Artificial Intelligence (AI) in Healthcare Market Size, Share, Growth Report 2032

Artificial Intelligence (AI) in Healthcare Market: Size

The global Artificial Intelligence (AI) in Healthcare market size was worth around USD 20.87 billion in 2023 and is predicted to grow to around USD 354.87 billion by 2032 with a compound annual growth rate (CAGR) of roughly 37% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Artificial Intelligence (AI) in Healthcare market on a global and regional level.

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Artificial Intelligence (AI) in Healthcare Market: Overview

The machine-based intelligence that is used for automated applications to avoid repetitive data analysis and assimilation is termed as artificial intelligence (AI). The worldwide adoption of artificial intelligence (AI) technology is trending in various industries and healthcare is no exception to this. The implementation of artificial intelligence (AI) in healthcare sector uses different software and algorithms for approximation of human cognition in a complex medical data analysis.

The growing need for healthcare workforce co-ordination with patients is one of the prominent factors driving the global artificial intelligence (AI) in healthcare market. Analyzing and compiling of patient’s medical data, such as personal information, latest medical symptoms, and medical history is the first step in a patient’s treatment. Data management through artificial intelligence (AI) technology is predicted to be in high demand globally in the future.

The integration of AI in healthcare helps to generate medical data that is gathered, stored, re-formatted, and effectively traced for faster assistance and uninterrupted access. Furthermore, hospitals globally are adopting AI solutions to avoid repetitive tasks, such as X-Rays, CT scans, analyzing tests, and data entry. The AI technology helps doctors to analyze time-consuming data analysis, which is increasing the AI applications in the healthcare sector. This, in turn, is estimated to fuel the artificial intelligence (AI) in healthcare market in the upcoming years. However, the integration of AI technology in the healthcare domain comes with a huge threat to a doctor's job. Medical practitioners’ reluctance behavior toward AI technology is hampering this market.

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Artificial Intelligence (AI) in Healthcare Market: Segmentation

The global artificial intelligence (AI) in healthcare market is segmented on the basis of offering, technology, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The offering segment is classified into hardware, software, and services.

The technology segment includes machine learning, context-aware computing, natural language processing, computer vision, speech recognition, and querying method.

The applications of the global artificial intelligence (AI) in healthcare market are health monitoring, digital consultation, virtual nurses, precision medicine, drug creation, healthcare system analysis, medication management, and others.

The end-users of the artificial intelligence (AI) in healthcare market are clinics, diagnostic centers, pharmaceutical organizations, hospitals, and others.

Artificial Intelligence (AI) in Healthcare Market: Report Scope

Artificial Intelligence (AI) in Healthcare Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. By region, North America is likely to dominate the global artificial intelligence (AI) in healthcare market, owing to the eminent presence of the leading market players across the region.

Artificial Intelligence (AI) in Healthcare Market: Competitive Players

Some leading players of the global artificial intelligence (AI) in healthcare market are:

• Google
• GE Healthcare
• Intel
• Medtronic
• Siemens Healthineers
• General Vision
• AWS
• Nvidia Corporation
• IBM Corporation
• AiCure
• iCarbonX
• Cyrcadia Health Inc.
• Atomwise Inc.
• Pathway Genomics Corporation
• Zebra Medical Vision Ltd.
• Sophia Genetics APIXIO Inc.
• General Vision Inc.
• Microsoft

This report segments artificial intelligence (AI) in healthcare market as follows:

Artificial Intelligence (AI) in Healthcare Market: Offering Analysis

• Hardware
• Software
• Services

Artificial Intelligence (AI) in Healthcare Market: Technology Analysis

• Machine Learning
• Context-Aware Computing
• Natural Language Processing
• Computer Vision
• Speech Recognition
• Querying Method

Artificial Intelligence (AI) in Healthcare Market: Application Analysis

• Health Monitoring
• Digital Consultation
• Virtual Nurses
• Precision Medicine
• Drug Creation
• Healthcare System Analysis
• Medication Management
• Others

Artificial Intelligence (AI) in Healthcare Market: End-User Analysis

• Clinics
• Diagnostic Centers
• Pharmaceutical Organizations
• Hospitals
• Others 

Artificial Intelligence (AI) in Healthcare Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa