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AI in the Global Healthcare Market - Analysis by Offering, Technology, End-Use Application, End-User and Geography - Forecast to 2025 - ResearchAndMarkets.com

January 2, 2019

DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--The “Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End-User, and Geography - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The AI in healthcare market is expected to grow from USD 2.1 billion in 2018 to USD 36.1 billion by 2025, at a CAGR of 50.2% during the forecast period.

Increasingly large and complex data set available in the form of big data and growing need to reduce the increasing healthcare cost drive the growth of this market. Improving computing power and declining cost of hardware are other key factors driving this market.

However, reluctance among medical practitioners to adopt AI-based technologies and the lack of skilled workforce and ambiguous regulatory guidelines for medical software are among the major factors restraining the growth of the AI in healthcare market.

Key Highlights

Services segment to witness highest growth rate among other offerings during forecast period Machine learning to hold largest market followed by NLP in AI healthcare market Hospitals and providers to hold largest market during forecast period North America to witness highest growth from 2018 to 2025

The report profiles key players in the AI in healthcare market with their respective market ranking analysis. Prominent players profiled in this report are NVIDIA (US), Intel (US), IBM (US), Google (US), Microsoft (US), AWS (US), General Vision (US), GE Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US), Johnson & Johnson (US), and Koninklijke Philips N.V. (Netherlands).

Market Dynamics

Drivers

Increasingly Large and Complex Data Set Growing Demand to Reduce Healthcare Costs Improving Computing Power and Declining Hardware Cost Growing Number of Cross-Industry Partnerships and Collaborations Rising Need for Improvised Healthcare Services Due to Imbalance Between Health Workforce and Patients

Restraints

Reluctance Among Medical Practitioners to Adopt AI-Based Technologies Lack of Skilled AI Workforce and Ambiguous Regulatory Guidelines for Medical Software

Opportunities

Growing Potential of AI-Based Tools for Elderly Care Increasing Focus on Developing Human-Aware AI Systems

Challenges

Lack of Curated Healthcare Data Concerns Regarding Data Privacy Lack of Interoperability Between AI Solutions Offered By Different Vendors

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Artificial Intelligence in Healthcare Market, By Offering

7 Artificial Intelligence in Healthcare Market, By Technology

8 Artificial Intelligence in Healthcare Market, By End-Use Application

9 Artificial Intelligence in Healthcare Market, By End User

10 Artificial Intelligence in Healthcare Market, By Region

11 Competitive Landscape

12 Company Profiles

Amazon Web Services (AWS) Babylon Bay Labs Biobeats Butterfly Networks CareSkore Caresyntax Catalia Health Cota Cyrcadia Health Deep Genomics Enlitic FDNA General Electric (GE) Company Ginger.io Google IBM iCarbonX Imagia Cybernetics Intel Johnson & Johnson Services Koninklijke Philips Linguamatics Lucina Health Magnea MaxQ AI MDLive Medtronic Microsoft Nvidia PhysIQ Precision Medicine Siemens Healthineers (A Strategic Unit of the Siemens Group) Zephyr Health and more...

For more information about this report visit https://www.researchandmarkets.com/research/78sgpn/ai_in_the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005399/en/

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Related Topics:Artificial Intelligence

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY HEALTH OTHER HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/02/2019 10:29 AM/DISC: 01/02/2019 10:29 AM

http://www.businesswire.com/news/home/20190102005399/en

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