Artificial Intelligence in Healthcare Market Analysis

Artificial Intelligence in Healthcare Market Analysis

Artificial intelligence is noted to be employed in healthcare applications such as bladder volume prediction and epileptic seizure prediction, among others. Additionally, artificial intelligence as allows the application of machine learning and natural language processing in treatment of mood and mental-health conditions. In addition, artificial intelligence has been extensively used in intelligent personal health recorders such as wearable devices and electronic medical records (EMRS)

Security concerns regarding patient data may hamper the AI in healthcare market share. The implementation of artificial intelligence solutions such as electronic health records, e-prescriptions, medical apps require stringent data security. Breach in data security can result in incurring huge losses of critical and confidential information including medical records, which often contain social security numbers, insurance IDs, addresses and medical details, hence, adversely impacting the reputation and results of operations.

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Artificial intelligence in healthcare market from medical imaging & diagnosis segment is expected to reach USD 19.9 billion by 2032. Artificial intelligence is widely applicable in the medical imaging sector for the analysis and detection of cancer at early stages. It allows real-time monitoring, improving the patient’s life expectancy. With recent deep learning techniques, artificial intelligence is enabling superhuman pattern recognition performance in the field of medical imaging and diagnostic. Furthermore, deep learning also finds application in tumor detection and development, blood flow quantification as well as medical interpretation.
 

North America artificial intelligence in healthcare market is expected to exhibit 28.5% CAGR between 2023 and 2032. The region is expected to maintain its dominance in the industry throughout the analysis timeframe owing to robust adoption trends witnessed by digital technologies in healthcare. Various government initiatives and funding in U.S. are focusing on encouraging the market value of artificial intelligence in healthcare.