Artificial Intelligence in Healthcare Market (by Component, Application, End-user & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

November 2021 | 105 pages | ID: A875E78800DEEN
Koncept Analytics

Abstracts

The global AI in healthcare market is forecasted to record a value of US$22.68 billion in 2025, progressing at a CAGR of 35.59%, for the duration spanning 2021-2025. The factors such as rising utilization of robots for surgical and rehabilitation procedures, growing potential of AI-based tools for elderly care, surging investment in AI deals in healthcare and rising adoption of wearable devices. However, the market growth would be challenged by reluctance among medical practitioners regarding the adoption of AI-based technologies and concerns regarding data privacy. The market is anticipated to experience certain trends like shortage of skilled workforce, upsurge in demand for personalized medicine and rising number of cross-industry partnerships and collaborations.

The global AI in healthcare market can be segmented on the basis of component, application and end-user. Based on component, the market can be bifurcated into software solutions, hardware and services. According to application, the market can be categorized into clinical trials, robot assisted surgery, connected machines, fraud detection, virtual assistants, administrative workflow assistants, diagnosis, dosage error reduction, cybersecurity and others. Whereas, depending on end-users, the market can broadly be split into hospitals & healthcare providers, pharmaceutical & biotechnology companies, patients, healthcare payers and others.

The fastest growing regional market is North America due to surging adoption of machine learning in the medical sector leading to the growth of AI in the healthcare market in countries like the U.S. and Canada and increasing government initiatives to adopt digital platforms in healthcare industry and sector. Further, the COVID-19 outbreak has significantly promoted the implementation of remote health check-ups using digital tools, which positively impacted the market growth.

Scope of the report:

• The report provides a comprehensive analysis of the global AI in healthcare market segmented on the basis of component, application, end-user and region.
• The major regional and country markets (North America, Europe, Asia Pacific and Rest of the World) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Microsoft Corporation, Intel Corporation, International Business Machines Corporation (IBM), Koninklijke Philips N.V., Nvidia Corporation and Siemens Healthineers AG) are also presented in detail.

Key Target Audience:

• AI Healthcare Device Manufacturers & Suppliers
• AI Healthcare Software Developers
• End Users (Hospitals, Pharmaceutical & Biotechnology Companies, Healthcare Payers, etc.)
• Research and Development (R&D) Organizations
• Government Bodies & Regulating Authorities

Contents

1. MARKET OVERVIEW

1.1 Introduction
1.2 Overview of Artificial Intelligence in HealthCare
1.3 Types of AI used in the Healthcare
1.4 Relation Between AI, Cloud Computing and Data Analytic
1.5 Applications of AI in Healthcare
1.6 Benefits of AI in Healthcare

2. IMPACT OF COVID-19

2.1 Surging Adoption of Telemedicine
2.2 Growth in Healthcare AI Funding
2.3 Escalating Adoption of AI to Expedite the Vaccine or Drug Development

3. GLOBAL MARKET ANALYSIS

3.1 Global AI in Healthcare Market by Value
3.2 Global AI in Healthcare Market Forecast by Value
3.3 Global AI in Healthcare Market by Component
  3.3.1 Global AI Software Solutions in Healthcare Market by Value
  3.3.2 Global AI Software Solutions in Healthcare Market Forecast by Value
  3.3.3 Global AI Hardware in Healthcare Market by Value
  3.3.4 Global AI Hardware in Healthcare Market Forecast by Value
  3.3.5 Global AI Services in Healthcare Market by Value
  3.3.6 Global AI Services in Healthcare Market Forecast by Value
3.4 Global AI in Healthcare Market by Application
  3.4.1 Global AI in Healthcare Application Market by Value
  3.4.2 Global AI in Healthcare Application Market Forecast by Value
3.5 Global AI in Healthcare Market by End-Users
  3.5.1 Global AI in Healthcare End-User Market by Value
  3.5.2 Global AI in Healthcare End-User Market Forecast by Value
3.6 Global AI in Healthcare Market by Region

4. REGIONAL MARKET ANALYSIS

4.1 North America
  4.1.1 North America AI in Healthcare Market by Value
  4.1.2 North America AI in Healthcare Market Forecast by Value
  4.1.3 The U.S. AI in Healthcare Market Forecast by Value
  4.1.4 The U.S. AI in Healthcare Market by Component
  4.1.5 The U.S. AI in Healthcare Market Forecast by Component
4.2 Europe
  4.2.1 Europe AI in Healthcare Market by Value
  4.2.2 Europe AI in Healthcare Market Forecast by Value
4.3 Asia Pacific
  4.3.1 Asia Pacific AI in Healthcare Market by Value
  4.3.2 Asia Pacific AI in Healthcare Market Forecast by Value
  4.3.3 China AI in Healthcare Market Forecast by Value
4.4 RoW
  4.4.1 RoW AI in Healthcare Market by Value
  4.4.2 RoW AI in Healthcare Market Forecast by Value

5. MARKET DYNAMICS

5.1 Growth Drivers
  5.1.1 Rising Utilization of Robots for Surgical and Rehabilitation Procedures
  5.1.2 Increasing Volume of Healthcare Data
  5.1.3 Growing Potential of AI-Based Tools for Elderly Care
  5.1.4 Surging Investment in AI Deals in Healthcare
  5.1.5 Rapid Adoption of Wearable Devices
  5.1.6 Escalating Penetration of Online Pharmacy
5.2 Key Trends and Developments
  5.2.1 Shortage of Skilled Workforce
  5.2.2 Growing Shift towards Home Healthcare
  5.2.3 Upsurge in Demand for Personalized Medicine
  5.2.4 Rising Number of Cross-Industry Partnerships and Collaborations
5.3 Challenges
  5.3.1 Reluctance among Medical Practitioners to Adopt AI-based Technologies
  5.3.2 Concerns Regarding Data Privacy

