Artificial Intelligence in Healthcare Market 2023 | Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Artificial Intelligence in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global artificial intelligence in healthcare market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the artificial intelligence in healthcare market?

Report Attributes

The global artificial intelligence in healthcare market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2028, exhibiting a growth rate (CAGR) of 29.8% during 2023-2028.

What is artificial intelligence in healthcare?

Artificial intelligence (AI) in healthcare involves using software programs with advanced algorithms that mimic human senses to analyze, interpret, and understand medical data. It relies on complex algorithms and software programs that evaluate disease symptoms and patterns and can provide healthcare professionals with improved support, guidance, and feedback. Furthermore, AI has numerous applications beyond clinical diagnoses, such as drug development, customized treatment plans, personalized medicines, and patient monitoring. The integration of AI in healthcare has made drug discovery and development more innovative, cost-effective, and time efficient. It allows the use of machine learning (ML) and natural language processing to treat mood and mental health disorders. Additionally, it also aids in the development of intelligent personal health recorders, including electronic medical records (EMRs) and wearable devices. Due to recent technological advancements, individuals can now monitor their health status through smart wearable devices. At present, AI in healthcare is gaining immense traction in healthcare systems across the globe to accurately predict diseases in their early stage based on historical health datasets. 

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/artifical-intelligence-healthcare-market/requestsample

What are the growth prospects and trends in the artificial intelligence in healthcare industry?

The global artificial intelligence in the healthcare market is primarily driven by the increasing adoption of robots for surgical and rehabilitation procedures to perform minimally invasive surgeries for orthopedic, neurologic, and laparoscopic disorders with high efficiency. Moreover, the rising demand for medical devices and systems equipped with AI that facilitates convenient and secure data management, which offers personalized diagnostic and pharmaceutical services, is positively influencing the market growth. Apart from this, the expanding elderly population and their reliance on healthcare services have augmented the product demand. Additionally, the surging incorporation of AI into elderly care products, such as smart devices for assisted living, virtual companions, and fall detection systems, has catalyzed market growth. These empathic robots can also offer care to patients with physical and mental disabilities, whereas industrial robots are used to perform routine tasks in healthcare facilities. Furthermore, the rising need for reducing medical costs and addressing the shortage of healthcare professionals and the growing patient population is contributing to the market growth. For instance, AI-powered imaging tools can screen chest X-rays for signs of tuberculosis, reducing the need for human intervention and addressing resource constraints. Besides this, extensive investments by various companies in healthcare AI startups in 2019 is another major growth-inducing factor. Other factors, including rapid digitalization of the healthcare sector, ongoing research and development (R&D) activities, and implementation of favorable healthcare policies by governments of various countries, are also anticipated to drive the market further. 

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Breakup by Technology:

Breakup by Application:

Breakup by End-User:

Breakup by Region:

Who are the key players operating in the industry?

The report covers the major market players including:

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=2079&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group