Medical imaging under artificial Intelligence in healthcare market should secure more than 40% growth to cross USD 2.5 billion by 2024, propelled by rising applications of AI in medical imaging and the deep learning techniques providing extraordinary performance for pattern recognition.
OCEAN VIEW, Del. — Global Market Insights, Inc. forecasts Artificial Intelligence in Healthcare Market to surpass 10 billion USD by 2024 driven by innovation in clinical research, growing applications in the field of genomics and robotic personal assistants.
With the evolving digital capacity, Artificial Intelligence in Healthcare Market is turning out to be a major game-changer for the overall healthcare fraternity. Growing usage of big data coupled with rising adoption of precision medicine is further expected to drive healthcare artificial intelligence industry. AI is widely adopted in the field of medical imaging, genomics, drug discovery to provide relevant insights pertaining to patient data monitoring, research, and risk analysis. The vast healthcare data have resulted into growing demand and need for AI technology.
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Healthcare artificial intelligence market finds its potential application in drug discovery, as AI plays a vital role in drug identification, discovery, screening, and design. The drug discovery application held 35% of the overall market share and is expected to attain gains at 40% over 2017-2024, collecting revenue worth USD 4 billion by 2024. Moreover, AI is also gaining prominence in medical imaging to improve the cancer diagnosis at an early stage. Healthcare artificial intelligence market from the medical imaging and diagnosis application is projected to exceed a revenue generation of USD 2.5 billion by 2024.
AI has significantly disrupted the traditional medical approach and is likely to transform the healthcare delivery model over the coming years. The industry is witnessing robust participation of the start-ups which depicts the huge commercialization the market is set to attain. In addition, the established players such as IBM, Microsoft, Cyrcadia Health, and Google are investing heavily to unleash the potential of healthcare artificial intelligence industry. As per the estimates, the market is slated to exceed a valuation of USD 10 billion by 2024.
Browse key industry insights spread across 105 pages with 35 market data tables & 8 figures & charts from the report, “Healthcare Artificial Intelligence Market”in detail along with the table of contents:
Federal authorities are encouraging the use of data analytics to transform US healthcare systems, which in turn is driving the regional Artificial Intelligence in Healthcare Market. Favorable business environment and intensive research activities carried out by the industry players to develop cost effective solutions is fueling the regional healthcare artificial intelligence market growth.
Growing prevalence of chronic diseases and rising geriatric population have encouraged regional authorities to harness the AI technology and improve healthcare delivery. Rapid adoption of big data is poised to boost the regional growth. Japan is a technological hub with the presence of several healthcare companies and universities. Growing focus on research & development of healthcare AI is likely to favor the regional Artificial Intelligence in Healthcare Market expansion.
Rising awareness toward the perks of AI technology coupled with favorable regulatory landscape will accelerate the demand for Artificial Intelligence in Healthcare Market.
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