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Global Artificial Intelligence in Healthcare Market - Insights10

The adoption of Artificial Intelligence (AI) in healthcare is growing rapidly, driven by factors such as the increasing availability of healthdata, the need for more efficient and effective healthcare delivery, and advances in machine learning and other AI technologies.

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Global Artificial Intelligence in Healthcare Market - Insights10

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  1. Artificial Intelligence (AI) In Healthcare Market

  2. TOP DEVELOPMENTS: WHAT IS ARTIFICIAL INTELLIGENCE (AI) IN HEALTHCARE? In March 2024, Sagility acquires BirchAI to enhance its AI-powered healthcare services, aiming to double its size and reach $1 Bn in revenue within 4 years. Artificial intelligence (AI) in healthcare refers to the application of various AI technologies, such as machine learning and natural language processing, to enhance the experience of professionals and patients. In February 2024, Veradigm, formerly Allscripts, is acquired ScienceIO for $140 Mn to enhance healthcare large language models. AI in healthcare enhances data processing and predictive capabilities, enabling quicker diagnoses, accelerating drug discovery, supporting personalized patient care, and improving outcomes and efficiency. In January 2024, GE HealthCare announced its agreement to acquire MIM Software, aiming to leverage its advanced imaging analysis and AI solutions to accelerate innovation.

  3. AI In Healthcare Market Size ($ Bn) 200 $188 CAGR 37% 150 $137 $100 100 $73 $53 50 $39 $28 $21 0 2023 2024 2025F 2026F 2027F 2028F 2029F 2030F

  4. Market Segmentation Services 30% By Platform: By Application: By End User: a.) Solutions a.) Robot-assisted Surgery a.) Hospitals& Clinics b.) Services b.) Virtual Nursing Assistant b.) Pharmaceutical & Biotechnology Companies c.) Administrative Workflow Assistance Solutions 70% c.) Contract Research Organizations d.) Preliminary Diagnostics In 2023,the solutionssegment led the global AI healthcare market due to rising investments,product innovation like Microsoft's Microsoft Fabric, and supportive government initiatives. d.) Others e.) Others

  5. Regional Analysis Regional Analysis North America's market, valued at$8.78 Bn in 2023, is expected to lead globally in the forecastperiod. Europe is expected to become the 2nd most dominantregion in the AI healthcare market due to advancements in drug discovery, streamlined administrative workflows, and efficient healthcare delivery.

  6. Drivers & Restraints MARKET DRIVERS: Generation of large and complex healthcare datasets MARKET RESTRAINTS: Advancements in Technology Lack of Skilled Workforce Government Initiatives and Support Data Privacy and Security Concerns High Implementation Cost

  7. Key Players

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