Artificial Intelligence (AI) in Healthcare Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

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  • Artificial Intelligence (AI) in Healthcare Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

    Artificial Intelligence (AI) refers to the creation of intelligent systems that are able to perform tasks without human interventions and instructions. It is the constellation of different technologies such as natural language processing, machine learning, perception, and reasoning. AI is being adopted in healthcare using algorithm and software for the analysis of medical data with a view to predict diseases and provide proper medication. It will lead to personalization and optimization resulting in improved outcomes for both patients and healthcare systems.

    The need for pre-operative planning, high costs associated with healthcare, and rising chronic diseases amongst masses are driving the integration of AI in healthcare solutions. A basic AI computer used today in clinical practices can be used for alerts & reminder, diagnostic, therapy planning, information retrieval, and image interpretation. However, glitches in communication and technical infrastructure are amongst the major barriers to the growth of AI in healthcare. This market has huge growth opportunities due to rising needs of self-care and real-time monitoring.

    The market has been segmented based on technology, end-users, applications, and regions. The technology market is further segmented into speech recognition, biometrics, natural language processing, machine learning, and disaster recovery. Based on end-users, the market encapsulates diagnostic centers, hospitals and clinics, R&D, and healthcare institutes. AI finds wide application in precision medicine, real-time monitoring, drug development, and personal health assistants. At present, North America is leading in AI in healthcare market followed by Europe. Asia Pacific has high growth potential accompanied by huge investment in the market, especially in India and China.

    According to Infoholic Research, the “Artificial Intelligence in Healthcare” market will witness a CAGR of 62.2% during the forecast period 2016–2022. The key vendors leveraging solutions for healthcare include IBM, Microsoft, Google, Apple, Amazon, and Medtronic Inc. The increasing adoption of technology is driving various start-ups to enter the market including Sentrian, Buoy Health, Weltok, and Aysadi along with medical institutions such as The Mayo Clinic, Memorial Sloan Kettering Cancer Center, and National Health Service.

    The study covers and analyzes the “Artificial Intelligence in Healthcare” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalist in understanding the companies better and take informed decisions.

     

  • With tables and figures helping analyze worldwide Artificial Intelligence (AI) in Healthcare market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Industry Outlook

    1.1 Industry Overview

    1.2 Industry Trends

    1.3 Pest Analysis


    2 Report Outline

    2.1 Report Scope

    2.2 Report Summary

    2.3 Research Methodology

    2.4 Report Assumptions


    3 Market Snapshot

    3.1 Total Addressable Market (TAM)

    3.2 Segmented Addressable Market (SAM)

    3.3 Related Markets

    3.3.1 mHealth Market
    3.3.2 Cognitive Analytics

    4 Market Outlook

    4.1 Overview

    4.2 Market Trends

    4.3 Market Definition

    4.4 Porter 5 (Five) Forces


    5 Market Characteristics

    5.1 AI in Healthcare: Advantages and Disadvantages

    5.2 AI Applications in Healthcare

    5.2.1 Mining Medical Records
    5.2.2 Designing Treatment Plans
    5.2.3 Assisting Repetitive Jobs
    5.2.4 Diagnosis Automation
    5.2.5 Medication Management
    5.2.6 Drug Creation

    5.3 AI in healthcare: Extent of Investments

    5.4 Market Segmentation

    5.5 Market Dynamics

    5.5.1 Drivers
    5.5.1.1 Cost-effective
    5.5.1.2 Advancement in supplement technologies
    5.5.1.3 Increasing spectrum of applications
    5.5.1.4 Aging population and rising chronic diseases
    5.5.2 Restraints
    5.5.2.1 Security concerns
    5.5.2.2 Hindrances in adoption of technology
    5.5.2.3 Lack of regulations in AI
    5.5.3 Opportunities
    5.5.3.1 Increasing investment in AI
    5.5.3.2 Precision medicine
    5.5.3.3 Increasing demand for remote healthcare services
    5.5.4 DRO – Impact Analysis

