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Artificial Intelligence in Healthcare Market to Grow at a CAGR of 48% by 2023: Driven by the Rise in Adoption Rate of AI Systems

 

DUBLIN - August 10, 2017 (Investorideas.com Newswire) The "Artificial Intelligence in Healthcare Market by Offering - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering.

The global AI market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.0% from 2017 to 2023.

The market growth is driven by rise in adoption rate of AI systems and delete technological advancements in the AI field. In addition, the ability of these systems to improve patient outcomes, increase in adoption of precision medicine, and increase in need for coordination between healthcare workforce & patients are expected to fuel the market growth. However, lack of standard regulations and guidelines and reluctance among healthcare professionals to adopt AI-based technologies are expected to hinder the market growth.

The deep learning segment accounted for the highest share in 2016 and is expected to dominate the market from 2017 to 2023, owing to increase in use of signal reduction, data mining, and image recognition. The natural language processing segment witnessed the highest growth rate in 2016.

Presently, the healthcare provider segment dominates and is expected to grow at a CAGR of 46.9% during the forecast period. Increase in usage & application of AI systems is expected to improve patient outcomes and maintain electronic health records (EHR) & patient records to boost the market growth.

Key Players:

  • Welltok, Inc.
  • Intel Corporation
  • Nvidia Corporation
  • Google Inc.
  • IBM Corporation
  • Microsoft Corporation
  • General Vision, Inc.
  • Enlitic, Inc.
  • Next IT Corporation
  • iCarbonX

Key Topics Covered:

Chapter 1 - Introduction

Chapter 2 - Executive Summary

Chapter 3 - Market Overview

Chapter 4 - Artificial Intelligence in Healthcare Market, By Offering

Chapter 5 - Artificial Intelligence in Healthcare Market, By Technology

Chapter 6 - Artificial Intelligence in Healthcare Market, By Application

Chapter 7 - Artificial Intelligence in Healthcare Market, By End User

Chapter 8 - Artificial Intelligence in Healthcare Market, By Geography

Chapter 9 - Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/5zs3kc/artificial

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Healthcare Services, Artificial Intelligence


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