Product Code: HIT 9226
The global Artificial Intelligence (AI) in healthcare market is projected to reach USD 164.16 billion by 2030 from USD 14.92 billion in 2024, at a CAGR of 49.1% during the forecast period. The market is expected to grow as a result of the increasing investments & funding by public-private organizations, the rapid proliferation of AI in the healthcare industry, and the increasing focus on developing human-aware AI systems. Moreover, the market has experienced growth due to rising demand for enhanced services due to a disproportionate ratio between the healthcare workforce and patient numbers. However, insufficient IT infrastructure, and reluctance towards adoption of AI-based healthcare solutions in emerging economies are some of the factors that are expected to pose a challenge to the market growth.
Scope of the Report |
Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Offering, Function, Application, Deployment, Tools, End User |
Regions covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
"Cloud-based segment is expected to register highest growth during the forecast period, by deployment."
The Artificial Intelligence (AI) in healthcare software segment is segmented into on-premise, cloud-based, and hybrid model. In 2023, the cloud-based segment is expected to register the highest growth during the forecast period. The growth of the cloud segment is attributed to the ample number of advantages offered by this model, such as the seamless integration of data from various silos, unlimited user access from remote locations, low maintenance costs, high security, privacy, easy accessibility, no upfront capital investment for hardware, and extreme capacity flexibility and optimized resource utilization. Moreover, the increasing demand for remote healthcare services and telemedicine solutions has accelerated the adoption of cloud technologies that facilitate easy access to imaging tools and data sharing among healthcare professionals, further contributing to the segment's growth.
"Hospitals & Clinics dominated the market in the Artificial Intelligence (AI) in healthcare market for healthcare providers, by end user in 2023."'
The hospitals & clinics, ambulatory surgical centers, home healthcare agencies & assisted living facilities, diagnostic & imaging centers, pharmacies, and other healthcare providers make up the healthcare providers segment of the end user of the Artificial Intelligence (AI) in healthcare market. In 2023, the hospitals & clinics accounted for a significant share of the Artificial Intelligence (AI) in healthcare market, by end user. The prominent position of this segment is due to the push for personalized medicine, demand for precise diagnostics & surgical planning, rise in minimally-invasive procedures, and the need for interoperability with existing systems. AI applications, such as clinical decision support systems, predictive analytics for patient outcomes, and automated administrative workflows, address critical challenges like workforce shortages and rising patient loads. Additionally, advancements in medical imaging, integration with EHR systems, and government support for AI-driven healthcare transformation further encourage adoption.
"Asia Pacific is expected to register highest market growth during the forecast period."
The Artificial Intelligence (AI) in healthcare market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to register the highest growth during the forecast period. The high growth of this region is attributed to the presence of a large and growing patient population in the region, the increasing need for innovative therapies, the emergence of big data in healthcare, increasing spending on HCIT infrastructure, and the shifting focus of various market players on emerging countries in the region. Government initiatives to promote the adoption of digital & technologically enabled solutions across the healthcare industry and a significant focus on integrating sophisticated technologies across the workflows also contribute to the growth.
The break-down of primary participants is as mentioned below:
- By Company Type - Tier 1: 32%, Tier 2: 44%, and Tier 3: 24%
- By Designation - Directors: 30%, Manager: 34%, and Others: 36%
- By Region - North America: 40%, Europe: 28%, Asia Pacific: 20%, Latin America: 7% and Middle East & Africa: 5%
List of Companies Profiled in the Report
- Koninklijke Philips N.V. (Netherlands)
- Microsoft (US)
- Siemens Healthineers AG (Germany)
- NVIDIA Corporation (US)
- Epic Systems Corporation (US)
- GE Healthcare (US)
- Medtronic (US)
- Oracle (US)
- Change Healthcare (US)
- Veradigm LLC (US)
- Merative (IBM) (US)
- Google (US)
- Cognizant (US)
- Johnsons & Johnsons (US)
- Amazon Web Services, Inc. (US)
- SOPHiA GENETICS (US)
- Riverian Technologies (US)
- Terarecon (ConcertAI) (US)
- 3M (US)
- Tempus (US)
- Viz.ai (US)
- Recursion (US)
- Qure.ai (India)
- Atomwise Inc. (US)
- Entilic (US)
- Personify Health (US)
Research Coverage:
The report analyzes the Artificial Intelligence (AI) in healthcare market and aims to estimate the market size and future growth potential of various market segments, based on offering, solution type, imaging modality, applicarion, end user, and region. The report also analyses factors (such as drivers, opportunities and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total Artificial Intelligence (AI) in healthcare market. The report forecasts the revenue of the market segments with respect to five major regions. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
- Analysis of key drivers (exponential growth in data volume and complexity due to surging adoption of digital technologies, significant cost pressure on healthcare service providers with increasing prevalence of chronic diseases, rapid proliferation of AI in healthcare sector, growing need for improvised healthcare services), restraints (reluctance among medical practitioners to adopt AI-based technologies, shortage of skilled AI professionals handling AI-powered solutions, lack of standardized frameworks for AL and ML technologies), opportunities (increasing use of AI-powered solutions in elderly care, increasing focus on developing human-aware AI systems, rising use of technology in pharmaceuticals industry, strategic partnerships and collaborations among healthcare companies and AI technology providers), challenges (inaccurate predictions due to scarcity of high-quality healthcare data, concerns regarding data privacy, lack of interoperability between AI solutions offered by different vendors) are factors contributing the growth of the Artificial Intelligence (AI) in healthcare market.
