Artificial Intelligence In Healthcare Market Registering A CAGR Of 41.8% From 2021 To 2028

 San Francisco, 9 June 2021: The Report Artificial Intelligence In Healthcare Market Size, Share & Trends Analysis Report By Component (Software Solutions, Hardware, Service), By Application (Robot Assisted Surgery, Connected Machines, Clinical Trials), And Segment Forecasts, 2021 - 2028

The global artificial intelligence in healthcare market size is expected to reach USD 120.2 billion by 2028 and is expected to expand at a CAGR of 41.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing technological advancements coupled with an increasing need for efficient and innovative solutions to enhance clinical and operational outcomes is contributing to market growth. The pressure for cutting down spending is rising globally as the cost of healthcare is growing faster than the growth of economies. Advancements in healthcare IT present opportunities to cut down spending by improving care delivery and clinical outcomes. Thus, the demand for AI technologies is expected to increase in the coming years.

Moreover, the ongoing COVID-19 pandemic and the introduction of technologically advanced products to improve patient care are factors anticipated to drive growth further in the coming years. The ongoing COVID-19 pandemic is further driving the adoption of AI in various applications such as clinical trials, diagnosis, and virtual assistants to add value to health care by analyzing complicated medical images of patient’s complications and supporting clinicians in detection as well as diagnosis. Moreover, an increase in the number of AI startups coupled with high investments by venture capitalist firms for developing innovative technologies that support fast and effective patient management, due to a significant increase in the number of patients suffering from chronic diseases, is driving the market.

In addition, the shortage of public health workforce has become a major concern in many countries around the world. This can mainly be attributed to the growing demand for physicians, which is higher than the supply of physicians. As per the WHO estimates in 2019, the global shortage of skilled personnel including nurses, doctors, and other professionals was approximately 4.3 million. Thus, the shortage of a skilled workforce is contributing to the demand for artificial intelligence-enabled systems in the industry.

Access Research Report of Artificial Intelligence In Healthcare Market @ https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market

Artificial Intelligence In Healthcare Market Report Highlights

  • The market is anticipated to witness significant growth over the forecast period owing to the rapidly increasing application of artificial intelligence in this space
  • The software component segment dominated the market in 2020 owing to the increased development of AI-based software solutions
  • The clinical trials segment dominated the market in 2020 owing to the easy commercial availability of AI-based product in clinical trial applications that use AI technology to identify patterns from doctor-patient interaction related data to deliver a personalized medicine
  • North America dominated the market in 2020 owing to the growing adoption of healthcare IT solutions, increasing funding for the development of AI capabilities, and the well-established healthcare sector

List of Key Players in Artificial Intelligence In Healthcare Market

  • IBM Corporation
  • NVIDIA Corporation
  • Nuance Communications, Inc.
  • Microsoft
  • Intel Corporation
  • DeepMind Technologies Limited

Access Press Release of Artificial Intelligence In Healthcare Market @ https://www.grandviewresearch.com/press-release/global-artificial-intelligence-healthcare-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more