The Artificial Intelligence (AI) in Healthcare Market is Predict to reach USD 237.9 Billion by 2031, at a CAGR of 41.3%

Artificial Intelligence (AI) in Healthcare Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Artificial Intelligence (AI) in Healthcare Market size is expected to reach $237.9 billion by 2031, rising at a market growth of 41.3% CAGR during the forecast period.

The Software segment is generating the highest revenue in the Global Artificial Intelligence (AI) in Healthcare Market by Offering in 2023; thereby, achieving a market value of $107.7 billion by 2031. AI-enabled healthcare software can continuously monitor patient data, providing early warnings for any deviations from normal parameters. Remote patient monitoring systems can track vital signs, medication adherence, and other health indicators, enabling timely interventions and reducing the need for in-person visits.

The Machine Learning segment is registering a CAGR of 40.5 % during the forecast period. Machine learning algorithms analyze vast amounts of healthcare data to extract meaningful insights, driving improvements in patient care, operational efficiency, and clinical decision-making. These algorithms power various applications and solutions across the healthcare ecosystem.

The Healthcare Providers segment led the Global Artificial Intelligence (AI) in Healthcare Market by End-use in 2023; thereby, achieving a market value of $88.5 billion by 2031. AI analyzes large volumes of patient data to identify patterns and predict health outcomes. Healthcare providers can use AI to predict the likelihood of patients developing certain diseases, allowing for early intervention and preventive care.

The Patient Data & Risk Analysis segment is growing at a CAGR of 38.3 % during the forecast period. AI-powered clinical decision support systems (CDSS) analyze patient data to provide healthcare providers with evidence-based diagnosis, treatment, and care management recommendations. By analyzing patient data in real-time, CDSS can help healthcare providers make more informed decisions, improve diagnostic accuracy, and optimize treatment plans.

Full Report: https://www.kbvresearch.com/artificial-intelligence-in-healthcare-market /

The North America region dominated the Global Artificial Intelligence (AI) in Healthcare Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $92 billion by 2031. The Europe region is anticipated to grow at a CAGR of 40.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 42.5% during (2024 - 2031).

List of Key Companies Profiled

• Koninklijke Philips N.V.
• Microsoft Corporation
• Siemens Healthineers AG (Siemens AG)
• Intel Corporation
• NVIDIA Corporation
• Google LLC (Alphabet Inc.)
• GE HealthCare Technologies, Inc.
• Medtronic PLC
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Oracle Corporation

Artificial Intelligence (AI) in Healthcare Market Report Segmentation

By Offering

• Software
  • Software Platform
    • Application Program Interface (API)
    • Machine Learning Framework
  • Software Solution
    • On-premise
    • Cloud
  • Hardware
    • Processors
    • Memory
    • Network
  • Services

By Technology

• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision

By End-use

• Healthcare Providers
• Healthcare Companies
• Healthcare Payers
• Patients
• Others

By Application

• Patient Data & Risk Analysis
• Virtual Assistants
• Wearables
• Medical Imaging & Diagnostics
• Cybersecurity
• Mental Health
• In-Patient Care & Hospital Management
• Precision Medicine
• Drug Discovery & Development
• Lifestyle Management & Remote Patient Monitoring
• Healthcare Assistance Robots
• Research
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Artificial Intelligence (AI) in Healthcare Market Size 2031

• May-2024
• 192 Pages

LAMEA Artificial Intelligence (AI) in Healthcare Market Size 2031

• May-2024
• 221 Pages

Europe Artificial Intelligence (AI) in Healthcare Market Size 2031

• May-2024
• 224 Pages

Asia Pacific Artificial Intelligence (AI) in Healthcare Market Size 2031

• May-2024
• 227 Pages