In-depth analysis and data-driven insights on the impact of COVID-19 are included in this global healthcare artificial intelligence (AI) market report.
The healthcare artificial intelligence (AI) market is expected to grow at a CAGR of over 46.21% during the period 2020−2026.
Key Highlights Offered in the Report:
1. Software & services in healthcare AI is expected to witness a high growth rate due to the evolution in digital health technologies such as EMR/EHR, telehealth, e-prescribing in healthcare services. The software and services segment accounted for 73.92% of the healthcare AI market share in 2020.
2. Artificial intelligence in drug discovery and clinical decision-making leads to a new path of speedy workflow in pharmaceutical drug & dosage management. This emerging trend of advancements in drug discovery is incorporated widely as it is cost and time-efficient.
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3. The growth and acceptance of AI in-hospital workflow management witnessed streamlined and efficient patient care offered by healthcare facilities. Hospital workflow management accounted for 38.41% of the healthcare AI market in 2020 and is expected to retain its market dominance in the coming years.
4. North America captured a dominant position in the market and generated maximum revenue in comparison to the rest. Additionally, Europe and APAC are likely to see top-line growth in the adoption of AI and healthcare information technology solutions in healthcare facilities.
5. Vendors from the market are rising the investment in digital solutions for healthcare. In recent years, the number of collaborations between IT companies and healthcare providers has been made to adopt new technologies and incorporate better outcomes.
6. Machine learning is widely applied and adopted in healthcare services because of its algorithmic more accurate results. In the application segment, machine learning accounted for a major share of 41.16% of the healthcare AI market in 2020.
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by category, application, technology, end-user, and geography
- Competitive Landscape – 7 key vendors and 30 other vendors