AI in Healthcare Market: Size, Share, Segmentation & Business Opportunities Report, 2021-28

Cypress, Texas, 2021-Jan-15 — A research report on the Artificial Intelligence market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. The report is titled ‘AI in Healthcare Market: Opportunity Analysis and Future Assessment 2020-2028’.  It includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the AI in Healthcare Market. The global AI in Healthcare Market in 2020 is estimated for more than US$ 5.0 Bn and expected to reach a value of US$ 107.5 Bn by 2028 with a significant CAGR of 47.3%. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

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 AI in Healthcare Market Dynamics

As per the report, mounting demand for robotics and automation in the healthcare industry is attributed to the growth of artificial intelligence in the healthcare market. AI is getting increasingly sophisticated at doing what humans do, but more efficiently, more quickly, and at a lower cost. There exists a vast potential for AI in healthcare. In healthcare, AI can be employed at various nodes of the healthcare value chain such as early detection and diagnosis, decision making, treatment, end of life care, research, training, and education, etc. Artificial intelligence improves the ability of healthcare professionals to better understand the day-to-day pattern and patient needs.

Even pharmaceutical companies are experimenting with AI to design new drugs. For instance, Merck is developing a new drug with the application of AI in partnership with  Atomwise. GlaxoSmithKline partnered with Insilico Medicine for in silico drug design and development using AI. Since 2013, healthcare AI startups have raised approximately US$ 4.3 billion across 576 deals. Healthcare tops all other industries in terms of AI deals. However, AI in healthcare faces technical and feasibility challenges.

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AI in Healthcare Market Segmentation

By Offering


o    Processor





o    Memory

o    Network


o    AI Solutions



o    AI Platform

    Machine Learning Framework

    Application Program Interface


o    Deployment & Integration

o    Support & Maintenance

To Identify the Key Trends in the Global AI in Healthcare Industry, Visit:

 By Technology

 Machine Learning

o    Deep Learning

o    Supervised Learning

o    Reinforcement Learning

o    Unsupervised Learning

o    Others

 Natural Language Processing
 Context-Aware Computing
 Computer Vision

By End-Use Application

 Patient Data & Risk Analysis
 Inpatient Care & Hospital Management
 Medical Imaging & Diagnostics
 Lifestyle Management & Patient Monitoring
 Virtual Assistants
 Drug Discovery
 Healthcare Assistance Robots
 Precision Medicine
 Emergency Room & Surgery
 Mental Health

By End-User

 Hospitals & Healthcare Providers
 Pharmaceuticals & Biotechnology Companies
 Healthcare Payers
 Others (ACOS and MCOS)

Latest Developments and News from Global AI in Healthcare Market:

AI in Healthcare Market Competitive Landscape

MMC Study identifies some of the key participating players in Artificial Intelligence (AI) in the Healthcare market globally are Google Inc., Apple Inc., Cognizant Technology Solutions, Siemens, Infosys, Dell, Atomwise, Insilico Medicine, Samsung, GNS Healthcare, etc.

Regional Segmentation

On the basis of region, the AI in healthcare market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

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