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Healthcare Artificial Intelligence Market Size, Share, and Analysis, By Offering (Software, Hardware, Services), By Technology (Machine Learning [ML], Natural Language Processing [NLP], Context Aware Processing, Querying Method), By Application (Hospital Workflow Management, Patient Data and Risk Analytics, Medical Imaging and Diagnosis, Drug Discovery, Precision Medicine, Patient Management, Others), By End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biopharmaceutical Companies, Healthcare Payers, Patients, Others) and Regional Forecasts, 2022-2032

September 2023 | 331 pages | ID: H350638EF475EN
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Healthcare Artificial Intelligence Market Size, Share, and Analysis, By Offering (Software, Hardware, Services), By Technology (Machine Learning [ML], Natural Language Processing [NLP], Context Aware Processing, Querying Method), By Application (Hospital Workflow Management, Patient Data and Risk Analytics, Medical Imaging and Diagnosis, Drug Discovery, Precision Medicine, Patient Management, Others), By End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biopharmaceutical Companies, Healthcare Payers, Patients, Others) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Healthcare Artificial Intelligence Market size was USD 11.8 billion in 2021 and projected t%li%grow from USD 21.7 billion in 2023 t%li%USD 450.0 billion by 2032, exhibiting a CAGR of 40.0% during the forecast period.

Healthcare AI, in medical context, is the use of machine learning algorithms and most other cognitive technologies. AI specifically refers t%li%the ability of computers and other technologies t%li%replicate human intellect and think, take decisions, and learn or other activities. Combining patient insights can produce predicted benefits due t%li%AI's ability t%li%handle massive data sets, which can assist the healthcare ecosystem in identifying the most important patient care areas that need t%li%be improved.

MARKET HIGHLIGHTS

The Healthcare Artificial Intelligence Market is expected t%li%reach USD 450.0 billion, growing at a CAGR of 40.0% during the forecast period owing t%li%the growing complexity of datasets and the abundance of healthcare data, which demands Al’s use in healthcare. The demand for spontaneous healthcare services is als%li%supported by a drop in hardware costs and improvements in computer power, the rise in cross-industry cooperations, and a growing difference between the health workforce and the patient population.

Healthcare Artificial Intelligence Market Segments:
  • Offering
  • Software
  • Hardware
  • Services
  • Technology
  • Machine Learning (ML)
  • Natural Language Processing (NLP)
  • Context Aware Processing
  • Querying Method
  • Application
  • Hospital Workflow Management
  • Patient Data and Risk Analytics
  • Medical Imaging and Diagnosis
  • Drug Discovery
  • Precision Medicine
  • Patient Management
  • Others
  • End User
  • Hospitals and Diagnostic Centers
  • Pharmaceutical and Biopharmaceutical Companies
  • Healthcare Payers
  • Patients
  • Others
MARKET DYNAMICS

Growth Drivers

Shortage of Healthcare Laborers is Expected t%li%Boost the Market Growth

Multiple AI Benefits and Growing Investments in the Domain are Expected t%li%Boost the Market Growth

Restraint

Growing Data Privacy Issues May Restrain the Market Growth

Key Players
  • Microsoft
  • General Electric Company
  • Amazon Web Services
  • Intel Corporation
  • Medtronic
  • Koninklijke Philips N.V.
  • Siemens Healthineers
  • Micron Technology
  • NVIDIA Corporation
  • Nuance Communications Inc.
  • IBM Corporation
  • Verint Systems Inc.
  • Virgin Pulse Inc.
  • iCarbonX
  • Oncora Medical
Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3.Healthcare Artificial Intelligence Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1. Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Healthcare Artificial Intelligence Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4. HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS


6. RECENT DEVELOPMENTS


7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8. MARKET ANALYSIS

8.1. Porters Five Forces
8.2.PEST Analysis
  8.2.1.Political
  8.2.2. Economic
  8.2.3. Social
  8.2.4. Technological

9. HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET

9.1.Overview
9.2. Historical Analysis (2016-2021)
  9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

10. HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
  10.3.1.By Offering
    10.3.1.1.Software
      10.3.1.1.1. By Value (USD Million) 2022-2032F
      10.3.1.1.2.Market Share (%) 2022-2032F
      10.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
    10.3.1.2. Hardware
      10.3.1.2.1.By Value (USD Million) 2022-2032F
      10.3.1.2.2. Market Share (%) 2022-2032F
      10.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
    10.3.1.3. Services
      10.3.1.3.1.By Value (USD Million) 2022-2032F
      10.3.1.3.2. Market Share (%) 2022-2032F
      10.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
  10.3.2. By Technology
    10.3.2.1. Machine Learning (ML)
      10.3.2.1.1.By Value (USD Million) 2022-2032F
      10.3.2.1.2. Market Share (%) 2022-2032F
      10.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.2.2.Natural Language Processing (NLP)
      10.3.2.2.1. By Value (USD Million) 2022-2032F
      10.3.2.2.2.Market Share (%) 2022-2032F
      10.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.2.3.Context Aware Processing
      10.3.2.3.1. By Value (USD Million) 2022-2032F
      10.3.2.3.2.Market Share (%) 2022-2032F
      10.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.2.4.Querying Method
      10.3.2.4.1. By Value (USD Million) 2022-2032F
      10.3.2.4.2.Market Share (%) 2022-2032F
      10.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
  10.3.3. By Application
    10.3.3.1. Hospital Workflow Management
      10.3.3.1.1.By Value (USD Million) 2022-2032F
      10.3.3.1.2. Market Share (%) 2022-2032F
      10.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.3.2.Patient Data and Risk Analytics
      10.3.3.2.1. By Value (USD Million) 2022-2032F
      10.3.3.2.2.Market Share (%) 2022-2032F
      10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.3.Medical Imaging and Diagnosis
      10.3.3.3.1. By Value (USD Million) 2022-2032F
      10.3.3.3.2.Market Share (%) 2022-2032F
      10.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.4.Drug Discovery
      10.3.3.4.1. By Value (USD Million) 2022-2032F
      10.3.3.4.2.Market Share (%) 2022-2032F
      10.3.3.4.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.5.Precision Medicine
      10.3.3.5.1. By Value (USD Million) 2022-2032F
      10.3.3.5.2.Market Share (%) 2022-2032F
      10.3.3.5.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.6.Patient Management
      10.3.3.6.1. By Value (USD Million) 2022-2032F
      10.3.3.6.2.Market Share (%) 2022-2032F
      10.3.3.6.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.7.Others
      10.3.3.7.1. By Value (USD Million) 2022-2032F
      10.3.3.7.2.Market Share (%) 2022-2032F
      10.3.3.7.3.Y-o-Y Growth (%) 2022-2032F
  10.3.4. By End User
    10.3.4.1.Hospitals and Diagnostic Centers
      10.3.4.1.1.By Value (USD Million) 2022-2032F
      10.3.4.1.2. Market Share (%) 2022-2032F
      10.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.4.2.Pharmaceutical and Biopharmaceutical Companies
      10.3.4.2.1. By Value (USD Million) 2022-2032F
      10.3.4.2.2.Market Share (%) 2022-2032F
      10.3.4.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.3.Healthcare Payers
      10.3.4.3.1. By Value (USD Million) 2022-2032F
      10.3.4.3.2.Market Share (%) 2022-2032F
      10.3.4.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.4. Patients
      10.3.4.4.1. By Value (USD Million) 2022-2032F
      10.3.4.4.2.Market Share (%) 2022-2032F
      10.3.4.4.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.5.Others
      10.3.4.5.1. By Value (USD Million) 2022-2032F
      10.3.4.5.2.Market Share (%) 2022-2032F
      10.3.4.5.3.Y-o-Y Growth (%) 2022-2032F

11. NORTH AMERICA HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Offering
  11.3.2. By Technology
  11.3.3.By Application
  11.3.4.By End User
11.4. Country
  11.4.1.United States
  11.4.2. Canada

12. EUROPE HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Offering
  12.3.2.By Technology
  12.3.3.By Application
  12.3.4. By End User
12.4. Country
  12.4.1. Germany
  12.4.2.United Kingdom
  12.4.3.France
  12.4.4.Italy
  12.4.5.Spain
  12.4.6.Russia
  12.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

13. ASIA HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Offering
  13.3.2.By Technology
  13.3.3.By Application
  13.3.4. By End User
13.4. Country
  13.4.1. India
  13.4.2.China
  13.4.3.South Korea
  13.4.4.Japan
  13.4.5.Rest of APAC

14. MIDDLE EAST AND AFRICA HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Offering
  14.3.2. By Technology
  14.3.3. By Application
  14.3.4. By End User
14.4.Country
  14.4.1. Israel
  14.4.2.GCC
  14.4.3.North Africa
  14.4.4.South Africa
  14.4.5.Rest of Middle East and Africa

15. LATIN AMERICA HEALTHCARE ARTIFICIAL INTELLIGENCE MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Offering
  15.3.2.By Technology
  15.3.3.By Application
  15.3.4. By End User
15.4.Country
  15.4.1. Mexico
  15.4.2.Brazil
  15.4.3.Rest of Latin America

16. COMPETITIVE LANDSCAPE

16.1.Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders

17. COMPANY PROFILES

17.1.Microsoft
  17.1.1.Company Overview
  17.1.2. Financial Overview
  17.1.3. Key Product; Analysis
  17.1.4. Company Assessment
    17.1.4.1.Product Portfolio
    17.1.4.2. Key Clients
    17.1.4.3. Market Share
    17.1.4.4. Recent News & Development (Last 3 Yrs.)
    17.1.4.5. Executive Team
17.2. General Electric Company
17.3. Amazon Web Services
17.4.Intel Corporation
17.5.Medtronic
17.6. Koninklijke Philips N.V.
17.7. Siemens Healthineers
17.8.Micron Technology
17.9. NVIDIA Corporation
17.10. Nuance Communications Inc.
17.11.IBM Corporation
17.12. Verint Systems Inc.
17.13. Virgin Pulse Inc.
17.14.iCarbonX
17.15. Oncora Medical
17.16. Other Prominent Players

18. APPENDIX


19. CONSULTANT RECOMMENDATION



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