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Artificial intelligence

Artificial Intelligence in Healthcare Market to Reach $110.61 Billion by 2030

Strategic Insights

— 2 min read

The growing incidence of chronic diseases, linked with an increasing geriatric population, puts substantial financial pressure on healthcare providers, driving the need for early detection and personalized treatment plans. Artificial Intelligence (AI) in the healthcare market is forecasted to grow at a robust CAGR of 38.6%, reaching $21.66 billion in 2025 and an impressive $110.61 billion by 2030. The integration of deep learning into healthcare is significantly boosting the AI in healthcare market, leading to substantial investments in diagnostic tools and predictive analytics.

Key Takeaways:

  • The global AI in healthcare market was valued at $14.92 billion in 2024 and is expected to reach $110.61 billion by 2030, growing at a CAGR of 38.6%.
  • The market is driven by the increasing need for early detection of conditions such as dementia and cardiovascular disorders, which can be achieved by analyzing imaging data to recognize patterns and creating personalized treatment plans.
  • The deep learning segment accounted for the largest share of the AI in healthcare market in 2024, with 37.4% market share, and is expected to continue its dominance throughout the forecast period.
  • The healthcare providers segment accounted for the largest share of the AI in healthcare market in 2024, with 44.5% market share, and is expected to continue its dominance throughout the forecast period.
  • The Asia Pacific region is projected to see a substantial growth rate during the forecast period, driven by a combination of demographic shifts, technological advancements, and increased investments in innovation.
  • The prominent players operating in the Artificial Intelligence (AI) in healthcare market include Koninklijke Philips N.V., Microsoft Corporation, Siemens Healthineers AG, NVIDIA Corporation, Epic Systems Corporation, GE Healthcare, Medtronic, Oracle, Veradigm LLC, Merative, Google, Cognizant, Johnson & Johnson, Amazon Web Services, Inc., among others.

Statistics:

  • The global AI in healthcare market is expected to reach $110.61 billion by 2030, growing at a CAGR of 38.6%.
  • The deep learning segment accounted for the largest share of the AI in healthcare market in 2024, with 37.4% market share.
  • The healthcare providers segment accounted for the largest share of the AI in healthcare market in 2024, with 44.5% market share.
  • The Asia Pacific region is expected to see a growth rate of 43.1% during the forecast period.
  • The AI in healthcare market is expected to see a significant increase in investments in diagnostic tools and predictive analytics, reaching $25.63 billion by 2030.

Sources:

  • MarketsandMarkets
  • M2 Communications
  • www.abnewswire.com
  • www.marketsandmarkets.com

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