Pune, India -- (SBWIRE) -- 02/07/2019 -- Artificial Intelligence in Medicine Market report presents a comprehensive overview of the entire growth trajectory of the global market throughout the course of the forecast period. Various segments have been taken into consideration to provide the readers a holistic view of the entire market scenario.

The Global Artificial Intelligence in Medicine market estimated at a CAGR of 48% during forecast period.

Artificial intelligence (AI) in medicine is used to analyze complex medical data by approximating human cognition with the help of algorithms and software. The development of novel pharmaceuticals and biological through clinical trials can take more than a decade and cost billions of dollars during that tenure period. AI technology can help to make this process faster and cheaper, which in turn is expected to help improve the efficiency of pharmaceutical and biotechnology companies.

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The key players operating in the global artificial intelligence in medicine market include Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., BioXcel Corporation, and Berg Health.

Other prominent players in the value chain include InSilico Medicine, Inc., Globavir Biosciences, Inc., GNS Healthcare, Flatiron Health, Benevolent AI, Atomwise, Verge Genomics, Cloud Pharmaceuticals, and Recursion Pharmaceuticals.

The competitive landscape in consideration with the leading companies and the companies operating in the market has been highlighted and researched upon minutely. Various regions have also been explained where the market is operating successfully and the regions where the players might find lucrative opportunities in the future have also been mentioned in the report.

The major factors that effort the growth of the AI in medicine market include dearth of skilled healthcare professionals and increase in the processing power of AI systems that is estimated to help improve the efficiency of drug discovery and management of clinical trials. In addition, the growth in importance of precision medicine and rise in funding for the R&D activities of the use of AI technology in the field of medicine are anticipated to help boost the market growth. However, limited acceptance from healthcare professionals and limitations of AI decision-making can hamper the market growth. Moreover, untapped market opportunities available in developing regions such as India and China help open new avenues for the market growth during the forecast period.

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Artificial Intelligence in Medicine Market Key Segments:
By Product Type
- Hardware
- Software
- Service

By Technology
- Deep Learning
- Querying Method
- Natural Language Processing
- Context Aware Processing

By Application
- Drug Discovery & Repurposing (Preclinical Phase)
- Clinical Research Trial
- Personalized Medicine
- Others

Finally, the research directs its focus towards the possible strengths, weaknesses, opportunities, and threats that can affect the growth of the global Artificial Intelligence In Medicine. The feasibility of new projects is also measured in the report by the analysts.

Key Benefits for Stakeholders

- This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities.
- Market estimations are based on a comprehensive analysis of the key developments in the industry.
- The global market is comprehensively analyzed with respect to product type, technology, application, and region.
- In-depth analysis based on region assists to understand the regional market to assist in strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

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