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Artificial Intelligence in Healthcare Market by Offering (Software, Services), by Application (Medical imaging & diagnosis, Drug discovery, Therapy planning, Hospital workflow, Wearables, Virtual assistants, Other applications), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Sweden, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Singapore, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East and Africa (South Africa, Saudia Arabia, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Artificial Intelligence in Healthcare Market was valued at USD 14.4 Billion in 2024 and is projected to reach USD 145.83 Billion by 2033, with an expected CAGR of 39.2% during the forecast period. The Healthcare Market for Artificial Intelligence (AI) centers on utilizing AI technologies to enhance healthcare services, patient results, and operational effectiveness. AI in healthcare encompasses machine learning, natural language processing, predictive analytics, and computer vision, applied across various uses including diagnostic assistance, customized treatment plans, medical imaging, drug development, and virtual health aides. Tools powered by AI can assess extensive amounts of patient data, detect patterns, and suggest treatment options, frequently resulting in quicker diagnoses and improved accuracy in predictions. The market is propelled by growing demand for automation, escalating healthcare expenses, and the necessity for more accurate, data-informed medical choices. Moreover, the combination of AI with electronic health records (EHRs), telehealth platforms, and wearable technology is improving patient monitoring and management of care. As healthcare professionals seek methods to enhance patient care while lowering expenses, AI is emerging as an essential resource. With ongoing developments in AI algorithms and rising regulatory acceptance, the AI in Healthcare Market is set for substantial expansion, revolutionizing the delivery of healthcare across the globe.
The market is characterized by a moderate level of concentration, with key players including Aidoc, AiCure, and Enlitic Inc. These companies focus on innovation, driven by regulatory approvals and product development. End-user concentration is high, as hospitals, clinics, and healthcare organizations adopt AI solutions. The market also exhibits a high level of M&A activity.
Key market insights include:
Key Region: North America held the largest market share in 2022, driven by the high adoption of AI technologies in healthcare.
Dominating Segment: The medical imaging & diagnosis segment is expected to dominate the market over the forecast period due to the significant use of AI algorithms in analyzing medical images for accurate disease diagnosis.
The report provides a comprehensive analysis of the market, including:
Market Size and Growth: The market size is estimated at USD 14.4 billion in 2023 and is projected to reach USD 103.8 billion by 2030.
Market Share: Aidoc, AiCure, and Enlitic Inc. hold significant market shares.
Growth Drivers: The market growth is driven by the increasing adoption of AI solutions in healthcare settings, advancements in technology, and government initiatives.
October 2023: ZS launched the AI-powered ZAIDYN Connected Health solution, improving engagement between healthcare providers, patients, and payers.
August 2023: Softheon developed the Artificial Intelligence Management for Enterprise (AIME) platform to enhance employee knowledge and support data analysis.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 39.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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