AI in Healthcare Market is projected to grow at a CAGR of 36.9% to reach US$ 508.7 billion by 2034.

AI in healthcare market is driven by increasing need for hardware platforms which has a high computing power to run various AI software. In addition, increased processing power, improved connectivity of the AI devices, coupled with innovative sensing capabilities, have resulted in significant growth of the target market. Artificial intelligence also helps in scheduling and planning methods which can offer substantial support to the management of hospitals and patient care and also improve the administrative workflow assistance which further propels the global market growth. Nevertheless, the use of smart AI devices that help in patient-doctor interaction is creating immerses opportunities for growth of the global AI in healthcare market.AI in Healthcare Market was valued at US$ 29.2 billion in 2024 and is projected to grow at a CAGR of 36.9% to reach US$ 508.7 billion by 2034.

The report "AI in Healthcare Market, By Offering (Hardware, Software, and Services), By Technology (Machine Learning, NLP, Context-Aware Computing, and Computer Vision), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa- Trends, Analysis and Forecast till 2034"

Key Highlights:

• In June 2019, Sweden’s AB Volvo has collaborated with Nvidia Corporation to develop artificial intelligence useful in self-driving trucks. This collaboration is a boost for U.S. chipmaker that was dropped by Tesla Inc. last year.
• In August 2019, Intel and Lenovo have announced a multiyear collaboration which focused on rapidly growing opportunity in the convergence of artificial intelligence (AI). And high-performance computing (HPC). The collaboration aims accelerate solutions for the world’s most challenging problems.

Key Market Insights from the report:          

AI in Healthcare Market was valued at 29.2 billion in 2024 and is projected to grow at a CAGR of 36.9% to reach US$ 508.7 billion by 2034. The market report has been segmented on the basis of offering, technology, and region.

• By offering, the global AI in healthcare market is segmented into hardware, software, and services. Software offering segment is accounted to hold highest global market share.
• By technology, the global AI in healthcare market is categorized into machine learning, NLP, context-aware computing, and computer vision.
• By region, North America is expected to hold the major market share of the global AI in healthcare market over the forecast period. The growth in the region is due to development of advanced technologies, and presence of major key market players in the region. Europe accounts for the second largest global market share, owing to increasing government regulations to promote AI. Asia-Pacific is accounted to be the fastest growing market in the global AI in healthcare market over the forecast period. Limited number of healthcare professionals and rising government initiative to support AI in healthcare sector are the factors propelling growth of the Asia-Pacific for global market. Moreover, new startup & ICT companies along with rising healthcare expenditure in the region are also supporting growth of the global market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global AI in healthcare Market”, By Offering (Hardware, Software, and Services), By Technology (Machine Learning, NLP, Context-Aware Computing, and Computer Vision), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2034

The prominent player operating in the global AI in healthcare market includes NVIDIA Corp., Intel Corp., IBM Corp., Google LLC, Microsoft Corp., AWS, Inc., General Vision Services, Inc., GE Healthcare, Inc., Siemens Healthineers, Inc., and Medtronic PLC.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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