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Artificial Intelligence in Healthcare Market Size
- Report ID: GMI1557
- Published Date: Mar 2023
- Report Format: PDF
Artificial Intelligence in Healthcare Market Size
Artificial Intelligence in Healthcare Market size accounted for over USD 5.4 billion in 2022 and is estimated to grow with 29.2% CAGR between 2023 and 2032. Growing application of artificial intelligence in the field of drug discovery, medical imaging, precision medicine and genomics coupled with increasing personalized treatments is anticipated to drive the market growth.
Additionally, the drug discovery process in the market is witnessing a paradigm shift to meet the growing needs of society and patients. Moreover, the use of artificial intelligence and its broadening horizons in research areas is further observed to spur the market progress.
Artificial intelligence in healthcare is defined as the utilization of artificial intelligence or machine-learning algorithms and software to reproduce human cognition in the analysis and understanding of critical healthcare data and their interpretation. Various applications in this industry includes drug discovery, medical imaging & diagnosis, virtual assistants among others.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Artificial Intelligence in healthcare Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 33.7% |
| 2032 Value Projection: | USD 70 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 139 |
| Tables, Charts & Figures: | 90 |
| Segments covered: | Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Artificial Intelligence in healthcare Market Scope
