Market Research Logo

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software and Services), Technology (Deep Learning, Querying Method, NLP, and Context Aware Processing), Application, End-User Industry, and Geography – Global Forecast to 2022

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software and Services), Technology (Deep Learning, Querying Method, NLP, and Context Aware Processing), Application, End-User Industry, and Geography – Global Forecast to 2022

“Growing usage of big data in healthcare industry and imbalance between health workforce and patients is expected to drive the growth of the AI in healthcare market”
The artificial intelligence (AI) in healthcare market was valued at USD 667.1 million in 2016 and is expected to reach USD 7,988.8 million by 2022, at a CAGR of 52.68% between 2017 and 2022. The growth of this market is driven by the growing usage of Big Data in healthcare industry, ability of AI to improve patient outcomes, imbalance between health workforce and patients, reducing the healthcare costs, growing importance on precision medicine, cross-industry partnerships, and significant increase in venture capital investments in AI in healthcare domain. However, reluctance among medical practitioners to adopt AI-based technologies and ambiguous regulatory guidelines for medical software are the major factors restraining the growth of the AI in healthcare market

“Faster calculations and lesser power consumption are the factors driving the growth of the hardware market for AI in healthcare”
Hardware—which includes GPUs, DSPs, FPGAs, and neuromorphic chips—is expected to grow at the highest rate in the offering segment of AI in healthcare. The GPU, DSP, and FPGA are widely used to implement the deep learning algorithm. In terms of throughput, GPU is faster than FPGA; whereas in the case of power efficiency, FPGA is better than GPU. Keeping these factors in mind, the AI providers choose the hardware accordingly.

“Owing the factors of Natural Language Processing (NLP) to handle structured and unstructured data are driving the NLP market in AI in healthcare market”

NLP currently holds the largest market share among the AI technologies. This demand has grown since the companies have started to structure the clinical data and find interpretation from them. Moreover the growing usage of internet and connected devices along with huge volume of patient’s data driven the growth of this market.

“North America to witness the highest growth rate in the market for AI in healthcare”
North America is expected to be the largest and fastest-growing market for AI in healthcare during the forecast period. The regulatory mandates for the use of Electronic Health Records, increasing focus on precision medicine, strong presence of leading companies engaged in developing AI solutions for healthcare, and large number of cross-industry collaborations and growing investments in the field of AI in healthcare are driving the growth of the market in North America.

The breakup of the profile of primary participants has been given below:
• By Companies: Tier 1 – 40 %, Tier 2 – 20%, and Tier 3 – 40%
• By Designation: C-level Executives – 40%, Directors – 40%, and Others – 20%
• By Region: North America – 40%, Europe – 40%, APAC – 10%, and RoW – 10%

This report provides valuable insights into the ecosystem of the AI in healthcare market including the software companies, and chipset and medical solution providers. The major players in the AI in healthcare market are IBM Corporation (US), Intel Corporation (US), Google, Inc. (US), NVIDIA Corporation (US), Microsoft Corporation (US), iCarbonX (China), Next IT Corp. (US), CloudMedx Inc. (US), Carescore (US), Atomwise, Inc. (US), Zephyr Health, Inc. (US), Sentirian (US), BabyLabs, Inc. (US), Siemens Healthineers GmbH (Germany), Johnson & Johnson (US), Welltok, Inc. (US), General Vision, Inc. (US), Enlitic, Inc. (US), Recursion Pharmaceuticals (US), General Electric Company (US), Stryker Corporation (US), Deep Genomics, Inc. (Canada), Medtronic Plc. (Ireland), Koninklijke Philips N.V. (Netherlands), and Oncora Medical, Inc. (US).

Research Coverage:
The AI in healthcare market has been segmented on the basis of offering, technology, application, end-user industry, and geography. On the basis of offering, the market has been further segmented into hardware, software, and services. The AI in healthcare market is further segmented on the basis of technology into deep learning, querying method, NLP, and context aware processing. The market has been segmented on the basis of application into patient data and risk analysis lifestyle management and monitoring, precision medicine, in-patient care and hospital management, medical imaging and diagnosis, drug discovery, virtual assistant, wearables, and research. On the basis of geography, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to Buy the Report:
The report would help the market leaders/new entrants in the AI in healthcare market in the following ways:
1. This report segments the AI in healthcare market comprehensively and provides the closest approximations of the market sizes for the overall market and subsegments across the different applications and regions.

