Global “Artificial Intelligence in Medicine Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Artificial Intelligence in Medicine in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Artificial Intelligence in Medicine Market report categorizes the market based on manufacturers, regions, type and application. Artificial Intelligence in Medicine Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Artificial Intelligence in Medicine Market report categorizes the market based on manufacturers, regions, type, and application. Artificial Intelligence in Medicine Market reports offer a detailed assessment of the Artificial Intelligence in Medicine including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Artificial Intelligence in Medicine Market:-
- Atomwise Inc.
- IBM Watson Health
- Zebra Medical Vision
- Cyrcadia Health Inc.
- Aicure Llc
- Modernizing Medicine
- Sense.Ly Inc.
- Berg Health
- Mendasense Biometrics Ltd.
- Esko Bionics.
The Global Artificial Intelligence in Medicine market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global artificial intelligence in medicine market was valued at USD 1.603 billion in 2017 and is projected to reach a value of USD 12.150 billion by 2023, at a CAGR of 40.15% over the forecast period, 2018-2023. The advent of artificial intelligence has revolutionized many domains across the globe; the healthcare industry has also been a recipient of the advantages offered by the technology. AI in healthcare has been revolutionary, owing to the increase in the number of applications of AI in the industry. AI aids in patient care, providing a much more enhanced and effective experience for the concerned patient. Healthcare and medical budgets have been focused on increasing the technology penetration within the domain, owing to which there has been an increasing implementation of AI technologies.
Ability of AI to Improve Medicine and Healthcare Facilities
Artificial intelligence has revolutionized patient care and enabled the emergence of better healthcare facilities. Managing medical records and other data pertaining to the patients is being delegated to AI systems, which leads to efficient use of resources and reduction of monotony in the jobs. These systems also help in faster and more consistent access to data. The inspection of images and diagnostics for various tests, such as CT scans, MRI, etc., could also be delegated to AI systems. It has been identified that error rates for image labelling have decreased from 28.5% to 2.5%, which emphasizes the need for AI systems in medicine. These applications can reduce redundancy and enable physicians and researchers focus on more demanding and necessary applications.
Patient Care and Management is Expected to Have the Highest Share Owing to Growing Awareness among the Applications
Effective management of patients is one of the prime needs for hospital facilities. Several studies have demonstrated the importance of patient engagement in improving health outcomes. Lacking such engagement has been a major contributor to preventing deaths. Healthcare applications are being used to deliver various medication alerts and other patient education materials. Smart wearables play a vital role in the transformation of the current healthcare industry. These wearables are available in the market in various forms, such as wristbands, watches, shoes, eyeglasses, belts, etc. The awareness among consumers is also increasing regarding wearables. About 56% of the consumers believe that wearing a smart device, which monitors vitals, leads to increase in the average life expectancy.
North America is Leading the Way as One of the Highest Market Shares for AI Medicine
The North American region has a well-developed healthcare and medicine system, which integrates the use of the latest technology. According to the Journal of Patient Safety, preventable medical mistakes account to about 210,000 lives per year. Diagnostic errors account to about 440,000 deaths per year. Medical errors cost the industry around USD 1 trillion annually. Thus, the need for efficient management and support in the country is high. Increasing amount of data and complexity of operations in the domain are challenging the resource management. Canada has also been rated as one of the best 10 healthcare systems, globally, which further emphasizes the need for better healthcare systems that drive the growth of Artificial Intelligence in this region.
Key Market Players: Atomwise Inc., Ibm Watson Health, Zebra Medical Vision, Cyrcadia Health Inc., Aicure Llc, Modernizing Medicine, Sense.Ly Inc., Berg Health, Mendasense Biometrics Ltd., Hindsait, Esko Bionics.
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The global Artificial Intelligence in Medicine market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Artificial Intelligence in Medicine Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Artificial Intelligence in Medicine Market:
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This Artificial Intelligence in Medicine Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Artificial Intelligence in Medicine? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Artificial Intelligence in Medicine Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Artificial Intelligence in Medicine Market? What Was Capacity, Production Value, Cost and PROFIT of Artificial Intelligence in Medicine Market?
- What Is Current Market Status of Artificial Intelligence in Medicine Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Artificial Intelligence in Medicine Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Artificial Intelligence in Medicine Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Artificial Intelligence in Medicine Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Artificial Intelligence in Medicine Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Artificial Intelligence in Medicine Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Artificial Intelligence in Medicine Industry?
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Finally, the report Global Artificial Intelligence in Medicine Market 2020 describes the Artificial Intelligence in Medicine industry expansion game plan, the Artificial Intelligence in Medicine industry knowledge supply, appendix, analysis findings, and the conclusion.
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