Global AI in Healthcare Market to Reach USD 64.11 Bn by 2027 with a CAGR of 48%

Strategic Insights -

The Global AI in Healthcare Market is projected to grow significantly, driven by the increasing volume of healthcare data, growing complexities of datasets, and intensifying need to reduce towering healthcare costs. The market size is expected to grow from USD 6.1 Bn in 2021 to USD 64.11 Bn by 2027, representing a CAGR of 48%. The report highlights the impact of COVID-19 on the market, with multiple pharmaceutical and biotechnology companies adopting AI technology to expedite vaccine or drug development processes.

Key Takeaways:

  • The market is segmented by sections, diagnosis, end user, and geography, with the software segment expected to hold the largest share in the AI in healthcare market.
  • The participation of several start-ups in the development of AI-driven imaging and diagnostic solutions is a key factor contributing to the growth of the sector.
  • By diagnosis, the market is segmented into radiology, oncology, neurology, cardiology, chest & lungs, pathology, and other diagnosis types.
  • By end user, the market is segmented into hospitals & healthcare providers, patients, pharmaceuticals & biotechnology companies, healthcare payers, and others (ACOS and MCOS).
  • By geography, North America is a key artificial intelligence in healthcare market, followed by Europe and Asia-Pacific.
  • The report highlights the competitive analysis using the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score.

Statistics:

  • Market size: USD 6.1 Bn in 2021, expected to reach USD 64.11 Bn by 2027.
  • CAGR: 48%.
  • Segment by sections: software expected to hold the largest share in the AI in healthcare market.
  • Segment by diagnosis: radiology, oncology, neurology, and cardiology are key segments in the market.
  • Segment by end user: hospitals & healthcare providers, patients, and pharmaceuticals & biotechnology companies are key end users in the market.

Sources:

  • GlobeNewswire via COMTEX
  • ResearchAndMarkets.com
  • Report: "Global AI in Healthcare Market (2021-2027) by Sections, Diagnosis, End user and Geography. IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis"

Note: The report is based on research by ResearchAndMarkets.com and provides a comprehensive evaluation of the Global Artificial Intelligence In Diagnostics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size.