- Product Development/Innovation: Detailed insights on upcoming trends, research & development activities, and new software launches in the Artificial Intelligence (AI) in healthcare market.
- Market Development: Comprehensive information on the lucrative emerging markets, type of solution, component, deployment model, industry, and region.
- Market Diversification: Exhaustive information about the software portfolios, growing geographies, recent developments, investments in the Artificial Intelligence (AI) in healthcare market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, company evaluation quadrant, and capabilities of leading players in the global Artificial Intelligence (AI) in healthcare market such as Koninklijke Philips N.V. (Netherlands), Microsoft (US), Siemens Healthineers AG (Germany), NVIDIA Corporation (US), Epic Systems Corporation (US).
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED & REGIONAL SCOPE
- 1.3.2 INCLUSIONS & EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key industry insights
- 2.2 MARKET SIZE ESTIMATION
- 2.3 MARKET BREAKDOWN & DATA TRIANGULATION
- 2.4 MARKET SHARE ESTIMATION
- 2.5 STUDY ASSUMPTIONS
- 2.6 LIMITATIONS
- 2.6.1 METHODOLOGY-RELATED LIMITATIONS
- 2.6.2 SCOPE-RELATED LIMITATIONS
- 2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 AI IN HEALTHCARE MARKET OVERVIEW
- 4.2 ASIA PACIFIC: AI IN HEALTHCARE, BY OFFERING AND COUNTRY (2024)
- 4.3 AI IN HEALTHCARE MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
- 4.4 AI IN HEALTHCARE MARKET: REGIONAL MIX (2022-2030)
- 4.5 AI IN HEALTHCARE: DEVELOPED VS. EMERGING MARKETS
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing need for early detection and diagnosis
- 5.2.1.2 Exponential growth in data volume and complexity due to surging adoption of digital technologies
- 5.2.1.3 Significant cost pressure on healthcare service providers with increasing prevalence of chronic diseases
- 5.2.1.4 Rapid proliferation of AI in healthcare sector
- 5.2.1.5 Growing need for improvised healthcare services
- 5.2.2 RESTRAINTS
- 5.2.2.1 Reluctance among medical practitioners to adopt AI-based technologies
- 5.2.2.2 Shortage of skilled AI professionals handling AI-powered solutions
- 5.2.2.3 Lack of standardized frameworks for AL and ML technologies
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Increasing use of AI-powered solutions in elderly care
- 5.2.3.2 Increasing focus on developing human-aware AI systems
- 5.2.3.3 Strategic partnerships and collaborations among healthcare companies and AI technology providers
- 5.2.4 CHALLENGES
- 5.2.4.1 Inaccurate predictions due to scarcity of high-quality healthcare data
- 5.2.4.2 Concerns regarding data privacy
- 5.2.4.3 Lack of interoperability between AI solutions offered by different vendors
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 5.4 TECHNOLOGY ANALYSIS
- 5.4.1 KEY TECHNOLOGIES
- 5.4.1.1 Machine learning (ML) & deep learning
- 5.4.1.2 Natural language processing (NLP)
- 5.4.1.3 Computer vision (CV)
- 5.4.2 COMPLEMENTARY TECHNOLOGIES
- 5.4.2.1 Cloud computing
- 5.4.2.2 Digital twins
- 5.4.2.3 Robotic process automation (RPA)
- 5.4.3 ADJACENT TECHNOLOGIES
- 5.4.3.1 Blockchain
- 5.4.3.2 Augmented and virtual reality (AR/VR)
- 5.4.3.3 Internet of things (IoT)
- 5.5 INDUSTRY TRENDS
- 5.5.1 SHIFT TOWARD PERSONALIZED MEDICINE
- 5.5.2 AI IN DIAGNOSTICS AND IMAGING
- 5.6 PRICING ANALYSIS
- 5.6.1 INDICATIVE PRICING OF AI IN HEALTHCARE SOFTWARE, BY DEPLOYMENT MODEL (QUALITATIVE)
- 5.6.2 INDICATIVE PRICE TREND, BY REGION
- 5.7 VALUE CHAIN ANALYSIS
- 5.8 ECOSYSTEM ANALYSIS
- 5.9 PATENT ANALYSIS
- 5.10 KEY CONFERENCES & EVENTS, 2024-2025
- 5.11 CASE STUDY ANALYSIS
- 5.11.1 BIOBEAT LAUNCHED HOME-BASED REMOTE PATIENT MONITORING KIT DURING PEAK WAVE OF COVID-19
