The Medical AI Market study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Medical AI Industry is its growth rate. Many major technology players – including Activ Surgical, Inc., Atomwise, Inc., Babylon Health, BenevolentAI, Butterfly Network, Inc., Freenome, General Electric Company, International Business Machines Corporation (IBM), Koninklijke Philips N.V., Nuance Communications, Inc., Nvidia Corporation, Olive, Siemens Healthineers AG, Viz.ai, Inc. & Zebra Medical Vision Ltd etc have been looking into Medical AI as a way to increase their market share and reach towards consumers.
Industries and key technological segments are evolving; navigate these changes with latest insights released on Medical AI Market Study
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Major Highlights of Medical AI Market Report
1) Why this market research study would be beneficial?
– The study guides Medical AI companies with strategic planning to ensure they realize and drive business value from their plans for growth strategy.
2) How scope of study is defined?
– The Medical AI market is composed of different product/ service offering type, each with its own business models and technology. They include:
Type: , Segmentation by product type:, AI-Integrated Hardware, Software & Services;
Application: Medical Imaging and Diagnosis, Data Management, Telemedicine, Remote Monitoring and Lifestyle Management, Robot-Assisted Surgery, Drug Discover and Clinical Trials, Virtual Assistance & Others;
**Further breakdown / Market segmentation can be provided; subject to availability and feasibility of data.
3) Why Medical AI Market would define new growth cycle ?
– Analysis says that Medical AI Companies that have continues to invest in new products and services including via acquisitions have seen sustainable growth, whereas one with slower R&D investment growth have become stagnant. Technology companies with annual R&D growth over 20% have outperformed their peer group in revenue growth.
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Research shows that Medical AI companies have increased R&D spend and accelerated merger & acquisitions. The industry has one of the fastest innovation cycles studied across industry/applications such as Medical Imaging and Diagnosis, Data Management, Telemedicine, Remote Monitoring and Lifestyle Management, Robot-Assisted Surgery, Drug Discover and Clinical Trials, Virtual Assistance & Others. To realize value they intend, companies like Activ Surgical, Inc., Atomwise, Inc., Babylon Health, BenevolentAI, Butterfly Network, Inc., Freenome, General Electric Company, International Business Machines Corporation (IBM), Koninklijke Philips N.V., Nuance Communications, Inc., Nvidia Corporation, Olive, Siemens Healthineers AG, Viz.ai, Inc. & Zebra Medical Vision Ltd etc need to continuously evaluate their governance, risks and control, infrastructure, and talent to aligned planned growth strategies with their operating business models.
To comprehend Medical AI market dynamics, the market study is analysed across major geographical regions/country
• North America: United States, Canada, and Mexico
• South & Central America: Argentina, Chile, Brazil and Others
• Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
• Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
Important Years in Medical AI Market Study Major trends of Medical AI Market using final data for 2019 and previous years, as well as quarterly or annual reports for 2020. In general, Years considered in the study i.e., base year as 2020, Historical data considered as 2016-2020 and Forecast time frame is 2021-2026.
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The Medical AI study is a perfectly designed with mix of both statistically relevant quantitative data from industry, coupled with insightful qualitative comment and analysis from Industry experts and consultants. To ascertain a deeper view; Medical AI Market Size by key business segments and applications for each of above listed region/country is provided along with competitive landscape that includes Comparative Market Share Analysis by Players (M USD) (2019-2021E) and market concentration rate of Medical AI Industry in 2020.
In-depth company profiles for 15+ Medical AI leading and emerging players that covers 3-years financial history, swot analysis and other vital information like legal name, website, headquarter, % market share and position, distribution and marketing channels and latest developments.
Driving and maintaining growth continues to be a top-of mind issue for Boards, CXOs, and investors in the Technology industry. Medical AI companies and the chain of services supporting them are facing profound business challenges majorly from three factors:
1. The explosive rate at which competitors and Medical AI industry is growing.
2. The amount of growth that is driven by innovation in technologies, value propositions, products and services.
3. The speed at which innovations needs to be furnished in order to drive growth in Medical AI Market.
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