PUBLISHER: Inkwood Research | PRODUCT CODE: 1454781
PUBLISHER: Inkwood Research | PRODUCT CODE: 1454781
The United States artificial intelligence (AI) in healthcare market is expected to grow at a CAGR of 35.90% during the forecast period 2024-2032. Several factors elevate the market growth, such as large volumes of healthcare data supporting the adoption of AI, a growing number of AI and machine learning start-ups, the emergence of personalized medicine in tests for clinical decision-making, and AI creating a real-time monitoring system.
The United States artificial intelligence (AI) in healthcare market is experiencing substantive growth, fueled in large part by the vast volumes of healthcare data available. With the increasing digitization of patient records, diagnostic imaging, and other medical information, the adoption of AI is being propelled by the abundance of data that can be utilized for enhanced decision-making and personalized patient care. This wealth of information facilitates more accurate diagnoses and contributes to the development of innovative AI applications.
Apart from the surge in healthcare data, the market is witnessing a proliferation of AI and machine learning start-ups. These emerging companies are integral in driving innovation and fostering the integration of AI technologies within the healthcare sector. The growing number of start-ups is infusing vitality into the market, powering competition, and leading to the creation of diverse AI applications designed to address various healthcare challenges. This trend is instrumental in accelerating the evolution of AI in healthcare and promoting a competitive market environment that encourages continuous advancements.
Despite the promising growth, challenges persist in maintaining data security within the United States artificial intelligence (AI) in healthcare market. The interconnectedness of healthcare systems and the reliance on vast amounts of sensitive patient information raise concerns about potential data breaches and privacy issues. Ensuring the security of patient data is paramount in the healthcare sector. The market faces the intricate challenge of implementing strong cybersecurity measures to guarantee the confidentiality and integrity of information processed by AI systems. Addressing these challenges is essential for building trust among healthcare professionals, patients, and stakeholders, elevating the responsible and sustained development of the artificial intelligence (AI) in healthcare.
Some of the major companies in the United States artificial intelligence (AI) in healthcare market include Enlitic Inc, Deep Genomics Inc, Google, IBM Corporation, etc.