Artificial Intelligence in Healthcare Market Growth Offers Room to Grow to Existing

October 13, 2022/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Artificial Intelligence in the Healthcare Market.

Artificial Intelligence in Healthcare Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The Global Artificial Intelligence in Healthcare Market is expected to grow from USD 4.5 billion in 2020 to USD 36.7 billion by 2026 at a CAGR of over 42.6% during the forecast period.

Key Players

Key players operating in the global Artificial Intelligence in Healthcare Market are-

• Microsoft Corporation (The U.S),
• Nuance Communications, Inc. (The U.S),
• IBM Corporation (The U.S),
• NVIDIA Corporation (The U.S),
• Intel Corporation (The U.S),
• DeepMind Technologies Limited (UK),
• General Electric Company (The U.S),
• Google LLC (The U.S),
• Siemens Healthineers AG (Germany),
• Micron Technology, Inc. (US),
• Koninklijke Philips N.V. (Netherlands), and
• General Vision, Inc. (US).

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Segment Analysis

Application Trends

Based on application, the market has been segmented into robot assisted surgery, virtual assistants, connected machines, diagnosis, clinical trials and others.

• The clinical trial segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing integration of artificial intelligence in clinical trial process to save time and efforts.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing increasing adoption of technologically advanced healthcare solution and increasing investment in R&D activities in healthcare sector.

The market in Asia-Pacific region is projected to register fastest growth during the review period on account of increasing investment of development of advanced healthcare infrastructure and government support to promote usage of AL based tools in healthcare sector.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Artificial Intelligence in Healthcare Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

About Stratview Research

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