November 05, 2019
According to the latest study titled ‘Artificial Intelligence in Healthcare Market: World Market Analysis By Component (Hardware, Software, Services), Technology (Natural Language Processing, Machine Learning), End User, By Region, By Country (2019 Edition): Forecast to 2024 -- By End User (Healthcare Providers, Pharmaceutical Organizations, Others), By Region (North America, Europe, APAC, ROW), By Country (U.S, Canada, UK, Germany, China, India)’ available at MarketStudyReport.com, the artificial intelligence in healthcare market is estimated to grow with a CAGR of 50.78% through 2024.
The deployment of artificial intelligence in healthcare apart from providing diagnosis of medical procedures also helps in development of drugs and monitoring patients. A list of economical, technological, as well as environmental factors have been inciting a digital revolution in the healthcare market. Rising investments in research and development projects associated with AI in healthcare by key players have been driving the growth of artificial intelligence in healthcare market.
The study encompasses details about segmental shares, and expansion strategies adopted by manufacturers, alongside the challenges, drivers, trends, and restraints impacting the market growth.
Based on equipment type, the artificial intelligence in healthcare market is segmented into services, hardware, and software. While based on end-user type, the industry is split into pharmaceutical organizations, healthcare providers and others. Speaking of technology spectrum, the artificial intelligence in healthcare market is categorized into natural language processing, and machine learning and others.
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Considering the geographical landscape, the artificial intelligence in healthcare market is fragmented into four major regions such as Europe, North America, Asia Pacific and rest of the world, with a key focus on countries like Canada, U.S, United Kingdom, Germany, India, and China. North America registered the largest share in artificial intelligence in healthcare market in 2018, claims the report. However, the Asia Pacific region is estimated to emerge as lucrative region in the predicted time period.
The key players of artificial intelligence in healthcare market are Google, Stryker Corporation, IBM Watson Health, General Electric, NVIDIA Corporation, General Vision, Next IT Corp., CloudMedx Inc., Microsoft Corporation, and DEEP Genomics.
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