The Latest research study released by Absolute Markets Insights Artificial Intelligence in Healthcare Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.Global artificial intelligence in healthcare market is expanding at a CAGR of 48.29 % over the forecast period. Some of the Major Companies covered in this Research are: Bay Labs, Inc, CloudMedx Inc., Enclitic, General Electric, General Vision, Google Inc., IBM Corporation, iCarbonX, Intel Corporation, Koninklijke Philips, maxQ, Microsoft, Next IT Corp., Nvidia Corporation, Siemens Healthcare GmbH, Welltok amongst others
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Global Artificial Intelligence In Healthcare Market:
By Component
- Hardware
- Software
- Service
By Technology
- Querying Method
- Natural Language Processing
- Context Aware Processing
- Speech Recognition
- Decision Management
- Others (Biometrics, AI Modeling, Etc.)
By Application
- Robot assisted Surgery
- Virtual Nursing Assistants
- Administrative Workflow Assistance
- Fraud Detection, Connected Machines
- Clinical Trails
- Preliminary Diagnosis
- Others (Dosage Error Reduction, Cybersecurity, Etc.),
By End Users
- Healthcare Providers
- Pharmaceutical & Biotechnology Company
- Patient
- Payer
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Artificial intelligence is being significantly used for a range of healthcare & research purposes which finely consists of disease detection, healthcare delivery services, drug discovery and chronic condition management. It has been reported that as the geriatric population is increasing in some economies (such as the United Kingdom), the need for better access and quality of care is necessary for population aged over 100. Thus, the adoption of virtual health coaches & nurses along with AI- based clinical services for diagnosing illnesses at home is expected to proliferate the healthcare industry.
IBM Watson Care Manager System matches individuals with a care provider that meets their needs and is within their allocated care budget. The company aims to design individual care plans and offers insights for more effective use of care management resources. Alder Hey Children’s Hospital based in Liverpool is working with IBM Watson to create a cognitive hospital. This will include an app that will facilitate interactions with patients. This application usage is designed for identifying patient anxieties before a visit and helping clinicians to deliver proper treatment services to the targeted individuals.
AI is used to identify and analyze patterns faster and precisely in large complex datasets. The Institute of Cancer Research’s canSAR database duly combines clinical & genetic data from patients with information derived from scientific research. They use artificial intelligence technology to make predictions about the new discoveries about the cancer drugs. The development of Eve, an AI robot scientist by researchers enables the drug discovery processes to be both faster and economical in nature. The possible use of AI in clinical care includes medical imaging, echocardiography, screening for neurological conditions and surgery. Taking echocardiography as an instance, the Ultromics system, trialed at John Radcliffe Hospital used AI application for analyzing echocardiography scans, mainly for detecting heartbeat patterns and diagnose coronary heart disease. Robotic AI tools were used to carry out specific tasks in keyhole surgery that included tying knots to close wounds.
Artificial Intelligence in Healthcare Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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