market share and forecast
Global Artificial Intelligence in Healthcare Market to grow by Over 50%, 2017-2023 - Insights, Opportunity Analysis, Market Shares and Forecasts - Research and Markets
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 regulatory mandates for the use of electronic health records, increasing focus on precision medicine, strong presence of leading companies, large number of cross industry collaborations and growing investments in the field of Artificial Intelligence in healthcare are growing the market in the region.