The Market for Artificial Intelligence (AI) in Healthcare

The Market for Artificial Intelligence (AI) in Healthcare

Issues facing the healthcare industry are challenging and complex, including staff reductions, increased service demands and funding cuts. It is not surprising then that many are looking to the advanced solutions that artificial intelligence (AI) can offer in this realm. Kalorama Information's report, The Market for Artificial Intelligence (AI) in Healthcare, quantifies the opportunity and future market opportunity for AI in healthcare, already an almost two-billion-dollar market, with applications in workflow and population health, drug discovery and emerging applications in diagnostics and other areas:

  • Global AI in Healthcare Market, 2019-2024
  • Global AI Market and Healthcare AI Performance Expectations, 2019 and 2024 ($ Millions)
  • Market Share for AI Healthcare by Applications, 2019 (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • AI Healthcare Market Component Distribution by Application Segment, 2019 (%) (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • AI Healthcare Market Distribution by Global Region, 2019 (%) (U.S., Europe, China, Japan, Rest of Asia Pacific, Latin America, Rest of World)
  • AI in Healthcare Demand by Country/Region, 2019 and 2024 ($ millions) (United States, Europe, China, Japan, Other Asia Pacific, Latin America, RoW)
Healthcare applications that are gaining traction utilizing AI include the following segments, which are estimated and forecasted in the report:
  • Population health
  • AI Population Health, Market Opportunity, 2019 and 2024
  • Population Health and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Population Health Competitor Review, 2019 (%)
  • Workflow solutions
  • AI Healthcare Workflow Solutions, Market Opportunity, 2019 and 2024
  • Workflow Solutions and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Workflow Solutions: Competitor Review, 2019 (%)
  • Imaging, diagnostics and disease management
  • AI Imaging, Diagnostics and DM, Market Opportunity, 2019 and 2024
  • AI Imaging, Diagnostics and Disease Management (DM) Estimated Distribution of Sales, 2019 (%)
  • Imaging, Diagnostics, DM and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Imaging AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Diagnostics AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Disease Management AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Imaging, Diagnostic, and DM: Competitor Review, 2019 (%)
  • Drug discovery and development
  • AI Drug Discovery & Development, Market Opportunity, 2019 and 2024
  • Drug Discovery & Development and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Drug Discovery & Development: Competitor Review, 2019 (%)
  • Other applications such as risk analysis fraud protection, cybersecurity, data mining and nutrition and fitness
  • Risk Analytics, Cybersecurity and Other AI Market Opportunity, 2019 and 2024 ($ millions)
  • Risk Analytics, Cybersecurity and Other AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Risk Analytics, Cybersecurity and Other AI Applications: Competitor Review, 2019 (%)
Future prospects for AI in healthcare include health assistance and medication management, precision medicine applications, drug creation and support in helping people make healthier choices and decisions. The report lists scores of examples of real-world AI offerings, discusses the effects of AI on traditional healthcare delivery and looks at patents in various segments of the market.

The AI market consists of a wide range of company types: tech giants, pharmaceutical and biotechnology leaders, medical device companies and imaging vendors, as well as emerging companies that often do the heavy lifting in development and early incubation of how to apply AI in the healthcare field. The report examines company participation by market segment; estimated investor funding, private company focus ($ millions); and estimated market participation by leaders in AI healthcare, by application, 2019 (% market share). The Market for Artificial Intelligence (AI) in Healthcare also profiles these following companies active in the market:
  • AiCure
  • Amazon Web Services, Inc.
  • Atomwise, Inc U.S.
  • Bay Labs, Inc
  • Berg Health
  • BioXcel Therapeutics, Inc.
  • Cisco Systems, Inc.
  • Clarify Health Solutions
  • CloudMedX
  • Cyclica
  • Deep Genomics, Inc
  • Enlitic
  • GE Healthcare, Inc.
  • Google, Inc. (Alphabet, Inc.)
  • IBM, Inc.
  • iCarbonX
  • Intel, Inc.
  • Koninklinjke Philips, Inc.
  • Medtronic, Inc.
  • Microsoft, Inc.
  • Nvidia, Inc.
  • Qventus, Inc
  • Recursion Pharmaceuticals, Inc.
  • SAS Institute, Inc
  • Siemens Healthineers GmbH
  • Stryker, Inc
  • Verint Next IT
  • Welltok, Inc.
  • Zebra Medical Vision


