Artificial Intelligence and Machine Learning is changing the way patients are treated in the global healthcare business. AI-ML is used not only in areas of precision medicine and disease detection, but also has the potential to enhance coordination of care via the automation of processes, personalisation of treatment regimens and optimisation of service delivery. AI in the healthcare industry is expected to grow at a CAGR of 43 per cent and cross $27 billion by 2025. Indian tech-enabled firms serving the US and European healthcare markets are leading from the front in using AI technologies such as Computer Vision and ML right from pathology to patient-care journey. Gaurav Jain, Senior VP-Clinical Support Solutions, IKS Health, said virtual clinical support enables patient engagement, reduces after-hours documentation for physicians, gives the clinical team more time for patient engagement and ensures safer and more efficient care.

Artificial Intelligence and Machine Learning is changing the way patients are treated in the global healthcare business. AI-ML is used not only in areas of precision medicine and disease detection, but also has the potential to enhance coordination of care via the automation of processes, personalisation of treatment regimens and optimisation of service delivery. AI in the healthcare industry is expected to grow at a CAGR of 43 per cent and cross $27 billion by 2025. Indian tech-enabled firms serving the US and European healthcare markets are leading from the front in using AI technologies such as Computer Vision and ML right from pathology to patient-care journey. Gaurav Jain, Senior VP-Clinical Support Solutions, IKS Health, said virtual clinical support enables patient engagement, reduces after-hours documentation for physicians, gives the clinical team more time for patient engagement and ensures safer and more efficient care.

The global artificial intelligence in healthcare market size was valued at USD 10.4 billion in 2021 is expected to expand at a compound annual growth rate (CAGR) of 38.4% from 2022 to 2030. The growing datasets of patient health-related digital information, increasing demand for personalized medicine, and the rising demand for reducing care expenses are some of the major driving forces of the market growth. The growing global geriatric population, changing lifestyles, rising prevalence of chronic diseases has contributed to the surge in demand for diagnosing and improved understanding of diseases in their initial stages. Artificial Intelligence (AI) and machine learning (ML) algorithms are being widely adopted and integrated into healthcare systems to accurately predict diseases in their early stage based on historical health datasets. Furthermore, deep learning technologies, predictive analytics, content analytics, and Natural Language Processing (NLP) tools are enabling care professionals to diagnose patients' underlying health conditions at an earlier stage. The Covid-19 pandemic positively influenced the demand for AI technologies and unearthed the potential held by these advanced technologies.

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The comprehensive market report is inclusive of a detailed summary of the competitive analysis of this industry. As per the document, companies along the likes of IBM Corporation, Google LLC, Medtronic Plc, Koninklijke Philips N.V., Nvidia Corporation, Microsoft Corporation, iCarbonX, CloudMedx Inc., Atomwise Inc., and Next IT Corporation are encompassed in the competitive spectrum of the market.

Dublin, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The "Artificial Intelligence in Healthcare: Intellectual Property Landscape" report has been added to ResearchAndMarkets.com's offering. This report features an extensive study of the historical and current collection of granted patents, patent applications and affiliated documents associated with the upcoming suite of intuitive software and automation enabling solutions, which are designed for use within the healthcare industry. The information in this report has been presented across two deliverables, namely an Excel sheet, featuring an interactive dashboard, and a PowerPoint presentation, summarizing the ongoing activity in this domain, and key insights drawn from the available data. The global healthcare sector has been overtly reluctant to embrace technology. This may partially be due to the failure of early digitization efforts, which were fraught with challenges and turned out to be more of a liability rather than a path forward.

Global Machine Learning in Healthcare Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery is …

Artificial intelligence in healthcare is the use of machine-learning algorithms and software to analyze, process and present complex medical and health care data. It has been widely used to support clinical decisions, improve workflows and predict health outcomes. Thus, wide application of AI in the healthcare sector is likely to propel the growth of the market. The growth of the artificial intelligence in healthcare market is attributed to the rising application of artificial intelligence in healthcare, growing investment in AI healthcare start-ups, and increasing cross-industry partnerships and collaborations. The artificial intelligence in healthcare market was valued at US$ 3,991.23 million in 2019 and it is projected to reach US$ 107,797.82 million by 2027; it is expected to grow at a CAGR of 49.8% from 2020 to 2027.

The expectations are at a tipping point as consumers are comparing healthcare against experiences in other verticals such as e-commerce, food tech, finance, entertainment etc. At the moment, consumers are non-satiated and unhappy with the experiences and financial outcomes in healthcare. Technology has emerged to be an essential transformation component for the sector as it will bring in the much-required abundance in the healthcare market which has a chronic shortage of resources. As we inch towards 2022, the digital healthcare segment will grow at a significant pace and might witness the following trends- Mature digital building blocks The core digital building blocks are getting mature and this is fuelling the transformation process of the sector. It includes superior connectivity and bandwidth, cheap computing and storage in the cloud, powerful smartphones and devices etc.

Artificial intelligence (AI) in healthcare market revenue growth is driven by increasing efficiency in drug discovery and advancement in precision …