Artificial Intelligence in Medicine Market : Key Facts and Forecast Predictions Presented Until 2025

Press Release

Global Artificial Intelligence in Medicine Market was valued at USD 1.6 Billion in the year 2017. Global Artificial Intelligence in Medicine Market is further estimated to grow at a CAGR of 38.7% from 2019 to reach USD 21.05 Billion by the year 2025. In the global Artificial Intelligence in Medicine Market by region, North America region holds the highest Market share in 2017 and is considered as the fastest growing Market in the forecasted period due to strongly growing awareness and rising old age population. The Market in North America is expected to have the largest Market share due to the presence of major vendors and an increase in adoption of associated services. The US is a major contributor to the growth of the AI in the healthcare Market in North America. As the geriatric population in North American countries is growing, there is a need for a faster diagnosis.

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Major market players in are Atomwise Inc., IBM Watson Health, Zebra Medical Vision Ltd, Cyrcadia Health Inc., Aicure Llc, Modernizing Medicine, Inc., Sense.Ly Inc., Berg Health, Medasense Biometrics Ltd, Hindsait, and brief overview of 10 companies is also provided in the report. Better global reach at the operational level is the main reason the key players are holding substantial Market share.

SWOT analysis of Artificial Intelligence in Medicine Market:

Ability of AI to Improve Medicine and Healthcare Facilities
Increased Adoption of Ai in the Market and Emphasis on Cost Saving

High cost of technology
Lack of Awareness of Artificial Intelligence in Medicine Technology and Skilled Personnel

Technological development
Opportunity in developing Market

Government Regulations and Long Certification & Approval Cycles

The segmentation is done on the basis of application and by region. On the basis of application types the global Artificial Intelligence in Medicine Market is sub-segmented as Disease Diagnosis and Identification, Patient Care (Customized Patient Care and Electronic Medical Records), Research and Drug Invention and Others (Epidemic Outbreak Prediction, Etc.) of which the largest Market segment for Artificial Intelligence in Medicine Market, by application, is Patient Care and is expected to grow with highest CAGR during the forecast period.

Artificial Intelligence in Medicine Market Segmentation:

By Application
Disease Diagnosis and Identification
Patient Care (Customized Patient Care and Electronic Medical Records)
Research and Drug Invention
Others (Epidemic Outbreak Prediction, Etc.)

By Region
North America
Rest of Europe
Rest of Asia-Pacific
Latin America
Middle East & Africa

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