Global Artificial Intelligence in Medicine Market Projected to Reach USD 15,000.00 Million By 2026

19-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Artificial Intelligence in Medicine Market By Component (Hardware, Software, Service), By Application (Robot Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Fraud Detection, Connected Machines, Clinical Trial, Preliminary Diagnosis, Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer, Others), and By Technology (Querying Method, Natural Language Processing, Context Aware Processing, Speech Recognition, Decision Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global artificial intelligence in medicine market in 2019 was around USD 800 million. The market is expected to grow at a CAGR of 49% and is anticipated to reach around USD 15,000 million by 2026.

Artificial Intelligence in Medicine Market

Request Sample Request Customization Buy Now

Artificial intelligence in medicine has the probable to expressively convert the character of the doctor and revolutionize the preparation of medicine. Across changed medical specialties, and discusses the strengths as well as challenges, involving to this emergent technology. Doctors, particularly those in management roles, the necessity to be responsive to quickly AI is evolving in health, therefore they remain ready to main the modification essential for its acceptance through the health system. The AI is effective as persons in the analysis of various medical situations, and some cases, additional effective. Artificial intelligence in medicine is the usage of compound algorithms and software to emulate hominid thought in the inquiry of complex medical data. Exactly, AI is the skill for computer systems to estimated assumptions without thru human input.

Browse the full “Artificial Intelligence in Medicine Market By Component (Hardware, Software, Service), By Application (Robot Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Fraud Detection, Connected Machines, Clinical Trial, Preliminary Diagnosis, Others), By End-User (Healthcare Provider, Pharmaceutical & Biotechnology Company, Patient, Payer, Others), and By Technology (Querying Method, Natural Language Processing, Context Aware Processing, Speech Recognition, Decision Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/artificial-intelligence-in-medicine-market-by-component-hardware-830

The growing application of artificial intelligence in the field of drug discovery. Growth of artificial intelligence in medicine consumes related to the development of AI programs intended to assist and help clinicians in making satisfying decisions, and the estimate of outcomes. They are designed to support health care employees in their daily duties, supplementary with responsibilities that trust on the influence of files and knowledge.

By component, the Artificial intelligence in medicine market is segmented as hardware, software, service. Artificial intelligence in medicine is the usage of compound procedures and software to match human thought in the analysis of complex medical files. Exactly, artificial intelligence is the facility for computer systems to estimated assumptions without direct human input.

By Application, artificial intelligence in the medicine market is segmented as preliminary diagnosis,robot-assisted surgery, connected machines, virtual nursing assistants, clinical trial, administrative workflow assistance, fraud detection, others. Artificial intelligence in medicine used in fraud detection has increased owing to the growing frequency of healthcare fraud that consumes controlled to greater problems for the healthcare manufacturing as well as compensation organization. The fraud includes misrepresentation and the intended proposal of false claims.

ByEnd-User, the artificial intelligence in the medicine market is a segmented as healthcare provider, pharmaceutical & biotechnology company, patient, payer, others. Artificial intelligence in medicine use of automatic algorithms to achieve tasks which usually depend on humanoid intelligence. The use of artificial intelligence in the pharmaceutical & biotechnology company takes redefined how scientists progress new drugs, diseases, and more.

By Technology, the artificial intelligence in medicine market is segmented as querying method, natural language processing, context-aware processing, speech recognition, decision management, others. Artificial intelligence in medicine is progressively actuality accepted through the healthcare company, and several of the greatest moving Artificial intelligence applications influence natural language processing (NLP). Put, NLP is a particular branch of AI focused on the analysis and operation of human-generated written data.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 800 Million

Projected Market Size in 2026

USD 15,000 Million

CAGR Growth Rate

49% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

LabsInc, Welltok, CloudMedx Inc., Siemens Healthcare GmbH, Nvidia Corporation, Enclitic, Next IT Corp., General Electric, General Vision, Google Inc, IBM Corporation, iCarbonX, Koninklijke Philips, maxQ, Microsoft, and Others

Key Segment

By Component, Application, End-User, Technology, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs.Explore purchase options

Some of the leading players in the global market include

LabsInc, Welltok, CloudMedx Inc., Siemens Healthcare GmbH, Nvidia Corporation, Enclitic, Next IT Corp., General Electric, General Vision, Google Inc, IBM Corporation, iCarbonX, Koninklijke Philips, maxQ, Microsoft, and others.

This report segments the artificial intelligence in medicine market as follows:

By Component Segmentation Analysis

  • Hardware
  • Software
  • Service

By Application Segmentation Analysis

  • Robot Assisted Surgery
  • Virtual Nursing Assistants
  • Administrative Workflow Assistance
  • Fraud Detection
  • Connected Machines
  • Clinical Trial
  • Preliminary Diagnosis
  • Others(Dosage Error Reduction, Cybersecurity, Etc.)

By End-User Segmentation Analysis

  • Healthcare Provider
  • Pharmaceutical & Biotechnology Company
  • Patient
  • Payer
  • Others

By Technology Segmentation Analysis

  • Querying Method
  • Natural Language Processing
  • Context Aware Processing
  • Speech Recognition
  • Decision Management
  • Others(Biometrics, AI Modeling, Etc.)

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com

 


Latest Market Research Reports

report img

Organic Soap Market Report 2024 – 2032

[218+ Pages Report] According to Facts Factors, the global organic soap market size was worth around USD 2.1 billion in 2023 and is predicted to grow to around USD 4.3 billion by 2032, with a compound annual growth rate (CAGR) of roughly 8.3% between 2024 and 2032. Organic Soap Market: Overview Org

Published Date : 18-Nov-2024 | | Category : Consumer Goods | Pages : 218 | Format : Read more

Inquiry for Buying Request Sample
report img

Risk Management Software Market Report 2024 – 2032

[214+ Pages Report] According to Facts Factors, the global risk management software market size was valued at USD 9.64 billion in 2023 and is predicted to surpass USD 34.77 billion by the end of 2032. The risk management software industry is expected to grow by a CAGR of 14.36% between 2024 and 203

Published Date : 14-Nov-2024 | | Category : Software and Services | Pages : 214 | Format : Read more

Inquiry for Buying Request Sample
report img

Call Center AI Market Report 2024 – 2032

[213+ Pages Report] According to Facts Factors, the global call center AI market size was valued at USD 1.70 billion in 2023 and is predicted to surpass USD 11.19 billion by the end of 2032. The call center AI industry is expected to grow by a CAGR of 23.28% between 2024 and 2032. Call Center AI Ma

Published Date : 13-Nov-2024 | | Category : Technology & Media | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample
report img

Personalized Nutrition Market Report 2024 – 2032

[221+ Pages Report] According to Facts Factors,the global personalized nutrition market size was valued at USD 13.35 billion in 2023 and is predicted to surpass USD 46.31 billion by the end of 2032. The personalized nutrition industry is expected to grow by a CAGR of 14.82% between 2024 and 2032. P

Published Date : 11-Nov-2024 | | Category : Healthcare | Pages : 221 | Format : Read more

Inquiry for Buying Request Sample
report img

Sleep Tech Devices Market Report 2024 – 2032

[218+ Pages Report] According to Facts Factors, the global sleep tech devices market size was valued at USD 20.68 billion in 2023 and is predicted to surpass USD 83.79 billion by the end of 2032. The sleep tech devices industry is expected to grow by a CAGR of 16.82% between 2024 and 2032. Sleep Te

Published Date : 08-Nov-2024 | | Category : Technology & Media | Pages : 218 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration