DUBLIN–(BUSINESS WIRE)–The “Artificial Intelligence in Healthcare Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component, Application, End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.
Robot Assisted Surgery Segment to Grow at Faster CAGR During 2020-2027
Artificial Intelligence (AI) in Healthcare Market is expected to reach US$ 107,797.82 million by 2027 from US$ 3,991.23 million in 2019; it is estimated to grow at a CAGR of 49.8% from 2020 to 2027.
The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the artificial intelligence in healthcare market is attributed to the rising application of artificial intelligence in healthcare, growing investment in AI healthcare start-ups, and increasing cross-industry partnerships and collaborations. However, the dearth of skilled AI workforce and imprecise regulatory guidelines for medical software are the major factors hindering the market growth.
Based on application, the artificial intelligence in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. The clinical trials segment held the largest market share in 2019, and the robot assisted surgery segment is estimated to register the highest CAGR during the forecast period. Rising adoption of robotic surgeries due to better surgical outcomes offer lucrative opportunities for the growth of robotic assisted surgery segment.
The artificial intelligence in healthcare market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure has observed that, in order to develop and maintain sustainable healthcare setup, utilization of computational technologies such as artificial intelligence becomes crucial. Moreover, majority of the market players have focused on development of AI-powered models to fight against coronavirus pandemic.
In addition, several number of research centers and governments have actively participated in the building of robust AI technologies which are assisting the healthcare professionals to work efficiently even under shortage of resources. These factors will eventually drive the market growth.
Microsoft, Koninklijke Philips N.V., Intel Corporation, General Electric Company, Alphabet Inc., NVIDIA CORPORATION, Nuance Communications, Inc., Siemens Healthineers AG, Arterys Inc., and Johnson & Johnson Services, Inc. are among the leading companies operating in the artificial intelligence in healthcare market.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Artificial Intelligence in Healthcare Market – Key Takeaways
3. Research Methodology
4. Global Artificial Intelligence in Healthcare – Market Landscape
4.2 PEST Analysis
4.3 Expert Opinions
5. Artificial Intelligence in Healthcare Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Application of Artificial Intelligence (AI) in Healthcare
5.1.2 Growing Investment in AI Healthcare Start ups
5.1.3 Increasing Cross-Industry Partnerships and Collaborations
5.2 Market Restraints
5.2.1 Dearth of Skilled AI Workforce and Imprecise Regulatory Guidelines for Medical Software
5.3 Market Opportunities
5.3.1 Increasing Potential in Emerging Economies
5.4 Future Trends
5.4.1 AI in Epidemic Outbreak Prediction and Response
5.5 Impact Analysis
6. Artificial Intelligence in Healthcare Market – Global Analysis
6.1 Global Artificial Intelligence in Healthcare Market Revenue Forecast And Analysis
6.2 Global Artificial Intelligence in Healthcare Market, By Geography – Forecast And Analysis
6.3 Market Positioning of Key Players
7. Artificial Intelligence in Healthcare Market Analysis – By Component
7.2 Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)
7.3 Software Solution
8. Artificial Intelligence in Healthcare Market Analysis – By Application
8.2 Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)
8.3 Robot Assisted Surgery
8.4 Virtual Assistants
8.5 Administrative Workflow Assistants
8.6 Connected Machines
8.8 Clinical Trials
8.9 Fraud Detection
8.11 Dosage Error Reduction
9. Artificial Intelligence in Healthcare Market Analysis – By End User
9.2 Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)
9.3 Hospitals & Healthcare Providers
9.5 Pharma and Biotech Companies
9.6 Healthcare Payers
10. Global Artificial Intelligence in Healthcare Market – Geographical Analysis
11. Impact of COVID-19 Pandemic on Global Artificial Intelligence in Healthcare Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment Of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Artificial Intelligence (AI) in Healthcare Market -Industry Landscape
12.2 Growth Strategies in the Artificial Intelligence in Healthcare Market, 2019-2020
12.3 Inorganic Growth Strategies
12.4 Organic Growth Strategies
13. Company Profile
13.1 Key Facts
13.2 Business Description
13.3 Products and Services
13.4 Financial Overview
13.5 SWOT Analysis
13.6 Key Developments
- Koninklijke Philips N.V.
- Intel Corporation
- General Electric Company
- Alphabet Inc.
- NVIDIA CORPORATION
- Nuance Communications, Inc.
- Siemens Healthineers AG
- Arterys Inc.
- Johnson & Johnson Services, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3obq2z