Global Artificial Intelligence in Medicine Market
By Application (Hospital Workflow, Medical Imaging & Diagnosis, Therapy Planning, and Drug Discovery), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global artificial intelligence in medicine market was valued at US $ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Artificial Intelligence in Medicine Market
Artificial intelligence helps in the adjustment of new inputs and perform human-like tasks. Artificial intelligence in medicine helps in the use of software and algorithms to approximate human cognition in analyzing complex medical data. Artificial intelligence is the ability for computer algorithms to approximate conclusions without direct human input.
Market Dynamics: Artificial Intelligence in Medicine Market
The advancements in technology are adding fuel for the growth of the artificial intelligence in medicine market. The emergence of novel applications of disease diagnosis and its monitoring is fueling the growth of the artificial intelligence in medicine market. The advent of robotic personal assistants and factors such as reduction of workload and manpower are boosting the growth of the market. The increased demand for quality delivery and rise in volume of the healthcare data is enhancing the growth of the artificial intelligence in medicine market. However, the high initial investment over the machines may hinder the growth of the artificial intelligence in medicine market.
Market Scope: Artificial Intelligence in Medicine Market
The market is segmented based on the application
Based on the application, the market is segmented into the following:
- Hospital Workflow
- Medical Imaging & Diagnosis
- Therapy Planning
- Drug Discovery
Regional Analysis: Artificial Intelligence in Medicine Market
Geographically, global artificial intelligence in medicine market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America artificial intelligence in medicine market is growing due to its deep-rooted healthcare infrastructure. The higher adoption of the advanced treatment options is another factor adding fuel for the growth of the market in this region. The Europe artificial intelligence in medicine market is falling next to North America. The Asia Pacific region is expected to grow over the forecast period owing to its growing awareness among the people regarding the treatment options associated with artificial intelligence.
Competition Assessment: Artificial Intelligence in Medicine Market
Some of the players in the global artificial intelligence in medicine market include:
- IBM Corporation (US)
- Intel Corporation (US)
- Google, Inc. (US)
- NVIDIA Corporation (US)
- Microsoft Corporation (US)
- iCarbonX (China)
- Next IT Corp. (US)
- CloudMedx Inc. (US)
- Carescore (US)
- Johnson & Johnson (US)
- Welltok, Inc. (US)
- General Vision, Inc. (US)
Notable Market Developments: Artificial Intelligence in Medicine Market
- In January 2018, Inspirata has acquired Toronto-based Artificial Intelligence in Medicine, Inc.
Key Features of the Report:
- The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
