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Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End User, and Geography – Global Forecast to 2025

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End User, and Geography – Global Forecast to 2025

“AI in healthcare market projected to grow at 50.2% CAGR during 2018-2025”
The AI in healthcare market is expected to grow from USD 2.1 billion in 2018 to USD 36.1 billion by 2025, at a CAGR of 50.2% during the forecast period. Increasingly large and complex data set available in the form of big data and growing need to reduce the increasing healthcare cost drive the growth of this market. Improving computing power and declining cost of hardware are other key factors driving this market. However, reluctance among medical practitioners to adopt AI-based technologies and the lack of skilled workforce and ambiguous regulatory guidelines for medical software are among the major factors restraining the growth of the AI in healthcare market.

“Services segment to witness highest growth rate among other offerings during forecast period”
Growing adoption of AI solutions is expected to propel the growth of services segment, which is expected to witness the highest growth. For the successful deployment of AI, there is a need for deployment and integration, and support and maintenance services. Most companies that manufacture and develop AI systems and software provide both online and offline support depending on the applications.

“Machine learning to hold largest market followed by NLP in AI healthcare market”
Machine learning’s ability to collect and handle big data and increasing adoption of ML by hospitals, research centers, pharmaceutical companies, and other healthcare institutions to improve patient health are fueling its growth in AI in healthcare market. The growing adoption of NLP is applications such as patient-data and risk analysis, lifestyle management and monitoring, and mental health is propelling the growth of this technology in the market

“Hospitals and providers to hold largest market during forecast period”
The hospitals and providers segment is expected to hold the largest size of AI in healthcare market in terms of end user, during the forecast period. A few major factors responsible for the high share of the hospitals and providers segment include a large number of applications of AI solutions across provider settings; ability of AI systems to improve care delivery, patient experience, and bring down costs; and growing adoption of electronic health records by healthcare organizations. Moreover, AI-based tools, such as voice recognition software and clinical decision support systems, help streamline workflow processes in hospitals, lower cost, improve care delivery, and enhance patient experience.

“North America to witness highest growth from 2018 to 2025”
North America to likely to witness the highest CAGR during the forecast period. The US is considered one of the major contributors in the North American AI in healthcare market. The US is one of the leading countries in the world to adopt AI technology across the continuum of care. Moreover, high consumerization of personal care products—routine check-up medical tools and wearable devices—is further complementing the growth of AI in healthcare market.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the AI in healthcare marketspace. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 - 40%, Tier 2 - 25%, and Tier 3 - 35%
By Designation: C-level Executives - 45%, Directors - 25%, and Others - 30%
By Region: North America - 55%, Europe - 20%, APAC - 15%, and RoW - 10

The report profiles key players in the AI in healthcare market with their respective market ranking analysis. Prominent players profiled in this report are NVIDIA (US), Intel (US), IBM (US), Google (US), Microsoft (US), AWS (US), General Vision (US), GE Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US), Johnson & Johnson (US), and Koninklijke Philips N.V. (Netherlands).

Research Coverage:
This research report categorizes the global AI market on the basis of offering, technology, end-use application, end user, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the AI in healthcare market and forecasts the same till 2025.

Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the AI in healthcare market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. The report helps stakeholders to understand value-chain of AI in healthcare market along with recent case studies.
4. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launch, acquisition, collaboration, expansion, and partnership.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN AI IN HEALTHCARE MARKET
    • AI IN HEALTHCARE MARKET, BY OFFERING
    • AI IN HEALTHCARE MARKET, BY TECHNOLOGY
    • EUROPE: AI IN HEALTHCARE MARKET, BY END USER AND COUNTRY
    • AI IN HEALTHCARE MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table INCREASE IN NEUROIMAGING AND GENETICS DATA, AND COMPLEXITY RELATIVE TO COMPUTATIONAL POWER
        • Table PRICE COMPARISON: AI CHIPSETS (LEADING COMPANIES)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • CASE STUDIES
      • MAYO CLINIC'S CENTRE FOR INDIVIDUALIZED MEDICINE COLLABORATED WITH TEMPUS TO PERSONALIZE CANCER TREATMENT
      • MICROSOFT COLLABORATED WITH CLEVELAND CLINIC TO IDENTIFY POTENTIAL AT-RISK PATIENTS UNDER ICU CARE
      • NVIDIA AND MASSACHUSETTS GENERAL HOSPITAL PARTNERED TO USE ARTIFICIAL INTELLIGENCE FOR ADVANCED RADIOLOGY, PATHOLOGY, &GENOMICS
      • MICROSOFT PARTNERED WITH WEIL CORNELL MEDICINE TO DEVELOP AI-POWERED CHATBOT
      • PARTNERS HEALTHCARE AND GE HEALTHCARE ENTERED INTO 10-YEAR COLLABORATION FOR INTEGRATING AI ACROSS CONTINUUM OF CARE
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERING
    • INTRODUCTION
      • Table AI IN HEALTHCARE MARKET, BY OFFERING, 2015-2025 (USD MILLION)
    • HARDWARE
      • Table AI IN HEALTHCARE MARKET, BY HARDWARE, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET FOR HARDWARE, BY REGION, 2015-2025 (USD MILLION)
      • PROCESSOR
        • Table AI IN HEALTHCARE MARKET, BY PROCESSOR, 2015-2025 (USD MILLION)
      • MEMORY
      • NETWORK
    • SOFTWARE
      • Table AI IN HEALTHCARE MARKET FOR OFFERING, BY SOFTWARE, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET FOR SOFTWARE, BY REGION, 2015-2025 (USD MILLION)
      • AI SOLUTIONS
        • Table AI IN HEALTHCARE MARKET FOR SOLUTION, BY DEPLOYMENT, 2015-2025 (USD MILLION)
      • AI PLATFORM
        • Table AI IN HEALTHCARE MARKET FOR SOFTWARE, BY PLATFORM, 2015-2025 (USD MILLION)
    • SERVICES
      • Table AI IN HEALTHCARE MARKET, BY SERVICES, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET FOR SERVICES, BY REGION, 2015-2025 (USD MILLION)
      • DEPLOYMENT & INTEGRATION
      • SUPPORT & MAINTENANCE
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table AI IN HEALTHCARE MARKET, BY TECHNOLOGY, 2015-2025 (USD MILLION)
    • MACHINE LEARNING
      • Table AI IN HEALTHCARE MARKET FOR MACHINE LEARNING, BY TYPE, 2015-2025 (USD MILLION)
      • DEEP LEARNING
      • SUPERVISED LEARNING
      • REINFORCEMENT LEARNING
      • UNSUPERVISED LEARNING
      • OTHERS
    • NATURAL LANGUAGE PROCESSING
      • NLP IS WIDELY USED BY THE CLINICAL AND RESEARCH COMMUNITY IN HEALTHCARE
        • Table AI IN HEALTHCARE MARKET FOR NATURAL LANGUAGE PROCESSING, BY TYPE, 2015-2025 (USD MILLION)
    • CONTEXT-AWARE COMPUTING
      • DEVELOPMENT OF MORE SOPHISTICATED HARD AND SOFT SENSORS HAS ACCELERATED THE GROWTH OF CONTEXT-AWARE COMPUTING
        • Table AI IN HEALTHCARE MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2015-2025 (USD MILLION)
    • COMPUTER VISION
      • COMPUTER VISION TECHNOLOGY HAS SHOWN SIGNIFICANT APPLICATIONS IN SURGERY AND THERAPY
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END-USE APPLICATION
    • INTRODUCTION
      • Table AI IN HEALTHCARE MARKET, BY END-USE APPLICATION, 2015-2025 (USD MILLION)
    • PATIENT DATA AND RISK ANALYSIS
      • GROWTH IN HEALTHCARE DATA HAS ESCALATED PATIENT DATA AND RISK ANALYSIS APPLICATION