6. COMPETITIVE LANDSCAPE

6.1 Global Market
  6.1.1 Revenue Comparison of Key Players
  6.1.2 Market Capitalization Comparison of Key Players
  6.1.3 R&D Comparison of Key Players

7. COMPANY PROFILES

7.1 Microsoft Corporation
  7.1.1 Business Overview
  7.1.2 Financial Overview
  7.1.3 Business Strategies
7.2 Intel Corporation
  7.2.1 Business Overview
  7.2.2 Financial Overview
  7.2.3 Business Strategies
7.3 International Business Machines Corporation (IBM)
  7.3.1 Business Overview
  7.3.2 Financial Overview
  7.3.3 Business Strategies
7.4 Koninklijke Philips N.V.
  7.4.1 Business Overview
  7.4.2 Financial Overview
  7.4.3 Business Strategies
7.5 Nvidia Corporation
  7.5.1 Business Overview
  7.5.2 Financial Overview
  7.5.3 Business Strategies
7.6 Siemens Healthineers AG
  7.6.1 Business Overview
  7.6.2 Financial Overview
  7.6.3 Business Strategies

List Of Figures

LIST OF FIGURES

Objectives of ABCD Applications in Healthcare
Overview of Artificial Intelligence in Healthcare
Types of AI used in the Healthcare Industry
Relation Between AI, Cloud Computing and Data Analytic
Applications of AI in Healthcare
Benefits of AI in Healthcare
Adoption Rate of Telemedicine in the U.S. (December 2019-July 2020)
Global Healthcare AI Disclosed Deals and Equity Funding (2019/2020)
Number of COVID-19 Drugs & Vaccines in Development Worldwide, by Phase (October 2020)
Global AI in Healthcare Market by Value (2016-2020)
Global AI in Healthcare Market Forecast by Value (2021-2025)
Global AI in Healthcare Market by Component (2020)
Global AI Software Solutions in Healthcare Market by Value (2016-2020)
Global AI Software Solutions in Healthcare Market Forecast by Value (2021-2025)
Global AI Hardware in Healthcare Market by Value (2016-2020)
Global AI Hardware in Healthcare Market Forecast by Value (2021-2025)
Global AI Services in Healthcare Market by Value (2016-2020)
Global AI Services in Healthcare Market Forecast by Value (2021-2025)
Global AI in Healthcare Market by Application (2020)
Global AI in Healthcare Application Market by Value (2016-2020)
Global AI in Healthcare Application Market Forecast by Value (2021-2025)
Global AI in Healthcare Market Value by End-Users (2020)
Global AI in Healthcare End-User Market by Value (2016-2020)
Global AI in Healthcare End-User Market Forecast by Value (2021-2025)
Global AI in Healthcare Market by Region (2020)
North America AI in Healthcare Market by Value (2016-2020)
North America AI in Healthcare Market Forecast by Value (2021-2025)
The U.S. AI in Healthcare Market Forecast by Value (2020-2025)
The U.S. AI in Healthcare Market by Component (2020)
The U.S. AI in Healthcare Market Forecast by Component (2020-2025)
Europe AI in Healthcare Market by Value (2016-2020)
Europe AI in Healthcare Market Forecast by Value (2021-2025)
Asia Pacific AI in Healthcare Market by Value (2016-2020)
Asia Pacific AI in Healthcare Market Forecast by Value (2021-2025)
China AI in Healthcare Market Forecast by Value (2020-2025)
RoW AI in Healthcare Market by Value (2016-2020)
RoW AI in Healthcare Market Forecast by Value (2021-2025)
Global Surgical Robots Market Forecast (2017-2025)
Total Amount of Global Healthcare Data Generated (2016-2020)
Global Population Ages 65 Years and Above (2016-2020)
Equity Funding of Artificial Intelligence Deals in Healthcare Worldwide (2016-2020)
Total Number of Wearable Devices Worldwide (2016-2021)
Global Online Pharmacy Market Size (2014-2023)
The U.S. Home Healthcare Market (2016 v/s 2024)
Global Personalized Medicine Market (2015-2022)
Microsoft Corporation Revenue and Net Income (2016-2020)
Microsoft Corporation Revenue by Segment (2020)
Microsoft Corporation Revenue by Region (2020)
Intel Corporation Net Revenue and Net Income (2016-2020)
Intel Corporation Net Revenue by Segment (2020)
International Business Machines Corporation Revenue and Net Income (2016-2020)
International Business Machines Corporation Revenue by Segment (2020)
International Business Machines Corporation Revenue by Region (2020)
Koninklijke Philips N.V. Sales and Net Income (2016-2020)
Koninklijke Philips N.V. Sales by Segment (2020)
Nvidia Corporation Revenue and Net Income (2016-2020)
Nvidia Corporation Revenue by Segment (2020)
Nvidia Corporation Revenue by Region (2020)
Siemens Healthineers AG Revenue and Net Income (2016-2020)
Siemens Healthineers AG Revenue by Segment (2020)
Siemens Healthineers AG Revenue by Region (2020)

List Of Tables

LIST OF TABLES

Projected Physician Shortages in the U.S. by 2033
Partnerships or Acquisitions of AI-Driven Firms (2019/2020)
Revenue Comparison of Key Players (2020)
Market Capitalization Comparison of Key Players (2021)
R&D Comparison of Key Players (2020)