Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Artificial Intelligence in Healthcare Market Overview (2022 to 2032)

The global artificial intelligence in healthcare market was valued at around US$ 7.0 Billion at the end of 2021. The market is projected to register a 38.5% CAGR and top a valuation of US$ 181.8 Billion by 2032.

The market for artificial intelligence in healthcare is likely to thrive as a result of the need to reduce rising healthcare costs and the growing shortage of care providers.

Artificial intelligence (AI) is used in healthcare to interpret and analyze data in order to perform clinical diagnoses and propose suitable treatment strategies for a condition. It analyses disease patterns and symptoms using a variety of technologies and advanced algorithms while also giving healthcare professionals improved direction, criticism, and support. In addition, AI-powered systems can analyze healthcare data through wearable smart devices, offer patients digital and virtual consultations, and provide drug formulation and management services.

Attributes

Details

Artificial Intelligence in Healthcare Market Value in 2021

US$ 7.0 Billion

Artificial Intelligence in Healthcare Market Value in 2032

US$ 181.8 Billion

Artificial Intelligence in Healthcare Market CAGR (2022 to 2032)

38.5%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

What are the Major Drivers Boosting the Demand for Artificial Intelligence in Healthcare Market?

One of the key factors driving the market's advancement is the growing use of robots in surgical and rehabilitation treatments in the healthcare sector. Neurological, orthopedic, and laparoscopic minimally invasive (MI) surgery can be successfully carried out by robots. Additionally, the market is benefiting from the growing trend of digitization and automation in the healthcare sector. AI is being used in a variety of medical systems and gadgets to facilitate and secure data handling. Additionally, this helps to produce patient-specific data that is used to provide specialized pharmaceutical and diagnostic services.

The aging population and their increased dependency on healthcare services are other factors driving the market. Most elderly care products now use AI, including smart devices for aged care, fall detection, and virtual companions. While industrial robots are utilized in healthcare facilities to carry out numerous everyday activities, these empathetic robots may also care for patients who are physically and mentally challenged.

Which Region Shows Strong Growth Potential in the Artificial Intelligence in Healthcare Market?

Due to improvements in healthcare IT infrastructure, rising healthcare expenses, and broad adoption of AI/ML technologies, North America dominated the AI in healthcare market and accounted for the major revenue share.

The market is expanding in Europe due to rising awareness of the use of AI-based technologies and increasing demand for value-based services.

Over the projection period, the Asia Pacific region is expected to have profitable growth. This growth rate is due to the fast technological advancements and development as well as ventures concentrating on AI-based healthcare technology.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Who are the Key Players in the Artificial Intelligence in Healthcare Market?

Amazon Web Services Inc., Cloudmedx Inc., DeepMind, Enlitic Inc., General Vision Inc., Google Inc., International Business Machines, iCarbonX, Intel Corporation, Medtronic, Micron Technology Inc., Microsoft Corporation, Nuance Communications Inc., Nvidia Corporation, Seimens Healthcare, and Welltok Inc.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 38.5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2012 to 2021

Forecast Period

2022 to 2032

Qualitative Units

Revenue in USD Billion, and CAGR from 2022 to 2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Segment Covered

  • Offering
  • Technology
  • Application
  • End User
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa
  • Israel

Key Players

  • Amazon Web Services Inc.
  • Cloudmedx Inc.
  • DeepMind
  • Enlitic Inc.
  • General Vision Inc.
  • Google Inc.
  • International Business Machines
  • iCarbonX
  • Intel Corporation
  • Medtronic
  • Micron Technology Inc.
  • Microsoft Corporation
  • Nuance Communications Inc.
  • Nvidia Corporation
  • Siemens Healthcare and Welltok Inc.

Customization

Available Upon Request

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Key Segments Covered in the Artificial Intelligence in Healthcare Industry Survey

By Offering:

  • Hardware
  • Software
  • Services

By Technology:

  • Machine Learning
  • Context-Aware Computing
  • Natural Language Processing
  • Deep Learning
  • Querying Method
  • Others

By Application:

  • Robot-Assisted Surgery
  • Virtual Nursing Assistant
  • Administrative Workflow Assistance
  • Fraud Detection
  • Dosage Error Reduction
  • Clinical Trial Participant Identifier
  • Preliminary Diagnosis
  • Others

By End User:

  • Healthcare Providers
  • Pharmaceutical and Biotechnology Companies
  • Patients
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook for the Global Artificial Intelligence in Healthcare Market?

The global artificial intelligence in healthcare market is anticipated to register a CAGR of 38.5% during the forecast period.

Who are the Key Players in the Artificial Intelligence in Healthcare Market?

The top players in the global artificial intelligence in healthcare market are Amazon Web Services Inc., Cloudmedx Inc., DeepMind, Enlitic Inc., General Vision Inc., Google Inc., International Business Machines, iCarbonX, Intel Corporation, Medtronic, Micron Technology Inc., Microsoft Corporation, Nuance Communications Inc., Nvidia Corporation, Seimens Healthcare, and Welltok Inc.

Explore Healthcare Insights

View Reports

Artificial Intelligence in Healthcare Market

Schedule a Call