AI In Healthcare Market To Hit US$ ~222.2 billion by 2031| Increasing Application Of AI In Diagnosis & Robotic Surgeries Augment The Market Growth: Says Growth Plus Reports

The Global AI in Healthcare Market is expected to clock US$ ~222.2 billion by 2031 owing to rising adoption of AI technology in healthcare applications

NEW YORK, Nov. 1, 2021 /PRNewswire/ --

Growth Factor

The prominent players across the globe are implementing several initiatives to fast-track the development of AI technology for healthcare, by providing the necessary funding. For instance, in January 2020, Microsoft Corp. announced AI for Health, a new US$ 40 million, five-year program, a part of the AI for Good initiative, which will leverage artificial intelligence (AI) technology to empower researchers and organizations to address some of the world's toughest challenges in healthcare.

The global AI in healthcare market has been analyzed from five different perspectives–Offering, Technology, Application, End User, and Region.

Request to sample report@: https://growthplusreports.com/product/ai-in-healthcare-market/

Excerpts from 'By Application Segmentation'

The global AI in healthcare market has been segmented majorly into seven distinct categories depending on application, viz. robot-assisted surgery, virtual nursing assistants, administrative workflow assistance, dosage error reduction, preliminary diagnosis, automated image diagnosis, and others (cybersecurity, fraud detection, connected machines, etc). The robot-assisted surgery segment dominated the market with the largest share in 2020. Robot-assisted surgery is considered "minimally invasive", so patients won't need to heal from large incisions. Robots can analyze data from pre-op medical records with real-time operating metrics to physically guide & enhance the physician's instrument precision and reduce the patient's hospital stay by 21%. With the help of the artificial intelligence, robots can use data from past operations to inform new surgical techniques. According to a study, AI-assisted robotic procedure resulted in five times fewer complications compared to surgeons operating alone.

Excerpts from 'By Region Segmentation'

The global AI in healthcare market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America commanded the largest share of the global AI in healthcare market in 2020, followed by Asia Pacific, Europe, and Rest of the World (RoW). Factors such as advanced healthcare infrastructure, technological advancements, rising demand for digital health systems, and presence of prominent players are attributed for the large share of the region in the global market.

Browse Full Report: AI in Healthcare Market by Offering [Hardware, Software, and Services], Technology [Machine Learning, Context-Aware Computing and Natural Language Processing], Application [Robot-Assisted Surgery, Virtual Nursing Assistants, Administrative Workflow Assistance, Dosage Error Reduction, Preliminary Diagnosis, and Automated Image Diagnosis], End User [Hospitals, Pharmaceuticals & Biotechnology Companies and Patients] – Global Outlook & Forecast 2021-2031

Excerpts from 'Competitive Landscape'

• Intel Corporation
• IBM
• Microsoft
• Siemens Healthcare Private Limited
• Koninklijke Philips N.V.
• Medtronic
• General Electric
• Johnson & Johnson Services, Inc.
• Precision Health AI
• Micron Technology, Inc.

VALUE PROPOSITIONS RELATED TO THE REPORT:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pipeline Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• 'Business Profile' of Key Players

Trending Reports in Healthcare Market:

Biosimulation Market - Strong product pipeline and increasing investments for the development of biosimilars expected to elevate biosimilars market growth

Cancer Therapeutics Market - Rising demand for personalized medicine and initiatives for cancer awareness are set to boom growth of cancer therapeutics market

Cardiac Monitoring & Cardiac Rhythm Management Devices Market - Rising prevalence of CVDs and increasing usage of cardiac monitoring during Covid-19 pandemic contributed to the growth of the market

About us: Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.

Contact:
Manan Sethi
Director, Market Insights
Email: [email protected]
Phone no: +91 96545 76783
Web: https://growthplusreports.com/
Follow Us: LinkedIn | Twitter

SOURCE Growth Plus Reports