In-depth information regarding the "Artificial Intelligence (AI) in Healthcare Market: Opportunity Analysis and Future Assessment 2023-2031" has recently been made available by Reports and Insights in a report. The readership of this study is informed about the market's current dynamics, possibilities, and problems, as well as its potential in the years to come. A summary of the market's size and a complete understanding of the information are provided, with an eye on the development of the relevant market. Along with factual information, some engaging graphical representations, and a comprehensive conceptual framework, it also adds value for the readers. The study also attempts to fulfill the fundamental requirements for quantitative and qualitative summaries that reflect the conceptual framework and practical approach of the market.

The Global AI in Healthcare Market in 2020 is estimated for more than US$ 5.0 Bn and expected to reach a value of US$ 107.5 Bn by 2028 with a significant CAGR of 47.3%

Reports and Insights (R&I) has published a new report titled, “Artificial Intelligence (AI) in Healthcare Market: Opportunity Analysis and Future Assessment 2023 to 2031”

Global Artificial Intelligence (AI) in Healthcare Market, by Service Type (AI in Diagnosis, AI in Decision making, AI in Treatment, AI in Research, AI in Training & Education), By End Users (Hospitals, Diagnostic Centers, Clinical & Research Laboratories, Pharmaceutical & Biotechnology Companies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.

As per the report, mounting demand for robotics and automation in the healthcare industry is attributed to the growth of artificial intelligence in the healthcare market. AI is getting increasingly sophisticated at doing what humans do, but more efficiently, more quickly, and at a lower cost. There exists a vast potential for AI in healthcare. In healthcare, AI can be employed at various nodes of the healthcare value chain such as early detection and diagnosis, decision making, treatment, end of life care, research, training, and education, etc. Artificial intelligence improves the ability of healthcare professionals to better understand the day-to-day pattern and patient needs.

Even pharmaceutical companies are experimenting with AI to design new drugs. For instance, Merck is developing a new drug with the application of AI in partnership with  Atomwise. GlaxoSmithKline partnered with Insilico Medicine for in silico drug design and development using AI. Since 2013, healthcare AI startups have raised approximately US$ 4.3 billion across 576 deals. Healthcare tops all other industries in terms of AI deals. However, AI in healthcare faces technical and feasibility challenges.

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This Artificial Intelligence (AI) in Healthcare Market Research/Analysis Report Contains Answers to your following Questions

Which Manufacturing Technology is used for Artificial Intelligence (AI) in Healthcare? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Artificial Intelligence (AI) in Healthcare Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Artificial Intelligence (AI) in Healthcare Market? What Was Capacity, Production Value, Cost and PROFIT of Artificial Intelligence (AI) in Healthcare Market?
What Is Current Market Status of Artificial Intelligence (AI) in Healthcare Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Artificial Intelligence (AI) in Healthcare Market by Taking Applications and Types in Consideration?
What Are Projections of Global Artificial Intelligence (AI) in Healthcare Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Artificial Intelligence (AI) in Healthcare Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Artificial Intelligence (AI) in Healthcare Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Artificial Intelligence (AI) in Healthcare Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Artificial Intelligence (AI) in Healthcare Industry?

Furthermore, Reports and Insights (R&I) Study identifies that the transformative power of AI in healthcare is truly life-changing. From hospital care to clinical research, drug development, and insurance, AI applications are revolutionizing how the health sector works to reduce spending and improve patient outcomes. According to Forbes, the total public and private sector investment in healthcare AI are expected to reach US$ 6.6 billion by 2021.

AI in diagnostics such as image recognition has revolutionized the diagnostics industry. For instance, Google DeepMind’s artificial neural network is working closely with researchers and clinicians. Recently, DeepMind’s neural networks matched the accuracy of medical experts in diagnosing 50 sight-threatening eye diseases. AI in treatment can help clinicians to take a more comprehensive approach for treatment planning, disease management, coordinated care plans, etc. Robots have been used in medicine for more than 30 years, ranging from simple laboratory robots to complex surgical robots.

Robotic surgery is already taking medicine to the next level. Robots also have the potential to help end of life care, helping people to remain independent for longer, and reducing the need for hospitalization. Drug discovery and development is one of the more recent applications for AI in healthcare. AI in drug discovery has significantly reduced the time to market for new drugs. With the power of AI embedded in smartphones, training and education can be done anywhere.

Reports and Insights Study identifies some of the key participating players in Artificial Intelligence (AI) in the Healthcare market globally are Google Inc., Apple Inc., Cognizant Technology Solutions, Siemens, Infosys, Dell, Atomwise, Insilico Medicine, Samsung, GNS Healthcare, etc.

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Regional Analysis Covered in this report:

The geographical analysis of the Global Artificial Intelligence (AI) in healthcare market provided in the report is just the right tool that competitors can use to discover untapped sales and business expansion opportunities in different regions and countries. Each regional and country-wise Artificial Intelligence (AI) in healthcare market considered for research and analysis has been thoroughly studied based on market share, future growth potential, CAGR, market size, and other important parameters. Every regional market has a different trend or not all regional markets are impacted by the same trend. Taking this into consideration, the analysts authoring the report have provided an exhaustive analysis of specific trends of each regional Artificial Intelligence (AI) in healthcare market.

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