Healthcare Artificial Intelligence Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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Healthcare Artificial intelligence is progressively being used to healthcare, as it becomes more prevalent in modern business and everyday life. Artificial intelligence has the potential to help healthcare providers in a variety of ways, including patient care and administrative tasks. The majority of AI and healthcare technologies are useful in the healthcare industry, but the tactics they support can vary significantly..

MARKET SCOPE

The "Healthcare Artificial Intelligence Market to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Healthcare Artificial Intelligence Market with detailed market segmentation by of Component, Technology, Application, End Users. The Healthcare Artificial Intelligence Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Healthcare Artificial Intelligence Market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on Component, the Healthcare Artificial Intelligence Market is segmented into Software, Services and Hardware.

•  n the basis of Technology, the Healthcare Artificial Intelligence Market is segmented into Machine language, natural language processing, querying method, Context Aware Processing and others.
  
•  n the basis of Application, the Healthcare Artificial Intelligence Market is segmented into Patient Data and Risk Analysis, Administrative Workflow Assistance, Dosage Error Reduction, Lifestyle Management and Patient Monitoring, Preliminary Diagnosis, Medical Imaging and Diagnostics, Others.
  
•  n the basis of End Users the Healthcare Artificial Intelligence Market is segmented into Hospitals and Healthcare Providers, Pharmaceutical and Biotechnology Companies, Others.
  

MARKET DYNAMICS

Drivers

•  The increasing use of the healthcare artificial intelligence has resulted in numerous advantages. While improving patient care, several hospitals have experienced enhanced efficiency and revenue growth are further expected to drive the growth of the market.
  
•  Healthcare artificial intelligence can assist eliminate or reduce time spent on administrative activities, which can account for up to 70% of a healthcare practitioner's work. It can assist healthcare practitioners obtain information that can lead to better patient outcomes and greater quality of care by enhancing a variety of clinical tasks are further expected to drive the growth of the market.
  
•  Factors such as increased financing for healthcare artificial intelligence, rising need for tailored therapy, a big pool of healthcare data, and increased usage of AI in lowering healthcare costs are likely to drive the market growth of healthcare artificial intelligence market.
  

Restraints

Complications with training to work as expected, AI technology must be extensively educated with handpicked data sets.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Healthcare Artificial Intelligence Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Healthcare Artificial Intelligence Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Healthcare Artificial Intelligence Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Healthcare Artificial Intelligence Market in these regions.

IMPACT OF COVID-19 ON TRACK-ETCHED MEMBRANE MARKET:

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the Healthcare Artificial Intelligence Market in 2021.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Healthcare Artificial Intelligence Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Healthcare Artificial Intelligence Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Healthcare Artificial Intelligence Market in the global market. Below mentioned is the list of few companies engaged in the Track-etched membrane Market.

The report also includes the profiles of key players in Healthcare Artificial Intelligence Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.

 DEEP GENOMICS

 Atomwise, Inc.

 NVIDIA Corporation

 Siemens Healthineers

 Microsoft

 Koninklijke Philips N.V.

 Nuance Communications, Inc.

 GE Healthcare

 Medtronic

 IBM Corporation

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Healthcare Artificial Intelligence Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Offering Hardware Software Services By Technology Machine Learning Querying Method Natural Language Processing Context Aware Processing By Application Robot-assisted Surgery Virtual Nursing Assistant Administrative Workflow Assistance Fraud Detection Dosage Error Reduction Clinical Trial Participant Identifier Preliminary Diagnosis By End User Healthcare Provider Pharmaceutical & Biotechnology Company Patient Payer
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	DEEP GENOMICS Atomwise, Inc. NVIDIA Corporation Siemens Healthineers Microsoft Koninklijke Philips N.V. Nuance Communications, Inc. GE Healthcare Medtronic