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Artificial Intelligence in the Healthcare Market is expected to display an upward trend in terms of revenue and estimated to grow at a CAGR of 40.48% from the forecasting years of 2019 to 2027.
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Artificial Intelligence in the Healthcare Market 2019-2027
MARKET OUTLOOK o Artificial intelligence in the healthcare market is projected to progress at 40.48% of CAGR during the forecasting period 2019-2027. o The major factors driving the global AI in the healthcare market are the increasing usage of big data, the growing importance of precision medicine, widening applications of AI in genomics and rising need of real-time monitoring systems. o Moreover, the positive outlook of healthcare wearable’s industry, rapid growth in robotics and the integration of software with AI are some of the opportunities that are expected to increase the market growth in the coming years. o Nevertheless, the lack of standardization of healthcare data and security & privacy issues are top reasons challenging the overall growth of the market across the globe.
REGIONAL OUTLOOK • North America, Europe, Asia-Pacific and rest of the world are the four regional segments covered in the artificial intelligence in healthcare market. • North America leads the global artificial intelligence in healthcare market by holding the largest share. • This highest growth of the market is attributed to the high adoption rate of AI, growth, and development of research & development activities coupled government and private organizations and rising adoption of machine learning in the medical sector. with the investments by
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COMPETITIVE OUTLOOK The dominant companies present in this market are Enlitic Inc., General Vision Inc., GE Healthcare, Google Inc., Deep Genomics Inc., Corporation, Intel Corporation, IBM Corporation, Oncora Medical, Stryker Corporation, Recursion Pharmaceuticals, Inc., Welltok Inc., and Nvidia Corporation. Icarbonx, Next It Corporation, Microsoft
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