Artificial Intelligence in Healthcare Market Will Reach USD 27.6 Billion by 2025: Meticulous Research®

Global Healthcare Artificial Intelligence Market 2018-2025, provides pin-point analysis for changing competitive dynamics.The report covers market landscape and its growth prospects over the coming years. It also includes a discussion of the key vendors operating in this market.

Pune, India - May 13, 2019 /MarketersMedia/ —

Artificial Intelligence in Healthcare Market Will Reach USD 27.6 Billion by 2025: Meticulous Research®
Artificial intelligence in healthcare market has shown strong growth pattern in recent year’s majorly due to rising funding in healthcare artificial intelligence, growing demand of precision medicines, effective cost reduction in the healthcare expenditure, and accurate & early diagnosis of the chronic diseases and disorders. In addition, ability of artificial intelligence in healthcare to improve patient outcomes, growing potential of AI-based tools for geriatric patients and high growth prospects in emerging economies offer significant growth opportunity in this market.

Meticulous Research® in its latest publication on artificial intelligence in healthcare market states that the global artificial intelligence in healthcare market will increase at a CAGR of 43.5% from 2019 to 2025 to reach USD 27.6 billion by 2025. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to established IT infrastructure in healthcare, presence of innovative software vendors and venture capitalists, rising adoption of EHR, largest biopharmaceutical and biotechnological pipeline.

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The report provides meticulous analysis of global artificial intelligence in healthcare market by segmenting it on the basis of product (software, services, and hardware), application (medical imaging and diagnosis, patient data and risk analytics, hospital workflow management, drug discovery, patient management, precision medicine, and other applications), technology (natural language processing, context aware processing, machine learning, querying method), and end user (hospital & diagnostic centers, pharmaceutical and biotechnology companies, healthcare payers, patients, and other end users). Wherein, among products, software segment commanded the largest share in this market. The largest share of this segment is primarily attributed to high adoption of AI based software solution in healthcare applications and technological development in Healthcare IT industry has been focused on AI solution and related software development kits.

The key players analyzed in the global artificial intelligence in healthcare market are General Electric (GE) Company (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Nvidia Corporation (U.S.), Microsoft Corporation (US), iCarbonX (China), Enlitic, Inc. (U.S.), General Vision Inc. (U.S.), Alphabet Inc. (U.S.), Verint Systems (U.S.), and Welltok, Inc. (U.S.)

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Key Topics Covered in This Report:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Currency
1.4. Limitations
1.5. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary
3.1. Introduction
3.2. Market Dynamics
3.3. Product Segment Analysis
3.4. Technology Segment Analysis
3.5. Application Segment Analysis
3.6. End User Analysis
3.7. Regional Analysis
3.8. Competitive Analysis

4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Rising Funding in Healthcare Artificial Intelligence
4.2.2. Growing Demand of Precision Medicines
4.2.3. Large Pool of Healthcare Data
4.2.4. AI to Reduce the Healthcare Cost
4.2.5. AI to Lead Efficient Diagnosis
4.3. Market Restraints
4.3.1. Reluctance in Adopting AI Technologies
4.3.2. Lack of Trust for Data Security
4.4. Market Opportunities
4.4.1. Outburst in Artificial Intelligence for Home Care and Hospitals
4.4.2. Artificial Intelligence in Healthcare to Improve Patient Outcomes
4.4.3. Growing Potential of AI-Based Tools for Geriatric Patients
4.5. Market Challenges
4.5.1. Ethical and Legal Issues in Healthcare Artificial Intelligence
4.5.2. Lack of Access to Curated Data
4.5.3. Lack of Interoperability amongst AI Solution Provided by Different Vendors

5. Industry Insights
5.1. Value Chain Analysis
5.2. Case Studies
5.2.1. Cognizant Developed an AI-Driven Machine Learning Solution to Identify Potential Drug Seeking Behavior in Patients
5.2.2. Under Armour Developed an App That Uses IBM Watson Cognitive Computing Platform
5.2.3. Tempus and Mayo Clinic Team Up to Personalize Care for Cancer Patients
5.2.4. AI Solutions for Mental Health Building a Strong Support System for Patients
5.2.5. AI-Powered Virtual Assistants Enabling Efficient Doctor-Patient Communications
5.2.6. Cleveland Clinic to Identify Patients at Risk in ICU Using Cortana Intelligence

6. Global Artificial Intelligence in Healthcare Market, by Product
6.1. Introduction
6.2. Software
6.3. Hardware
6.4. Services
6.4.1. Installation and Integration
6.4.2. Support and MAIntenance

7. Global Artificial Intelligence in Healthcare Market, by Technology
7.1. Introduction
7.2. Natural Language Processing (NLP)
7.3. Machine Learning
7.4. Context Aware Processing
7.5. Querying Method

8. Global Artificial Intelligence in Healthcare Market, by Application
8.1. Introduction
8.2. Hospital Workflow Management
8.3. Patient Data and Risk Analytics
8.4. Drug Discovery
8.5. Medical Imaging and Diagnosis
8.6. Patient Management
8.7. Precision Medicine
8.8. Other Applications

9. Global Artificial Intelligence in Healthcare Market, by End User
9.1. Introduction
9.2. Hospital & Diagnostic Centers
9.3. Healthcare Payers
9.4. Pharmaceutical and Biotechnology Companies
9.5. Patients
9.6. Other End Users

10. Artificial Intelligence in Healthcare Market, by Region/Country

11. Competitive Landscape
11.1. Introduction
11.2. Company Rankings
11.3. Competitive Situations and Trends
11.3.1. Acquisitions and Mergers
11.3.2. Agreement and Collaborations
11.3.3. Product Launches
11.3.4. Other Developments

12. Company Profiles
12.1. Intel Corporation
12.2. IBM Corporation
12.3. Nvidia Corporation
12.4. Microsoft Corporation
12.5. Alphabet Inc (Google Inc.)
12.6. General Electric (GE) Company
12.7. Enlitic, Inc.
12.8. Verint Systems
12.9. General Vision, Inc.
12.10. Welltok, Inc.
12.11. iCarbonX

13. Appendix
13.1. Questionnaire
13.2. Available Customization.

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About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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