2. This report helps stakeholders to understand the pulse of the AI in healthcare market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • DEMAND- AND SUPPLY-SIDE ANALYSIS OF AI IN THE HEALTHCARE MARKET
      • INTRODUCTION
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ARTIFICIAL INTELLIGENCE IN HEALTHCARE: MARKET OVERVIEW
    • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE, BY OFFERING, 2017 VS. 2022 (USD MILLION)
    • GEOGRAPHIC ANALYSIS: ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY (2016)
    • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION
    • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER
    • GEOGRAPHIC SNAPSHOT OF THE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • FUNDING, 2015-2017
  • ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET, BY OFFERING
    • INTRODUCTION
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET, BY OFFERING, 2014–2022 (USD MILLION)
    • HARDWARE
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR HARDWARE, BY REGION, 2014–2022 (USD MILLION)
    • SOFTWARE
      • AI PLATFORM
      • SOLUTION
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR OFFERING, BY SOFTWARE, 2014–2022 (USD MILLION)
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR SOFTWARE, BY REGION, 2014–2022 (USD MILLION)
    • SERVICES
      • DEPLOYMENT AND INTEGRATION
      • SUPPORT AND MAINTENANCE
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR OFFERING, BY SERVICE, 2014–2022 (USD MILLION)
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR HARDWARE, BY REGION, 2014–2022 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2014–2022 (USD MILLION)
    • NATURAL LANGUAGE PROCESSING (NLP)
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR NLP, BY PROCESS, 2014–2022 (USD MILLION)
    • CONTEXT AWARE PROCESSING
    • DEEP LEARNING
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR DEEP LEARNING, BY PROCESS, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET FOR DEEP LEARNING, BY REGION, 2014–2022 (USD MILLION)
    • QUERYING METHOD
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE, BY APPLICATION, 2014–2022 (USD MILLION)
    • PATIENT DATA AND RISK ANALYSIS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PATIENT DATA AND RISK ANALYSIS, BY REGION, 2014-2022 (USD MILLION)
      • Table PATIENT DATA AND RISK ANALYSIS MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
    • MEDICAL IMAGING AND DIAGNOSTICS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR MEDICAL IMAGING AND DIAGNOSTICS, BY REGION, 2014-2022 (USD MILLION)
      • Table MEDICAL IMAGING AND DIAGNOSTICS MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
    • PRECISION MEDICINE
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PRECISION MEDICINE, BY REGION, 2014-2022 (USD MILLION)
      • Table PRECISION MEDICINE MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
    • DRUG DISCOVERY
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR DRUG DISCOVERY, BY REGION, 2014-2022 (USD MILLION)
      • Table DRUG DISCOVERY MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
    • LIFESTYLE MANAGEMENT & MONITORING
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR LIFESTYLE MANAGEMENT & MONITORING, BY REGION, 2014-2022 (USD MILLION)
    • VIRTUAL ASSISTANT
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR VIRTUAL ASSISTANT, BY REGION, 2014-2022 (USD MILLION)
      • Table VIRTUAL ASSISTANT MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
    • WEARABLES
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR WEARABLES, BY REGION, 2014-2022 (USD MILLION)
    • INPATIENT CARE AND HOSPITAL MANAGEMENT
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR INPATIENT CARE AND HOSPITAL MANAGEMENT, BY REGION, 2014-2022 (USD MILLION)
    • RESEARCH
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR RESEARCH, BY REGION, 2014-2022 (USD MILLION)
      • Table RESEARCH MARKET SIZE, BY END USER, 2014-2022 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER
    • INTRODUCTION
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE, BY END USER, 2014–2022 (USD MILLION)
    • PROVIDERS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PROVIDERS, BY REGION, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PROVIDERS, BY APPLICATION, 2014–2022 (USD MILLION)
    • PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY REGION, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY APPLICATION, 2014–2022 (USD MILLION)
    • PAYERS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PAYERS, BY REGION, 2014–2022 (USD MILLION)
    • PATIENTS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PATIENTS, BY REGION, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR PATIENTS, BY APPLICATION, 2014–2022 (USD MILLION)
    • ACOS AND MCOS
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR ACOS AND MCOS, BY REGION, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE FOR ACOS AND MCOS, BY APPLICATION, 2014–2022 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table GLOBAL ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET SIZE, BY REGION, 2014-2022 (USD MILLION)
