AI in Healthcare Market by Technology, Top Key Player, Demand, Analysis 2024

Posted by Yash Chauhan on March 4th, 2019

AI in Healthcare

The global artificial intelligence (AI) in the healthcare market is growing at a significant rate, due to progressively huge and complex data set, refining computing power, and declining hardware cost. Different offerings including hardware, and software contributed to AI in the healthcare market size.

The upsurge in finance for artificial intelligence in healthcare is the major trend in artificial intelligence in the healthcare market. The increase in funding by several government agencies is mounting the establishment of healthcare artificial intelligence startups.

Progressively huge and complex data set, escalating demand for precision medicine, refining computing power and decreasing hardware cost, intensifying necessity for improvised healthcare services, and a mounting number of cross-industry partnerships and collaborations are the primary growth drivers for AI in the healthcare market. The escalating necessity for coordination among healthcare employees and patients, mounting geriatric population, and expanding need to decrease healthcare costs are also facilitating the growth for the artificial intelligence in the healthcare market.

The mounting ability of AI-based tools for geriatric care, the unexploited market in emerging countries such as China, and India, and escalating emphasis on building human-aware AI systems would create opportunities for the AI in the healthcare market.

North America is the largest AI in the healthcare market as in the region the presence of major players of hardware and software providers offers ample opportunities for end users to adopt technologically advanced solutions.

Asia-Pacific is observed to witness the fastest growth in the market, due to escalating healthcare expenditure.

Key players in AI in the healthcare market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

NVIDIA Corporation, Google, Inc., Medtronic PLC, Intel Corporation, General Electric (GE) Company, IBM Corporation, Microsoft Corporation, and Micron Technology are the key players offering artificial intelligence in healthcare.

Source: VynZ Research

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Yash Chauhan

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Yash Chauhan
Joined: February 25th, 2019
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