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Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

DESCRIPTION
The healthcare Artificial Intelligence market is expected to exceed net value US$8.1
billion growing at a CAGR of 46.02% by the end of the forecast period. Artificial
Intelligence is expected to grow in healthcare industry due to easier integration of
various hospital and computer systems. AI has extensively reformed the healthcare
industry by designing treatment plans, assisting in repetitive tasks, and drug discovery.
The healthcare AI is projected to expand rapidly owing to its increasing application in
genomics research coupled with improvements in robotic personal digital assistants.
The growth of healthcare AI is highly propagated by rising application in diagnostics
and imaging industry. The various restraints that the industry will face during the
forecast period are high initial capital investments, complex ROI structure, high
maintenance, and repair costs and mounting concerns over large scale unemployment
due to adoption to AI in the healthcare industry.
By Product offerings
The global healthcare AI market is segmented into hardware, software, and services on
basis of products offered by the industry. The software segment is the major segment
due to its wide utilization for drug discovery as it considerably improves the success
rate for drug development. The software segment is expected to witness a significant
growth rate as demand for software-based AI is rising in various segments of
healthcare.
By Technology
On the basis of technology, AI for the healthcare industry is segmented into NLP
(Natural Language Processing), context-aware Processing, deep learning and querying
method. The NLP segment is expected to witness high growth rate during the forecast
period as healthcare market is vastly driven by exponentially increasing unstructured
clinical data. The NLP technology enables health professionals to boost the whole
performance of the clinical process by attaining clinical communication techniques. NLP
segment is further divided into machine translation, information extraction, report
generation, and predictive risk analytics.

Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

By Application
The Patient Data and Risk Analysis segments were the major market segments in 2016
due to inclusion of big data analysis in healthcare with increasing adoption of EMR
offered by AI systems. The growth of patient data and risk analysis is high due to the
fast analysis by AI. Artificial intelligence is also accepted for various applications in
medical imaging and diagnostics, Lifestyle Management & Monitoring, Virtual Assistant,
Inpatient Care and Hospital Management Research
By End-user
The major segment of global healthcare AI market is the providers segment due to the
high adoption of AI for better patient experience, reduced costs and lesser time for
diagnostics. The demand for AI in healthcare is rising for Research and Development
projects undertaken by various pharmaceutical and biotechnology companies.
By Geography
North America region is expected to grow at the fastest rate benefiting from supportive
governmental policies to use big data analysis coupled with new inventions in
healthcare and other related fields. The growth in healthcare AI market is driven by
rising senior population in the region which demands for faster diagnostics. The high
market share of North America is attributable to the presence of many prominent
players in the region providing products and services related to Artificial Intelligence in
healthcare.
Competitive Insights
The major companies providing AI for healthcare industry are IBM Corporation (US),
Intel Corporation (US), Google, Inc. (US), NVIDIA Corporation (US), Microsoft
Corporation (US), iCarbonX (China), Next IT Corp. (US) and many others. Companies
are trying to expand applications for AI to various verticals in healthcare and gain the
edge over the competition.
Segmentation
In this report, the global healthcare market for Artificial Intelligence is segmented by
materials, by application, by end-user, and by geography:
Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

 By Product Offerings
o Hardware
o Software


AI Platform



Solution

o Services


Deployment and Integration



Support and Maintenance

 By Technology
o Natural Language Processing (NLP)
o Context Aware Processing
o Deep Learning
o Querying Method
 By Application
o Patient Data and Risk Analysis
o Medical Imaging and Diagnostics
o Precision Medicine
o Drug Discovery
o Lifestyle Management & Monitoring
o Virtual Assistant
o Wearables
o Inpatient Care and Hospital Management
o Research
 By End User
o Providers
o Pharmaceutical and Biotechnology Companies
o Payers
Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

o Patients
o ACOS and MCOS
 By Regions
o North America


US



Canada



Mexico

o Europe


Germany



France



UK



Spain



Others

o APAC


China



India



Japan



South Korea



Others

o Others
Key questions answered by the report
 What will be the global healthcare Artificial Intelligence market size from 2017 to
2022?
 How are the major drivers and restraints affecting the laser material market growth
and the opportunities which exist for key vendors?
 Which segment and region will drive or lead the market growth and why?

Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

 A comprehensive analysis of competitive landscape and key market participants’
behavior
 Key strategies being adopted by vendors, with in-depth analysis along with their
impact on competition and market growth.

Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

TABLE OF CONTENTS
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s Five Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. Healthcare Artificial Intelligence Market Forecast by Product offerings (US$ Billion)
5.1. Hardware
5.1.1. Market Size and Forecast to 2022
5.2. Software
5.2.1. Market Size and Forecast to 2022
5.3. Services
6. Healthcare Artificial Intelligence Market Forecast by Application (US$ Billion)
6.1. Medical Imaging and Diagnostics
6.1.1. Market Size and Forecast to 2022
6.2. Precision Medicine
6.2.1. Market Size and Forecast to 2022
6.3. Drug Discovery
6.3.1. Market Size and Forecast to 2022
6.4. Lifestyle Management & Monitoring
6.4.1. Market Size and Forecast to 2022
6.5. Virtual Assistant
6.5.1. Market Size and Forecast to 2022
6.6. Wearables
Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

6.6.1. Market Size and Forecast to 2022
6.7. Inpatients Care and Hospital management
6.7.1. Market Size and Forecast to 2022
6.8. Research
6.8.1. Market Size and Forecast to 2022
7. Healthcare Artificial Intelligence Market Forecast by end-user (US$ Billion)
7.1. Providers
7.1.1. Market Size and Forecast to 2022
7.2. Pharmaceutical and Biotechnology Companies
7.2.1. Market Size and Forecast to 2022
7.3. Payers
7.3.1. Market Size and Forecast to 2022
7.4. Patients
7.4.1. Market Size and Forecast to 2022
7.5. ACOS and MCOS
7.5.1. Market Size and Forecast to 2022
8. Healthcare Artificial Intelligence Market Forecast by Geography (US$ Billion)
8.1. North America
8.1.1. U.S.
8.1.1.1. Market Size and Forecast to 2022
8.1.2. Canada
8.1.2.1. Market Size and Forecast to 2022
8.1.3. Others
8.1.3.1. Market Size and Forecast to 2022
8.2. Europe
8.2.1. UK
8.2.1.1. Market Size and Forecast to 2022
8.2.2. Germany
8.2.2.1. Market Size and Forecast to 2022
8.2.3. France
8.2.3.1. Market Size and Forecast to 2022
8.2.4. Spain
8.2.4.1. Market Size and Forecast to 2022
Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022

8.2.5. Others
8.2.5.1. Market Size and Forecast to 2022
8.2.6. Middle East and Latin America
8.2.6.1. Saudi Arabia
8.2.6.1.1. Market Size and Forecast to 2022
8.2.6.2. Middle East
8.2.6.2.1. Market Size and Forecast to 2022
8.2.6.3. South Africa
8.2.6.3.1. Market Size and Forecast to 2022
8.2.6.4. Others
8.2.6.4.1. Market Size and Forecast to 2022
8.3. Asia Pacific
8.3.1. Japan
8.3.1.1. Market Size and Forecast to 2022
8.3.2. China
8.3.2.1. Market Size and Forecast to 2022
8.3.3. South Korea
8.3.3.1. Market Size and Forecast to 2022
8.3.4. India
8.3.4.1. Market Size and Forecast to 2022
8.3.5. Others
8.3.5.1. Market Size and Forecast to 2022
9. Competitive Intelligence
9.1.1. Market Share of Key Players
9.1.2. Investment Analysis
9.1.3. Recent Deals
9.1.4. Strategies of Key Players
10. Company Profiles
10.1. Bay Labs, Inc.
10.1.1. Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
Healthcare Artificial Intelligence Market - Forecasts from 2017 to 2022


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