A recent report by KD market insights titled as “Artificial Intelligence in Healthcare Market Size, Trends & Opportunity Outlook – Forecast to 2023” provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2017-2023. The study also provides the Artificial Intelligence in Healthcare Market. competitors share and region wise analysis around the globe. 

Artificial intelligence assists the machines to perform any task without human interventions. It uses different algorithms and software that help the machine to inculcate perception and reasoning for various situations. AI is widely applicable in the healthcare sector for various purposes such as drug discovery and precision medicine. In addition, it is used to analyze patients medical data, to predict disease onset, and personalize treatment provided to the patient. The global AI market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.0% from 2017 to 2023.

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The AI market is segmented based on offering, technology, application, end user, and geography. On the basis of offering, the market is divided into hardware, software, and services. By technology, it is classified into deep learning, querying method, natural language processing, and context aware processing. Applications covered in the study include robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. According to end user, the market is categorized into healthcare provider, pharmaceutical & biotechnology company, patient, and payer Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market growth is driven by rise in adoption rate of AI systems and delete technological advancements in the AI field. In addition, the ability of these systems to improve patient outcomes, increase in adoption of precision medicine, and increase in need for coordination between healthcare workforce & patients are expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to hinder the market growth.

KEY BENEFITS FOR STAKEHOLDERS

– This report offers a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
– The market estimations provided are based on comprehensive analysis of the key developments in the industry.
– In-depth geographical analysis facilitates to analyze the regional market to assist in strategic business planning.
– The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

KEY PLAYERS

– Welltok, Inc.
– Intel Corporation
– Nvidia Corporation
– Google Inc.
– IBM Corporation
– Microsoft Corporation
– General Vision, Inc.
– Enlitic, Inc.
– Next IT Corporation
– iCarbonX

KEY MARKET SEGMENTS

By Offering

– Hardware
– Software
– Service

By Technology

– Deep Learning
– Querying Method
– Natural Language Processing
– Context Aware Processing

By Application

– Robot-assisted Surgery
– Virtual Nursing Assistant
– Administrative Workflow Assistance
– Fraud Detection
– Dosage Error Reduction
– Clinical Trial Participant Identifier
– Preliminary Diagnosis
– Others

By End User

– Healthcare Provider
– Pharmaceutical & Biotechnology Company
– Patient
– Payer

By Geography

North America
– U.S.
– Canada
– Mexico
Europe
– Germany
– France
– UK
– Italy
– Spain
– Rest of Europe
Asia-Pacific
– Japan
– China
– Australia
– India
– South Korea
– Taiwan
– Rest of Asia-Pacific
LAMEA
– Brazil
– Turkey
– Saudi Arabia
– South Africa
– Rest of LAMEA

The other players of the artificial intelligence in healthcare market include (companies not profiled in the report):

– Shimadzu Recursion Pharmaceuticals, Inc.
– Siemens Healthineers
– General Electric (GE) Company
– Koninklijke Philips N.V.
– Cloudmedx, Inc.
– Bay Labs, Inc.

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Table Of Content:

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools & models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.4. REGULATION AND REIMBURSEMENT SCENARIO

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increasing processing power of AI systems leading to better AI capabilities

3.5.1.2. Dearth of skilled healthcare professionals

3.5.2. Restraints

3.5.2.1. Limitations of AI decision-making

3.5.2.2. Limited acceptance from healthcare professionals owing to risk of injury and misinterpretation

3.5.3. Opportunities

3.5.3.1. Application of AI for novel surgeries and screening

3.5.3.2. Untapped market in developing regions

CHAPTER 4 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERING

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. HARDWARE

4.2.1. Key market trends

4.2.2. Key growth factors and opportunities

4.2.3. Market size and forecast

4.3. SOFTWARE

4.3.1. Key market trends

4.3.2. Key growth factors and opportunities

4.3.3. Market size and forecast

4.4. SERVICES

4.4.1. Key market trends

4.4.2. Key growth factors and opportunities

4.4.3. Market size and forecast

CHAPTER 5 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. DEEP LEARNING

5.2.1. Market size and forecast

5.3. QUERYING METHOD

5.3.1. Market size and forecast

5.4. NATURAL LANGUAGE PROCESSING

5.4.1. Market size and forecast

5.5. CONTEXT AWARE PROCESSING

5.5.1. Market size and forecast

CHAPTER 6 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. ROBOT ASSISTED SURGERY

6.2.1. Market size and forecast

6.3. VIRTUAL NURSING ASSISTANTS

6.3.1. Market size and forecast

6.4. ADMINISTRATIVE WORKFLOW ASSISTANCE

6.4.1. Market size and forecast

6.5. FRAUD DETECTION

6.5.1. Market size and forecast

6.6. DOSAGE ERROR REDUCTION

6.6.1. Market size and forecast

6.7. CLINICAL TRIAL PARTICIPANT IDENTIFIER

6.7.1. Market size and forecast

6.8. PRELIMINARY DIAGNOSIS

6.8.1. Market size and forecast

6.9. OTHER APPLICATION

6.9.1. Market size and forecast

CHAPTER 7 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. HEALTHCARE PROVIDERS

7.2.1. Market size and forecast

7.3. PHARMACEUTICALS AND BIOTECHNOLOGY COMPANIES

7.3.1. Market size and forecast

7.4. PATIENTS

7.4.1. Market size and forecast

7.5. PAYERS

7.5.1. Market size and forecast

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