PUBLISHER: SkyQuest | PRODUCT CODE: 1663831
PUBLISHER: SkyQuest | PRODUCT CODE: 1663831
Artificial Intelligence in Healthcare Market Size, Share, Growth Analysis, By Components, By Deployment Model, By Technology, By Function, By End User, By Region - Industry Forecast 2025-2032
Global Artificial Intelligence (AI) in Healthcare Market size was valued at USD 11.93 billion in 2023 and is poised to grow from USD 18.18 billion in 2024 to USD 529.06 billion by 2032, growing at a CAGR of 52.4% during the forecast period (2025-2032)..
The healthcare AI market is experiencing robust growth driven by the urgent need to reduce costs and the increasing utilization of big data. A study from January 2021 indicated that over 60% of global hospitals have embraced IoT technologies, and AI is projected to save the U.S. healthcare system up to USD 150 billion annually by 2026. Moreover, hospitals were expected to invest USD 6.6 billion yearly in AI technologies by 2021. This emphasis on AI not only aims to minimize healthcare costs but also fosters a greater demand for technological integration. The rising adoption of big data systems in healthcare further supports this trend, making AI a pivotal component in the evolution of the industry moving forward.
Top-down and bottom-up approaches were used to estimate and validate the size of the Artificial Intelligence (Ai) In Healthcare market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Artificial Intelligence (Ai) In Healthcare Market Segments Analysis
Global Artificial Intelligence (AI) in Healthcare Market is segmented by Components, Deployment Model, Technology, Function, End User and region. Based on Components, the market is segmented into Software Solutions and Services. Based on Deployment Model, the market is segmented into On-Premises Model, Cloud-Based Model and Hybrid Model. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing (NLP), Context-Aware Computing, Generative AI, Image Analysis, Computer Vision and Other Technologied. Based on Function, the market is segmented into Diagnosis & Early Detection, Treatment Planning & Personalization, Patient Engagement & Remote Monitoring, Post-Treatment Surveillance & Survivorship Care, Pharmacy Management, Data Management & Analytics and Administrative Functions. Based on End User, the market is segmented into Healthcare Providers, Healthcare Payers, Patients and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Artificial Intelligence (Ai) In Healthcare Market
The Artificial Intelligence (AI) in healthcare market is significantly driven by its ability to enhance diagnostic precision through the analysis of extensive medical data, such as imaging, genetic information, and patient histories. AI technologies can uncover patterns and anomalies that could easily go unnoticed by human clinicians, resulting in quicker and more accurate diagnoses. Additionally, AI supports the advancement of personalized medicine by tailoring treatment plans to the unique data of each patient, thereby optimizing outcomes and minimizing adverse effects. This remarkable capability finds exceptional application in critical fields like oncology, cardiology, and neurology, further fueling market growth.
Restraints in the Artificial Intelligence (Ai) In Healthcare Market
The integration of AI in healthcare faces notable challenges due to the substantial initial investments needed for technology, infrastructure, and workforce training. The process of developing and incorporating AI solutions into established healthcare systems is often complex and demands significant resources. This can create considerable difficulties for smaller healthcare providers, particularly those located in rural or underserved regions, who may find it hard to overcome the financial and technical obstacles associated with implementing AI technologies. Consequently, these high costs and challenges serve as a deterrent, contributing to the sluggish pace of AI adoption within the healthcare sector.
Market Trends of the Artificial Intelligence (Ai) In Healthcare Market
The increasing prevalence of chronic diseases is significantly influencing the growth of the Artificial Intelligence (AI) in Healthcare market. With projections of nearly 1.9 million new cancer cases in 2022 alone, as reported by the American Cancer Society, the urgency for advanced diagnostic and treatment solutions is more pronounced than ever. This rising incidence of chronic illnesses, including prostate, lung, and breast cancer, necessitates the adoption of AI technologies aimed at enhancing early disease detection and precision medicine. Consequently, industry players are responding with innovative product launches, driving demand for AI solutions that improve patient outcomes and streamline healthcare processes, marking a vital trend in the sector.