- 5.11.2 MICROSOFT COLLABORATED WITH CLEVELAND CLINIC TO APPLY PREDICTIVE AND ADVANCED ANALYTICS TO IDENTIFY POTENTIAL AT-RISK PATIENTS UNDER ICU CARE
- 5.11.3 TGEN COLLABORATED WITH INTEL CORPORATION AND DELL TECHNOLOGIES TO ASSIST PHYSICIANS AND RESEARCHERS IN ACCELERATING DIAGNOSIS AND TREATMENT AT LOWER COSTS
- 5.11.4 GE HEALTHCARE IMPROVED PATIENT OUTCOMES BY REDUCING WORKFLOW PROCESSING TIME USING MEDICAL IMAGING DATA
- 5.12 REGULATORY LANDSCAPE
- 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.12.2 REGULATORY FRAMEWORK
- 5.12.2.1 North America
- 5.12.2.2 Europe
- 5.12.2.3 Asia Pacific
- 5.12.2.4 Middle East & Africa
- 5.12.2.5 Latin America
- 5.13 PORTER'S FIVE FORCES ANALYSIS
- 5.13.1 THREAT OF NEW ENTRANTS
- 5.13.2 THREAT OF SUBSTITUTES
- 5.13.3 BARGAINING POWER OF SUPPLIERS
- 5.13.4 BARGAINING POWER OF BUYERS
- 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.14.2 BUYING CRITERIA
- 5.15 END-USER ANALYSIS
- 5.15.1 UNMET NEEDS
- 5.15.2 END-USER EXPECTATIONS
- 5.16 AI IN HEALTHCARE BUSINESS MODELS
- 5.16.1 SOFTWARE-AS-A-SERVICE (SAAS) MODEL
- 5.16.2 LICENSING MODEL
- 5.16.3 REVENUE SHARING/OUTCOME-BASED MODEL
- 5.16.4 FREEMIUM MODEL
- 5.16.5 AI-AS-A-SERVICE (AIAAS) MODEL
- 5.16.6 PARTNERSHIP/REVENUE-SHARING MODEL
- 5.16.7 HYBRID MODELS
- 5.16.8 PAY-PER-USE MODELS
- 5.17 INVESTMENT & FUNDING SCENARIO
- 5.18 IMPACT OF GENERATIVE AI ON AI IN HEALTHCARE MARKET
- 5.18.1 INTRODUCTION
- 5.18.2 MARKET POTENTIAL OF GEN AI IN HEALTHCARE
- 5.18.2.1 Key use cases of Gen AI
- 5.18.3 CASE STUDIES OF AI/GENERATIVE AI IMPLEMENTATION
- 5.18.3.1 Eka Care leveraging generative AI for improved health outcomes
- 5.18.4 INTERCONNECTED AND ADJACENT ECOSYSTEMS
- 5.18.4.1 AI in healthcare IT
- 5.18.4.2 AI in medical diagnostics
- 5.18.4.3 AI in oncology
- 5.18.4.4 AI in clinical trials
- 5.18.4.5 AI in drug discovery
- 5.18.5 USER READINESS & IMPACT ASSESSMENT
- 5.18.5.1 User readiness
- 5.18.5.1.1 Healthcare providers
- 5.18.5.1.2 Healthcare payers
- 5.18.5.1.3 Patients
- 5.18.5.2 Impact assessment
- 5.18.5.2.1 User A: Healthcare providers
- 5.18.5.2.1.1 Implementation
- 5.18.5.2.1.2 Impact
- 5.18.5.2.2 User B: Healthcare payers
- 5.18.5.2.2.1 Implementation
- 5.18.5.2.2.2 Impact
- 5.18.5.2.3 User C: Patients
- 5.18.5.2.3.1 Implementation
- 5.18.5.2.3.2 Impact
6 AI IN HEALTHCARE MARKET, BY OFFERING
- 6.1 INTRODUCTION
- 6.2 INTEGRATED SOLUTIONS
- 6.2.1 RISING WORKFORCE CHALLENGES AND COST PRESSURES TO DRIVE ADOPTION
- 6.3 NICHE/POINT SOLUTIONS
- 6.3.1 TARGETED AI SOLUTIONS TRANSFORMING PRECISION CARE AND EFFICIENCY IN HEALTHCARE TO BOOST MARKET
- 6.4 AI TECHNOLOGIES
- 6.4.1 ABILITY OF CORE AI TECHNOLOGIES TO DRIVE PRECISION, EFFICIENCY, AND INNOVATION TO SUPPORT MARKET GROWTH
- 6.5 SERVICES
- 6.5.1 NEED FOR EMPOWERING NON-CLINICAL HEALTHCARE OPERATIONS TO ACCELERATE MARKET GROWTH
7 AI IN HEALTHCARE MARKET, BY FUNCTION
- 7.1 INTRODUCTION
- 7.2 DIAGNOSIS & EARLY DETECTION
- 7.2.1 PRE-SCREENING
- 7.2.1.1 Early detection, better outcomes, and cost-effective care associated with pre-screening to boost market
- 7.2.2 IVD
- 7.2.2.1 IVD market: By technology
- 7.2.2.1.1 Immunoassays
- 7.2.2.1.1.1 Increasing focus on individualized therapies to drive market
- 7.2.2.1.2 Clinical chemistry
- 7.2.2.1.2.1 Increased demand for precision medicine and efficient healthcare systems to drive market
- 7.2.2.1.3 Molecular diagnostics
- 7.2.2.1.3.1 Improved disease detection, personalized treatments, and enhanced outcomes to fuel growth
- 7.2.2.2 IVD market: By application
- 7.2.2.2.1 Image analysis & interpretation
- 7.2.2.2.1.1 Advantages such as enhanced diagnostic accuracy, faster detection, and improved patient outcomes to support growth
- 7.2.2.2.2 Biomarker discovery & analysis
- 7.2.2.2.2.1 Ability of AI-based biomarker discovery to enhance disease detection, prognosis, and personalized treatment to drive adoption
