SHERIDAN, WYOMING, USA, June 27, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Artificial Intelligence in Healthcare Market: Industry Trends, Share, Size, Growth, opportunities and forecasts 2022-2027”, the global market for artificial intelligence in healthcare reached a value of US$3.4 billion in 2021. Looking ahead, IMARC Group expects that the market reaches US$18.7 billion by 2027, growing at a CAGR of 31.23% during the period 2022-2027.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Artificial intelligence (AI) in healthcare is used to assess symptoms and patterns of illnesses to offer better support, advice, feedback, etc., to healthcare providers. It uses various software with complex algorithms that mimic human senses in analyzing, interpreting and understanding medical data. In addition to this, AI-equipped systems can provide digital consultations, cost-effective drug creation, management facilities, etc., and track health status through smart wearable devices.
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The increasing use of robots for surgical and rehabilitation procedures is primarily driving artificial intelligence in the healthcare market. Additionally, the widespread adoption of many advanced technologies, such as AI in medical devices and systems for convenient and secure data management, generation of patient-specific information, provision of clinical diagnostics, etc. , further catalyzes the growth of the market. Additionally, the emerging trend of digitalization in the healthcare sector is acting as another important growth driver. Additionally, the expanding geriatric population and increasing integration of artificial intelligence in smart devices for assisted living, fall detection, virtual companions, etc., are also positively influencing the global market. Apart from this, the launch of several favorable policies by government bodies across the countries to improve AI infrastructure and increased investment in R&D activities are expected to fuel artificial intelligence in the healthcare market during the forecast period.
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List of key companies covered in this market report:
Amazon Web Services Inc.
DeepMind, Enlitic Inc.
General Vision Inc.
International Business Machinery
iCarbonX, Intel Corporation,
Micron Technology Inc.
Next It Corporation
Nuance Communications Inc.
The report has segmented the market based on supply, technology, application, end user, and geography.
Break by offer:
Breakdown by technology:
natural language processing
Breakdown by application:
Virtual Nurse Assistant
Administrative Workflow Assistance
Reduction of dosing errors
Clinical trial participant identifier
Breakdown by end user:
health care providers
Pharmaceutical and biotechnology companies
Geographical distribution :
North America (USA and Canada)
Europe (Germany, UK, France, Italy, Spain, Russia and others)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
Latin America (Brazil, Mexico)
Middle East and Africa
Main highlights of the report:
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