Artificial Intelligence in Healthcare Market Size, Share & Trends 2030 | Reports and Data |
Global Artificial Intelligence (AI) in healthcare market size reached USD 7 Billion in 2021 and is expected to register a revenue CAGR of 46.7% during the forecast period. Market revenue growth is expected to be driven by factors such as rising demand for IT services and AI-driven solutions from the healthcare sector and increasing investment to modernize the overall healthcare system using state-of-art technologies in various countries.
Revenue growth of the market is also being driven by increasing dependency on clinical data to facilitate better healthcare services, and rapid advancements in specialized AI chips for faster processing of health-related data and information. Demand for IT services from the healthcare sector to provide more advanced solutions and diagnosis and prognosis has been increasing, and the trend is expected to continue going ahead. The number of IT companies developing AI-based solutions for the healthcare industry has also been increasing in the recent past. Health information systems with AI integration can help healthcare personnel to enhance health information management and operate with minimal errors and ensure compliance with regulations, besides offering other advantages. It can also contribute to rapid modernization of healthcare facilities and facilitate digital transformation, improve virtual care and services, and simultaneously improve productivity and profitability of public and private healthcare organizations. AI can be incorporated with various IT services to initiate automation and improve precision. For instance, Electronic Health Record (EHR) systems enable healthcare personnel to record patient data and facilitates information sharing with other healthcare organizations.
Market Segmentation:
By Offering Outlook • Hardware • Software • Services
By Technology Outlook • Machine Learning • Deep Learning • Context-aware Computing • Natural Language Processing • Computer Vision
By Application Outlook • Virtual Assistant • Robot-assisted Surgery • Preliminary Diagnosis • Clinical Trials • Others
By End-use Outlook • Pharmaceutical and Biotechnology Companies • Healthcare Providers
