Cypress, Texas, 2021-Jan-15 — A research report on the Artificial Intelligence market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. The report is titled ‘AI in Healthcare Market: Opportunity Analysis and Future Assessment 2020-2028’. It includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the AI in Healthcare Market. The global AI in Healthcare Market in 2020 is estimated for more than US$ 5.0 Bn and expected to reach a value of US$ 107.5 Bn by 2028 with a significant CAGR of 47.3%. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
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AI in Healthcare Market Dynamics
As per the report, mounting demand for robotics and automation in the healthcare industry is attributed to the growth of artificial intelligence in the healthcare market. AI is getting increasingly sophisticated at doing what humans do, but more efficiently, more quickly, and at a lower cost. There exists a vast potential for AI in healthcare. In healthcare, AI can be employed at various nodes of the healthcare value chain such as early detection and diagnosis, decision making, treatment, end of life care, research, training, and education, etc. Artificial intelligence improves the ability of healthcare professionals to better understand the day-to-day pattern and patient needs.
Even pharmaceutical companies are experimenting with AI to design new drugs. For instance, Merck is developing a new drug with the application of AI in partnership with Atomwise. GlaxoSmithKline partnered with Insilico Medicine for in silico drug design and development using AI. Since 2013, healthcare AI startups have raised approximately US$ 4.3 billion across 576 deals. Healthcare tops all other industries in terms of AI deals. However, AI in healthcare faces technical and feasibility challenges.
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AI in Healthcare Market Segmentation
By Offering
- Hardware
o Processor
MPU
GPU
FPGA
ASIC
o Memory
o Network
- Software
o AI Solutions
On-Premises
Cloud
o AI Platform
Machine Learning Framework
Application Program Interface
- Services
o Deployment & Integration
o Support & Maintenance
To Identify the Key Trends in the Global AI in Healthcare Industry, Visit: https://meridianmarketconsultants.com/pressrelese/global-artificial-intelligence-in-healthcare
By Technology
- Machine Learning
o Deep Learning
o Supervised Learning
o Reinforcement Learning
o Unsupervised Learning
o Others
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
By End-Use Application
- Patient Data & Risk Analysis
- Inpatient Care & Hospital Management
- Medical Imaging & Diagnostics
- Lifestyle Management & Patient Monitoring
- Virtual Assistants
- Drug Discovery
- Research
- Healthcare Assistance Robots
- Precision Medicine
- Emergency Room & Surgery
- Wearables
- Mental Health
- Cybersecurity
By End-User
- Hospitals & Healthcare Providers
- Patients
- Pharmaceuticals & Biotechnology Companies
- Healthcare Payers
- Others (ACOS and MCOS)
Latest Developments and News from Global AI in Healthcare Market: https://meridianmarketconsultants.com/global-artificial-intelligence-in-healthcare
AI in Healthcare Market Competitive Landscape
MMC Study identifies some of the key participating players in Artificial Intelligence (AI) in the Healthcare market globally are Google Inc., Apple Inc., Cognizant Technology Solutions, Siemens, Infosys, Dell, Atomwise, Insilico Medicine, Samsung, GNS Healthcare, etc.
Regional Segmentation
On the basis of region, the AI in healthcare market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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