Healthcare Artificial Intelligence (AI) Market Size to Reach Revenues of USD 44.5 Billion by 2026 - Arizton
CHICAGO, Dec. 1, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global healthcare artificial intelligence (AI) market report.
The healthcare artificial intelligence (AI) market is expected to grow at a CAGR of over 46.21% during the period 2020−2026.
Key Highlights Offered in the Report:
1. Software & services in healthcare AI is expected to witness high growth rate due to the evolution in digital health technologies such as EMR/EHR, telehealth, e-prescribing in healthcare services. The software and services segment accounted for 73.92% of healthcare AI market share in 2020.
2. Artificial intelligence in drug discovery and clinical decision-making leads to new path of speedy workflow in pharmaceutical drug & dosage management. This emerging trend of advancements in drug discovery is incorporated widely as it is cost and time efficient.
3. The growth and acceptance of AI in hospital workflow management witnessed streamlined and efficient patient care offered by the healthcare facilities. Hospital workflow management accounted for 38.41% of healthcare AI market in 2020 and expected to retain its market dominance in coming years.
4. North America captured a dominant position in the market and generated maximum revenue in compared to rest. Additionally, Europe and APAC are likely to see the top line growth in adoption of AI and healthcare information technology solutions in healthcare facilities.
5. Vendors from the market are rising the investment in digital solutions for healthcare. In recent years, the number of collaborations between IT companies and healthcare providers have been made to adopt new technologies and incorporating to better outcomes.
6. Machine learning is widely applied in and adopted in the healthcare services because of its algorithmic more accurate results. In application segment machine learning accounted a major share of 41.16% of healthcare AI market in 2020.
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by category, application, technology, end-user, and geography
- Competitive Landscape – 7 key vendors and 30 other vendors
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