Global Artificial Intelligence (AI) in Healthcare Market: By Offering (Hardware, Software, and Services), Algorithm (Deep Learning, Querying Method, Natural Language Processing, and Context Aware Processing), Application, and End User and Region - Industry Analysis and Forecast to 2025
The global Artificial Intelligence (AI) in Healthcare market is expected to grow from USD 5.12 billion in 2020 to USD 56.21 billion by 2025 at a CAGR of 43.7%
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global AI in Healthcare market. The historic years considered for the study are 2016-2018, base year is 2019, estimated year is 2020, and forecast period is 2021-2025.
Key players operating in the global Artificial Intelligence in Healthcare market are NVIDIA Corporation, Intel Corporation, International Business Machines Corporation, Google Inc., Microsoft Corporation, General Vision, Inc., General Electric, Siemens Healthineers, Medtronic plc, Johnson & Johnson Services, Inc., and Koninklijke Philips N.V.
Market Definition
The use of complicated algorithms and software to evaluate human wellbeing is known as Artificial intelligence in healthcare. Artificial intelligence has the capability to arrive at conclusions without any human input.
Market Drivers
• Low expenditure on healthcare
• Growing number of industry partnerships & collaboration
Market Restraints
• Hesitancy among medical professionals to adopt AI-based technologies
Market Opportunities
• Increased cross-industry collaborations
Critical Questions Answered in the Report
• What are the key trends in the global Artificial Intelligence (AI) in Healthcare market?
• How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
• What are the key strategies adopted by the major vendors to lead in the global Artificial Intelligence (AI) in Healthcare market?
• What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Low expenditure on healthcare
4.2.2 Growing number of industry partnerships & collaboration
4.3 Restraints
4.3.1 Hesitancy among medical professionals to adopt AI-based technologies
4.4 Opportunities
4.4.1 Increased cross-industry collaborations
4.5 Porter's Five Forces Model Analysis
4.6 Value Chain Analysis
4.7 Regulatory Landscape
5 Global Artificial Intelligence (AI) in Healthcare Market, By Offering
5.1 Introduction
5.2 Hardware
5.3 Software
5.4 Services
6 Global Artificial Intelligence (AI) in Healthcare Market, By Algorithm
6.1 Introduction
6.2 Deep Learning, Querying Method
6.3 Natural Language Processing
6.4 Context Aware Processing
7 Global Artificial Intelligence (AI) in Healthcare Market, By Application
7.1 Introduction
7.2 Robot-Assisted Surgery
7.3 Virtual Nursing Assistant
7.4 Administrative Workflow Assistance
7.5 Fraud Detection
7.6 Dosage Error Reduction
7.7 Clinical Trial Participant Identifier
7.8 Preliminary Diagnosis
7.9 Others
8 Global Artificial Intelligence (AI) in Healthcare Market, By End User
8.1 Introduction
8.2 Healthcare Providers
8.3 Pharmaceutical & Biotechnology Companies
8.4 Patients
8.5 Healthcare Payers
8.6 Others
9 Global Artificial Intelligence (AI) in Healthcare Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 Middle East and Africa
9.6 South America
10 Competitive Landscape
10.1 Introduction
10.2 Vendor Evaluation Criteria
10.3 Market Share Analysis, 2019 (%)
10.4 Recent Developments, 2016-2019
10.4.1 New Product Launches
10.4.2 Partnerships
10.4.3 Mergers or Acquisitions
10.4.4 Business Expansions
11 Company Profiles
(This section covers the Business Overview, Financial Overview, Product Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
