Market Overview:
The global artificial intelligence in healthcare service market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for AI-based services for precision medicine, patient data and risk analysis, lifestyle management and monitoring, medical imaging and diagnosis, and in-patient care and hospital management. In addition, the growing adoption of robotic process automation (RPA) is also contributing to the growth of this market. However, lack of awareness about AI-based services among healthcare providers is restraining the growth of this market. On the basis of type, machine learning-neural networks and deep learning segment accounted for a major share in 2017 owing to its ability to provide accurate results with high speed processing. On the basis on application; patient data & risk analysis segment held a dominant position in 2017 due its ability identify risks associated with patients early thereby preventing potential health problems from arising later on .
Product Definition:
Artificial Intelligence in Healthcare Service is the application of artificial intelligence technology to healthcare industry. It can be used to diagnose and predict health issues, manage patient data, provide recommendations for treatment, and more. The importance of Artificial Intelligence in Healthcare Service is that it can help improve the quality and efficiency of healthcare delivery.
Machine Learning-Neural Networks And Deep Learning:
The global machine learning-neural networks and deep learning, it's usage and growth factor in artificial intelligence in healthcare service market size was valued at USD 6.8 billion in 2017. It is anticipated to exhibit a CAGR of XX% over the forecast period. The rising adoption of advanced technologies for data analysis by healthcare organizations is one of the key factors driving the market growth.
Natural Language Processing:
Natural language processing (NLP) is the study of computer programs that can recognize and analyze human speech. It aims at providing computers the ability to understand natural language (that is, human languages). NLP has applications in areas such as information extraction, Summarization, understanding text contextually, sentiment analysis, data mining for social media analysis etc.
Application Insights:
The patient data and risk analysis segment dominated the market in 2017. This can be attributed to growing adoption of these services for fraud detection, diagnosis of rare diseases, and other purposes. The lifestyle management and monitoring application is also expected to witness significant growth over the forecast period owing to increasing demand for such services from patients as well as healthcare professionals.
The medical imaging and diagnosis segment is anticipated to grow at a lucrative rate over the forecast period due to increasing demand for AI-enabled image processing solutions across various applications in radiology such as tumor screening, breast imaging, heart disease procedures, lung cancer screening among others. Moreover, an increase in R&D investments by major players such as Google LLC., Microsoft Corporation., Amazon Robotics LLC., Apple Inc., Facebook AI Research Pvt Ltd., Huawei Technologies Co., Ltd.; Otsuka Pharmaceutical Co.; Panasonic Corporation; Samsung Electronics Co.; Medis Group; Atos SE; Koninklijke Philips N.V.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, increased funding for R&D activities, and high adoption rate of new technologies. Moreover, increasing demand for technologically advanced healthcare solutions is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising investments by governments and private organizations in order to improve healthcare services delivery at a domestic level as well as increase patient awareness levels regarding available treatment options. Furthermore, growing penetration rates of artificial intelligence-based systems in emerging economies such as China and India are further expected to fuel regional market growth over the next eight years (2030). However, certain developing countries such as Japan may face some challenges due their low adoption rates compared with developed nations such as U.S., which may hinder their progress significantly (Kumar & Srinivasan 2018).
Growth Factors:
- Increasing demand for AI-enabled healthcare services from patients and providers
- Rising prevalence of chronic diseases and geriatric population
- Proliferation of big data in the healthcare sector
- Development of innovative AI technologies for diagnosis and treatment of diseases
- Growing investments in research and development of AI-based healthcare solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Intelligence In Healthcare Service Market Research Report
By Type
Machine Learning-Neural Networks And Deep Learning, Natural Language Processing, Rule-Based Expert Systems, Physical Robots, Robotic Process Automation, Other
By Application
Patient Data and Risk Analysis, Lifestyle Management and Monitoring, Precision Medicine, In-Patient Care and Hospital Management, Medical Imaging and Diagnosis, Other
By Companies
IBM, Microsoft, Enlitic, Arterys, Atomwise, Freenome, Butterfly Network, Jvion, Apixio, Roche(Flatiron Health), Ayasdi, Welltok
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Intelligence In Healthcare Service Market Report Segments:
The global Artificial Intelligence In Healthcare Service market is segmented on the basis of:
Types
Machine Learning-Neural Networks And Deep Learning, Natural Language Processing, Rule-Based Expert Systems, Physical Robots, Robotic Process Automation, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Patient Data and Risk Analysis, Lifestyle Management and Monitoring, Precision Medicine, In-Patient Care and Hospital Management, Medical Imaging and Diagnosis, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Enlitic
- Arterys
- Atomwise
- Freenome
- Butterfly Network
- Jvion
- Apixio
- Roche(Flatiron Health)
- Ayasdi
- Welltok
Highlights of The Artificial Intelligence In Healthcare Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Machine Learning-Neural Networks And Deep Learning
- Natural Language Processing
- Rule-Based Expert Systems
- Physical Robots
- Robotic Process Automation
- Other
- By Application:
- Patient Data and Risk Analysis
- Lifestyle Management and Monitoring
- Precision Medicine
- In-Patient Care and Hospital Management
- Medical Imaging and Diagnosis
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Artificial Intelligence In Healthcare Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Artificial intelligence (AI) is a computer science technique that allows machines to u201clearnu201d from data and make decisions on their own. In healthcare service, AI can be used to improve the accuracy of patient diagnoses, recommend treatments, and manage care plans.