- 7.2.2.2.3 Other IVD applications
- 7.2.3 DIAGNOSTIC IMAGING
- 7.2.3.1 Diagnostic imaging market: By application
- 7.2.3.1.1 Disease interpretation & report analysis
- 7.2.3.1.1.1 Ability of AI-driven disease interpretation to accelerate diagnosis, treatment, and outcomes to fuel growth
- 7.2.3.1.2 Image captioning & annotation
- 7.2.3.1.2.1 Enhanced diagnostic accuracy, efficiency, and consistency associated with image captioning & annotation to boost market
- 7.2.3.1.3 Image reconstruction
- 7.2.3.1.3.1 Improved diagnostic precision, efficiency, and image quality in healthcare to drive market
- 7.2.3.1.4 Other diagnostic imaging applications
- 7.2.3.2 Diagnostic imaging market: By modality
- 7.2.3.2.1 Magnetic resonance imaging (MRI)
- 7.2.3.2.1.1 Rising technological advancements to drive adoption of AI in MRI
- 7.2.3.2.2 Computed tomography (CT)
- 7.2.3.2.2.1 Rising availability of cardiac CT devices enabled with AI solutions to drive market
- 7.2.3.2.3 X-ray imaging
- 7.2.3.2.3.1 Innovative AI solutions for X-ray imaging by key players to drive market
- 7.2.3.2.4 Ultrasound
- 7.2.3.2.4.1 Increasing prevalence of ovarian cancer to drive market
- 7.2.3.2.5 Nuclear imaging (PET & SPECT)
- 7.2.3.2.5.1 Critical role played by PET and SPECT in visualizing metabolic processes to contribute to growth
- 7.2.3.2.6 Other diagnostic imaging modalities
- 7.2.4 RISK ASSESSMENT & PATIENT STRATIFICATION
- 7.2.4.1 AI-driven risk assessment and patient stratification to enhance healthcare efficiency, outcomes, and personalized care
- 7.2.5 DRUG ALLERGY ALERTING
- 7.2.5.1 Ability of AI-enhanced drug allergy alerting to improve accuracy, patient safety, and personalized care in healthcare to boost market
- 7.2.6 OTHER DIAGNOSIS & EARLY DETECTION FUNCTIONS
- 7.3 TREATMENT PLANNING & PERSONALIZATION
- 7.3.1 PERSONALIZED TREATMENT PLANNING
- 7.3.1.1 Precision medicine & genomic analysis
- 7.3.1.1.1 Advantages such as accurate disease predictions and improved outcomes to drive demand
- 7.3.1.2 Predictive models for treatment response
- 7.3.1.2.1 Ability to personalize therapies, improve outcomes, and minimize adverse effects to fuel growth
- 7.3.1.3 Treatment recommendation systems
- 7.3.1.3.1 Optimized healthcare delivery associated with treatment recommendation systems to support growth
- 7.3.2 PHARMACOLOGICAL THERAPY
- 7.3.2.1 Drug response prediction
- 7.3.2.1.1 Growing use of drug response prediction to minimize adverse reactions to aid growth
- 7.3.2.2 Dosing & administration
- 7.3.2.2.1 Improved efficacy and outcomes to fuel adoption
- 7.3.2.3 Other pharmacological therapy functions
- 7.3.3 SURGICAL THERAPY
- 7.3.3.1 Preoperative imaging & 3D modeling
- 7.3.3.1.1 Enhanced surgical planning and precision to propel market
- 7.3.3.2 Intraoperative guidance & robotics
- 7.3.3.2.1 Faster recovery time to boost adoption
- 7.3.3.3 Postoperative analysis & recovery
- 7.3.3.3.1 Reduced complications to drive market
- 7.3.4 RADIATION THERAPY
- 7.3.4.1 Motion synchronization & auto contouring
- 7.3.4.1.1 Optimized radiation therapy with motion synchronization & auto contouring to boost market
- 7.3.4.2 Real-time adaptive treatment delivery
- 7.3.4.2.1 Reduced side effects to propel demand
- 7.3.4.3 Response assessment & quality assurance
- 7.3.4.3.1 Ability of AI to enhance response assessment and QA to spur growth
- 7.3.4.4 Other radiation therapy functions
- 7.3.5 BEHAVIORAL THERAPY & PSYCHOTHERAPY
- 7.3.5.1 Virtual counseling & chatbots
- 7.3.5.1.1 Ability to engage patients remotely to drive market demand
- 7.3.5.2 Progress monitoring & feedback
- 7.3.5.2.1 Increasing use of smart wearables and mobile health apps to drive market
- 7.3.5.3 Follow-up & long-term support
