NEW YORK, Oct. 14, 2022 /PRNewswire/ -- The "
Artificial Intelligence (AI) Market in Healthcare Sector by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
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Technavio has announced its latest market research report titled Global Artificial Intelligence (AI) Market in Healthcare Sector 2022-2026
The potential growth difference for the artificial intelligence (AI) market in healthcare sector between 2021 and 2026 is USD 13 billion. The report identifies North America as the major market for AI in healthcare. The region has some of the most technologically advanced and developing economies in the world, such as the US and Canada. These countries are making significant investments in the development of healthcare infrastructure. In addition, the early adoption of technology and increasing investments by market players such as Microsoft, Google, and IBM are positively influencing the growth of the AI market in healthcare sector in North America.
The report provides detailed insights into the current and future growth opportunities, market behavior across regions, key growth drivers, the latest trends, and much more.
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Key Market Dynamics:
Market Driver
Market Challenges
The push for digitization in healthcare is identified as one of the major growth drivers in the market. The growing adoption of IT-based processes and the increased penetration of smartphones and connected devices have simplified the delivery of healthcare services. The digitization of healthcare is creating new streams of revenue generation for stakeholders and is encouraging healthcare companies to offer connected healthcare services to patients through digital platforms such as wearable devices and sensors. This is driving the demand for the adoption of advanced technologies, including AI, augmented reality, and advanced analytics. The transformation of healthcare records from paper-based systems to EHRs is a major development in the digital revolution in healthcare. AI and advanced analytics enable healthcare providers to offer personalized medicines and diagnostics by extracting patient-specific information instead of analyzing large datasets. Also, the adoption of wearable and IoT devices enable doctors and patients to monitor health and fitness in real time. All these factors are fostering the growth of the market in focus.
However, the growth is expected to be hindered due to physician and provider skepticism. Despite the advantages of AI software, such as providing better diagnostics tasks and allowing physicians to spend more time with critical health issues and high-risk patients, they are uncomfortable using AI. One of the key reasons for the lack of affinity can be attributed to the fact that AI-based healthcare solutions are still in the developmental stage and have not affected mainstream physician practice at large. There are also privacy concerns, biased outcomes, and acceptability concerns in monitoring various day-to-day lives, which can limit the adoption of AI. Therefore, skepticism from the physician and doctor communities against AI technology in the healthcare sector can be a challenge to the growth of the market during the forecast period.
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The artificial intelligence (AI) market in healthcare sector report is segmented by application (medical imaging and diagnostics, drug discovery, virtual assistants, operations management, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
By application, the market growth in the medical imaging and diagnostics segment will be significant over the forecast period. The increasing use of medical imaging data and technological advances such as AI in the healthcare sector are driving the growth of the segment.
North America will be leading the market growth during the forecast period. The rising adoption of ML to develop new diagnostic and therapeutic treatments in the medical sector and the increasing number of start-ups and support from governments are fostering the growth of the regional market.
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for additional insights into the contribution of all the segments and regional opportunities in the report.
Key Vendors in the Artificial Intelligence Market in Healthcare Sector
Ada Health GmbH
Alphabet Inc.
Amazon.com Inc.
Atomwise Inc.
BenchSci Analytics Inc.
CarePredict Inc.
Catalia Health Inc.
Cyclica
Deep Genomics
Entelai
Exscientia PLC
General Electric Co.
International Business Machines Corp.
Intel Corp.
Koninklijke Philips NV
MaxQ AI Ltd.
Medtronic Plc
Microsoft Corp.
NVIDIA Corp.