        • Table AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR PATIENT DATA AND RISK ANALYSIS, BY END USER, 2015-2025 (USD MILLION)
    • INPATIENT CARE & HOSPITAL MANAGEMENT
      • DEMAND TO REDUCE THE OPERATIONAL COST IN HOSPITALS TO GENERATE DEMAND FOR AI-BASED IN-PATIENT CARE AND HOSPITAL MANAGEMENT
        • Table AI IN HEALTHCARE MARKET FOR IN-PATIENT CARE & HOSPITAL MANAGEMENT, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR IN-PATIENT CARE AND HOSPITAL MANAGEMENT, BY END USER, 2015-2025 (USD MILLION)
    • MEDICAL IMAGING & DIAGNOSTICS
      • GROWTH IN MEDICAL IMAGING DATA HAS PROPELLED THE GROWTH OF MEDICAL IMAGING AND DIAGNOSTICS APPLICATION
        • Table AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR MEDICAL IMAGING AND DIAGNOSTICS, BY END USER, 2015-2025 (USD MILLION)
    • LIFESTYLE MANAGEMENT & MONITORING
      • AI SOLUTIONS FOR LIFESTYLE MANAGEMENT AND MONITORING HELPS PATIENTS IN MAKING HEALTHIER LIFESTYLE CHANGES
        • Table AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR LIFESTYLE MANAGEMENT & MONITORING, BY END USER, 2015-2025 (USD MILLION)
    • VIRTUAL ASSISTANT
      • INCREASING DEMAND TO IMPROVE FOLLOW-UP CARE, ESPECIALLY FOR PATIENTS WITH CHRONIC DISEASES, IS DRIVING THE GROWTH OF VIRTUAL ASSISTANTS
        • Table AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR VIRTUAL ASSISTANT, BY END USER, 2015-2025 (USD MILLION)
    • DRUG DISCOVERY
      • AI TO REDUCE THE TIME AND COST REQUIRED IN DRUG DISCOVERY
        • Table AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR DRUG DISCOVERY, BY END USER, 2015-2025 (USD MILLION)
    • RESEARCH
      • GROWING ADOPTION OF DIFFERENT TYPES OF AI ALGORITHMS AMONG BIOINFORMATICS RESEARCHERS, ESPECIALLY FOR CLASSIFYING AND MINING THEIR DATABASES, IS THE KEY APPLICATION OF AI IN RESEARCH
        • Table AI IN HEALTHCARE MARKET FOR RESEARCH, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR RESEARCH, BY END USER, 2015-2025 (USD MILLION)
    • HEALTHCARE ASSISTANCE ROBOTS
      • HEALTHCARE ASSISTANCE ROBOTS HAVE BEEN ADOPTED IN SEVERAL AREAS THAT DIRECTLY AFFECT PATIENT CARE
        • Table AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR HEALTHCARE ASSISTANCE ROBOTS, BY END USER, 2015-2025 (USD MILLION)
    • PRECISION MEDICINE
      • AI IS EXPECTED TO FULFILL THE DEMAND FOR PERSONALIZED TREATMENT PLANS FOR PATIENTS ADMINISTERED WITH PRECISION MEDICINE
        • Table AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR PRECISION MEDICINE, BY END USER, 2015-2025 (USD MILLION)
    • EMERGENCY ROOM & SURGERY
      • LIMITED WORKFORCE IN EMERGENCY ROOMS AND DEMAND TO SUPPORT CLINICIANS WITH SURGICAL DATA TO DRIVE THE GROWTH OF AI IN EMERGENCY ROOM AND SURGERY
        • Table AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & SURGERY, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR EMERGENCY ROOM & MONITORING, BY END USER, 2015-2025 (USD MILLION)
    • WEARABLES
      • WEARABLE DEVICES ARE CLINICALLY USEFUL FOR IMPROVING REAL-TIME MONITORING OF PATIENTS
        • Table AI IN HEALTHCARE MARKET FOR WEARABLES, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR WEARABLES, BY END USER, 2015-2025 (USD MILLION)
    • MENTAL HEALTH
      • INCREASE IN MENTAL DISORDERS ACROSS THE WORLD IS THE KEY FACTOR SUPPORTING THE GROWTH OF MENTAL HEALTH APPLICATION
        • Table AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY REGION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR MENTAL HEALTH, BY END USER, 2015-2025 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END USER
    • INTRODUCTION
      • Table AI IN HEALTHCARE MARKET, BY END USER, 2015-2025 (USD MILLION)
    • HOSPITALS AND PROVIDERS
      • AI CAN BE UTILIZED TO PREDICT AND PREVENT READMISSIONS, AND IMPROVE OPERATIONS AMONG HOSPITALS AND PROVIDERS
