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Analysis of Healthcare Artificial Intelligence Market applications and companies’ active in the industry

Healthcare Artificial Intelligence Market size was over USD 750 million in 2016 and forecast to witness nearly 40% CAGR from 2017 to 2024.<br><br>Get more details @ https://goo.gl/J6Tkjq

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Analysis of Healthcare Artificial Intelligence Market applications and companies’ active in the industry

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  1. Healthcare Artificial Intelligence Market size to exceed $10bn by 2024 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Healthcare Artificial Intelligence Market : • Healthcare Artificial Intelligence Market size is forecast to exceed USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc. • AI has revolutionized the healthcare industry by designing treatment plans, medication management, assisting in repetitive tasks, and drug discovery. Rising adoption of precision medicine has made enabled simplicity of management and cost reduction. Increasing application in genomics research coupled with incremental innovation in robotic personal digital assistants should boost industry growth. • Medical imaging & diagnosis will witness more than 40% growth with expectations to surpass USD 2.5 billion by 2024.

  3. Continued... • Increasing big data volume and the ever-increasing need to effectively store and manage the healthcare data will drive healthcare artificial intelligence market growth. Advent of innovative technologies for effective diagnosis & treatment should further accelerate business penetration. • Huge initial investment, complex ROI structure and significant maintenance & repair costs should hamper industry growth. Rising concerns that healthcare AI adoption could lead to unemployment on a large scale can impede expansion over the forecast timeframe. • Drug discovery applications account for over 35% of healthcare artificial intelligence market share, which could see the segment exceed USD 4 billion in revenue by 2024. Machine learning and artificial intelligence will drive R&D and can improve success rate at the early drug development stages. Companies are using machine learning algorithms to reduce development time and build a strong and sustainable drugs pipeline.

  4. U.S. Healthcare Artificial Intelligence Market Size, By Application, 2013-2024 (USD Million)

  5. Browse Full Market Research Report On Healthcare Artificial Intelligence Market @ https://goo.gl/J6Tkjq Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1557

  6. 360° Analysis • Application Trends • Drug discovery held over 35% of the global artificial intelligence market share and is anticipated to witness more than 40% CAGR over the forecast years. The industry share is attributed to capability of artificial intelligence technology to recognize drug targets, and play an important role in drug design, discovery, identification and screening of molecules instantly and effectively. • Regional Trends • U.S. healthcare artificial intelligence market size is set to exceed USD 325 million in 2016, witnessing over 35% CAGR over coming years. Adoption of novel healthcare technologies such as big data analytics and favourable government initiatives will drive industry growth. Federal authorities are encouraging the use of data analytics through various initiatives and policies to reduce cost and improve quality of healthcare services. • Competitive Market Share • The healthcare artificial intelligence market is highly fragmented characterized by presence of large number of industry players. Industry witnesses a number of start-ups for the past 3-4 years. Few innovative companies have set their footprint as pioneers in artificial intelligence industry.

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