Artificial Intelligence In Healthcare Market To Exhibit Rapid Growth With A CAGR Of 41.5% By 2025 | Grand View Research, Inc.

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According to a recent report published by Grand View Research Inc., the Covid-19 pandemic induced novel ways to assess vaccine safety and tracking communities vulnerability with the help of artificial intelligence

The global artificial intelligence in healthcare market size is expected to reach at USD 31.3 billion by 2025 to expand at CAGR of 41.5%. The growing demand to mitigate healthcare costs and rise in importance of big data in healthcare is likely to impel the market growth during the forecast period. The increase in potential of AI-based tools in medical care growing investments for healthcare triggers the market development. Moreover, the rise in collaborations for technology is expected to play a significant role in AI deployment across the healthcare sector.

AI and machine learning techniques have been tried and tested to assess the efficacy of vaccines and patterns during the pandemic. For instance, in 2020, UK adopted AI technology on a wider scale to understand vaccine side effects. In addition, AI techniques have proven useful to understand chest X-rays from COVID-19 patients. The move has also been supporting clinical decisions according to healthcare experts. 

Artificial Intelligence In Healthcare Market Report Highlights

• In 2018, software solutions held the largest revenue share owing to the development of AI-based software solutions for the healthcare sector

• Clinical trials held the largest revenue share in 2018, and this can be attributed to the growing focus of pharmaceutical companies on incorporating AI in automation of clinical trial processes.

• North America held the largest revenue share, owing to high adoption of healthcare IT solutions in the region and availability of well-established healthcare infrastructure

• Asia Pacific is expected to exhibit the fastest CAGR during the forecast period, owing to growth in AI-based start-ups, improving healthcare IT infrastructure, and increasing adoption of advanced technologies.

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Artificial Intelligence In Healthcare Market Segmentation

Grand View Research has segmented the artificial intelligence in healthcare market on the basis of component, application, and region:

Artificial Intelligence in Healthcare Component Outlook (Revenue, USD Million, 2014 – 2025)

    • Software Solutions
    • Hardware
    • Services

Artificial Intelligence in Healthcare Application Outlook (Revenue, USD Million, 2014 – 2025)

    • Robot Assisted Surgery
    • Virtual Assistants
    • Administrative Workflow Assistants
    • Connected Machines
    • Diagnosis
    • Clinical Trials
    • Fraud Detection
    • Cybersecurity
    • Dosage Error Reduction

Artificial Intelligence in Healthcare Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • Singapore
        • Australia
        • South Korea
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • South Africa
        • UAE

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/5619/ibb

Browse More Related Report:

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Artificial Intelligence In Diagnostics Market Size, Share And Trends Analysis Report By Component (Software, Hardware, Services), By Diagnosis Type, By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.

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Source: Artificial Intelligence In Healthcare Market To Exhibit Rapid Growth With A CAGR Of 41.5% By 2025 | Grand View Research, Inc.