Artificial Intelligence In Healthcare Market To Rise Significantly, Adoption Of Artificial Intelligence In Hospitals For Clinical Benefits

Artificial Intelligence In Healthcare Market To Witness Considerable Growth, Utilization Of Artificial Intelligence To Resolve Complex Medical Conditions

The rising demand for time-efficient artificial intelligent systems for resolving complex medical conditions are driving the global artificial intelligence in healthcare market says Fortune business Insights in a report titled “Artificial Intelligence in Healthcare Market Size, Share And Global Trend By Platform (Hardware, Software, Services), By Application (Robot-Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Clinical Trial Participant Identifier, Preliminary Diagnosis), By End User (Hospitals, Clinics, Industries, Healthcare Provider, Pharmaceutical & Biotechnology Company), And Geography Forecast Till 2026”.Growing prevalence of chronic diseases is shifting the focus to artificial intelligence in healthcare

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Some of the major companies that are present in the global artificial intelligence in healthcare market are

  • Intel Corporation
  • IBM Corporation
  • Microsoft, Google, Inc.
  • NVIDIA Corporation
  • Medtronic
  • Koninklijke Philips N.V.
  • iCarbonX
  • Next IT Corp.
  • Welltok, Inc
  • General Vision, Inc.
  • Recursion Pharmaceuticals
  • Enlitic, Inc.
  • Stryker Corporation
  • Deep Genomics, Inc.
  • Oncora Medical, Inc. and players.

Cleveland Clinic Unveils Center for Clinical Artificial Intelligence

Cleveland Clinic launched a center to improvise the use of artificial intelligence (AI) for healthcare. The center is aiming towards developing clinical applications of artificial intelligence and leveraging machine-learning technology with a focus to improve healthcare in areas such as diagnostics, disease prediction and prevention along with treatment. The artificial intelligence oriented center is predicted to boost the market due to the new AI applications for the treatment of various diseases. Numerous software companies are collaborating with Healthcare to introduce artificial intelligence integrated treatments.

For instance, the association between Apollo Hospitals and Microsoft Corporation launched an artificial intelligence model to predict heart attacks. The newly developed application is built on Microsoft Corporation’s cloud platform which will predict the risk of heart attack and will provide rich insights to the respective physician. The new model is likely to fuel demand among heart patients and enable the growth for the artificial intelligence in health care market.

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Artificial Intelligence to Offer Extended Opportunities for Healthcare Treatment

Artificial intelligence is also generally known as machine intelligence. Artificial intelligence in health care focuses on the solution of resolving complex conditions with the assistance of smart algorithms along with the analysis of present medical data.

In the part of healthcare, artificial intelligence offers proficiency in robotic surgeries, effective patient-physician communication, record storing and retrieval clinical trial participant identifier and others. Extensive research and development in artificial intelligence are providing abundant opportunities in healthcare activities.

For instance, in 218, General Electric launched a newly designed AI platform, known as Edison platform, which holds the capability to manage the data generated by medical imaging as well as it will help hospitals to develop their own customized algorithms.

Major Segmentation

By Platform

  • Hardware
  • Software
  • Services

By Application

  • Robot-Assisted Surgery
  • Virtual Nursing Assistant
  • Administrative Workflow Assistance
  • Fraud Detection
  • Clinical Trial Participant Identifier
  • Preliminary Diagnosis
  • Others

By End User

  • Hospitals
  • Clinics
  • Industries
  • Healthcare Provider
  • Pharmaceutical & Biotechnology Company
  • Others

By Geography

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The rising demand for effective smart intelligent systems with the focus to resolve complex conditions is predicted to drive the global artificial intelligence in the healthcare market. In addition, rising population of patients and speedily increasing prevalence of chronic diseases is anticipated to impel the adoption for artificial intelligence in healthcare, which in turn will boost the growth of the artificial intelligence in the healthcare market in the forthcoming year.

North America Leads the Global Market

Geographically, the global artificial intelligence in the healthcare market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is leading the global market followed by Europe and are expected to grow at a significant rate during the forecast period. Factors such as rising acceptance and growing integration of Artificial intelligence and healthcare to resolve complex medical conditions is predicted to fuel demand among hospitals and hence propelling growth for the artificial intelligence in healthcare market in the region.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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