- 7.3.5.3.1 Widespread adoption of telemedicine platforms to drive market demand
- 7.3.6 IMMUNOTHERAPY
- 7.3.6.1 Real-time patient data monitoring
- 7.3.6.1.1 Need for real-time data analysis to make informed decisions to boost market growth
- 7.3.6.2 Response & side-effect prediction
- 7.3.6.2.1 Ability to reduce trial and error approach in medical treatments to drive market growth
- 7.3.6.3 Relapse prediction & long-term management
- 7.3.6.3.1 Need for proactive approach for long-term care to fuel market growth
- 7.3.7 OTHER TREATMENT PLANNING & PERSONALIZATION FUNCTIONS
- 7.4 PATIENT ENGAGEMENT & REMOTE MONITORING
- 7.4.1 SYMPTOM MANAGEMENT & VIRTUAL ASSISTANCE
- 7.4.1.1 Rising prevalence of chronic diseases to drive market growth
- 7.4.2 TELEHEALTH & REMOTE PATIENT MONITORING
- 7.4.2.1 Ability to monitor and evaluate patients remotely to boost market demand
- 7.4.3 HEALTHCARE ASSISTANCE ROBOTS
- 7.4.3.1 Advancements in robotics and artificial intelligence (AI) to boost market demand
- 7.4.4 MEDICATION REMINDERS
- 7.4.4.1 Increasing adoption of smartphone applications and IoT devices to surge market demand
- 7.4.5 PATIENT EDUCATION & EMPOWERMENT
- 7.4.5.1 Need to improve treatment adherence and enhance self-management to drive market growth
- 7.4.6 OTHER PATIENT ENGAGEMENT & REMOTE MONITORING FUNCTIONS
- 7.5 POST-TREATMENT SURVEILLANCE & SURVIVORSHIP CARE
- 7.5.1 RECURRENCE MONITORING
- 7.5.1.1 Need to predict recurrence of cancer to drive market
- 7.5.2 LONG-TERM OUTCOME PREDICTION
- 7.5.2.1 Ability to predict long-term health outcomes and enhance patient care to drive market
- 7.5.3 MENTAL HEALTH & SUPPORT SYSTEMS
- 7.5.3.1 Need to help patients cope with mental strain to drive market
- 7.6 PHARMACY MANAGEMENT
- 7.6.1 EPRESCRIBING
- 7.6.1.1 Need to improve safety and efficiency in prescribing to drive market
- 7.6.2 MEDICATION MANAGEMENT
- 7.6.2.1 Ability to predict adverse drug reactions by patient data analysis to drive market
- 7.6.3 PHARMACY AUDIT & ANALYSIS
- 7.6.3.1 Need for effective and efficient operation of pharmacies to drive market
- 7.6.4 OTHER PHARMACY MANAGEMENT FUNCTIONS
- 7.7 DATA MANAGEMENT & ANALYTICS
- 7.7.1 ABILITY OF DATA MANAGEMENT & ANALYTICS TO HELP HEALTHCARE ORGANIZATIONS MAKE INFORMED DECISIONS TO BOOST MARKET
- 7.8 ADMINISTRATIVE
- 7.8.1 PATIENT REGISTRATION & SCHEDULING
- 7.8.1.1 Need to optimize patient registration process to drive market
- 7.8.2 PATIENT ELIGIBILITY & AUTHORIZATION
- 7.8.2.1 Need to reduce administrative burden to drive market
- 7.8.3 BILLING & CLAIMS MANAGEMENT
- 7.8.3.1 Need to make billing process more accurate, efficient, and transparent to drive market
- 7.8.4 WORKFORCE MANAGEMENT
- 7.8.4.1 Need for effective staff management to drive market
- 7.8.5 SUPPLY CHAIN & INVENTORY MANAGEMENT
- 7.8.5.1 Ability to make better procurement decisions to drive market
- 7.8.6 COMPLIANCE & DOCUMENTATION
- 7.8.6.1 Need to reduce manual paperwork and errors to drive market
- 7.8.7 HEALTHCARE WORKFLOW MANAGEMENT
- 7.8.7.1 Need to optimize and automate processes within healthcare facilities to drive market
- 7.8.8 ASSET MANAGEMENT
- 7.8.8.1 Ability to optimize use and allocation of resources to drive market
- 7.8.9 CUSTOMER RELATIONSHIP MANAGEMENT
- 7.8.9.1 Enhancing patient engagement and retention through AI-driven CRM systems to boost market
- 7.8.10 FRAUD DETECTION & RISK MANAGEMENT
- 7.8.10.1 Need to enhance security in healthcare systems to drive market demand
- 7.8.11 CYBERSECURITY
- 7.8.11.1 Enhancing healthcare cybersecurity with AI-driven threat detection and risk management to fuel growth
- 7.8.12 OTHER ADMINISTRATIVE FUNCTIONS
8 AI IN HEALTHCARE MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 CLINICAL APPLICATIONS
- 8.2.1 ABILITY OF AI TO IMPROVE DIAGNOSTICS, TREATMENT, AND PATIENT CARE TO DRIVE MARKET GROWTH
