Global Artificial Intelligence (AI) In Healthcare Market to Register 50.78% CAGR Through 2024

July 30, 2020

As per the report titled ‘Artificial Intelligence in Healthcare Market: World Market Analysis By Component, Technology End User, By Region, By Country (2019 Edition): Forecast to 2024 -- By End User (Healthcare Providers, Pharmaceutical Organizations, Others), By Region, By Country, available with Market Study Report LLC, global artificial intelligence (AI) in healthcare market is projected to accrue substantial gains, expanding with a CAGR of 50.78% over 2019-2024.

Recent economic, demographic, as well as technological enhancements have driven the digitalization of healthcare industry, thereby, promoting the growth of global artificial intelligence (AI) in healthcare market.

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Based on component type, global artificial intelligence (AI) in healthcare market is divided into hardware, software, and services. Among these, the software segment holds a commendable position in the market, while the services segment is slated to register decent growth in the ensuing years. On the basis of technology, the market is categorized into natural language processing, machine learning, and others.

Considering the end-user spectrum, global artificial intelligence in healthcare market is segmented into healthcare providers, pharmaceutical organizations, and others. Speaking of the regional landscape, the market is fragmented into North America (United States, Canada), Asia-Pacific (India, China), Europe (United Kingdom, Germany), and Rest of the World. Among these, North America held a notable regional share in the year 2018, cites the study. However, Asia-Pacific region is slated to register rapid growth in the approaching years owing to the vast customer base and significant enhancements in medical infrastructure in tandem with rapid economic growth.

Major companies operating in global artificial intelligence in healthcare market are IBM Watson Health, General Vision, Inc., Stryker Corporation, CloudMedx Inc., NVIDIA Corporation, DEEP Genomics, Next IT Corporation., General Electric Company, Microsoft Corporation, and Google LLC.

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