Artificial Intelligence in Healthcare Market

Artificial Intelligence in Healthcare Market Size, Share, Growth, Outlook, and Opportunity
Analysis, 2018-2026
Artificial intelligence is expected to aid in improving preventative care with the help of big data crunch
and study of all the factors associated with disease diagnosis and treatment approach and
assessment of the same. Physicians can take better decisions associated with treatment by relying
on relevant data provided by artificial intelligence technologies. These technologies include
algorithms, computer vision, machine learning, image recognition, speech recognition, cognitive
computing, semantic web, and natural language processing. Features of artificial intelligence include
pattern identification, management of big data, and eliminating bias. Artificial Intelligence capability
heavily depends on the quantity and quality of data accessible to the technology, and hence, the
growth in the market is dependent on its accessibility to such data.
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Artificial intelligence could aid in improving basic healthcare facilities, which could help the
doctors to invest more time on critical cases
Doctor-population ratio has become major concern in emerging economies such as India.
According to official figure presented in Indian Parliament, about 1,022,859 allopathic doctors
registered with the state medical councils or Medical Council of India as on March 31, 2017.
Considering as high as 80% availability, around 0.8 million doctors may be available for service
in India, which translates to 0.62:1,000 doctor-population ratio that is below the WHO standard
(i.e. 1:1000). Developed economies such as the U.S. have a high doctor-population ratio,
however, may not be sufficient enough to meet demand of rapidly increasing population.
According to a report by Association of American Medical Colleges, U.S. may face the shortage of
more than 90,000 doctors by 2020, including 45,000 patient care physicians.
Increasing research and development for application of artificial intelligence in
healthcare is expected to boost growth of the market
Artificial intelligence systems are mainly categorized into machine learning techniques and
natural language processing. Machine learning techniques involve analysis of structured data
such as genetic data, and imaging data, whereas, natural language processing involves
extracting information from unstructured data such as clinical notes, and medical journals.
Microsoft Corporation and Adaptive Biotechnologies partnered to combine artificial intelligence
with human immune system sequencing (from Adaptive Biotechnologies) in January 2018. The
University of Massachusetts Amherst Center for Data Science partnered with Chan Zuckerberg
Initiative (CZI) in January 2018 to accelerate healthcare research and development using
artificial intelligence. Furthermore, January 2018, Wilfrid Laurier University researchers and
health researchers in Waterloo University collaborated to study the use of artificial intelligence
for early detection of Alzheimer’s. Owkin France raised US$ 11 million in January 2018, to
develop artificial algorithms for speeding up drug development process. Biotricity, Inc. —a
medical diagnostic and consumer healthcare technology company —is expanding research and
development, to include artificial intelligence into its product offerings. Furthermore, Ubenwa —
a Nigerian Artificial Intelligence health startup — founded in 2014 —developed a mobile app to
detect asphyxia in newborn babies using machine learning.
Report includes chapters which deeply display the following deliverable about industry :
• Artificial Intelligence in Healthcare Market Research Objective and Assumption
• Artificial Intelligence in Healthcare Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Artificial Intelligence in Healthcare Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Artificial Intelligence in Healthcare Market, By Regions
• Artificial Intelligence in Healthcare Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Artificial Intelligence in Healthcare Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Artificial Intelligence in Healthcare Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Artificial Intelligence in Healthcare Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Key players in the market are focusing on collaborations in order to expand its
presence in the market. For instance, in 2017, Nvidia Corporation collaborated with
GE Healthcare to speed up the adoption of AI in healthcare. As per agreement, Nvidia
Corporation is expected to integrate its artificial intelligence (AI) to GE Healthcare’s
500,000 imaging devices, globally.
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Detailed Segmentation:
• Global Artificial Intelligence in Healthcare Market,
• Hardware
• Software & Services
• Global Artificial Intelligence in Healthcare Market,
• Speech Recognition
• Querying Method
• Natural Language Processing
• Machine Learning
• Context Aware Processing
• Global Artificial Intelligence in Healthcare Market,
• Imaging & Diagnostics
• Drug Discovery
• Lifestyle Management & Monitoring
• Emergency Room & Hospital Management
• Insights & Risk Analytics
• Wearables
• Virtual Assistants
• Others
• Global Artificial Intelligence in Healthcare Market,
• Hospitals
• Pharmaceutical Organizations
• Diagnostic Centers
• Clinics
• Global Artificial Intelligence in Healthcare Market,
• North America
By Solution:
By Technology:
By Application:
By End User:
By Geography:
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