly used for a range of healthcare & research purposes which finely consists of disease detection, healthcare delivery services, drug discovery and chronic condition management. It has been reported that as the geriatric population is increasing in some economies (such as the United Kingdom), the need for better access and quality of care is necessary for population aged over 100. Thus, the adoption of virtual health coaches & nurses along with AI- based clinical services for diagnosing illnesses at home is expected to proliferate the healthcare industry. IBM Watson Care Manager System matches individuals with a care provider that meets their needs and is within their allocated care budget.
The company aims to design individual care plans and offers insights for more effective use of care management resources. Alder Hey Children’s Hospital based in Liverpool is working with IBM Watson to create a cognitive hospital. This will include an app that will facilitate interactions with patients. This application usage is designed for identifying patient anxieties before a visit and helping clinicians to deliver proper treatment services to the targeted individuals. AI is used to identify and analyze patterns faster and precisely in large complex datasets. The Institute of Cancer Research’s canSAR database duly combines clinical & genetic data from patients with information derived from scientific research.
They use artificial intelligence technology to make predictions about the new discoveries about the cancer drugs. The development of Eve, an AI robot scientist by researchers enables the drug discovery processes to be both faster and economical in nature. The possible use of AI in clinical care includes medical imaging, echocardiography, screening for neurological conditions and surgery. Taking echocardiography as an instance, the Ultromics system, trialed at John Radcliffe Hospital used AI application for analyzing echocardiography scans, mainly for detecting heartbeat patterns and diagnose coronary heart disease. Robotic AI tools were used to carry out specific tasks in keyhole surgery that included tying knots to close wounds.
Key Questions Answered with this Study
1) What makes Artificial Intelligence in Healthcare Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Artificial Intelligence in Healthcare market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Artificial Intelligence in Healthcare in next few years?
8) What is the impact analysis of various factors in the Artificial Intelligence in Healthcare market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Artificial Intelligence in Healthcare Market?
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