  • Executive Summary
    • Overview
    • Market Review
    • Competitors
      • Table Company Participation by Market Segment
    • Scope and Methodology
    • Recent Company Developments in AI in Healthcare
      • Copan Diagnostics: Performing Culture Plate Analysis
      • Sense.ly: Avatar Nurse
      • GE Healthcare: AI-Powered Hospital Command Centers
      • Google DeepMind: Breaking the Black Box of Clinical Practice
      • CareDX and Predigraft: Transplant Testing Risk
      • Grail: Machine Learning on Cancer Mutations
      • AI Cure: Boosting Medication Adherence in Trials
      • Freenome: Computational Biology and Machine Learning for Cancer Detection
      • ARUP-Techcyte: Detection of Parasites and Ova
      • Atomwise: AI Speeds up UHTS
      • Recursion Pharmaceuticals: AI-Powered Biology at Scale
      • Careskore: Taking In the Patient's Data Picture
      • CompCyst: Big Increase in Identification of Benign Cysts
      • Berg: Appling Intelligence to Biomarker Discovery
      • Deep Genomics: AI Drug Discovery Workbench
      • Propeller Health: Smart Inhaler Devices
      • MedAware: AI Physician Alerts Prior to Prescription
      • Philips Pathology Enhancing Tool
      • Babylon Health: AI Decides When to Refer Patient to Video Doctor
      • Bay Echo Labs: FDA-cleared EF Calculation
      • Seegene: AI-Inspired Molecular Diagnostics
      • Ibex Medica: Digital Pathology Review
      • Subtle Medical: Deep Learning on Scans
      • Clever Culture: FDA Cleared Automation of Sample Interpretation
      • Medtronic: AI Fights Diabetes
      • Qiagen: Interpretation of Large Volumes of Data
      • KidneyIntelX: Improved Kidney Testing
      • Hitachi: Patient Risk Detection
      • PredictImmune: Irritable Bowel Disease Predictive Assay
  • Introduction to Artificial Intelligence
    • Industry Overview
      • The Artificial Intelligence Movement
      • How Does the Health Industry Stack Up in AI Integration?
      • Market Breakdown by Application
      • Market Breakdown by Component
      • Regional Market Breakdown
    • AI Technologies
      • Table Examples of AI Healthcare Patents Issued
    • Abbreviations and Definitions
    • Competitive Summary
      • Table Estimated Investor Funding, Private Company Focus ($ Millions)
      • The Leaders: Market Application Review
        • Table Estimated Market Participation by Leaders in AI Healthcare, by Application, 2019 (% Market Share)
      • AI Technology Development
  • Artificial Intelligence: Population Health
    • Overview
    • Industry and Technology Trends
    • Component Review and Analysis
      • Table Population Health and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Competitor Analysis
  • AI in Healthcare Workflow Solutions
    • Overview
    • Industry and Technology Trends
    • Component Review and Analysis
      • Table Workflow Solutions and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Products and Competitors
    • Competitor Analysis
  • AI in Imaging, Diagnostics, and Disease Management
    • Overview
      • Imaging
      • Diagnostics
      • Disease Management
    • Industry and Technology Trends
      • Imaging
      • Diagnostics
      • Disease Management
    • Component Review and Analysis
      • Table Imaging, Diagnostics, DM and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
      • Table Imaging AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
      • Table Diagnostics AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
      • Table Disease Management AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Products and Competitors
      • Diagnostics
      • Disease Management
    • Competitor Analysis
  • AI in Drug Discovery and Development
    • Overview
    • Industry and Technology Trends
    • Component Review and Analysis
      • Table Drug Discovery & Development and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Products and Competitors
    • Competitor Analysis
  • AI in Risk Analytics, Cybersecurity and Other Applications
    • Overview
    • Industry and Technology Trends
    • Component Review and Analysis
      • Table Risk Analytics, Cybersecurity and Other AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Products and Competitors
      • Risk Analytics
      • Fraud Protection
      • Cybersecurity
      • Data Mining