    6 Technology

    6.1 Overview

    6.2 Natural Language Processing

    6.2.1 Market Size and Analysis

    6.3 Machine Learning

    6.3.1 Market Size and Analysis

    6.4 Biometric Security

    6.4.1 Market Size and Analysis

    6.5 Speech Recognition

    6.5.1 Market Size and Analysis

    6.6 Disaster Recovery

    6.6.1 Market Size and Analysis
    6.7 Others
    6.7.1 Market Size and Analysis

    7 End-Users

    7.1 Overview

    7.2 Diagnostics centers

    7.2.1 Market Size and Analysis

    7.3 R&D and healthcare institutions

    7.3.1 Market Size and Analysis

    7.4 Hospitals and Clinics

    7.4.1 Market Size and Analysis

    8 Applications

    8.1 Overview

    8.2 Real-Time Monitoring

    8.2.1 Market Size and Analysis

    8.3 Precision Medicine

    8.3.1 Market Size and Analysis

    8.4 Personal Health Assistants

    8.4.1 Market Size and Analysis

    8.5 Drug Development

    8.5.1 Market Size and Analysis

    8.6 Others

    8.6.1 Market Size and Analysis

    9 Regions

    9.1 Overview

    9.2 North America

    9.2.1 Market Size and Analysis
    9.2.2 DRO for North America
    9.2.3 US
    9.2.4 Canada

    9.3 Europe

    9.3.1 Market Size and Analysis
    9.3.2 DRO for Europe
    9.3.3 UK
    9.3.4 Germany
    9.3.5 France
    9.3.6 Others

    9.4 APAC

    9.4.1 Market Size and Analysis
    9.4.2 DRO for APAC
    9.4.3 India
    9.4.4 China
    9.4.5 Japan
    9.4.6 Others

    9.5 LAMEA

    9.5.1 Market Size and Analysis
    9.5.2 DRO for LAMEA
    9.5.3 Brazil
    9.5.4 Mexico
    9.5.5 South Africa
    9.5.6 GCC
    9.5.7 Others

    10 Vendors

    10.1 IBM

    10.1.1 Overview
    10.1.2 Business Segments
    10.1.3 Geographic Revenue
    10.1.4 Business Focus
    10.1.5 SWOT Analysis
    10.1.6 Business Strategy

    10.2 Google

    10.2.1 Overview
    10.2.2 Business Segments
    10.2.3 Geographic Revenue
    10.2.4 Business Focus
    10.2.5 SWOT Analysis
    10.2.6 Business Strategy

    10.3 Medtronic Inc.

    10.3.1 Overview
    10.3.2 Business Segments
    10.3.3 Geographic Revenue
    10.3.4 Business Focus
    10.3.5 SWOT Analysis
    10.3.6 Business Strategy

    10.4 Microsoft

    10.4.1 Overview
    10.4.2 Business Segments
    10.4.3 Geographic Revenue
    10.4.4 Business Focus
    10.4.5 SWOT Analysis
    10.4.6 Business Strategy

    10.5 Apple

    10.5.1 Overview
    10.5.2 Business Segments
    10.5.3 Geographic Revenue
    10.5.4 Business Focus
    10.5.5 SWOT Analysis
    10.5.6 Business Strategy

    10.6 Amazon

    10.6.1 Overview
    10.6.2 Business Segments
    10.6.3 Geographic Revenue
    10.6.4 Business Focus
    10.6.5 SWOT Analysis
    10.6.6 Business Strategy

    11 Companies to Watch For

    11.1 Sentrian

    11.1.1 Overview

    11.2 Healthsense Inc.

    11.2.1 Overview

    11.3 Propeller Health

    11.3.1 Overview

    11.4 Buoy Health

    11.4.1 Overview

    12 Expert’s Views
    Annexure
    Ø Abbreviations

     

  • The Artificial Intelligence (AI) in Healthcare Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • IBM
    • Google
    • Medtronic Iinc
    • Microsoft
    • Apple
    • Amazon
    • Sentrian
    • Healthsense Inc
    • Propeller Health Buoy Health.
    By Regions:
      By Type:
        By Application:
        Licensing options
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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