The global Artificial Intelligence (AI) in healthcare market size was valued at USD 10.54 billion in 2021. The market is projected to grow from USD 13.82 billion in 2022 to USD 164.10 billion by 2029, exhibiting a CAGR of 42.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global AI in healthcare market exhibited a higher growth of 42.4% in 2020 as compared to 2019. Fortune Business Insights says that the global market size was USD 10.54 billion in 2021 and is projected to reach USD 164.10 billion by 2029.

Summary The AI in healthcare market size was valued at US$7,679.39 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 39.05% during 2022-2027. The key to the growth has been increasing investment and development in AI and increasing strategic moves by market players are stimulating. Additionally, key strategic partnerships and mergers and acquisitions are expected to accelerate market growth. Healthcare, including pharma, medical devices, healthcare providers, and payers, is a highly regulated industry, and therefore can be slow to adopt new technologies and modernize.However, the healthcare industry is realizing the benefits artificial intelligence (AI) can bring, and it is now being used in different areas across the entire value chain. Additionally, its use in the healthcare space is expected to continue to increase in the next five years. The integration of software with artificial intelligence is creating growth avenues for the global artificial intelligence in healthcare market.Integration of software with artificial intelligence offers immediate decision support and best results to diagnose diseases.

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.

Portland, OR, Sept. 30, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global AI in Healthcare Market generated $8.23 billion in 2020, and is estimated to reach $194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players. Development in computing power, reduction in hardware costs, surge in a number of cross-industry collaborations, partnerships, and increase in the imbalance between the health workforce and patients are the factors that drive the growth of the global AI in healthcare market. Rise of advanced hardware systems will improve the efficiency and effectiveness of AI software, and hence open many doors of opportunities to the market players. However, limited acceptance from healthcare professionals, owing to the risk of injury and misinterpretation is anticipated to hamper the growth of global AI in healthcare market.

A new report on Artificial Intelligence (AI) in Healthcare Industry Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Artificial Intelligence (AI) in Healthcare Industry market in tandem with its competitive terrain. The research report on the Artificial Intelligence (AI) in Healthcare Industry market encompasses an in-depth study of this business sphere along with an economy-wide database that could aid industry partakers in maximizing their profitability. The study focuses on the various dynamics that are influencing the industry expansion, alongside the regulatory status across the various geographies. Furthermore, the report highlights the prevalent trends and challenges of the industry.

This report studies the global Artificial Intelligence in Healthcare market, analyzes and researches the Artificial Intelligence in Healthcare development status and forecast in United States, EU, Japan, China, India and Southeast Asia.