- 8.3 NON-CLINICAL APPLICATIONS
- 8.3.1 ABILITY OF AI TO REDUCE ADMINISTRATIVE BURDENS AND ENSURE BETTER RESOURCE ALLOCATION TO FUEL GROWTH
9 AI IN HEALTHCARE MARKET, BY DEPLOYMENT MODEL
- 9.1 INTRODUCTION
- 9.2 ON-PREMISE MODELS
- 9.2.1 ENHANCED DATA SECURITY AND COMPLIANCE TO PROPEL ADOPTION OF ON-PREMISE AI MODELS
- 9.3 CLOUD-BASED MODELS
- 9.3.1 SCALABILITY AND AUTOMATION OF CLOUD-BASED AI PLATFORMS TO RESHAPE HEALTHCARE DELIVERY GLOBALLY
- 9.4 HYBRID MODELS
- 9.4.1 FLEXIBILITY FOR DIVERSE APPLICATIONS TO BOOST DEMAND FOR HYBRID MODELS
10 ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TOOL
- 10.1 INTRODUCTION
- 10.2 MACHINE LEARNING
- 10.2.1 DEEP LEARNING
- 10.2.1.1 Convolutional neural networks (CNN)
- 10.2.1.1.1 Growing demand for advance medical imaging and diagnostics to drive market growth
- 10.2.1.2 Recurrent neural networks (RNN)
- 10.2.1.2.1 Ability of RNN to enhance predictive analytics in healthcare to boost market
- 10.2.1.3 Generative adversarial networks (GAN)
- 10.2.1.3.1 Ability to transform data scarcity and privacy in AI-driven healthcare to drive demand for GAN
- 10.2.1.4 Graph neural networks (GNN)
- 10.2.1.4.1 Ability of GNN to revolutionize relational insights in healthcare analytics to fuel growth
- 10.2.1.5 Other deep learning tools
- 10.2.2 SUPERVISED LEARNING
- 10.2.2.1 Need to drive precision and efficiency in healthcare to support adoption of supervised learning tools
- 10.2.3 REINFORCEMENT LEARNING
- 10.2.3.1 Wide usage of reinforcement learning models for real-time and adaptive healthcare solutions to support market growth
- 10.2.4 UNSUPERVISED LEARNING
- 10.2.4.1 Ability of unsupervised learning to drive innovation in healthcare analytics to propel market
- 10.2.5 OTHER MACHINE LEARNING TOOLS
- 10.3 NATURAL LANGUAGE PROCESSING (NLP)
- 10.3.1 SENTIMENT ANALYSIS
- 10.3.1.1 Enhanced patient experience and operational insights to spur demand for sentiment analysis
- 10.3.2 PATTERN & IMAGE RECOGNITION
- 10.3.2.1 Increased precision in clinical decision-making associated with pattern & image recognition to aid market
- 10.3.3 AUTO CODING
- 10.3.3.1 Advantages such as improved medical billing and administrative efficiency to boost market
- 10.3.4 CLASSIFICATION & CATEGORIZATION
- 10.3.4.1 Ability of classification & categorization to organize healthcare data for better outcomes to propel market
- 10.3.5 TEXT ANALYTICS
- 10.3.5.1 Ability to transform unstructured data into actionable healthcare insights to fuel growth
- 10.3.6 SPEECH RECOGNITION
- 10.3.6.1 Improved speech recognition advancing real-time documentation and accessibility to drive demand
- 10.4 CONTEXT-AWARE COMPUTING
- 10.4.1 DEVICE CONTEXT
- 10.4.1.1 Real-time monitoring and decision-making to contribute to market growth
- 10.4.2 USER CONTEXT
- 10.4.2.1 Personalized healthcare and adaptive workflows to drive demand
- 10.4.3 PHYSICAL CONTEXT
- 10.4.3.1 Location-based services associated with physical context to generate demand
- 10.5 GENERATIVE AI
- 10.5.1 ABILITY OF GENERATIVE AI MODELS TO MIMIC DISEASE PROGRESSION TO DRIVE MARKET
- 10.6 COMPUTER VISION
- 10.6.1 ABILITY TO DETECT ABNORMALITIES SUCH AS TUMORS TO FUEL ADOPTION
- 10.7 IMAGE ANALYSIS
- 10.7.1 STREAMLINING DOCUMENT MANAGEMENT TO PROPEL MARKET
11 AI IN HEALTHCARE MARKET, BY END USER
- 11.1 INTRODUCTION
- 11.2 HEALTHCARE PROVIDERS
- 11.2.1 HOSPITALS & CLINICS
- 11.2.1.1 Growing need to improve profitability of healthcare to drive use of AI-based healthcare solutions in hospitals
- 11.2.2 AMBULATORY CARE CENTERS
- 11.2.2.1 Supportive government norms and incentives for HCIT solutions and services to drive market growth
- 11.2.3 HOME HEALTHCARE AGENCIES & ASSISTED LIVING FACILITIES
- 11.2.3.1 Growing need for long-term home care to drive market growth