Table of Contents
- Introduction
- Objectives of the Study
- Scope of the Report
- Definitions
- Research Methodology
- Information Procurement
- Secondary & Primary Data Methods
- Market Size Estimation
- Market Assumptions & Limitations
- Executive Summary
- Global Market Outlook
- Supply & Demand Trend Analysis
- Segmental Opportunity Analysis
- Market Dynamics & Outlook
- Market Overview
- Market Size
- Market Dynamics
- Drivers & Opportunities
- Restraints & Challenges
- Porters Analysis
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers
- Key Market Insights
- Key Success Factors
- Degree Of Competition
- Top Investment And White Space Opportunities
- Market Attractiveness Index, 2024
- Regulations, Certifications, And Guidelines
- Technology Adoptions, Benefits And Impacts
- Market Ecosystem Mapping
- Value Chain Analysis
- Pestel Analysis
- Ip/Patent Analysis
- Case Studies
- Start-Up Analysis
- Macro-Economic Indicators
- Global AI in Healthcare Market Size by Components & CAGR (2025-2032)
- Market Overview
- Software Solutions
- AI Platform
- AI Solutions
- Services
- Deployment & Integration
- Support & Maintenance
- Others (Consulting, Compliance Management, etc.)
- Global AI in Healthcare Market Size by Deployment Model & CAGR (2025-2032)
- Market Overview
- On-Premises Model
- Cloud-Based Model
- Hybrid Model
- Global AI in Healthcare Market Size by Technology & CAGR (2025-2032)
- Market Overview
- Machine Learning
- Deep Learning
- Supervised Learning
- Reinforcement Learning
- Unsupervised Learning
- Semi-Supervised Learning
- Natural Language Processing (NLP)
- Context-Aware Computing
- Generative AI
- Image Analysis
- Computer Vision
- Other Technologies
- Global AI in Healthcare Market Size by Function & CAGR (2025-2032)
- Market Overview
- Diagnosis & Early Detection
- In Vitro Diagnostics (IVD)
- Diagnostic Imaging
- Risk Assessment & Patient Stratification
- Drug Allergy Alerting
- Other Diagnosis & Early Detection Functions
- Treatment Planning & Personalization
- Personalized Treatment Planning
- Pharmacological Therapy
- Surgical Therapy
- Radiation Therapy
- Behavioral Therapy & Psychotherapy
- Immunotherapy
- Other Treatment Planning & Personalization
- Patient Engagement & Remote Monitoring
- Symptom Management & Virtual Assistance
- Telehealth & Remote Patient Monitoring
- Healthcare Assistance Robots
- Medication Reminders
- Patient Education & Empowerment
- Other Patient Engagement & Remote Monitoring
- Post-Treatment Surveillance & Survivorship Care
- Recurrence Monitoring
- Long-Term Outcome Prediction
- Mental Health & Support Systems
- Pharmacy Management
- E-Prescribing
- Medication Management
- Pharmacy Audit & Analysis
- Other Pharmacy Management Functions
- Data Management & Analytics
- Administrative Functions
- Patient Registration & Scheduling
- Patient Eligibility & Authorization
- Billing & Claims Management
- Workforce Management
- Supply Chain & Inventory Management
- Compliance & Documentation
- Healthcare Workflow Management
- Asset Management
- Customer Relationship Management (CRM)
- Fraud Detection & Risk Management
- Global AI in Healthcare Market Size by End User & CAGR (2025-2032)
- Market Overview
- Healthcare Providers
- Hospitals & Clinics
- Ambulatory Care Centers
- Home Healthcare Agencies & Assisted Living Facilities
- Diagnostic & Imaging Centers
- Pharmacies
- Other Healthcare Providers
- Healthcare Payers
- Public Payers
- Private Payers
- Patients
- Others
- Global AI in Healthcare Market Size & CAGR (2025-2032)
- North America (Components, Deployment Model, Technology, Function, End User)
- US
- Canada
- Europe (Components, Deployment Model, Technology, Function, End User)
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (Components, Deployment Model, Technology, Function, End User)
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America (Components, Deployment Model, Technology, Function, End User)
- Brazil
- Rest of Latin America
- Middle East & Africa (Components, Deployment Model, Technology, Function, End User)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Competitive Intelligence
- Top 5 Player Comparison
- Market Positioning of Key Players, 2024
- Strategies Adopted by Key Market Players
- Recent Developments in the Market
- Company Market Share Analysis, 2024
- Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2022-2024)
- Key Company Profiles
- Microsoft
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Amazon Web Services
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Oracle Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Koninklijke Philips N.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Siemens Healthineers AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- NVIDIA Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- GE Healthcare
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Medtronic
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Veradigm LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Alphabet Inc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Cognizant
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Johnson & Johnson
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- SOPHiA GENETICS
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- 3M
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Tempus
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Viz.ai
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Epic Systems Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Merative (IBM)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Riverain Technologies
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Terarecon (ConcertAI)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Conclusion & Recommendations