      • Nutrition and Fitness
        • Table Risk Analytics, Cybersecurity and Other AI Market by Product Segment, 2019 and 2024 ($ millions)
    • Competitor Analysis
  • Global AI in Healthcare Markets
    • Global Market Drivers
      • Aging Population
      • Increase in Chronic Disease
      • Increasing Death Rates
      • Health Expenditures in Relation to GDP
    • Global Market for AI in Healthcare
      • Table AI in Healthcare Demand by Country/Region, 2019 and 2024 ($ millions)
  • Artificial Intelligence in Healthcare Profiles
    • Overview
    • AiCure
      • Table AiCure Corporate Summary
      • Company Overview
      • Products
    • Amazon Web Services, Inc.
      • Table Amazon Web Services Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Amazon Revenues 2017-2019 (in millions $)
    • Atomwise, Inc U.S.
      • Table Atomwise Corporate Summary
      • Company Overview
      • Products
    • Bay Labs, Inc
      • Table Bay Labs Corporate Summary
      • Company Overview
      • Products
    • Berg Health
      • Table Berg Health Corporate Summary
      • Company Overview
      • Products
    • BioXcel Therapeutics, Inc.
      • Table BioXcel Therapeutics Corporate Summary
      • Company Overview
      • Products
    • Cisco Systems, Inc.
      • Table Cisco Systems Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Cisco Revenues 2017-2019 (in millions $)
    • Clarify Health Solutions
      • Table Clarify Health Solutions Corporate Summary
      • Company Overview
      • Products
    • CloudMedX
      • Table CloudMedX Corporate Summary
      • Company Overview
      • Products
    • Cyclica
      • Table Cyclica Corporate Summary
      • Company Overview
      • Products
    • Deep Genomics, Inc
      • Table Deep Genomics Corporate Summary
      • Company Overview
      • Products
    • Enlitic
      • Table Enlitic Corporate Summary
      • Company Overview
      • Products
    • GE Healthcare, Inc.
      • Table GE Healthcare Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table GE Healthcare Revenues 2017-2019 (in billions $)
    • Google, Inc. (Alphabet, Inc.)
      • Table Google Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Google Revenues 2017-2019 (in millions $)
    • IBM, Inc.
      • Table IBM Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table IBM Revenues 2017-2019 (in millions $)
    • iCarbonX
      • Table iCarbonX Corporate Summary
      • Company Overview
      • Products
    • Intel, Inc.
      • Table Intel Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Intel Revenues 2017-2019 (in millions $)
    • Koninklinjke Philips, Inc.
      • Table Koninklinjke Philips Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Koninklijke Philips Revenues 2017-2019 (in millions $)
    • Medtronic, Inc.
      • Table Medtronic Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Medtronic Revenues 2017-2019 (in millions $)
    • Microsoft, Inc.
      • Table Microsoft Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Microsoft Revenues 2017-2019 (in millions $)
    • Nvidia, Inc.
      • Table Nvidia Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Nvidia Revenues 2017-2019 (in millions $)
    • Qventus, Inc
      • Table Qventus Corporate Summary
      • Company Overview
      • Products
    • Recursion Pharmaceuticals, Inc.
      • Table Recursion Pharmaceuticals Corporate Summary
      • Company Overview
      • Products
    • SAS Institute, Inc
      • Table SAS Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table SAS Institute Revenues 2017-2019 (in millions $)
    • Siemens Healthineers GmbH
      • Table Siemens Healthineers Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Siemens Healthineers Revenues 2017-2019 (in millions $)
    • Stryker, Inc
      • Table Stryker Corporate Summary
      • Company Overview
      • Products
      • Performance Review
        • Table Stryker Revenues 2017-2019 (in millions $)
    • Verint Next IT
      • Table Verint Next IT Corporate Summary
      • Company Overview
      • Products
    • Welltok, Inc.
      • Table Welltok Corporate Summary
      • Company Overview
      • Products
    • Zebra Medical Vision
      • Table Zebra Medical Vision Corporate Summary
      • Company Overview
      • Products

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