Market Overview:
The U.S. healthcare generative AI market size is expected to reach USD 8,131.58 million by 2032, exhibiting a CAGR of 35.7% during the forecast period.
Market Overview
Generative AI is a novel technology that is making significant strides in the healthcare sector. With its advanced capabilities, the technology is playing a pivotal role in improving diagnostics, treatment plans, and drug discovery processes. The incorporation of artificial intelligence has led to the development of more efficient and personalized healthcare solutions. Besides, generative AI optimizes resource allocation and allows for improved patient outcomes. Furthermore, the technology can help discover new insights from huge datasets, thereby driving medical innovations and breakthroughs. In the healthcare domain, generative AI can help with medical imaging analysis or act as a virtual nursing assistant. Other functions of healthcare generative AI include medical imaging analysis and robot-assisted AI surgery.
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Market Key Players
The competitive landscape of the U.S. healthcare generative AI market is characterized by a dynamic interplay owing to the presence of numerous market players.
- Amazon Web Services, Inc
- Google LLC
- HCA Healthcare
- IBM Watson
- Microsoft Corporation
- Neuralink Corporation
- NioyaTech
- OpenAI
- Oracle
Segmental Overview:
U.S. Healthcare Generative AI Market, Component Outlook (Revenue – USD Million, 2019-2032)
- Software
- Services
U.S. Healthcare Generative AI Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Clinical
- Cardiovascular
- Dermatology
- Infectious Disease
- Oncology
- System
- Disease Diagnosis
- Telemedicine
- Electronic Health Records
- Drug Interaction
U.S. Healthcare Generative AI Market, Function Outlook (Revenue – USD Million, 2019-2032)
- Virtual Nursing Assistants
- Robot-Assisted AI Surgery
- Administrative Process Optimization
- Medical Imaging Analysis
U.S. Healthcare Generative AI Market, End-Use Outlook (Revenue – USD Million, 2019-2032)
- Clinical Research
- Medical Centers
- Diagnostic Centers
- Others
The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include type, application, end use and region. The splitting of the market into various groups enables businesses to understand market preferences and trends better. Also, stakeholders can develop products/services that align with the diverse needs of consumers in the industry. Besides, the research study includes a thorough examination of all the major sub-segments in the market.
Recent Developments:
- Nuance and Epic Systems Launch DAX Copilot (January 2024)
Nuance Communications partnered with Epic Systems Corporation to introduce DAX Copilot (DAX), an AI-powered tool designed to integrate seamlessly with Epic’s EHR system. DAX aims to streamline clinical documentation, improve access to patient data during exams, and enhance overall healthcare outcomes through increased efficiency and accuracy. - Google Introduces MedLM AI Models (December 2023)
Google launched MedLM, a suite of foundational AI models specifically designed for healthcare applications. These models are accessible via the Vertex AI platform for Google Cloud customers in the U.S., aiming to revolutionize healthcare data analysis and provide advanced solutions for medical applications.
Generative AI, a subset of artificial intelligence, holds promise in revolutionizing personalized medicine and medical diagnosis. By analyzing existing data, it can generate new samples for diagnostic imaging, simulate patient responses, and produce synthetic patient data for training and testing purposes. Generative AI’s analytical prowess is instrumental in facilitating medical decision-making, particularly in generating novel insights and solutions. It proves effective in creating medical images, synthesizing drug molecules, and tailoring therapies based on individual health data.