Healthcare Artificial Intelligence Market trends research and projections for 2016-2023 - PowerPoint PPT Presentation

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Title: Healthcare Artificial Intelligence Market trends research and projections for 2016-2023

Healthcare Artificial Intelligence Market size to
exceed 10bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Healthcare Artificial
Intelligence Market
  • Healthcare Artificial Intelligence Market size is
    forecast to exceed USD 10 billion by 2024
    according to a new research report by Global
    Market Insights, Inc.
  • AI has revolutionized the healthcare industry by
    designing treatment plans, medication management,
    assisting in repetitive tasks, and drug
    discovery. Rising adoption of precision medicine
    has made enabled simplicity of management and
    cost reduction. Increasing application in
    genomics research coupled with incremental
    innovation in robotic personal digital assistants
    should boost industry growth.
  • Medical imaging diagnosis will witness more
    than 40 growth with expectations to surpass USD
    2.5 billion by 2024.

  • Increasing big data volume and the
    ever-increasing need to effectively store and
    manage the healthcare data will drive healthcare
    artificial intelligence market growth. Advent of
    innovative technologies for effective diagnosis
    treatment should further accelerate business
  • Huge initial investment, complex ROI structure
    and significant maintenance repair costs should
    hamper industry growth. Rising concerns that
    healthcare AI adoption could lead to unemployment
    on a large scale can impede expansion over the
    forecast timeframe.
  • Drug discovery applications account for over 35
    of healthcare artificial intelligence market
    share, which could see the segment exceed USD 4
    billion in revenue by 2024. Machine learning and
    artificial intelligence will drive RD and can
    improve success rate at the early drug
    development stages. Companies are using machine
    learning algorithms to reduce development time
    and build a strong and sustainable drugs pipeline.

U.S. Healthcare Artificial Intelligence Market
Size, By Application, 2013-2024 (USD Million)


Browse Full Market Research Report On
Healthcare Artificial Intelligence Market _at_
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360 Analysis
  • Application Trends
  • Drug discovery held over 35 of the global
    artificial intelligence market share and is
    anticipated to witness more than 40 CAGR over
    the forecast years. The industry share is
    attributed to capability of artificial
    intelligence technology to recognize drug
    targets, and play an important role in drug
    design, discovery, identification and screening
    of molecules instantly and effectively.
  • Regional Trends
  • U.S. healthcare artificial intelligence market
    size is set to exceed USD 325 million in 2016,
    witnessing over 35 CAGR over coming years.
    Adoption of novel healthcare technologies such as
    big data analytics and favourable government
    initiatives will drive industry growth. Federal
    authorities are encouraging the use of data
    analytics through various initiatives and
    policies to reduce cost and improve quality of
    healthcare services.
  • Competitive Market Share
  • The healthcare artificial intelligence market is
    highly fragmented characterized by presence of
    large number of industry players. Industry
    witnesses a number of start-ups for the past 3-4
    years. Few innovative companies have set their
    footprint as pioneers in artificial intelligence

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