Healthcare Artificial Intelligence Market is Anticipated to Reach USD 12.22 Billion by 2027 at 51.9% CAGR

Mon Apr 11, 2022 - 4:00pm GMT+0000

United States – March 29, 2022

Healthcare Artificial Intelligence Market Overview

The healthcare artificial intelligence market is expected to grow at 51.9% CAGR from 2020 to 2027. The worth of the market is now assumed to be USD 12.22 Billion by 2027, predicted by Market Research Future (MRFR).

The healthcare artificial intelligence market is known to offer ample advantages to cut down the healthcare price while advancing the power of the cutting and even lessening the price in the hardware. There has been many partnership and collaborations that have escalated the number between different domains in the healthcare ecosystem which was blended with the heightened required for improving the healthcare services quality.

The AI tool further has also increased the use for senior citizen’s care where the focus is more on the discovery of the drug to fight against the pandemic crises and even has the potential to grow in imaging and diagnostics areas.

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The AI and robotics will reduce the transmission risk of coronavirus as the human interaction educes. This protects the frontline personnel and even the healthcare staff in a major number. The technique used by many pharmaceutical firms is expected to boost the vaccine speed and process of the drug product for the COVID 19 which is crucial development pumping up the growth of the healthcare artificial intelligence market.

Healthcare Artificial Intelligence Market Segmentation

The segmentation of the Artificial Intelligence Market at the global platform is done as per the technology, application, part, and end-user.

  • By Components

Healthcare AI Components are segmented broadly in software hardware and services. The hardware segment is likely to see a hike at a CAGR of 52.4 percent in the review phase.

  • By Applications

AI in Healthcare market Applications is segmented in a clinical trial, nursing assistant and even dosage error reduction along with robot-assisted surgery. Precision and accuracy are promised especially in complicated operations.

  • By Technology

The employment of the technology in the AI market is a segment in natural language process, machine learning and querying method.

  • By End-Use

AI in healthcare market end-uses is categorized in the pharmaceutical & biotechnology companies, academic & research laboratories, and also hospitals & diagnostic centres with fast growth in CAGR at 52.7 percent in the forecast timeline.

Healthcare Artificial Intelligence Market Regional Classification

America is known to have a high AI market in the healthcare department and soon shall grow with a better sustentation over the certain phase.

Europe is known to be growing in the R&D activities in the healthcare AI and is quite close to that of the Americas.

There has also been a rapid growth in the Asia pacific market that soon shall experience further growth in the forecast period at52.4 percent CAGR.

Industry News

DarioHealth has now entered a contract with Sanofi for USD 30 million agreements to go ahead with the commercial presence in the digital therapeutic solution range

A well-known software firm Sirona Medical has acquired Nines Radiology’s AI division. Nines Radiology’s AI division offers the lung nodule algorithm as per the AI for quick respiratory illness detection.

Healthcare Artificial Intelligence Market Key Players

The top key players in the healthcare artificial intelligence market are

  • CloudMedx Inc
  • General Vision
  • NVIDIA Corporation
  • Stryker
  • Koninklijke Philips N.V
  • Google
  • Microsoft Corporation
  • IBM Watson Health
  • Next IT Corp
  • Intel Corporation

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