PUBLISHER: Grand View Research | PRODUCT CODE: 1888643
PUBLISHER: Grand View Research | PRODUCT CODE: 1888643
The global AI in healthcare market size was valued at USD 26.57 billion in 2024 and is projected to reach USD 505.59 billion by 2033, growing at a CAGR of 38.81% from 2025 to 2033. The key factor driving the growth is the increasing demand in the healthcare sector for enhanced efficiency, accuracy, and better patient outcomes.
According to a March 2024 Microsoft-IDC study, 79% of healthcare organizations are presently utilizing AI technology. Additionally, the return on investment (ROI) is realized within 14 months, generating USD 3.20 for every USD 1 invested in AI. AI technologies hold transformative potential in various areas, including medical imaging analysis, predictive analytics, personalized treatment planning, and drug discovery, with the potential to transform conventional healthcare practices.
The exponential growth in healthcare data, sourced from electronic health records, medical imaging scans, wearable devices, and genomic sequencing, presents significant opportunities for AI-powered solutions to extract actionable insights and support clinical decision-making.
The increasing shortage of healthcare workers is also driving the adoption of AI and machine learning (ML) technologies. According to World Economic Forum estimates from May 2023, there will be a global health worker deficit of 10 million by 2033. Hence, AI algorithms can be trained to analyze patient health data, aiding care providers in rapid diagnosis and treatment planning.
The implementation of AI and ML technologies aims to enhance patient care, reduce machine downtime, and lower care expenses, driving market growth. The pandemic has further accelerated the adoption of AI-based technologies, particularly in diagnostics, patient and medication management, claims processing, workflow optimization, machine integration, and cybersecurity within healthcare settings.
Global AI In Healthcare Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country-level and provides an analysis of industry trends in each of the sub segments from 2021 to 2033. For this study, Grand View Research, Inc. has segmented the global AI in healthcare market report based on component, application, technology, end use, and region: