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The artificial intelligence in healthcare market is expected to grow from $8.19 billion in 2021 to $10.11 billion in 2022 at a compound annual growth rate (CAGR) of 23.46%. The market is expected to reach to $49.10 billion in 2026 at a CAGR of 48.44%.

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Artificial Intelligence In Healthcare Market Driver

The increase in the adoption of precision medicine is one of the driving factors of artificial intelligence in the healthcare market. Precision medicine uses information about an individual’s genes, environmental and lifestyle changes to design and improve the diagnosis and therapeutics of the patient. It is widely used for oncology cases, and due to the rising prevalence of cancer and the number of people affected by it, the demand for AI in precision medicine will increase going forward.

Artificial Intelligence In Healthcare Market Trends

AI-driven surgical robots are an emerging trend in the artificial intelligence in healthcare market. Various healthcare fields have adopted robotic surgery in recent times. Robot-assisted surgeries are used to overcome limitations during minimally invasive surgical procedures and to improve surgeon capabilities during open surgeries. AI is widely applied in surgical robots and is also used with machine vision to analyse scans and detect complex cases. While performing surgeries in delicate areas of the human body, robotic surgeries are more effective than manually performed surgeries. Many technology companies are providing innovative robotic solutions to meet healthcare needs.

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Artificial Intelligence In Healthcare Market Segmentation By The Business Research Company

1) By Device Type: Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, Others

2) By Service Type: Treatment Services, Diagnostic Services, Monitoring Services, Wellness and Fitness Solutions, Others

3) By Stake Holder: Mobile Operators, Healthcare Providers, Application/Content Players, Others

Major Players And Regions Of The Artificial Intelligence In Healthcare Market

Major players in the artificial intelligence in healthcare market are Intel Corporation, Nvidia Corporation, IBM Corporation, Microsoft Corporation, Google Inc., Welltok Inc., General Vision Inc., General Electric Company, Siemens Healthcare Private Limited, Medtronic, Koninklijke Philips N.V., Micron Technology Inc., Johnson & Johnson Services Inc., Next IT Corporation, and Amazon Web Services.

North America was the largest region in the artificial intelligence in healthcare market in 2021 and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Artificial Intelligence In Healthcare Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the artificial intelligence in healthcare market.

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