Healthcare Artificial Intelligence Market to grow at 40% CAGR from 2017 to 2024

1
Healthcare Artificial Intelligence Market share
to hit 10bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Healthcare Artificial
Intelligence Market

• Healthcare Artificial Intelligence Market size is
  forecast to exceed USD 10 billion by 2024.
• 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.
• It has gained acceptance owing to its capability
  to detect cancer at early stage, track tumor
  development and improve the patients life
  expectancy. Increasing application of artificial
  intelligence in diagnostics and imaging industry
  will further growth.

3
Continued...

• Increasing big data volume and the
  ever-increasing need to effectively store and
  manage the healthcare data will drive healthcare
  artificial intelligence market growth.
• 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
  was valued over USD 320 million in 2016 and is
  estimated to witness more than 38 CAGR over the
  coming years.

4
Continued...

• Favorable government initiatives for promoting
  big data analytics adoption along with other
  innovative healthcare technologies will propel
  business growth.
• Europe healthcare artificial intelligence market
  size was valued over USD 270 million in 2016,
  with expectations to witness more than 39 growth
  over the forecast years.
• Japan held over 35 of regional industry share
  with expectations to witness more than 40
  growth. Presence of large number of technology
  based companies and universities developing
  healthcare artificial intelligence solutions
  should fuel industry growth.
• Brazil holds more than 48 of regional revenue,
  witnessing over 40 CAGR from 2017 to 2024.
  Growing awareness and favorable government
  initiatives should accelerate the penetration
  rate of healthcare artificial intelligence
  technology.
• Some of the companies operating in healthcare
  artificial intelligence market space include
  AiCure, Cyrcadia Health, Google, IBM, and
  Microsoft.

5
U.S. Healthcare Artificial Intelligence Market
Size, By Application, 2013-2024 (USD Million)

6

Browse Full Market Research Report On
Healthcare Artificial Intelligence Market _at_
http//bit.ly/2pZFCkw Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/1557 https//www.gminsig
hts.com/request-sample/detail/49
7
Stay In Touch Website www.gminsights.com Soci
al Media