Siemens Healthcare GmbH
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Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Medical imaging and diagnostics - Market size and forecast 2021-2026
Exhibit 28: Chart on Medical imaging and diagnostics - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Medical imaging and diagnostics - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Medical imaging and diagnostics - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Medical imaging and diagnostics - Year-over-year growth 2021-2026 (%)
5.4 Drug discovery - Market size and forecast 2021-2026
Exhibit 32: Chart on Drug discovery - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Drug discovery - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Drug discovery - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Drug discovery - Year-over-year growth 2021-2026 (%)
5.5 Virtual assistants - Market size and forecast 2021-2026
Exhibit 36: Chart on Virtual assistants - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Virtual assistants - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Virtual assistants - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Virtual assistants - Year-over-year growth 2021-2026 (%)
5.6 Operations management - Market size and forecast 2021-2026
Exhibit 40: Chart on Operations management - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Operations management - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Operations management - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Operations management - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Application
Exhibit 48: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 UK - Market size and forecast 2021-2026
Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.11 Germany - Market size and forecast 2021-2026
Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.12 Japan - Market size and forecast 2021-2026
Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 95: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 97: Overview on factors of disruption
9.4 Industry risks
Exhibit 98: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 99: Vendors covered
10.2 Market positioning of vendors
Exhibit 100: Matrix on vendor position and classification
10.3 Alphabet Inc.
Exhibit 101: Alphabet Inc. - Overview
Exhibit 102: Alphabet Inc. - Business segments
Exhibit 103: Alphabet Inc. - Key news
Exhibit 104: Alphabet Inc. - Key offerings
Exhibit 105: Alphabet Inc. - Segment focus
10.4 Amazon.com Inc.
Exhibit 106: Amazon.com Inc. - Overview
Exhibit 107: Amazon.com Inc. - Business segments
Exhibit 108: Amazon.com Inc. - Key news
Exhibit 109: Amazon.com Inc. - Key offerings
Exhibit 110: Amazon.com Inc. - Segment focus
10.5 General Electric Co.
Exhibit 111: General Electric Co. - Overview
Exhibit 112: General Electric Co. - Business segments
Exhibit 113: General Electric Co. - Key news
Exhibit 114: General Electric Co. - Key offerings
Exhibit 115: General Electric Co. - Segment focus
10.6 International Business Machines Corp.
Exhibit 116: International Business Machines Corp. - Overview
Exhibit 117: International Business Machines Corp. - Business segments
Exhibit 118: International Business Machines Corp. - Key offerings
Exhibit 119: International Business Machines Corp. - Segment focus
10.7 Intel Corp.
Exhibit 120: Intel Corp. - Overview
Exhibit 121: Intel Corp. - Business segments
Exhibit 122: Intel Corp. - Key news
Exhibit 123: Intel Corp. - Key offerings
Exhibit 124: Intel Corp. - Segment focus
10.8 Koninklijke Philips NV
Exhibit 125: Koninklijke Philips NV - Overview
Exhibit 126: Koninklijke Philips NV - Business segments
Exhibit 127: Koninklijke Philips NV - Key news
Exhibit 128: Koninklijke Philips NV - Key offerings
Exhibit 129: Koninklijke Philips NV - Segment focus
10.9 Medtronic Plc
Exhibit 130: Medtronic Plc - Overview
Exhibit 131: Medtronic Plc - Business segments
Exhibit 132: Medtronic Plc - Key news
Exhibit 133: Medtronic Plc - Key offerings
Exhibit 134: Medtronic Plc - Segment focus
10.10 Microsoft Corp.
Exhibit 135: Microsoft Corp. - Overview
Exhibit 136: Microsoft Corp. - Business segments
Exhibit 137: Microsoft Corp. - Key news
Exhibit 138: Microsoft Corp. - Key offerings
Exhibit 139: Microsoft Corp. - Segment focus
10.11 NVIDIA Corp.
Exhibit 140: NVIDIA Corp. - Overview
Exhibit 141: NVIDIA Corp. - Business segments
Exhibit 142: NVIDIA Corp. - Key news
Exhibit 143: NVIDIA Corp. - Key offerings
Exhibit 144: NVIDIA Corp. - Segment focus
10.12 Siemens Healthcare GmbH
Exhibit 145: Siemens Healthcare GmbH - Overview
Exhibit 146: Siemens Healthcare GmbH - Business segments
Exhibit 147: Siemens Healthcare GmbH - Key news
Exhibit 148: Siemens Healthcare GmbH - Key offerings
Exhibit 149: Siemens Healthcare GmbH - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 150: Inclusions checklist
Exhibit 151: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 152: Currency conversion rates for US$
11.4 Research methodology
Exhibit 153: Research methodology
Exhibit 154: Validation techniques employed for market sizing
Exhibit 155: Information sources
11.5 List of abbreviations
Exhibit 156: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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