In a recent published report, Kenneth Research has updated the market report for Artificial Intelligence in the Healthcare Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artificial Intelligence in the Healthcare Market products.
Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10078358
Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
The Artificial Intelligence in the Healthcare Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Artificial Intelligence in the Healthcare Industry was valued at USD 856.42 Million in the year 2017. Global Artificial Intelligence in the Healthcare Industry is further estimated to grow at a CAGR of 48.8% from 2019 to reach USD 20,525.04 Million by the year 2025. North America region holds the highest Industry share and is considered as the fastest growing Industry in the forecasted period. The Industry in North America is expected to have the largest Industry share due to the presence of major vendors and increase in adoption of associated services. The US is a major contributor to the growth of the AI in healthcare Industry in North America. As the geriatric population in North American countries is growing, there is a need for faster diagnosis.
Major market players in are Alphabet Inc. (Google Inc.), Intel Corporation, NVIDIA CORPORATION, Koninklijke Philips N.V., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corp., Welltok, Inc., and brief overview of 10 companies is also provided in the report. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Artificial Intelligence in the Healthcare Industry:
Strength:
- Increase in processing power of AI systems leading to enhanced AI capabilities
- Dearth of skilled healthcare professionals
Weakness:
- Limitations of AI decision-making
- Ambiguous Regulatory Guidelines for Medical Software
Opportunities:
- Significant Growth Opportunities of Emerging markets Such as India, China, and Brazil
Threats:
- Lack of Curated Healthcare Data
- Concerns Regarding Data Privacy
The Global Artificial Intelligence in the Healthcare Industry is segmented on the basis of offerings, algorithm, by application, by end-users and region. On the basis of offering, the Industry is divided into hardware, software, and services. The software segment occupied the highest share in 2017, owing to continuous software innovation.
Request Free Sample Copy :-https://www.kennethresearch.com/sample-request-10078358
Artificial Intelligence in the Healthcare Industry Segmentation:
By Application
- Robot-assisted surgery
- Virtual nursing assistant
- Administrative workflow assistance
- Fraud detection
- Dosage error reduction
- Clinical trial participant identifier
- Preliminary diagnosis
- Others
By Technology
- Deep learning
- Querying method
- Natural language processing
- Context aware processing
By End User
- Healthcare providers
- Pharmaceuticals & biotechnology companies
- Patients
- Payer
By Offerings
- Hardware
- Software
- Services
By Region
- North America
- USA
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- APAC
- China
- India
- Japan
- Rest of Asia-Pacific
- RoW
- Latin America
- Middle East & Africa
Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10078358
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
————————New Latest Trending Reports——————————
Smart Thermostats Market
Artificial Intelligence in Agriculture Market
Next-Generation Sequencing Market
Process Orchestration Market
Wireless Mesh Network Market
Smart Security Market
Smart City ICT Infrastructure Market
Open Stack Market
