AI Healthcare Market Projected To Reach $36B PYMNTS.com

Artificial intelligence (AI) in the healthcare market is expected to grow to $36.1 billion by 2025. The "Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography -- Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period. "Machine learning's [ML's] ability to collect and handle Big Data -- and increasing adoption of ML by hospitals, research centers, pharmaceutical companies and other healthcare institutions to improve patient health -- are fueling its growth in AI-in-healthcare market," according to the report. "The growing adoption of NLP [in] applications such as patient-data and risk analysis, lifestyle management and monitoring, and mental health is propelling the growth of this technology in the market." Companies cited in the report include NVIDIA, Intel, IBM, Google, Microsoft, AWS, General Vision, GE Healthcare, Siemens Healthineers (Germany), Medtronic, Johnson & Johnson, and Philips (Netherlands).