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Artificial Intelligence in Healthcare Market Size By Application, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Published: | Global Market Insights Inc. | 120 Pages | Delivery time: 2-3 business days

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Artificial Intelligence in Healthcare Market Size By Application, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
Published: October 20, 2021
Global Market Insights Inc.
Content info: 120 Pages
Delivery time: 2-3 business days
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Description

The healthcare artificial intelligence market is anticipated to expand substantially by 2027 on account of increasing emphasis on improving patient care. Additionally, widespread application of artificial intelligence (AI) in the healthcare industry and its potential for future applications is estimated to fuel product demand over the forecast period.

The advent of AI technologies has benefitted the healthcare industry in terms of better quality of patient care, speedier drug discovery, data analysis, and reduced administrative burdens. It has also significantly contributed towards making accurate diagnosis and treatment predictions.

In addition, the healthcare system has been burdened with increasing number of hospitalizations attributable to the ongoing COVID-19 outbreak. This has amplified the need for a well-functioning healthcare AI infrastructure to handle vast amounts of structured and unstructured data. Notably, latest technological advancements and innovations undertaken by key industry participants have propelled market adoption in recent years.

Moreover, industry players are adopting strategic initiatives to accommodate surging demand for AI-integrated healthcare services worldwide, which has favorably impacted the overall market dynamics. For instance, in July 2021, SOPHiA GENETICS, a leading healthcare technology company, inked a partnership agreement with GE Healthcare, a prominent medical technology company, to develop novel AI-enabled analytics to cater to the biopharma and clinical markets.

Under the agreement, GE Healthcare combined its Edison platform-enabled data aggregation, as well as its medical imaging and monitoring capabilities, with SOPHiA's cloud-based software-as-a-service analytics genomic insights platform, dubbed the SOPHiA DDMTM, and related solutions, which are available across over 750 hospitals, laboratories, and biopharma companies.

In another instance, in July 2021, NVIDIA, a global technology firm, launched the UK's most powerful supercomputer, dubbed Cambridge-1, which has been designed to assist healthcare practitioners and scientists in the advancement of digital biology and life sciences. The combination of simulation and AI technology has been developed with the aim of accelerating the rate of drug discoveries and expediting medical treatments in the country.

The healthcare artificial intelligence market has been bifurcated on the basis of application and region. With respect to application, the market has further been segregated into wearables, medical imaging & diagnosis, therapy planning, virtual assistants, hospital workflow, drug discovery, and others. In 2020, the therapy planning sub-segment was valued at over USD 543.1 million and is set to expand at a steady pace over 2021-2027.

From the regional point of view, the Latin America healthcare artificial intelligence market held around 3.0% share in the overall industry revenue in 2020 and is slated to witness optimistic growth over the forecast timeline. Meanwhile, the Middle East & Africa healthcare artificial intelligence industry is foreseen to amass notable gains by 2027, progressing at a CAGR of more than 33.4% over the analysis period.

Table of Contents
Product Code: 1557

Table of Contents

Chapter 1 Methodology

  • 1.1 Market definitions
  • 1.2 Base estimates & working
  • 1.3 Forecast calculations
  • 1.4 Data validation
  • 1.5 Data Sources
    • 1.5.1 Secondary
      • 1.5.1.1 Paid sources
      • 1.5.1.2 Unpaid sources
    • 1.5.2 Primary

Chapter 2 Executive Summary

  • 2.1 Healthcare artificial intelligence industry 360 degree synopsis, 2016-2027
    • 2.1.1 Business trends
    • 2.1.2 Application trends
    • 2.1.3 Regional trends

