Medical Artificial Intelligence Market was valued at USD 6.9 Billion in 2022 and is projected to reach USD 30.9 Billion by 2030, growing at a CAGR of 20.4% from 2024 to 2030.
The global Medical Artificial Intelligence (AI) market was valued at approximately USD 11.4 billion in 2022 and is projected to grow at a robust compound annual growth rate (CAGR) of 37.4% from 2023 to 2030. This significant growth trajectory is driven by the increasing adoption of AI technologies in healthcare for applications such as diagnostics, personalized medicine, and patient management systems. The burgeoning demand for AI-powered tools is fueled by the need for improved diagnostic accuracy, streamlined clinical workflows, and the rising prevalence of chronic diseases which require innovative treatment solutions.
Emerging opportunities within the Medical AI sector include advancements in AI-driven imaging systems, predictive analytics, and virtual health assistants. The integration of AI with electronic health records (EHRs) and the development of robust machine learning algorithms present substantial potential for market expansion. Additionally, the growing focus on AI solutions for drug discovery and development, coupled with rising investments in AI research and development, are expected to further enhance the market landscape. As healthcare providers and stakeholders continue to seek ways to leverage AI for operational efficiency and enhanced patient care, the market is poised for continued growth and innovation.
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Ali Health
Ping An Healthcare And Technology Company Limited.
Tencent
Tianjin Happy Life Technology Co.
Ltd.
WeDoctor
Beijing Dongruan Wanghai Technology Co.
Ltd.
Unisound AI Technology Co.
Ltd.
iCarbonX
Spring Rain Software
Infervision Technology
Zhejiang Taimei Medical Technology Co.
Ltd
Sipai(Beijing)Network Techology Co.
Ltd.
TINAVI Medical Technologies Co.
Ltd.
Anhui iFLYHealth Co.
Ltd.
Spiritual Doctor Zhihui
General Electric
Medtronic
Johnson
Siemens
Nvidia Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Artificial Intelligence Market
Hospital
Medical Institutions
Others
Based on Types the Market is categorized into Below types that held the largest Medical Artificial Intelligence market share In 2023.
Disease Risk Prediction
Medical Imaging Assisted Diagnosis
Clinical Auxiliary Diagnosis And Treatment
Smart Health Management
Intelligent Hospital Management
Virtual Assistant
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Artificial Intelligence Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Artificial Intelligence Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Artificial Intelligence Market, By Type
6. Global Medical Artificial Intelligence Market, By Application
7. Global Medical Artificial Intelligence Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medical Artificial Intelligence Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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