- 11.2.4 DIAGNOSTIC & IMAGING CENTERS
- 11.2.4.1 Growing burden of various chronic diseases to propel market growth
- 11.2.5 PHARMACIES
- 11.2.5.1 Advantages of workflow improvements and error reduction to drive AI-based healthcare solution adoption in pharmacies
- 11.2.6 OTHER HEALTHCARE PROVIDERS
- 11.3 HEALTHCARE PAYERS
- 11.3.1 PUBLIC PAYERS
- 11.3.1.1 Focus on developing outcome-based payment models to drive demand for payer solutions
- 11.3.2 PRIVATE PAYERS
- 11.3.2.1 Possible increases in operational efficiency to boost demand among private payers
- 11.4 PATIENTS
- 11.4.1 RISE IN USE OF AI IN MENTAL HEALTH SUPPORT APPLICATIONS THROUGH CHATBOTS AND VIRTUAL THERAPISTS TO BOOST MARKET
- 11.5 OTHER END USERS
12 AI IN HEALTHCARE MARKET, BY REGION
- 12.1 INTRODUCTION
- 12.2 NORTH AMERICA
- 12.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
- 12.2.2 US
- 12.2.2.1 Rising adoption of advanced medical imaging and regulatory support to drive market
- 12.2.3 CANADA
- 12.2.3.1 Growing burden of chronic diseases and research grants for AI to drive market growth
- 12.3 EUROPE
- 12.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
- 12.3.2 GERMANY
- 12.3.2.1 Advanced healthcare system and government efforts to drive growth
- 12.3.3 UK
- 12.3.3.1 Government support and new AI platform emergence to boost market
- 12.3.4 FRANCE
- 12.3.4.1 Thriving AI ecosystem and strategic partnerships to boost healthcare innovation
- 12.3.5 ITALY
- 12.3.5.1 Regulatory reforms, strategic investments, and aging population to propel growth
- 12.3.6 SPAIN
- 12.3.6.1 Established network of research centers to propel market
- 12.3.7 REST OF EUROPE
- 12.4 ASIA PACIFIC
- 12.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
- 12.4.2 CHINA
- 12.4.2.1 Expanding AI applications in medical imaging and diagnostics to drive market growth
- 12.4.3 JAPAN
- 12.4.3.1 Strong healthcare infrastructure to drive uptake of advanced AI
- 12.4.4 INDIA
- 12.4.4.1 Favorable government initiatives for R&D investments to drive market
- 12.4.5 REST OF ASIA PACIFIC
- 12.5 LATIN AMERICA
- 12.5.1 MACROECONOMIC OUTLOOK FOR LATIN AMERICA
- 12.5.2 BRAZIL
- 12.5.2.1 AI initiatives to drive healthcare innovation and accessibility
- 12.5.3 MEXICO
- 12.5.3.1 AI to revolutionize healthcare delivery and outcomes
- 12.5.4 REST OF LATIN AMERICA
- 12.6 MIDDLE EAST & AFRICA
- 12.6.1 MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA
- 12.6.2 GCC COUNTRIES
- 12.6.2.1 AI-driven innovations and rising healthcare investments to propel market growth
- 12.6.3 REST OF MIDDLE EAST & AFRICA
13 COMPETITIVE LANDSCAPE
- 13.1 INTRODUCTION
- 13.2 KEY PLAYER STRATEGY/RIGHT TO WIN
- 13.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN AI IN HEALTHCARE MARKET
- 13.3 REVENUE ANALYSIS, 2019-2023
- 13.4 MARKET SHARE ANALYSIS, 2023
- 13.4.1 RANKING OF KEY MARKET PLAYERS
- 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 13.5.1 STARS
- 13.5.2 EMERGING LEADERS
- 13.5.3 PERVASIVE PLAYERS
- 13.5.4 PARTICIPANTS
- 13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 13.5.5.1 Company footprint
- 13.5.5.2 Region footprint
- 13.5.5.3 Application footprint
- 13.5.5.4 Tool footprint
- 13.5.5.5 Function footprint
- 13.5.5.6 Offering footprint
- 13.5.5.7 Deployment footprint
- 13.5.5.8 End-user footprint
- 13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 13.6.1 PROGRESSIVE COMPANIES
- 13.6.2 RESPONSIVE COMPANIES
- 13.6.3 DYNAMIC COMPANIES
- 13.6.4 STARTING BLOCKS
- 13.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 13.7 COMPANY VALUATION & FINANCIAL METRICS
- 13.7.1 FINANCIAL METRICS
- 13.7.2 COMPANY VALUATION
- 13.8 BRAND/PRODUCT COMPARISON
- 13.9 COMPETITIVE SCENARIO
- 13.9.1 PRODUCT LAUNCHES
- 13.9.2 DEALS
- 13.9.3 OTHER DEVELOPMENTS
14 COMPANY PROFILES
- 14.1 KEY PLAYERS
- 14.1.1 KONINKLIJKE PHILIPS N.V.
