Artificial Intelligence in Healthcare Market By Service, Solution, Business Model, and Region – Global Forecast to 2030

The MarketWatch News Department was not involved in the creation of this content. Oct 05,

The MarketWatch News Department was not involved in the creation of this content.

Oct 05, 2020 (Profound via COMTEX) —
Artificial Intelligence in Healthcare Market share, industry size, analysis, trends, amp; forecasts. The global market is segmented on the basis of offering, technology, application, end-user and regions.

The Artificial Intelligence in Healthcare Market research report offers market estimates for the period 2018 to 2030, wherein 2018 is the historic period, 2019 is the base year, and 2020 to 2030 is the forecast period.

The wide application portfolio of Artificial Intelligence in Healthcare Market is one of factors driving the growth of market worldwide. The global market is moderately competitive with a blend of global and regional players. The key players invest significantly in Ramp;D to enhance their offerings. The entire ecosystem is composed of multiple major leaders. Every participant of the ecosystem is an equal contributor to the growth of global market.

Qualitative Analysis

The report includes a thorough qualitative analysis of the Artificial Intelligence in Healthcare Market. Factors impacting the short term and medium term growth of the Artificial Intelligence in Healthcare Market are explained in detail. The author of report has also identified future opportunity for the active market players and new entrants. The report is inclusive of PESTEL analysis for 5 prominent countries. Supply chain has been described along with the role of every participant. The supply demand scenario provided in the report mentions about the existing gap, if any. The primary interviews conducted with suppliers and the buyers helped in validating the balance of these market. Market trends highlights the prevalent situation in terms of innovative technology and the buyer’s preference for a particular product category.

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Market Sizing and Forecast

There has been a thoughtful approach for estimating the market size and forecast. The primary and secondary research conducted from both, supply and demand side has resulted in high accuracy of data. Logical explanation for the year over year and compound average growth makes it easy for the reader to know the largest revenue generating source and the future potential. The research methodology is a blend of secondary and primary research with more emphasis on the latter. Country level trends were tracked to implement bottom-up method of market size estimation.

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and the regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross border expansion, product differentiation and so on.

COVID-19 Consequences

The global Artificial Intelligence in Healthcare Market is witnessing a temporary shift in demand owing to sudden pandemic of COVID-19. However, the analysts predict a resurgence of demand in the second half of 2020. We have been interacting with the market participants to seek real time developments. The market size estimates and forecast would reflect the impact of global crisis.

Geographically, the market has been analyzed across five regions that constitute the globe. The macro and micro economic factors including application sectors, government regulations, raw material price fluctuations, socioeconomic factors and so on have been studied across all five regions. The major demand generating countries have been explicitly valued in terms of revenue.

Major players active in the global Artificial Intelligence in Healthcare Market include Intel Corporation, Google, Inc., NVIDIA Corporation, Microsoft Corporation, IBM Corporation, Enlitic, Inc., General Vision, Inc., iCarbonX, Koninklijke Philips N.V., and Recursion Pharmaceuticals, Inc.

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Market Segmentation as below:

Global artificial intelligence in healthcare market has be categorized into offering, technology, application, end-user and regions.

Based on the offering the market has been segmented into software, hardware and services. On the basis of technology the Artificial Intelligence in Healthcare market has been divided into deep learning, natural language processing, context-aware processing in querying method. Application segment has been bifurcated into medical imaging amp; diagnostics, patient data and risk analysis, drug discovery, precision medicine, lifestyle management and monitoring, wearables, virtual assistance, inpatient care and hospital management and research. End-user segment has been categorized into payers, patients, pharmaceutical and biotechnology companies, ACOS amp; MCOS and providers. The major factors driving the artificial intelligence in healthcare market are the increasing importance of precision medicine, ability of AI to improve patient outcomes, collaboration of big data in healthcare, rising number of cross-industry partnership and collaborations, growing necessity to reduce increasing healthcare costs, and imbalance between patients and health workforce. Unwillingness among medical practitioners to adopt AI-Based technologies, and ambiguous regulatory guidelines for medical software are the major factors that may hinder the progress of the artificial intelligence in healthcare market in the near future. Additionally the growth opportunities of emerging markets such as India, China, amp; Brazil and the growth of potential of AI-based tools for elderly care are some of the major growth opportunities for the artificial intelligence in healthcare market players.

(Regional Output, Demand and Forecast by Countries)

Market By Geography

  • North America

  • Europe

  • Asia Pacific

  • Middle East and Africa

  • South America

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