11.1 NVIDIA Corporation
11.2 Intel Corporation
11.3 International Business Machines Corporation
11.4 Google Inc.
11.5 Microsoft Corporation
11.6 General Vision, Inc.
11.7 General Electric
11.8 Siemens Healthineers
11.9 Medtronic plc
11.10 Johnson & Johnson Services, Inc.
11.11 Koninklijke Philips N.V.
12 Appendix
12.1 Discussion Guide
12.2 Customization Options
12.3 Related Reports
List of Tables
Table 1 Global Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 2 Global Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 3 Global Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 4 Global Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 5 Global Artificial Intelligence (AI) in Healthcare Market, By Region, 2015-2024 (USD Million)
Table 6 North America Artificial Intelligence (AI) in Healthcare Market, By Country, 2015-2024 (USD Million)
Table 7 North America Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 8 North America Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 9 North America Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 10 North America Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 11 US Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 12 US Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 13 US Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 14 US Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 15 Canada Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 16 Canada Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 17 Canada Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 18 Canada Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 19 Mexico Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 20 Mexico Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 21 Mexico Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 22 Mexico Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 23 Europe Artificial Intelligence (AI) in Healthcare Market, By Country, 2015-2024 (USD Million)
Table 24 Europe Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 25 Europe Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 26 Europe Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 27 Europe Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 28 Germany Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 29 Germany Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 30 Germany Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 31 Germany Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 32 UK Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 33 UK Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 34 UK Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 35 UK Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 36 France Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 37 France Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 38 France Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 39 France Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 40 Italy Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 41 Italy Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 42 Italy Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 43 Italy Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 44 Spain Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 45 Spain Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 46 Spain Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 47 Spain Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 48 Rest of Europe Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 49 Rest of Europe Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 50 Rest of Europe Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 51 Rest of Europe Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 52 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Country, 2015-2024 (USD Million)
Table 53 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 54 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 55 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 56 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 57 China Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 58 China Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 59 China Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 60 China Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 61 India Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 62 India Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 63 India Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 64 India Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 65 Japan Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 66 Japan Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 67 Japan Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 68 Japan Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 69 South Korea Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 70 South Korea Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 71 South Korea Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 72 South Korea Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 73 Rest of Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 74 Rest of Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 75 Rest of Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 76 Rest of Asia-Pacific Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 77 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 78 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 79 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 80 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
Table 81 South America Artificial Intelligence (AI) in Healthcare Market, By Offering, 2015-2024 (USD Million)
Table 82 South America Artificial Intelligence (AI) in Healthcare Market, By Algorithm, 2015-2024 (USD Million)
Table 83 South America Artificial Intelligence (AI) in Healthcare Market, By Application, 2015-2024 (USD Million)
Table 84 South America Artificial Intelligence (AI) in Healthcare Market, By End User, 2015-2024 (USD Million)
List of Figures
Figure 1 Global Artificial Intelligence (AI) in Healthcare Market: Market Segmentation
Figure 2 Global Artificial Intelligence (AI) in Healthcare Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Artificial Intelligence (AI) in Healthcare Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Artificial Intelligence (AI) in Healthcare Market: Porter's Five Forces Model Analysis
Figure 9 Global Artificial Intelligence (AI) in Healthcare Market: Value Chain Analysis
Figure 10 Global Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 11 Global Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 12 Global Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 13 Global Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 14 Global Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Region, 2019 and 2024
Figure 15 North America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Country, 2019 and 2024
Figure 16 North America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 17 North America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 18 North America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 19 North America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 20 Europe Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Country, 2019 and 2024
Figure 21 Europe Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 22 Europe Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 23 Europe Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 24 Europe Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 25 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Country, 2019 and 2024
Figure 26 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 27 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 28 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 29 Asia-Pacific Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 30 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 31 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 32 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 33 Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 34 South America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Offering, 2019 and 2024
Figure 35 South America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Algorithm, 2019 and 2024
Figure 36 South America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By Application, 2019 and 2024
Figure 37 South America Artificial Intelligence (AI) in Healthcare Market Share Analysis, By End User, 2019 and 2024
Figure 38 Global Artificial Intelligence (AI) in Healthcare Market: Competitive Benchmarking
Figure 39 Global Artificial Intelligence (AI) in Healthcare Market: Vendor Share Analysis, 2019 (%)