Chapter 3 Healthcare Artificial Intelligence Industry Insights

  • 3.1 Industry segmentation
  • 3.2 Industry landscape, 2016 - 2027
  • 3.3 Industry impact forces
    • 3.3.1 Growth drivers
      • 3.3.1.1 Rising adoption of healthcare artificial intelligence in research areas
      • 3.3.1.2 Increasing range of future applications
      • 3.3.1.3 Advancements in big data analytics
      • 3.3.1.4 Favorable funding scenario in China and Singapore
      • 3.3.1.5 Potential to increase quality of care delivery
    • 3.3.2 Industry pitfalls & challenges
      • 3.3.2.1 High initial capital requirement
      • 3.3.2.2 Security concerns regarding patient data
      • 3.3.2.3 Difficulty in deployment
  • 3.4 Growth potential analysis
    • 3.4.1 By application
  • 3.5 COVID-19 impact analysis
  • 3.6 Patent analysis
  • 3.7 Start-up scenario
  • 3.8 Healthcare artificial intelligence projects
    • 3.8.1 Microsoft announced new AI powered health bot project
    • 3.8.2 iCarbonX heads consortium using artificial
    • 3.8.3 Orbital Media develops cutting edge artificial intelligence technologies
    • 3.8.4 Partners HealthCare and GE collaborates
  • 3.9 Medical and technological advancements
    • 3.9.1 U.S.
    • 3.9.2 Europe
    • 3.9.3 Asia Pacific
  • 3.10 Regulatory landscape
    • 3.10.1 U.S.
    • 3.10.2 Europe
  • 3.11 Porter's analysis
  • 3.12 Competitive landscape, 2020
    • 3.12.1 Company matrix analysis, 2020
  • 3.13 PESTEL analysis

Chapter 4 Healthcare Artificial Intelligence Market, By Application

  • 4.1 Key segment trends
  • 4.2 Medical imaging & diagnosis
    • 4.2.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.3 Drug discovery
    • 4.3.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.4 Therapy planning
    • 4.4.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.5 Hospital workflow
    • 4.5.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.6 Wearables
    • 4.6.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.7 Virtual assistants
    • 4.7.1 Market size, by region, 2016 - 2027 (USD Million)
  • 4.8 Others
    • 4.8.1 Market size, by region, 2016 - 2027 (USD Million)

Chapter 5 Healthcare Artificial Intelligence Market, By Region

  • 5.1 Key regional trends
  • 5.2 North America
    • 5.2.1 Market size, by country, 2016 - 2027 (USD Million)
    • 5.2.2 Market size, by application, 2016 - 2027 (USD Million)
    • 5.2.3 U.S.
      • 5.2.3.1 Market size, by application, 2016 - 2027 (USD Million)
      • 5.2.3.2
    • 5.2.4 Canada
      • 5.2.4.1 Market size, by application, 2016 - 2027 (USD Million)
  • 5.3 Europe
    • 5.3.1 Market size, by country, 2016 - 2027 (USD Million)
    • 5.3.2 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.3 Germany
      • 5.3.3.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.4 UK
      • 5.3.4.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.5 France
      • 5.3.5.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.6 Spain
      • 5.3.6.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.7 Italy
      • 5.3.7.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.8 Russia
      • 5.3.8.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.9 The Netherlands
      • 5.3.9.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.3.10 Sweden
      • 5.3.10.1 Market size, by application, 2016 - 2027 (USD Million)
  • 5.4 Asia Pacific
    • 5.4.1 Market size, by country, 2016 - 2027 (USD Million)
    • 5.4.2 Market size, by application, 2016 - 2027 (USD Million)
    • 5.4.3 China
      • 5.4.3.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.4.4 Japan
      • 5.4.4.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.4.5 India
      • 5.4.5.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.4.6 Australia
      • 5.4.6.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.4.7 Singapore
      • 5.4.7.1 Market size, by application, 2016 - 2027 (USD Million)
  • 5.5 Latin America
    • 5.5.1 Market size, by country, 2016 - 2027 (USD Million)
    • 5.5.2 Market size, by application, 2016 - 2027 (USD Million)
    • 5.5.3 Brazil
      • 5.5.3.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.5.4 Mexico
      • 5.5.4.1 Market size, by application, 2016 - 2027 (USD Million)
  • 5.6 Middle East and Africa
    • 5.6.1 Market size, by country, 2016 - 2027 (USD Million)
    • 5.6.2 Market size, by application, 2016 - 2027 (USD Million)
    • 5.6.3 South Africa
      • 5.6.3.1 Market size, by application, 2016 - 2027 (USD Million)
    • 5.6.4 Saudi Arabia
      • 5.6.4.1 Market size, by application, 2016 - 2027 (USD Million)

