Global Artificial Intelligence in Medicine Market

  • Product Code:
  • Published Date:
    5 Feb 2020
  • Region:
  • Pages:
  • Category:
    ICT & Telecom
  • Publisher:

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

Artificial Intelligence is the ability of a digital computer or a robot to do things commonly done by intelligent beings. It is used with developing systems which have the human intellectual process like reasoning, learning from experience, discovering meaning. To provide better healthcare to patients, artificial intelligence in medicine is the next big thing.AI can store and process large amounts of data and convert that information into system tools.AI infuses the healthcare system with new insights, which make life a lot easier for humans

End User/Technology
Python is used for making AI for a wide range of uses like General AI, Machine Learning,Natural Language Processing and Neural Networks.There are 10 most demanded AI technologies.They are Natural Language Generation-used to produce text from large data set.Speech Recognition is used to convert human speech into actionable data of the computer.Virtual agents like chatbots and smart home system are being widely usedMachine Learning Platforms to deploy models.

Market Dynamics
The growing patient pool,adoption of cloud computing and government initiatives favouring AI.Label problem,deployment problem and fear around regulation are three main issues when incorporating AI in medicine. There are instances where, the AI is unable to detect the correct course of life-saving treatment, although such a treatment would have been deployed, had a human been in charge. With the aid of deep learning, efforts are going on to get insights from large volumes of data and put them to practical use.

Market segmentation
Based on technology:
Machine Learning
Natural Language Processing
Image Processing
Speech Recognition
Based on geography
North America
Rest of The World
Based onApplication
Government and Defence
Research and Development

Regional/Geographic Analysis
Asia-Pacific artificial intelligence market is to grow at a CAGR of 46% from 2016 to 2022.The two biggest economies-China and India are growing very fast.Coupled with the rise in income of middle-class and affordable internet via smartphones, they are embracing AI in medicine. In the US,GE and Nvidia have joined hands to accelerate the use of Artificial Intelligence in Medicine market.Nuance communications have also opened a medical imaging with AI called Nuance AI Marketplace for Diagnostic Imaging. A majority of GCC countries are willing to replace doctors with AI and robots. Clinical workforce shortage and Tech savvy young population are the reasons for this change.

Key Players
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage


Table of content available on demand.

Please enter your personal details below
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
Please enter your personal details below
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports