Global Artificial Intelligence in Medicine Market Projected to Reach USD 15,000.00 Million By 2026

19-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Artificial Intelligence in Medicine Market By Component (Hardware, Software, Service), By Application (Robot Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Fraud Detection, Connected Machines, Clinical Trial, Preliminary Diagnosis, Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer, Others), and By Technology (Querying Method, Natural Language Processing, Context Aware Processing, Speech Recognition, Decision Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global artificial intelligence in medicine market in 2019 was around USD 800 million. The market is expected to grow at a CAGR of 49% and is anticipated to reach around USD 15,000 million by 2026.

Artificial Intelligence in Medicine Market

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Artificial intelligence in medicine has the probable to expressively convert the character of the doctor and revolutionize the preparation of medicine. Across changed medical specialties, and discusses the strengths as well as challenges, involving to this emergent technology. Doctors, particularly those in management roles, the necessity to be responsive to quickly AI is evolving in health, therefore they remain ready to main the modification essential for its acceptance through the health system. The AI is effective as persons in the analysis of various medical situations, and some cases, additional effective. Artificial intelligence in medicine is the usage of compound algorithms and software to emulate hominid thought in the inquiry of complex medical data. Exactly, AI is the skill for computer systems to estimated assumptions without thru human input.

Browse the full “Artificial Intelligence in Medicine Market By Component (Hardware, Software, Service), By Application (Robot Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Fraud Detection, Connected Machines, Clinical Trial, Preliminary Diagnosis, Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer, Others), and By Technology (Querying Method, Natural Language Processing, Context Aware Processing, Speech Recognition, Decision Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/artificial-intelligence-in-medicine-market-by-component-hardware-830

The growing application of artificial intelligence in the field of drug discovery. Growth of artificial intelligence in medicine consumes related to the development of AI programs intended to assist and help clinicians in making satisfying decisions, and the estimate of outcomes. They are designed to support health care employees in their daily duties, supplementary with responsibilities that trust on the influence of files and knowledge.

By component, the Artificial intelligence in medicine market is segmented as hardware, software, service. Artificial intelligence in medicine is the usage of compound procedures and software to match human thought in the analysis of complex medical files. Exactly, artificial intelligence is the facility for computer systems to estimated assumptions without direct human input.

By Application, artificial intelligence in the medicine market is segmented as preliminary diagnosis,robot-assisted surgery, connected machines, virtual nursing assistants, clinical trial, administrative workflow assistance, fraud detection, others. Artificial intelligence in medicine used in fraud detection has increased owing to the growing frequency of healthcare fraud that consumes controlled to greater problems for the healthcare manufacturing as well as compensation organization. The fraud includes misrepresentation and the intended proposal of false claims.

ByEnd-User, the artificial intelligence in the medicine market is a segmented as healthcare provider, pharmaceutical & biotechnology company, patient, payer, others. Artificial intelligence in medicine use of automatic algorithms to achieve tasks which usually depend on humanoid intelligence. The use of artificial intelligence in the pharmaceutical & biotechnology company takes redefined how scientists progress new drugs, diseases, and more.

By Technology, the artificial intelligence in medicine market is segmented as querying method, natural language processing, context-aware processing, speech recognition, decision management, others. Artificial intelligence in medicine is progressively actuality accepted through the healthcare company, and several of the greatest moving Artificial intelligence applications influence natural language processing (NLP). Put, NLP is a particular branch of AI focused on the analysis and operation of human-generated written data.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 800 Million

Projected Market Size in 2026

USD 15,000 Million

CAGR Growth Rate

49% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

LabsInc, Welltok, CloudMedx Inc., Siemens Healthcare GmbH, Nvidia Corporation, Enclitic, Next IT Corp., General Electric, General Vision, Google Inc, IBM Corporation, iCarbonX, Koninklijke Philips, maxQ, Microsoft, and Others

Key Segment

By Component, Application, End-User, Technology, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Some of the leading players in the global market include

LabsInc, Welltok, CloudMedx Inc., Siemens Healthcare GmbH, Nvidia Corporation, Enclitic, Next IT Corp., General Electric, General Vision, Google Inc, IBM Corporation, iCarbonX, Koninklijke Philips, maxQ, Microsoft, and others.

This report segments the artificial intelligence in medicine market as follows:

By Component Segmentation Analysis

  • Hardware
  • Software
  • Service

By Application Segmentation Analysis

  • Robot Assisted Surgery
  • Virtual Nursing Assistants
  • Administrative Workflow Assistance
  • Fraud Detection
  • Connected Machines
  • Clinical Trial
  • Preliminary Diagnosis
  • Others(Dosage Error Reduction, Cybersecurity, Etc.)

By End-User Segmentation Analysis

  • Healthcare Provider
  • Pharmaceutical & Biotechnology Company
  • Patient
  • Payer
  • Others

By Technology Segmentation Analysis

  • Querying Method
  • Natural Language Processing
  • Context Aware Processing
  • Speech Recognition
  • Decision Management
  • Others(Biometrics, AI Modeling, Etc.)

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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