DUBLIN--(BUSINESS WIRE)--The "Global Artificial Intelligence in Healthcare Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering. The rising demand for real time monitoring system and increasing usage of big data in healthcare industry are responsible for the growth of the global Artificial Intelligence in healthcare market. The benefits of Artificial Intelligence in healthcare industry include fast and accurate diagnosis, reduced human errors, cost reduction and it has various applications in image recognition and interpretation, diagnostic assistance etc. However, ambiguous regulatory guidelines for medical software and reluctance among medical practitioners to adopt Artificial Intelligence based technologies are the factors that restrain the growth of the global Artificial Intelligence in healthcare market. Geographically, North America is expected to be the largest and fastest growing market for Artificial Intelligence in healthcare during the forecast period.
The market is projected grow at a CAGR of 43% Growing usage of big data in healthcare industry and imbalance between health workforce and patients is expected to drive the growth of the AI in healthcare market. The AI in healthcare market has been segmented on the basis of offering, technology, application, end-user industry, and geography. On the basis of offering, the market has been further segmented into hardware, software, and services. The AI in healthcare market is further segmented on the basis of technology into deep learning, querying method, NLP, and context aware processing. North America is expected to be the largest and fastest-growing market for AI in healthcare during the forecast period.
DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End-User, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The AI in healthcare market is expected to grow from USD 2.1 billion in 2018 to USD 36.1 billion by 2025, at a CAGR of 50.2% during the forecast period. Increasingly large and complex data set available in the form of big data and growing need to reduce the increasing healthcare cost drive the growth of this market. Improving computing power and declining cost of hardware are other key factors driving this market. However, reluctance among medical practitioners to adopt AI-based technologies and the lack of skilled workforce and ambiguous regulatory guidelines for medical software are among the major factors restraining the growth of the AI in healthcare market.
The Healthcare Artificial Intelligence Market research report tries to understand the pioneering tactics taken by vendors in the global market to offer product differentiation through Porter's five forces analysis. It also points out the ways in which these companies can reinforce their stand in the market and increase their revenues in the coming years. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Healthcare Artificial Intelligence Market. This Healthcare Artificial Intelligence market intelligent report highlights on the key retailers in this market everywhere throughout the world. This domain of the report contains the business formats, insurance, and product illustrations, volume, generation, contact statistics, price, and revenue.