27.6 Billion USD, Artificial Intelligence In Healthcare Market Size and Analysis - 2025, leading companies are GE, Intel Corporation, IBM, NVIDIA, Microsoft, Enlitic, Alphabet Inc., Verint Systems, Welltok, Inc.

According to this latest publication from Meticulous Research®, the global healthcare artificial intelligence market is expected to grow at a CAGR of 43.5% from 2018 to reach $27.6 billion by 2025. The high growth of Artificial Intelligence (AI) in healthcare market is mainly attributed to factors such as 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. However, reluctance in adopting AI technologies among the end users and lack of trust & potential risks associated with AI in healthcare is restricting the growth of this market to a certain extent.

Meticulous Research®– leading global market research company published a research report titled “Artificial Intelligence in Healthcare Market by Product (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP), Application (Drug Discovery, Precision Medicine), End User, and Geography – Global Forecast to 2025”.

Research report available at https://www.meticulousresearch.com/download-sample-report/?cp_id=4937

On the basis of product, software segment commanded the largest share of the global artificial intelligence market in healthcare in 2018. However, services segment is expected to grow at a fastest CAGR during the forecast period, owing to the technology developments in Healthcare IT industry.

On the basis of technology, natural learning process commanded the largest share of the global market in 2018. Major factors propelling the growth of NLP technology is the rising adoption of NLP in clinical documentation and automated coding in claims submissions.

In 2018, hospitals and diagnostics centers end user segment accounted for the largest share of the global artificial intelligence market in healthcare. Rising adoption of IT in healthcare organizations, increasing focus towards development of precision medicine approaches, and increasing number of collaborations among hospitals and companies for the development and implementation of customized AI solutions are some of the major factors attributed to the large share of this end user segment.

This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global artificial intelligence market in healthcare in 2018, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at a higher CAGR during the forecast period.

Top players analysed here are:
GE
Intel Corporation
IBM
NVIDIA
Microsoft
iCarbonX
Enlitic
General Vision, Inc.
Alphabet Inc.
Verint Systems
Welltok, Inc.

Research report available at https://www.meticulousresearch.com/download-sample-report/?cp_id=4937

About Meticulous Research®

Meticulous Research® was 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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This release was published on openPR.