Market Research Report
China AI in Healthcare Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||922254|
Delivery time: 2-3 business days
|China AI in Healthcare Market 2019-2025|
|Published: January 14, 2020||Content info:||
China AI in Healthcare Market Size, Share & Trends Analysis Report by Offering (Hardware and Software & Services), By End-User Industry (Hospitals & Healthcare Facilities, Personal Care, Biotechnology & Pharmaceutical Companies), By Application (Diagnosis, Biomarker, Virtual Nursing Assistance, Remote Monitoring of Patients, Drug Discovery, and AI-Enabled Hospital Care), and Forecast 2019-2025
China's AI in healthcare market is estimated to grow significantly at a CAGR of 52.8% during the forecast period. China's market has both medium and long-term potential due to its large market size, aging population, fluctuating disease profile and rapidly improving life. Furthermore, the Chinese economy is becoming an R&D-intensive economy which is the major factor for the growth of the life science industry of China.
Healthcare in China has become one of the latest applications of AI coupled with security and new retail where technologies such as computer vision and natural language processing are applied for improving efficiency. Chinese companies including startups as well as giants are grabbing this opportunity for applying AI solutions to everything including machine reading of CAT scans as well as the processing and analyzing medical queries. The adoption of AI in China has significantly reduced the manual work.
The market is segmented on the basis of offering, end-user industry, and application. Based on offering, the market is divided into software & services and hardware. Based on the end-user industry, the market is segmented into hospitals & healthcare facilities, personal care, and biotechnology & pharmaceutical companies. Further, on the basis of application, the market is segmented into diagnosis, biomarker, virtual nursing assistants, remote monitoring of patients, drug discovery, and ai-enabled hospital care.
Ambulance equipped with AI and big data is being used in the eastern Chinese city of Hangzhou. This system is part of a trial by a Chinese tech giant, Alibaba Group Holding Ltd. This system sends information to a centralized computer linked to the transport network of the city. Alibaba Group Holding Ltd. is planning to use its cloud and data systems for handling issues hampering the Chinese healthcare systems such as long patient queues, city traffic and shortage of doctors.
The market study of the China AI in healthcare market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for IT companies, automobile companies, BFSI companies, private companies, healthcare companies, research institutes, hospitals, and government organizations for the overall market and competitive analysis. The report provides an in-depth analysis on market size, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.