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The global AI in healthcare market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023.
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Artificial Intelligence in Healthcare Market Global Opportunity Analysis and Industry Forecast, 2017-2023
Introduction • Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs. AI is an intelligent system that applies various human intelligence based functions such as reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is widely applicable in medication management, treatment plans, and drug discovery. • The global AI in healthcare market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023.
Table of Content Chapter: 1: Introduction Chapter: 2: Executive Summary Chapter: 3: Market Overview Chapter: 4: Artificial Intelligence In Healthcare Market, By Offering Chapter: 5: Artificial Intelligence In Healthcare Market, By Technology Chapter: 6: Artificial Intelligence In Healthcare Market, By Application Chapter: 7: Artificial Intelligence In Healthcare Market, By End User Chapter: 8: Artificial Intelligence In Healthcare Market, By Region Chapter: 9: Company Profiles
Key Benefits • This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities. • Market estimations are based on comprehensive analysis of the key developments in the industry. • The global market is comprehensively analyzed with respect to offering, algorithm, application, end user, and region. • In-depth analysis based on geography assists in understanding the regional market to assist in strategic business planning. • The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Point of View “Different interventions ranging from maintenance of patient records & electronic health records (EHR) to application in surgical procedures are gradually incorporating artificial intelligence, thereby revolutionizing healthcare and clinical settings. “ OnkarSumantAssistant Manager, Healthcare at AMR.
Analyst Review • The demand for artificial intelligence systems (AI) is increasing exponentially, as these systems can accomplish challenging tasks without human intervention. These systems can enhance their perception and reasoning power, which helps the system to perform any repetitive functions carried out manually. Different technologies such as natural language processing and deep learning are used in AI systems to improve its efficiency in the healthcare market. • Presently, AI systems in the healthcare sector are used for therapy planning, retrieve patient information, and to interpret images. Eventually, these systems can replace manual involvement by providing virtual assistance for management of patient’s health, diagnostic purposes, and other tasks. The use of AI systems can help to reduce numerous human errors such as unstable hand movements during a surgery/drug delivery and to precisely measure the dosage of a pharmaceutical drug. In addition, these systems can also be used to operate on a person with minimal human supervision and monitor the health of a patient using different wearable devices. Moreover, they are used to analyze the medical records of a patient and predict disease onset.
Company Profiles • Alphabet Inc. (Google Inc.) • Enlitic Inc. • General Vision • iCarbonX • Intel Corporation • IBM Corporation
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