PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567132
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567132
Artificial Intelligence in Healthcare Market, By Component, By Technology, By Application, By End User, By Geography
Global artificial intelligence in healthcare market is estimated to be valued at USD 20.81 Bn in 2024 and is expected to reach USD 205.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 38.7% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 20.81 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 38.70% | 2031 Value Projection: | US$ 205.12 Bn |
Artificial intelligence has shown immense potential in various domains of healthcare from disease diagnosis to drug discovery. It enables healthcare providers to harness the power of data to improve clinical outcomes and accelerate precision medicine approaches. AI can analyze huge volumes of patient data, medical images and literature at much faster speed than humans. This helps detect patterns, predict outcomes and recommend treatment plans for improved decision making. As AI technologies advance further with continuous learning techniques, these are expected to play a transformative role in making healthcare more affordable, accessible and personalized globally.
Market Dynamics:
Global artificial intelligence in healthcare market growth is driven by rising digitization of healthcare along with growing need to optimize healthcare resource utilization and infrastructure. AI helps reduce medical expenses through streamlined workflows and prevention of readmissions. There has been huge demand for virtual assistants and chatbots for patient engagement. However, concerns around data privacy, lack of skilled AI workforce and high deployment costs can hamper the market growth. Increasing collaboration between AI vendors, providers and researchers to develop novel applications can offer market growth opportunities. Growing adoption of wearable devices and smartphones creates more data sources for training advanced AI systems.
Key features of the study:
This report provides in-depth analysis of the global artificial intelligence in healthcare market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global artificial intelligence in healthcare market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Microsoft, IBM, Intel, Google, Siemens Healthineers, GE Healthcare
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global artificial intelligence in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in healthcare market
Detailed Segmentation-
- By Component Insights (Revenue, USD Bn, 2019 - 2031)
- Hardware
- Software
- Services
- By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Speech Recognition
- Natural Language Processing
- Machine Learning
- Context-Aware Processing
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Imaging & Diagnostics
- Home Health
- Medical Devices and Robotics
- Virtual Assistants
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Hospitals & Clinics
- Medical Device Companies
- Diagnostic Centers
- Others
- By Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- NVIDIA
- Intel
- Babylon Health
- Komodo Health
- Aidoc
- Google Health
- Exscientia
- Butterfly Network
- Relay Therapeutics
- PathAI
- Canon Medical Systems
- Microsoft
- Oncora Medical
- Biosymetrics
- Arterys
- Ada Health
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Artificial Intelligence in Healthcare Market, By Component
- Global Artificial Intelligence in Healthcare Market, By Technology
- Global Artificial Intelligence in Healthcare Market, By Application
- Global Artificial Intelligence in Healthcare Market, By End User
- Global Artificial Intelligence in Healthcare Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Artificial Intelligence in Healthcare Market, By Component, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Artificial Intelligence in Healthcare Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Speech Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Natural Language Processing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Machine Learning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Context-Aware Processing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Artificial Intelligence in Healthcare Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Imaging & Diagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Home Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Medical Devices and Robotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Virtual Assistants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Artificial Intelligence in Healthcare Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Medical Device Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Artificial Intelligence in Healthcare Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020- 2031, (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- GE Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Siemens Healthineers
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Philips Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NVIDIA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Intel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Babylon Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Komodo Health
- Aidoc
- Google Health
- Exscientia
- Butterfly Network
- Relay Therapeutics
- PathAI
- Viz.ai
- Canon Medical Systems
- Microsoft
- Oncora Medical
- Biosymetrics
- Arterys
- Ada Health
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
