Artificial Intelligence in Healthcare Market Analysis 2024-2032, Industry Size, Share, Trends and Forecast

The latest report by IMARC Group, titled “Artificial Intelligence in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global artificial intelligence in healthcare market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.2 Billion by 2032, exhibiting a growth rate (CAGR) of 27.4% during 2024-2032.

Artificial Intelligence (AI) in the healthcare sector uses numerous software programs with intricate algorithms to replicate human senses to interpret, analyze, and understand medical data. They help to evaluate disease patterns and symptoms and offer healthcare providers improved support, guidance, and feedback. In addition, they are employed to manage and analyze data to perform clinical diagnoses and suggest appropriate treatment plans for any illnesses. They also contribute to drug development, treatment plans, personalized medicine, and patient monitoring. As a result, AI in the healthcare sector is widely used by, pharmaceutical and biotechnology companies, and healthcare providers.  

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/artifical-intelligence-healthcare-market/requestsample

Artificial Intelligence in Healthcare Market Trends and Drivers:

The market is primarily driven by the increasing incidences of chronic illnesses. In addition, the escalating demand for robots for surgical and rehabilitation procedures due to the rising demand for minimally invasive (MI) surgeries in orthopedic, neurologic, and laparoscopic procedures are contributing to the market growth. Moreover, the emergence of artificial intelligence (AI) has revolutionized the drug discovery process, making it more innovative, cost-effective, and time-efficient. Additionally, the integration of machine learning (ML) algorithms to correctly predict diseases in their early stage based on historical health datasets represents another major growth-inducing factor. Besides this, the rapid digitalization in the healthcare sector, the growing geriatric population, and their dependence on healthcare services are accelerating the product adoption rate. Furthermore, extensive research and development (R&D) activities and the implementation of various favorable healthcare policies by several governments are also creating a positive market outlook. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Offering:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Machine Learning
  • Context Aware Computing
  • Natural Language Processing
  • Others

Breakup by Application:

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

Breakup by End-User:

  • Healthcare Providers
  • Pharmaceutical and Biotechnology Companies
  • Patients
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Amazon Web Services Inc.
  • Cloudmedx Inc.
  • DeepMind
  • Enlitic Inc.
  • General Vision Inc.
  • Google Inc.
  • International Business Machines
  • iCarbonX
  • Intel Corporation
  • Medtronic
  • Micron Technology Inc.
  • Microsoft Corporation
  • Next It Corporation
  • Nuance Communications Inc.
  • Nvidia Corporation
  • Siemens Healthcare
  • Welltok Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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