New York, The global Artificial Intelligence in Healthcare market was valued at USD 12.4 Billion in 2022 and it is anticipated to grow up to USD 45.6 Billion by 2032, at a CAGR of 13.9% during the forecast period.
Artificial intelligence (AI) in healthcare is a broad term that covers a wide range of applications and technologies. AI technologies can be used to help doctors and other healthcare professionals diagnose and treat diseases, make predictions about patient health, and improve the efficiency of care delivery. AI is also being used to develop new drugs and personalized treatments, and to create digital assistants that can help patients manage their health.
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Key Players
- Intel Corporation
- Nvidia Corporation
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- General Electric Company
- Medtronic
- Micron Technology
Key Trends and Drivers
AI is being used in healthcare in a number of ways, including:
- Automating administrative tasks: AI can be used to automate administrative tasks such as insurance claims processing and appointment scheduling. This can free up time for healthcare providers to focus on patient care.
- Improving clinical decision-making: AI can be used to support clinicians in making diagnosis and treatment decisions. AI-based decision support systems can provide clinicians with real-time guidance based on the latest evidence.
- Personalizing patient care: AI can be used to personalize patient care. For example, AI-based systems can be used to identify patients at risk of developing a certain condition and to tailor treatment plans to individual patients.
- Managing population health: AI can be used to manage population health. AI-based systems can be used to identify patterns in health data and to predict future health trends. This information can be used to develop strategies for preventing or managing health problems.
- Conducting research: AI can be used to conduct research. AI-based systems can be used to identify patterns in data and to generate hypotheses. This can speed up the research process and lead to new insights.
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Market Segments
By Component
- Software Solutions
- Hardware
- Services
By Application
- Robot-Assisted Surgery
- Virtual Assistants
- Administrative Workflow Assistants
- Connected Machines
- Diagnosis
- Clinical Trials
- Fraud Detection
- Cybersecurity
- Dosage Error Reduction
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