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Artificial Intelligence in healthcare Market to Grow with Leading Key Players Like Intel Corporation, Koninklijke Philips N.V., Microsoft.
Artificial Intelligence in healthcare Market
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What is the projected growth rate (CAGR) of the Global artificial intelligence in healthcare market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Artificial Intelligence in Healthcare Market reached US$ 13248.65 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 187704.75 million by 2031. The market is growing at a CAGR of 41.1% during the forecast period (2024-2031).
Artificial intelligence (AI) in healthcare refers to the use of machine learning, natural language processing, and data analytics to enhance medical decision-making and operations. Applications include predictive diagnostics, personalized treatment plans, drug discovery, and administrative automation. AI-powered tools analyze vast datasets to detect patterns and predict outcomes, improving efficiency and patient outcomes. As AI technology evolves, ethical considerations like data privacy and algorithmic bias remain critical.
Key Developments:
❁ On February 1, 2023, Microsoft announced a strategic partnership with VinBrain, a Vietnamese tech firm, to advance healthcare services powered by artificial intelligence (AI). The collaboration focuses on three key areas: cross-product validation, data sharing, and research and development. By combining Microsoft's expertise in AI and cloud computing with VinBrain's deep understanding of healthcare, the two companies aim to drive innovation in AI-driven healthcare solutions. This partnership is expected to improve medical diagnostics, enhance patient care, and contribute to the digital transformation of healthcare systems in Vietnam and beyond.
List of the Key Players in the artificial intelligence in healthcare Market:
Intel Corporation, Koninklijke Philips N.V., Microsoft, Siemens Healthcare GmbH, NVIDIA Corporation, IBM, Labcor Laboratórios Ltd., Medtronic, Google and Micron Technology, Inc.
Research Process:
Both primary and secondary data sources have been used in the global artificial intelligence in healthcare Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the artificial intelligence in healthcare Market:
By Product Type: Hardware, Software, Services.
By Technology: Speech recognition, Natural language processing, Machine learning, Disaster recovery, Others.
By Application: Imaging & diagnostics, Drug discovery, Precision medicine, Hospital management, Insights & risk analytics, Wearables, Virtual assistants, Healthcare assistant robots, Others.
By End-User: Hospitals, Pharmaceutical Company, Diagnostic Centers, Others.
Regional Breakout:
The global artificial intelligence in healthcare Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global artificial intelligence in healthcare Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The artificial intelligence in healthcare Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, artificial intelligence in healthcare market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global artificial intelligence in healthcare Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global artificial intelligence in healthcare market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the artificial intelligence in healthcare Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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Frequently Asked Questions
✹ What is the expected growth rate of the global market for the forecast period?
✹ What are the key driving factors that are responsible to shape the fate of the artificial intelligence in healthcare market during the forecast period?
✹ What will be the overall size of the market during the analysis period?
✹ What are the prominent market trends which influence the development of the artificial intelligence in healthcare market across various regions?
✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
✹ What are the challenges and threats that are likely to act as a barrier to the growth of the artificial intelligence in healthcare market?
✹ What are the major opportunities that the companies can get to attain success in the world?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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