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.
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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
Artificial intelligence in medicine 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
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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.
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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.
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