- 14.1.1.1 Business overview
- 14.1.1.2 Products & services offered
- 14.1.1.3 Recent developments
- 14.1.1.3.1 Product launches
- 14.1.1.3.2 Deals
- 14.1.1.3.3 Expansions
- 14.1.1.3.4 Other developments
- 14.1.1.4 MnM view
- 14.1.1.4.1 Right to win
- 14.1.1.4.2 Strategic choices
- 14.1.1.4.3 Weaknesses & competitive threats
- 14.1.2 MICROSOFT CORPORATION
- 14.1.2.1 Business overview
- 14.1.2.2 Products & services offered
- 14.1.2.3 Recent developments
- 14.1.2.3.1 Product launches
- 14.1.2.3.2 Deals
- 14.1.2.4 MnM view
- 14.1.2.4.1 Right to win
- 14.1.2.4.2 Strategic choices
- 14.1.2.4.3 Weaknesses & competitive threats
- 14.1.3 NVIDIA CORPORATION
- 14.1.3.1 Business overview
- 14.1.3.2 Products & services offered
- 14.1.3.3 Recent developments
- 14.1.3.3.1 Product launches
- 14.1.3.3.2 Deals
- 14.1.3.4 MnM view
- 14.1.3.4.1 Right to win
- 14.1.3.4.2 Strategic choices
- 14.1.3.4.3 Weaknesses & competitive threats
- 14.1.4 SIEMENS HEALTHINEERS AG
- 14.1.4.1 Business overview
- 14.1.4.2 Products & services offered
- 14.1.4.3 Recent developments
- 14.1.4.3.1 Product launches & enhancements
- 14.1.4.3.2 Deals
- 14.1.4.3.3 Other developments
- 14.1.4.4 MnM view
- 14.1.4.4.1 Right to win
- 14.1.4.4.2 Strategic choices
- 14.1.4.4.3 Weaknesses & competitive threats
- 14.1.5 GE HEALTHCARE
- 14.1.5.1 Business overview
- 14.1.5.2 Products & services offered
- 14.1.5.3 Recent developments
- 14.1.6 EPIC SYSTEMS CORPORATION
- 14.1.6.1 Business overview
- 14.1.6.2 Products & services offered
- 14.1.6.3 Recent developments
- 14.1.7 ORACLE
- 14.1.7.1 Business overview
- 14.1.7.2 Products & services offered
- 14.1.7.3 Recent developments
- 14.1.7.3.1 Product launches
- 14.1.7.3.2 Deals
- 14.1.8 VERADIGM LLC
- 14.1.8.1 Business overview
- 14.1.8.2 Products & services offered
- 14.1.8.3 Recent developments
- 14.1.9 AMAZON WEB SERVICES, INC.
- 14.1.9.1 Business overview
- 14.1.9.2 Products & services offered
- 14.1.9.3 Recent developments
- 14.1.9.3.1 Product launches
- 14.1.9.3.2 Deals
- 14.1.10 MERATIVE (IBM)
- 14.1.10.1 Business overview
- 14.1.10.2 Products & services offered
- 14.1.10.3 Recent developments
- 14.1.10.3.1 Product launches
- 14.1.10.3.2 Deals
- 14.1.11 MEDTRONIC
- 14.1.11.1 Business overview
- 14.1.11.2 Products & services offered
- 14.1.11.3 Recent developments
- 14.1.12 GOOGLE
- 14.1.12.1 Business overview
- 14.1.12.2 Products & services offered
- 14.1.12.3 Recent developments
- 14.1.12.3.1 Product launches
- 14.1.12.3.2 Deals
- 14.1.12.3.3 Other developments
- 14.1.13 SOPHIA GENETICS
- 14.1.13.1 Business overview
- 14.1.13.2 Products & services offered
- 14.1.13.3 Recent developments
- 14.1.14 JOHNSON & JOHNSON SERVICES, INC.
- 14.1.14.1 Business overview
- 14.1.14.2 Products & services offered
- 14.1.14.3 Recent developments
- 14.1.15 TEMPUS
- 14.1.15.1 Business overview
- 14.1.15.2 Products & services offered
- 14.1.15.3 Recent developments
- 14.1.15.3.1 Product launches & approvals
- 14.1.15.3.2 Deals
- 14.1.16 TERARECON (CONCERTAI)
- 14.1.16.1 Business overview
- 14.1.16.2 Products & services offered
- 14.1.16.3 Recent developments
- 14.1.16.3.1 Product launches & upgrades
- 14.1.16.3.2 Deals
- 14.1.17 3M
- 14.1.17.1 Business overview
- 14.1.17.2 Products & services offered
- 14.1.17.3 Recent developments
- 14.1.18 COGNIZANT
- 14.1.18.1 Business overview
- 14.1.18.2 Products & services offered
- 14.1.18.3 Recent developments
- 14.1.18.3.1 Product launches & upgrades
- 14.1.18.3.2 Deals
- 14.1.19 VIZ.AI, INC.
- 14.1.19.1 Business overview
- 14.1.19.2 Products & services offered
- 14.1.19.3 Recent developments
- 14.1.19.3.1 Product launches
- 14.1.19.3.2 Deals
- 14.1.19.3.3 Other developments
- 14.1.20 RIVERAIN TECHNOLOGIES
- 14.1.20.1 Business overview
- 14.1.20.2 Products & services offered
- 14.1.20.3 Recent developments
- 14.2 OTHER PLAYERS
- 14.2.1 QVENTUS
- 14.2.2 QURE.AI
- 14.2.3 ATOMWISE INC.
- 14.2.4 ENLITIC
- 14.2.5 SEGMED
15 APPENDIX
- 15.1 DISCUSSION GUIDE
- 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 15.3 CUSTOMIZATION OPTIONS
- 15.4 RELATED REPORTS
- 15.5 AUTHOR DETAILS