(PharmaNewsWire.Com, February 19, 2019 ) The global healthcare artificial intelligence market is segmented on the basis of offering, technology, application and end user. The offering segment includes, hardware, software and services. Based on technology, the healthcare artificial intelligence market is segmented as, deep learning, querying method, natural language processing and context aware processing. Based on application, the healthcare artificial intelligence market is segmented as, robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and others. Based on end user, the healthcare artificial intelligence market is classified into, healthcare provider, pharmaceutical & Biotechnology Company, patient, and payer.
According to a new market research study titled Healthcare Artificial Intelligence Market - Global Analysis and Forecasts By Type, Application and End User, the global Healthcare Artificial Intelligence market is expected to High Growth in 2025. The market is estimated to grow with a CAGR from 2019-2025. The report highlights the trends prevalent in the global Healthcare Artificial Intelligence market and the factors driving the market along with those that act as deterrents to its growth.
1. IBM Corporation, 2. NVIDIA Corporation, 3. Microsoft, 4. iCarbonX, 5. Next IT Corp., 6. CloudMedx Inc., 7. Atomwise Inc., 8. Zephyr Health Inc., 9. Deep Genomics Inc., 10. Medtronic
Artificial intelligence (AI) is creation of unique systems using algorithms and software that can perform certain tasks without human intervention and instructions. Artificial intelligence comprises integration of several technologies such as machine learning, natural language processing, reasoning, and perception. Artificial intelligence is used in healthcare for approximation of human cognition and analysis of complex medical and diagnostic imaging data.
Artificial intelligence has revolutionized the healthcare industry by designing treatment plans, medication management, assisting in repetitive tasks, and drug discovery. Increasing adoption of precision medicine has made enabled simplicity of management and cost reduction. Increasing application in genomics research coupled with incremental innovation in robotic personal digital assistants boost industry growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare artificial intelligence market based offering, technology, application and end user. It also provides market size and forecast till 2025 for overall Healthcare Artificial intelligence market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America is expected to be the largest and fastest-growing region in healthcare artificial intelligence market during the forecast period. The regulatory mandates for the use of Electronic Health Records (EHR), increasing focus on precision medicine, and strong presence of leading companies engaged in developing AI solutions for healthcare, and huge number of cross-industry collaborations and growing investments in the field of AI in healthcare are driving the growth of the market in North America.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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