Chapter 6 Company Profiles

  • 6.1 Competitive dashboard, 2020
  • 6.2 AiCure
    • 6.2.1 Business overview
    • 6.2.2 Financial data
    • 6.2.3 Product landscape
    • 6.2.4 Strategic outlook
    • 6.2.5 SWOT analysis
  • 6.3 APIXIO, Inc
    • 6.3.1 Business overview
    • 6.3.2 Financial data
    • 6.3.3 Product landscape
    • 6.3.4 Strategic outlook
    • 6.3.5 SWOT analysis
  • 6.4 Atomwise, Inc
    • 6.4.1 Business overview
    • 6.4.2 Financial data
    • 6.4.3 Product landscape
    • 6.4.4 Strategic outlook
    • 6.4.5 SWOT analysis
  • 6.5 Butterfly Network, Inc
    • 6.5.1 Business overview
    • 6.5.2 Financial data
    • 6.5.3 Product landscape
    • 6.5.4 Strategic outlook
    • 6.5.5 SWOT analysis
  • 6.6 Cyrcadia Health Inc
    • 6.6.1 Business overview
    • 6.6.2 Financial data
    • 6.6.3 Product landscape
    • 6.6.4 Strategic outlook
    • 6.6.5 SWOT analysis
  • 6.7 Enlitic, Inc
    • 6.7.1 Business overview
    • 6.7.2 Financial data
    • 6.7.3 Product landscape
    • 6.7.4 Strategic outlook
    • 6.7.5 SWOT analysis
  • 6.8 IBM Corporation
    • 6.8.1 Business overview
    • 6.8.2 Financial data
    • 6.8.3 Product landscape
    • 6.8.4 Strategic outlook
    • 6.8.5 SWOT analysis
  • 6.9 iCarbonX
    • 6.9.1 Business overview
    • 6.9.2 Financial data
    • 6.9.3 Product landscape
    • 6.9.4 Strategic outlook
    • 6.9.5 SWOT analysis
  • 6.10 Insilico Medicine Inc
    • 6.10.1 Business overview
    • 6.10.2 Financial data
    • 6.10.3 Product landscape
    • 6.10.4 Strategic outlook
    • 6.10.5 SWOT analysis
  • 6.11 NVIDIA Corporation
    • 6.11.1 Business overview
    • 6.11.2 Financial data
    • 6.11.3 Product landscape
    • 6.11.4 Strategic outlook
    • 6.11.5 SWOT analysis
  • 6.12 Modernizing Medicine
    • 6.12.1 Business overview
    • 6.12.2 Financial data
    • 6.12.3 Product landscape
    • 6.12.4 Strategic outlook
    • 6.12.5 SWOT analysis
  • 6.13 OmeCare Inc
    • 6.13.1 Business overview
    • 6.13.2 Financial data
    • 6.13.3 Product landscape
    • 6.13.4 Strategic outlook
    • 6.13.5 SWOT analysis
  • 6.14 Sens.ly Inc
    • 6.14.1 Business overview
    • 6.14.2 Financial data
    • 6.14.3 Product landscape
    • 6.14.4 Strategic outlook
    • 6.14.5 SWOT analysis
  • 6.15 Sophia Genetics
    • 6.15.1 Business overview
    • 6.15.2 Financial data
    • 6.15.3 Product landscape
    • 6.15.4 Strategic outlook
    • 6.15.5 SWOT analysis
  • 6.16 Welltok
    • 6.16.1 Business overview
    • 6.16.2 Financial data
    • 6.16.3 Product landscape
    • 6.16.4 Strategic outlook
    • 6.16.5 SWOT analysis
  • 6.17 Zebra Medical Vision Ltd
    • 6.17.1 Business overview
    • 6.17.2 Financial data
    • 6.17.3 Product landscape
    • 6.17.4 Strategic outlook
    • 6.17.5 SWOT analysis

