Sellbyville, DE -- (SBWire) -- 11/21/2018 --Global Healthcare Artificial Intelligence Market is forecast to exceed USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc.
Innovation in clinical research and robotic personal assistants should drive healthcare artificial intelligence market growth. Growing application in the field of genomics and precision medicine will boost personalized treatments customized to an individual patient's need. Big data analytics applications in healthcare are growing at a tremendous speed. Increasing volume of healthcare data have resulted in a growing need for artificial intelligence technology to perform data mining and accelerate the speed of healthcare delivery services. Emergence of novel and promising applications for disease diagnosis and monitoring is anticipated to drive artificial intelligence market growth.
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Huge initial investment, complex ROI structure and significant maintenance & repair costs should hamper industry growth. Rising concerns that healthcare AI adoption could lead to unemployment on a large scale can impede expansion over the forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- AiCure
- Atomwise
- Cyrcadia Health
- Lifegraph Ltd
- Welltok, Inc.
- Enlitic
- Insilico Medicine, Inc
- Apixio
- Butterfly Network, Inc.
- SOPHiA GENETICS
- iCarbonX
- Modernizing Medicine
- Sensely
- Zebra Medical Vision Ltd
- Pathway Genomics Corporation
Drug discovery held over 35% of the global artificial intelligence market share and is anticipated to witness more than 40% CAGR over the forecast years. The industry share is attributed to capability of artificial intelligence technology to recognize drug targets, and play an important role in drug design, discovery, identification and screening of molecules instantly and effectively.
Medical imaging and diagnosis should witness more than 40% growth to surpass USD 2.5 billion by 2024. Rising application of artificial intelligence in medical imaging has improved cancer tumour diagnosis at a very early stage compared to radiology. It utilizes deep learning techniques providing extraordinary performance for pattern recognition leading its way to become a game changer in the imaging and diagnosis industry.
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U.S. healthcare artificial intelligence market size is set to exceed USD 325 million in 2016, witnessing over 35% CAGR over coming years. Adoption of novel healthcare technologies such as big data analytics and favourable government initiatives will drive industry growth. Federal authorities are encouraging the use of data analytics through various initiatives and policies to reduce cost and improve quality of healthcare services.
Healthcare Artificial Intelligence Market By Application
- Medical Imaging & Diagnosis
- Drug Discovery
- Therapy Planning
- Hospital Workflow
Comprehensive Analysis on Healthcare Artificial Intelligence Market with Key Players: AiCure, Atomwise, Cyrcadia Health, Lifegraph Ltd, Welltok, Inc.
At 40% CAGR Healthcare Artificial Intelligence Market to hit USD 10bn by 2024