AI (artificial intelligence) in healthcare market is estimated to be over US$ 3.2 Billion in 2019. It is anticipated to grow at a CAGR of ~51 % from 2019 to 2030.
The growth of the Artificial Intelligence (AI) in Healthcare market can be attributed to several factors which have led to wide scale adoption of AI in healthcare industry. Moreover, the AI ability to improve patient outcomes coupled with growing requirement for better healthcare facilities owing to imbalance between health workforce and patients is anticipated to further contribute to the substantial growth of the global AI in Healthcare market. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers to provide better healthcare facilities. For instance, in February 2019, IBM, an information technology company, teamed up with two separate academic centers named Brigham and Womens Hospital and, Vanderbilt University Medical Center, for the use of AI in addressing major public health issues. The company declared a 10-year partnerships and an investment of US$ 50 million for the research of artificial intelligence.
Major Key Players of the AI in Healthcare Market are:
NVIDIA Corporation, Intel Corporation, GENERAL ELECTRIC COMPANY, Siemens Healthcare Private Limited, Koninklijke Philips N.V., IBM, Google, Micron Technology, Inc., Medtronic, and Microsoft among others
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