As
per the medical report “Artificial Intelligence in Healthcare Market Size By Application (Medical Imaging & Diagnosis, Drug
Discovery, Therapy Planning, Hospital Workflow), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China,
India, Japan, Australia, Brazil, Mexico, South Africa), Growth Potential,
Competitive Market Share & Forecast, 2017 - 2024”, by Global Market
Insights, Inc. says, artificial intelligence in healthcare market is expected
to grow at an explosive CAGR of 40% over the period of 2017-2024.
With
the evolving digital capacity, artificial intelligence in healthcare market is
turning out to be a major game-changer for the overall healthcare fraternity.
Growing usage of big data coupled with rising adoption of precision medicine is
further expected to drive artificial intelligence in healthcare industry. AI is
widely adopted in the field of medical imaging, genomics, drug discovery to
provide relevant insights pertaining to patient data monitoring, research, and
risk analysis. The vast healthcare data have resulted into growing demand and
need for AI technology.
Artificial intelligence in healthcare market finds its potential
application in drug discovery, as AI plays a vital role in drug identification,
discovery, screening, and design. The drug discovery application held 35% of
the overall market share and is expected to attain gains at 40% over 2017-2024,
collecting revenue worth USD 4 billion by 2024. Moreover, AI is also gaining
prominence in medical imaging to improve the cancer diagnosis at an early
stage. Artificial intelligence in healthcare market from the medical imaging and diagnosis
application is projected to exceed a revenue generation of USD 2.5 billion by
2024.
Browse key
industry insights spread across 105 pages with 35 market data tables & 8
figures & charts from this 2017 report Artificial
Intelligence in Healthcare Market in detail along with the table of
contents at:
Below are the key geographical insights influencing
the industry growth:
US region to
grow at 35% driven by Federal authorities are encouraging the use of data
analytics to transform US healthcare systems, which in turn is driving the
regional artificial intelligence in healthcare industry.
Europe region to grow at 39% driven by Favourable
business environment and intensive research activities carried out by the
industry players to develop cost effective solutions is fuelling the regional artificial
intelligence in healthcare market growth.
China region is driven by growing
prevalence of chronic diseases and rising geriatric population have encouraged
regional authorities to harness the AI technology and improve healthcare
delivery. Rapid adoption of big data is poised to boost the regional growth,
witnessing 45% growth in forecast time.
Japan is a technological hub with the
presence of several healthcare companies and universities. Growing focus on
research & development of healthcare AI is likely to favour the regional
market expansion with 40% from 2017 to 2024.
The Brazil artificial intelligence in healthcare
market is fuelled by rising awareness toward the perks of AI technology coupled
with favorable regulatory landscape will accelerate the demand for healthcare
artificial intelligence industry. To foresee the growth of 40% during the forecast
time period.
AI has significantly disrupted the traditional medical
approach and is likely to transform the healthcare delivery model over the
coming years. The industry is witnessing robust participation of the start-ups
which depicts the huge commercialization the market is set to attain. In addition, the established players such as
IBM, Microsoft, Cyrcadia Health, and Google are investing heavily to unleash
the potential of artificial intelligence in healthcare industry. As per the
estimates, the market is slated to exceed a valuation of USD 10 billion by
2024.
Browse Related
Report:
Healthcare Analytics Market Size By
Product (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics),
By Application (Operations Management, Financial Management, Population Health
Management, Clinical Management), By End-Use (Hospitals, Clinics, Physicians,
Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK,
France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico,
South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market
Share & Forecast, 2017 – 2024
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Phone: 1-302-846-7766
Email: sales@fractovia.org
Web: https://www.fractovia.org
Contact Us: Facebook | Twitter
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