AI in Healthcare Market Industry Analysis, Size, Share, Growth, Trends, and Forecast

1. Artificial Intelligence (AI) in Healthcare Market Univdatos Market insights

2. Artificial Intelligence (AI) in Healthcare Market to Reach US$ 26.5 Billion by 2025 Emphasis on Technology (Machine Learning, Deep Learning, Artificial Neural Network), Applications (Robotic Surgery, Diagnosis, Virtual Nursing Assistance, Administrative Workflow Assistance); Offerings (Hardware, Software and Services) and Region

3. Artificial Intelligence (AI) is expected to contribute up to US$ 15.7 trillion to global GDP by 2030. AI applications, powered by an influx of big data and advancements in computing power, are positioned to transform major sectors, including healthcare. Global expenditures on healthcare increased to 9.9% of the total GDP in 2017, up from 8.6% in 2000. The United States witnessed the highest expenditure on healthcare, 17% of total GDP, in 2017. The world's population, aged 60 years and above, is likely to grow by 56% from 2015 to 2030. The healthcare industry is expected to benefit from US$ 45 billion in annual cost savings by 2025.

4. COVID-19 Impact To tackle and look forward to emerging diseases, healthcare delivery includes the assistance of new technology such as Artificial Intelligence (AI), Internet of Things ( IoT), Big Data, and machine learning. Some of the major applications of AI during the COVID-19 pandemic include early detection and diagnosis of the infection, treatment monitoring, contact tracing, projection of cases and mortality, development of drugs and vaccines, reducing the workload of healthcare workers, among others. For instance: In China, Alibaba has developed an AI algorithm that can diagnose suspected COVID-19 cases within 20 seconds (almost 45 times faster than the conventional approach) with 96% accuracy.

5. Medtronic Plc, Abbott Laboratories, Johnson and Johnson, Bcton Dickinson, Boston Scientific Corporation, Koninklijke Philips N.V, Roche Holding AG, Siemens Healthineers AG, Stryker Corporation and Oracle Corporation are the major players operating in the AI in healthcare market. These company are partnering up with technology leaders and are investing heavily to come up with new and innovative AI backed healthcare equipment to treat patients.

6. Reasons to buy: • The Artificial intelligence in healthcare market study presents the current market size, trend, forecast until 2024. The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leaders of the industry • The report presents a quick review of overall industry performance at one glance • The report covers in-depth analysis of prominent industry peer with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry • Examination of industry attractiveness with the help of Porter’s Five Forces analysis • The study comprehensively covers the market across different segments and sub segments • Deep dive regional level analysis of the industry

7. Univdatos market insights The Artificial intelligence in healthcare market can be customized to the country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. Report Pricing univdatos.com sales@univdatos.com 0120-4326511