Data Tables

  • TABLE 1: Healthcare artificial intelligence market, 2016 - 2020 (USD Million)
  • TABLE 2: Healthcare artificial intelligence market, 2021 - 2027 (USD Million)
  • TABLE 3: Healthcare artificial intelligence market, by application, 2016 - 2020 (USD Million)
  • TABLE 4: Healthcare artificial intelligence market, by application, 2021 - 2027 (USD Million)
  • TABLE 5: Healthcare artificial intelligence market, by region, 2016 - 2020 (USD Million)
  • TABLE 6: Healthcare artificial intelligence market, by region, 2021 - 2027 (USD Million)
  • TABLE 7: Industry impact forces
  • TABLE 8: Medical imaging & diagnosis market size, by region, 2016 - 2020 (USD Million)
  • TABLE 9: Medical imaging & diagnosis market size, by region, 2021 - 2027 (USD Million)
  • TABLE 10: Drug discovery market size, by region, 2016 - 2020 (USD Million)
  • TABLE 11: Drug discovery market size, by region, 2021 - 2027 (USD Million)
  • TABLE 12: Therapy planning market size, by region, 2016 - 2020 (USD Million)
  • TABLE 13: Therapy planning market size, by region, 2021 - 2027 (USD Million)
  • TABLE 14: Hospital workflow market size, by region, 2016 - 2020 (USD Million)
  • TABLE 15: Hospital workflow market size, by region, 2021 - 2027 (USD Million)
  • TABLE 16: Wearables market size, by region, 2016 - 2020 (USD Million)
  • TABLE 17: Wearables market size, by region, 2021 - 2027 (USD Million)
  • TABLE 18: Virtual assistants market size, by region, 2016 - 2020 (USD Million)
  • TABLE 19: Virtual assistants market size, by region, 2021 - 2027 (USD Million)
  • TABLE 20: Others market size, by region, 2016 - 2020 (USD Million)
  • TABLE 21: Others market size, by region, 2021 - 2027 (USD Million)
  • TABLE 22: North America healthcare artificial intelligence size, by country, 2016 - 2020 (USD Million)
  • TABLE 23: North America healthcare artificial intelligence size, by country, 2021 - 2027 (USD Million)
  • TABLE 24: North America healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 25: North America healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 26: U.S. healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 27: U.S. healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 28: Canada healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 29: Canada healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 30: Europe healthcare artificial intelligence size, by country, 2016 - 2020 (USD Million)
  • TABLE 31: Europe healthcare artificial intelligence size, by country, 2021 - 2027 (USD Million)
  • TABLE 32: Europe healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 33: Europe healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 34: UK healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 35: UK healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 36: Germany healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 37: Germany healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 38: France healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 39: France healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 40: Italy healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 41: Italy healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 42: Spain healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 43: Spain healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 44: Russia healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 45: Russia healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 46: Sweden healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 47: Sweden healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 48: The Netherlands healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 49: The Netherlands healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 50: Asia Pacific healthcare artificial intelligence size, by country, 2016 - 2020 (USD Million)
  • TABLE 51: Asia Pacific healthcare artificial intelligence size, by country, 2021 - 2027 (USD Million)
  • TABLE 52: Asia Pacific healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 53: Asia Pacific healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 54: Japan healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 55: Japan healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 56: China healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 57: China healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 58: India healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 59: India healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 60: Australia healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 61: Australia healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 62: Singapore healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 63: Singapore healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 64: Latin America healthcare artificial intelligence size, by country, 2016 - 2020 (USD Million)
  • TABLE 65: Latin America healthcare artificial intelligence size, by country, 2021 - 2027 (USD Million)
  • TABLE 66: Latin America healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 67: Latin America healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 68: Brazil healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 69: Brazil healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 70: Mexico healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 71: Mexico healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 72: MEA healthcare artificial intelligence size, by country, 2016 - 2020 (USD Million)
  • TABLE 73: MEA healthcare artificial intelligence size, by country, 2021 - 2027 (USD Million)
  • TABLE 74: MEA healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 75: MEA healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 76: South Africa healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 77: South Africa healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)
  • TABLE 78: Saudi Arabia healthcare artificial intelligence size, by application, 2016 - 2020 (USD Million)
  • TABLE 79: Saudi Arabia healthcare artificial intelligence size, by application, 2021 - 2027 (USD Million)

Charts & Figures

  • FIG. 1: Top-down approach
  • FIG. 2: Data validation
  • FIG. 3: Healthcare artificial intelligence industry 360 degree synopsis
  • FIG. 4: Industry segmentation
  • FIG. 5: Healthcare artificial intelligence market, 2016 - 2027 (USD Million)
  • FIG. 6: Growth potential analysis, by application
  • FIG. 7: Porter's analysis
  • FIG. 8: Competitive matrix analysis, 2020
  • FIG. 9: Patent filings, by type of organization
  • FIG. 10: Patent filings, by type of assistance
  • FIG. 11: PESTEL analysis
  • FIG. 12: Key segment trends, by application
  • FIG. 13: Key regional trends
  • FIG. 14: Competitive dashboard, 2020