Some of the major players in the artificial intelligence in healthcare service market are IBM, Microsoft, Enlitic, Arterys, Atomwise, Freenome, Butterfly Network, Jvion, Apixio, Roche(Flatiron Health), Ayasdi, Welltok.
The artificial intelligence in healthcare service market is expected to grow at a compound annual growth rate of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Intelligence In Healthcare Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Artificial Intelligence In Healthcare Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Artificial Intelligence In Healthcare Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Artificial Intelligence In Healthcare Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Artificial Intelligence In Healthcare Service Market Size & Forecast, 2018-2028
4.5.1 Artificial Intelligence In Healthcare Service Market Size and Y-o-Y Growth
4.5.2 Artificial Intelligence In Healthcare Service Market Absolute $ Opportunity
Chapter 5 Global Artificial Intelligence In Healthcare Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Artificial Intelligence In Healthcare Service Market Size Forecast by Type
5.2.1 Machine Learning-Neural Networks And Deep Learning
5.2.2 Natural Language Processing
5.2.3 Rule-Based Expert Systems
5.2.4 Physical Robots
5.2.5 Robotic Process Automation
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Intelligence In Healthcare Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
6.2.1 Patient Data and Risk Analysis
6.2.2 Lifestyle Management and Monitoring
6.2.3 Precision Medicine
6.2.4 In-Patient Care and Hospital Management
6.2.5 Medical Imaging and Diagnosis
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Intelligence In Healthcare Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Intelligence In Healthcare Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Artificial Intelligence In Healthcare Service Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Intelligence In Healthcare Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Artificial Intelligence In Healthcare Service Market Size Forecast by Type
9.6.1 Machine Learning-Neural Networks And Deep Learning
9.6.2 Natural Language Processing
9.6.3 Rule-Based Expert Systems
9.6.4 Physical Robots
9.6.5 Robotic Process Automation
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
9.10.1 Patient Data and Risk Analysis
9.10.2 Lifestyle Management and Monitoring
9.10.3 Precision Medicine
9.10.4 In-Patient Care and Hospital Management
9.10.5 Medical Imaging and Diagnosis
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Artificial Intelligence In Healthcare Service Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Intelligence In Healthcare Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Artificial Intelligence In Healthcare Service Market Size Forecast by Type
10.6.1 Machine Learning-Neural Networks And Deep Learning
10.6.2 Natural Language Processing
10.6.3 Rule-Based Expert Systems
10.6.4 Physical Robots
10.6.5 Robotic Process Automation
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
10.10.1 Patient Data and Risk Analysis
10.10.2 Lifestyle Management and Monitoring
10.10.3 Precision Medicine
10.10.4 In-Patient Care and Hospital Management
10.10.5 Medical Imaging and Diagnosis
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Artificial Intelligence In Healthcare Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Intelligence In Healthcare Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Artificial Intelligence In Healthcare Service Market Size Forecast by Type
11.6.1 Machine Learning-Neural Networks And Deep Learning
11.6.2 Natural Language Processing
11.6.3 Rule-Based Expert Systems
11.6.4 Physical Robots
11.6.5 Robotic Process Automation
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
11.10.1 Patient Data and Risk Analysis
11.10.2 Lifestyle Management and Monitoring
11.10.3 Precision Medicine
11.10.4 In-Patient Care and Hospital Management
11.10.5 Medical Imaging and Diagnosis
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Artificial Intelligence In Healthcare Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Intelligence In Healthcare Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Artificial Intelligence In Healthcare Service Market Size Forecast by Type
12.6.1 Machine Learning-Neural Networks And Deep Learning
12.6.2 Natural Language Processing
12.6.3 Rule-Based Expert Systems
12.6.4 Physical Robots
12.6.5 Robotic Process Automation
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
12.10.1 Patient Data and Risk Analysis
12.10.2 Lifestyle Management and Monitoring
12.10.3 Precision Medicine
12.10.4 In-Patient Care and Hospital Management
12.10.5 Medical Imaging and Diagnosis
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Artificial Intelligence In Healthcare Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Intelligence In Healthcare Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Artificial Intelligence In Healthcare Service Market Size Forecast by Type
13.6.1 Machine Learning-Neural Networks And Deep Learning
13.6.2 Natural Language Processing
13.6.3 Rule-Based Expert Systems
13.6.4 Physical Robots
13.6.5 Robotic Process Automation
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Artificial Intelligence In Healthcare Service Market Size Forecast by Applications
13.10.1 Patient Data and Risk Analysis
13.10.2 Lifestyle Management and Monitoring
13.10.3 Precision Medicine
13.10.4 In-Patient Care and Hospital Management
13.10.5 Medical Imaging and Diagnosis
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Intelligence In Healthcare Service Market: Competitive Dashboard
14.2 Global Artificial Intelligence In Healthcare Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Enlitic
14.3.4 Arterys
14.3.5 Atomwise
14.3.6 Freenome
14.3.7 Butterfly Network
14.3.8 Jvion
14.3.9 Apixio
14.3.10 Roche(Flatiron Health)
14.3.11 Ayasdi
14.3.12 Welltok
