Global Artificial Intelligence HealthCare Market 2020-2027

Posted by Sonika on February 26th, 2020

Bharat Book Bureau Provides the Trending Market Research Report on “Global Artificial Intelligence HealthCare Market by Offering (Hardware, Software and Services), By Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), By Application (Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis, and Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, and Payer), and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)”under Healthcare Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Artificial Intelligence Healthcare Market anticipated triggering by rising application in healthcare and reduction in time for identifying the diseases and maintaining data of patients

The global Healthcare Artificial Intelligence market expected to grow with a substantial rate in the forecast period, 2020-2027. Artificial intelligence has quickly become the main topic of discussion among healthcare professionals, vendors, and IT developers. Experts in the medical and related fields have explored many applications of AI technology and recognized its potential advantages for future medical services: faster medical diagnosis, improved reading accuracy, reduced doctor workload. Owing to these capabilities, it provides more precise treatments, improves patient outcomes, and ultimately reduces care costs, which help in increasing the growth of the healthcare AI market.

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Artificial intelligence tools are capable of reducing the administrative burden of the healthcare sector by managing real-time data in the least possible time with the highest accuracy and security. Moreover, artificial intelligence tools help in managing health care management tools effectively by designing treatment plans, assisting in repetitive tasks, medication management, and drug discovery and can also be used for collecting, storing, and normalizing the data.

Further, artificial intelligence (AI) is increasingly being used to improve the depth of data analysis capabilities and automate key healthcare services. Earlier, the shortage of medical resources makes it difficult for doctors to obtain the patient's condition after leaving the clinic, and the patient cannot know the progress of the disease promptly. The need for health management by doctors and patients is equally urgent, especially in the field of chronic diseases.

As technology advances, portable medical-grade sensors can quickly and accurately obtain human data. The edge computing framework of intelligent portable sensors has low latency and near real-time feedback, and patients and doctors can promptly know the situation. Therefore, considering the advantage of AI in the healthcare sector will witness the potential demand in the forecast period.

Offerings Overview in the Artificial Intelligence Healthcare Market
Based on offering, the global Healthcare Artificial Intelligence market segmented into Hardware, Software, and Services. The hardware segment expected to boost future market growth due to continuous improvement in the software as it helps in the early-stage detection of chronic diseases and helps in getting treatment and prevention of the patients on time.

Technology Overview in the Global Artificial Intelligence Healthcare market
Based on technology, the global Healthcare Artificial Intelligence market segmented into Machine Learning, NLP, Context-Aware Computing, and Computer Vision. Machine learning has captured a more significant market segment compared to others in 2019. Additionally, machine learning helps in reducing the timeframe of any task and also maintains data in real-time. Therefore, the machine learning segment is expected to witness the largest market share in the future market.

Application Overview in the global Artificial Intelligence Healthcare Market
Based on application, the market segmented into Robot-assisted Surgery, Virtual Nursing Assistant, Dosage Error Reduction, Administrative Workflow Assistance, Fraud Detection, Clinical Trial Participant Identifier, Preliminary Diagnosis, and Others. Dosage Error reduction will witness a significant market share in the forecast period. Owing to, reduce the hospital error of medication to the patients as, according to the National safety council, 40,000 deaths are caused due to hospital errors and lead to the third-largest cause for death.

End-users Overview in the global Artificial Intelligence Healthcare Market
Based on End-users, the global Healthcare Artificial Intelligence market categorized into Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, and Payer. The pharmaceuticals and Biotechnology company segment has witnessed the most significant market growth in 2019 and will continue to grow in the forecast period. It is owing to factors like the early detection of chronic diseases and a secure healthcare management system.

Regional Overview in the global Artificial Intelligence Healthcare Market
Based on geography, the global Healthcare Artificial Intelligence market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America has captured the major market share in the healthcare AI market in 2019. Due to increasing environmental pollution has caused various chronic diseases which are affecting the lives of people across North America. Thus, the healthcare AI sector expected to maintain its dominance throughout the forecast period.

Global Artificial Intelligence Healthcare Market: Competitive Landscape
Companies such as NVIDIA, Intel, IBM, Google, Microsoft, AWS, General Vision, GE Healthcare, Siemens Healthineers, and other Prominent Players are in the healthcare artificial intelligence market.

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