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Global Artificial Intelligence in Medicine Market

Global Artificial Intelligence in Medicine Market

Artificial Intelligence in Medicine Market
The global AI in medicine market was valued at USD 1.123 billion in 2016 and is expected to reach a market value of USD 9.10 billion by the year 2022, growing at a CAGR of 42.73% during the forecast period (2016-2021).

So far, medicine is the only field wherein, irrespective of all the technological advancements, most processes are still controlled manually. AI can make possible a medical imaging device that not just performs imaging but can also identify any abnormalities in the medical images and identify the target indication without ever needing a radiologist. When AI is integrated into medical solutions, it is known as AI in Medicine.

Global Artificial Intelligence in Medicine-Market Dynamics

Since AI as a whole is in its very early stages of development, currently it cannot perform all the tasks that a doctor or nurse can but it can perform some tasks. Currently, there are some AI-based medical solutions that are available commercially and this report tracks them.


Some factors contributing to the growth of the market are:

Ability of AI-enabled medical solutions to reduce workload
Increased patient safety
Huge cost savings associated with use of AI
Increasing spectrum of applications

The complicated and often non-existent regulatory guidelines along with concerns regarding overall patient experience and very little to no practical applicability in emerging markets are hindering the growth of this market.

Opportunities and Challenges

Technology/product simplification is currently a huge opportunity in this market, while the lack of autonomously deployable systems is the major challenge faced by this market.

The AI in medicine market has been segmented on the basis of area of application into medical imaging and diagnostics, wearables, health and lifestyle management, healthcare biotech, insights and risk management, emergency room and hospital monitoring, drug discovery, mental health, virtual assistants and nutrition.Based on geography, this market has been segmented into North America (the United States and Canada), Europe (the United Kingdom, Germany, France, Italy, and Spain), and Asia-Pacific (APAC) (China, Japan, India, Australia and South Korea).

Some of the key players in the market are:

Cyrcadia Health
IBM Watson Health
Modernizing Medicine
Zebra Medical Vision
What the Report Offers

Market analysis for the AI in medicine market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global AI in medicine devices market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Spectrum of Applications
4.2.2 Increased Adoption of AI in the Industry and Emphasis on Cost Saving.
4.2.3 Survey Results Indicate Expanding Patient Demographics for Facial Injectables
4.3 Market Restraints
4.3.1 Concerns over the Patient Perception and Reception of the AI Technologies
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Intensity of Competitive Rivalry
4.5.3 Bargaining Power of Consumers
4.5.4 Threat of Substitute Products or Services
4.5.5 Threat of New Entrants
5. Global Artificial Intelligence in Medicine Market Segmentation
5.1 Segmented by - Application
5.1.1 Medical Administration and support
5.1.2 Patient Management
5.1.3 research & Development
5.1.4 Others
5.2 Segmented by Region
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Middle East & Africa
5.2.5 Latin America
6. Company Profiles
6.1 AiCure LLC
6.2 Atomwise Inc.
6.3 BERG Health
6.4 Cyrcadia Health Inc.
6.5 Esko Bionics
6.6 Hindsait
6.7 IBM Watson Health
6.8 MedaSense Biometrics Ltd.
6.9 Modernizing Medicine, Inc.
6.10 Inc.
6.11 Zebra Medical Vision Ltd.
7. Investment Analysis
8. Future of Artificial Intelligence in Medicine Market

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