    • NORTH AMERICA
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN NORTH AMERICA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • US
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN THE US, BY INDUSTRY, 2014–2022 (USD MILLION)
      • CANADA
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN CANADA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • MEXICO
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN MEXICO, BY INDUSTRY, 2014–2022 (USD MILLION)
    • EUROPE
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN EUROPE, BY INDUSTRY, 2014–2022 (USD MILLION)
      • GERMANY
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN GERMANY, BY INDUSTRY, 2014–2022 (USD MILLION)
      • FRANCE
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN FRANCE, BY INDUSTRY, 2014–2022 (USD MILLION)
      • UK
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN UK, BY INDUSTRY, 2014–2022 (USD MILLION)
      • ITALY
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN ITALY, BY INDUSTRY, 2014–2022 (USD MILLION)
      • SPAIN
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN SPAIN, BY INDUSTRY, 2014–2022 (USD MILLION)
      • REST OF EUROPE
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN ROE, BY INDUSTRY, 2014–2022 (USD MILLION)
    • APAC
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN APAC, BY COUNTRY, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN APAC, BY INDUSTRY, 2014–2022 (USD MILLION)
      • CHINA
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN CHINA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • JAPAN
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN JAPAN, BY INDUSTRY, 2014–2022 (USD MILLION)
      • SOUTH KOREA
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN SOUTH KOREA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • INDIA
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN INDIA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • REST OF APAC
        • Table ARTIFICIAL INTELLIGENCE IN THE HEALTHCARE MARKET IN REST OF APAC, BY INDUSTRY, 2014–2022 (USD MILLION)
    • REST OF THE WORLD
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN ROW, BY REGION, 2014–2022 (USD MILLION)
      • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN ROW, BY END USER, 2014–2022 (USD MILLION)
      • SOUTH AMERICA
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN SOUTH AMERICA, BY INDUSTRY, 2014–2022 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET IN THE MIDDLE EAST AND AFRICA, BY INDUSTRY, 2014–2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • KEY PLAYERS IN AI IN THE HEALTHCARE MARKET
      • Table TOP 5 PLAYERS IN AI IN THE HEALTHCARE MARKET, 2016
    • DIVE CHART
      • VANGUARDS
      • DYNAMIC PLAYERS
      • INNOVATORS
      • EMERGING PLAYERS
    • BUSINESS STRATEGY ADOPTED BY MAJOR PLAYERS IN AI IN THE HEALTHCARE MARKET (FOR ALL 25 COMPANIES)
    • ANALYSIS OF PRODUCT PORTFOLIO OF MAJOR PLAYERS IN AI IN THE HEALTHCARE MARKET (25 COMPANIES)
    • COMPETITIVE SITUATIONS AND TRENDS
  • COMPANY PROFILES
    • INTRODUCTION
    • INTEL CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • NVIDIA CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • GOOGLE INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • IBM CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • MICROSOFT CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • GENERAL VISION, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • ENLITIC, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • NEXT IT CORP.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • WELLTOK, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • ICARBONX
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • RECURSION PHARMACEUTICALS, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • KONINKLIJKE PHILIPS N.V.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • GENERAL ELECTRIC (GE) COMPANY
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • SIEMENS HEALTHINEERS (A DIVISION OF SIEMENS AG)
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • JOHNSON & JOHNSON SERVICES, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • MEDTRONIC PLC
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • STRYKER CORPORATION
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • CARESKORE
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • ZEPHYR HEALTH, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • ONCORA MEDICAL
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • SENTRIAN
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • BAY LABS, INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • ATOMWISE
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • DEEP GENOMICS
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
    • CLOUDMEDX INC.
      • BUSINESS OVERVIEW
      • SCORECARD
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report