Artificial Intelligence (AI) Market in Healthcare Sector by Application and Geography - Global Forecast and Analysis 2019-2023

Artificial Intelligence (AI) Market in Healthcare Sector by Application and Geography - Global Forecast and Analysis 2019-2023

Global Artificial Intelligence (AI) Market in Healthcare Sector: About this market

Technavio’s artificial intelligence (AI) in healthcare market analysis considers sales from medical imaging and diagnostics, drug discovery, operations management, virtual assistants, and others. Our analysis also considers the sales of artificial intelligence (AI) in the healthcare market in APAC, Europe, North America, South America, and MEA. In 2018, the medical imaging and diagnostics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing volume of data to be processed and the need to improve the efficiency of radiologists will play a significant role in the medical imaging and diagnostics segment to maintain its market position. Also, our global artificial intelligence (AI) in healthcare market report looks at factors such as push for digitalization in healthcare, growing demand to reduce healthcare costs, and growing number of partnerships and collaborations. However, physician and provider skepticism, regulatory challenges, and lack of skilled AI workforce may hamper the growth of the artificial intelligence (AI) in healthcare industry over the forecast period.

Global Artificial Intelligence (AI) Market in Healthcare Sector: Overview

Push for digitalization in healthcare

Digitalized healthcare not only simplifies the delivery of healthcare services but also helps in easy and secure management of patient data. It creates new streams of revenue generation for stakeholders. AI and advanced analytics enable healthcare providers to offer personalized medicines and diagnostics by extracting patient-specific information. The increase in digitalization of healthcare has also led to medical tourism with the help of telemedicine, precision medicine, and digitalized record handling. This will lead to the expansion of global artificial intelligence (AI) in the healthcare market at a CAGR of over 28% during the forecast period.

Growing potential for AI-based tools in elderly care

Healthcare providers have started using AI widely in intelligent tracking of biometric information and early diagnosis of diseases. AI is enhancing the treatments and increasing the satisfaction of both patients and clinicians. The applications of AI primarily include smart devices, assisted living, fall detection, home health monitoring, and virtual companions such as elderly care robotics. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global artificial intelligence (AI) in healthcare market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, global artificial intelligence (AI) in the healthcare market is moderately concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading artificial intelligence (AI) in healthcare manufacturers, that include General Electric Co., Google LLC, IBM Corp., Microsoft Corp., Siemens Healthineers AG.

Also, the artificial intelligence (AI) in healthcare market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Key offerings – vendors
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Medical imaging and diagnostics - Market size and forecast 2018-2023
      • Table Medical imaging and diagnostics - Market size and forecast 2018-2023 ($ millions)
      • Table Medical imaging and diagnostics - Year-over-year growth 2019-2023 (%)
    • Drug discovery - Market size and forecast 2018-2023
      • Table Drug discovery - Market size and forecast 2018-2023 ($ millions)
      • Table Drug discovery - Year-over-year growth 2019-2023 (%)
    • Operations management - Market size and forecast 2018- 2023
      • Table Operations management - Market size and forecast 2018-2023 ($ millions)
      • Table Operations management - Year-over-year growth 2019-2023 (%)
    • Virtual assistants - Market size and forecast 2018-2023
      • Table Virtual assistants - Market size and forecast 2018-2023 ($ millions)
      • Table Virtual assistants - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Middle East and Africa - Market size and forecast 2018-2023
      • Table Middle East and Africa - Market size and forecast 2018-2023 ($ millions)
      • Table Middle East and Africa - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing potential for AI-based tools in elderly care
    • Precision medicine
    • AI-based solutions for improving mental health
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Google LLC
      • Table Google LLC - Vendor overview
      • Table Google LLC - Organizational developments
      • Table Google LLC - Key offerings
    • IBM Corp.
      • Table IBM Corp. - Vendor overview
      • Table IBM Corp. - Business segments
      • Table IBM Corp. - Organizational developments
      • Table IBM Corp. - Geographic focus
      • Table IBM Corp. - Segment focus
      • Table IBM Corp. - Key offerings
    • Microsoft Corp.
      • Table Microsoft Corp. - Vendor overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Organizational developments
      • Table Microsoft Corp. - Geographic focus
      • Table Microsoft Corp. - Segment focus
      • Table Microsoft Corp. - Key offerings
    • Siemens Healthineers AG
      • Table Siemens Healthineers AG - Vendor overview
      • Table Siemens Healthineers AG - Business segments
      • Table Siemens Healthineers AG - Organizational developments
      • Table Siemens Healthineers AG - Geographic focus
      • Table Siemens Healthineers AG - Segment focus
      • Table Siemens Healthineers AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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