Healthcare Artificial Intelligence Market 2022
The healthcare artificial intelligence market is expected to reach USD 44.5 billion by 2028, growing at a CAGR of 46.21%.
Several pharmaceutical companies are implementing innovative technologies to boost their growth in the global healthcare industry. Collaboration of GSK with Exscientia identified a small compound for targeted therapeutics and its characteristics towards the specific target using the AI platform. AI is becoming an incredible platform in the pharmaceutical industry. For instance, Novartis announced Microsoft as a strategic partner in AI and data science to set up an AI innovation lab. Since the last year, over 50+ companies have got machine learning and AI algorithms approvals. During the COVID-19 pandemic, AI played a significant role in the healthcare industry. An analytics study by Accenture combined with clinical applications demonstrated the potential of AI to reduce approximately USD 150 billion per annum by 2028 in the US healthcare system.
Healthcare Artificial Intelligence Market Segmentation
This research report includes a detailed segmentation by
Category
Application
Technology
End-user
Geography
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Healthcare Artificial Intelligence Market Segments
The software industry provides numerous services to the healthcare industry. With the advent of medical software, human errors are minimized in the global medical market. Using advanced software in healthcare enables the clinical experts to expertise their practices. Software providers are gaining huge opportunities in the Healthcare Artificial Intelligence market. Software development companies are constantly striving to improve the industry and bring innovations.
Market Segmentation by Application
Hospital Workflow Management
Medical Imaging and Diagnosis
Drug Discovery and Precision Medicine
Patient Management
Market Segmentation by Technology
Machine Learning
Querying Method
Natural Language Processing
Others
Market Segmentation by End-users
Healthcare Providers
Pharma-biotech and medical devices companies
Payers
Others
VENDOR ANALYSIS
Giant players are focusing on pursuing organic growth strategies to enhance their product portfolio in the Healthcare Artificial Intelligence market. Several initiatives by the players will complement growth strategies, which are gaining traction among end-users in the market. Rising growth of startups collaborating with key vendors in promoting their artificial intelligence in healthcare applications creating heavy competition in the market.
Key Players
- IBM (International Business Machines)
- Intel Corporation
- Medtronic
- Microsoft Corporation
- Nvidia Corporation
- Siemens Healthineers
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