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New York, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Healthcare Artificial Intelligence (AI) Market - Global Outlook & Forecast 2021-2026" - https://www.reportlinker.com/p06188649/?utm_source=GNW 5 billion by 2026, growing at a CAGR of 46.21%.

Several pharmaceutical companies are implementing innovative technologies to boost their growth in the global healthcare industry. Collaboration of GSK with Exscientia identified a small compound for targeted therapeutics and its characteristics towards the specific target using the AI platform. AI is becoming an incredible platform in the pharmaceutical industry. For instance, Novartis announced Microsoft as a strategic partner in AI and data science to set up an AI innovation lab. Since the last year, over 50+ companies have got machine learning and AI algorithms approvals. During the COVID-19 pandemic, AI played a significant role in the healthcare industry. An analytics study by Accenture combined with clinical applications demonstrated the potential of AI to reduce approximately USD 150 billion per annum by 2026 in the US healthcare system.

The following factors are likely to contribute to the growth of the healthcare artificial intelligence market during the forecast period:

Increase in patient volume & complexities associated with data fueling demand for AI. The shrinking operational workforce in healthcare facilities propelling the need for AI. Technological advancement & innovations in AI influencing end-users in the market. Rising Investment in advanced drug discovery & development process augmenting the adoption of AI.

KEY HIGHLIGHTS

The healthcare providers segment accounted for the largest market share with around 48% compared to others in 2020. According to the research, Arizton estimated that APAC would witness the highest growth in the healthcare artificial intelligence (AI) market during the forecast period.

The study considers a detailed scenario of the present healthcare artificial intelligence market and its market dynamics for the period 2021?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

HEALTHCARE ARTIFICIAL INTELLIGENCE (AI) MARKET SEGMENTATIONThis research report includes a detailed segmentation by Category Application Technology End-user Geography

HEALTHCARE ARTIFICIAL INTELLIGENCE (AI) MARKET SEGMENTS

The software industry provides numerous services to the healthcare industry. With the advent of medical software, human errors are minimized in the global medical market. Using advanced software in healthcare enables the clinical experts to expertise their practices. Software providers are gaining huge opportunities in the healthcare artificial intelligence (AI) market. Software development companies are constantly striving to improve the industry and bring innovations.

Market Segmentation by Application Hospital Workflow Management Medical Imaging and Diagnosis Drug Discovery and Precision Medicine Patient Management

Market Segmentation by Technology Machine Learning Querying Method Natural Language Processing Others

Market Segmentation by End-users Healthcare Providers Pharma-biotech and medical devices companies Payers Others

GEOGRAPHICAL ANALYSISUS is the major revenue generator of the healthcare artificial intelligence (AI) market across the North American region. In North America, the potential increase in AI GDP is compounded by tremendous opportunities to adopt more productive technologies.

Market Segmentation by Geography

North Americao USo Canada Europeo Germanyo UKo Franceo Italyo Spaino Nordic Countries APACo Chinao Indiao Japan, Australiao South Koreao Rest of APAC Latin Americao Brazilo Mexicoo Argentina Middle East & Africao Turkeyo Saudi Arabiao South Africao UAE

VENDOR ANALYSISGiant players are focusing on pursuing organic growth strategies to enhance their product portfolio in the healthcare artificial intelligence (AI) market. Several initiatives by the players will complement growth strategies, which are gaining traction among end-users in the market. Rising growth of startups collaborating with key vendors in promoting their artificial intelligence in healthcare applications creating heavy competition in the market.

Prominent Vendors

Google IBM (International Business Machines) Intel Corporation Medtronic Microsoft Corporation Nvidia Corporation Siemens Healthineers

Other Prominent Vendors

Arterys Caption Health Enlitic Catalia Health General Vision Philips Stryker Shimadzu Recursion Pharmaceuticals GE Healthcare Remedy Medical Subtle Medical Netbase Quid Biosymetrics Sensely InformAI Bioclinica Owkin Binah.AI Oncora Medical Qure.AI Technologies Lunit Caresyntax Anju software Imagia Cybernetics Deep Genomics Welltok Inc. MDLive MaxQ AI Qventus Workfusion

KEY QUESTIONS ANSWERED:

1. How big is the healthcare artificial intelligence (AI) market?2. Which region has the highest share in the healthcare artificial intelligence market?3. Who are the key players in the healthcare AI market?4. What are the latest market trends in the healthcare artificial intelligence market?5. What is the use of AI in the healthcare market?Read the full report: https://www.reportlinker.com/p06188649/?utm_source=GNW

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The rest is here:
The healthcare artificial intelligence market is expected to reach USD 44.5 billion by 2026 - GlobeNewswire