        • Table AI IN HEALTHCARE MARKET FOR HOSPITALS AND PROVIDERS, BY APPLICATION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR HOSPITALS AND PROVIDERS, BY REGION, 2015-2025 (USD MILLION)
    • PATIENTS
      • SMARTPHONE APPLICATIONS AND WEARABLES TO DRIVE THE ADOPTION OF AI AMONG PATIENTS
        • Table AI IN HEALTHCARE MARKET FOR PATIENTS, BY APPLICATION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR PATIENTS, BY REGION, 2015-2025 (USD MILLION)
    • PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
      • APPLICATIONS SUCH AS DRUG DISCOVERY, PRECISION MEDICINE, AND RESEARCH TO DRIVE AI IN PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
        • Table AI IN HEALTHCARE MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY APPLICATION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, BY REGION, 2015-2025 (USD MILLION)
    • HEALTHCARE PAYERS
      • HEALTHCARE PAYERS USE AI TOOLS MAINLY FOR MANAGING RISK, IDENTIFYING CLAIMS TRENDS, AND MAXIMIZING PAYMENT ACCURACY
        • Table AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY APPLICATION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY REGION, 2015-2025 (USD MILLION)
    • OTHERS
      • PATIENT DATA AND RISK ANALYTICS AND HEALTHCARE ASSISTANCE ROBOTS TO DRIVE THE GROWTH OF AI IN ACOS AND MCOS
        • Table AI IN HEALTHCARE MARKET FOR OTHERS, BY APPLICATION, 2015-2025 (USD MILLION)
        • Table AI IN HEALTHCARE MARKET FOR OTHERS, BY REGION, 2015-2025 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY REGION
    • INTRODUCTION
      • Table AI IN HEALTHCARE MARKET, BY REGION, 2015-2025 (USD MILLION)
    • NORTH AMERICA
      • Table AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2025(USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY END USER, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN NORTH AMERICA, BY OFFERING, 2015-2025 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table AI IN HEALTHCARE MARKET IN EUROPE, BY COUNTRY, 2015-2025(USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN EUROPE, BY END USER, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN EUROPE, BY OFFERING, 2015-2025 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table AI IN HEALTHCARE MARKET IN APAC, BY COUNTRY, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN APAC, BY END USER, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN APAC, BY OFFERING, 2015-2025 (USD MILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • Table AI IN HEALTHCARE MARKET IN ROW, BY REGION, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN ROW, BY END USER, 2015-2025 (USD MILLION)
      • Table AI IN HEALTHCARE MARKET IN ROW, BY OFFERING, 2015-2025 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS, 2017
    • COMPETITIVE SCENARIO
      • PRODUCT DEVELOPMENTS AND LAUNCHES
      • COLLABORATIONS, PARTNERSHIPS, AND STRATEGIC ALLIANCES
      • ACQUISITIONS & JOINT VENTURES
  • COMPANY PROFILES
    • KEY PLAYERS
      • NVIDIA
      • INTEL
      • IBM
      • GOOGLE
      • MICROSOFT
      • GENERAL ELECTRIC (GE) COMPANY
      • SIEMENS HEALTHINEERS (A STRATEGIC UNIT OF THE SIEMENS GROUP)
      • MEDTRONIC
      • MICRON TECHNOLOGY
      • AMAZON WEB SERVICES (AWS)
    • OTHER MAJOR COMPANIES
      • JOHNSON & JOHNSON SERVICES
      • KONINKLIJKE PHILIPS
      • GENERAL VISION
    • COMPANY PROFILES, BY APPLICATION
      • PATIENT DATA & RISK ANALYSIS
      • MEDICAL IMAGING & DIAGNOSTICS
      • PRECISION MEDICINE
      • DRUG DISCOVERY
      • LIFESTYLE MANAGEMENT & MONITORING
      • VIRTUAL ASSISTANTS
      • WEARABLES
      • EMERGENCY ROOM & SURGERY
      • IN-PATIENT CARE & HOSPITAL MANAGEMENT
      • RESEARCH
      • MENTAL HEALTH
      • HEALTHCARE ASSISTANCE ROBOTS
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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