February 9, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Artificial Intelligence in Healthcare Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2026. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Artificial Intelligence in Healthcare Market Overview:

The Global Artificial Intelligence in Healthcare Market is expected to grow from USD 4.5 billion in 2020 to USD 36.7 billion by 2026 at a CAGR of over 42.6% during the forecast period.

Drivers

Rising venture capital investments to promote the development of AI-based tool is likely to drive market growth.

  • The growth of global artificial intelligence in the healthcare market is primarily driven by the increasing usage of big data analytics in healthcare.
  • Increasing collaborations by the market players with hospitals are also expected to add to the market growth significantly.
  • Furthermore, the growing adoption of AI in hospitals to provide improves healthcare services is projected to create significant growth opportunities for the players operating in the global artificial intelligence in the healthcare market over the forecast period.

What is Artificial intelligence?

Artificial intelligence can be defined as a simulation of human intelligence in machines to perform the actions of human beings and think like humans. It involves various types of technologies including machine learning, natural language processing, computer vision, and context-aware processing.

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Key Players

Key players operating in the global Artificial Intelligence in Healthcare Market are-

  • Microsoft Corporation (The U.S),
  • Nuance Communications, Inc. (The U.S),
  • IBM Corporation (The U.S),
  • NVIDIA Corporation (The U.S),
  • Intel Corporation (The U.S),
  • DeepMind Technologies Limited (UK),
  • General Electric Company (The U.S),
  • Google LLC (The U.S),
  • Siemens Healthineers AG (Germany),
  • Micron Technology, Inc. (US),
  • Koninklijke Philips N.V. (Netherlands), and
  • General Vision, Inc. (US).

 

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