Global Artificial Intelligence in Medicine Market was valued at USD 1.538 Billion in the year 2017. Global Artificial Intelligence in Medicine market is further estimated to grow at a CAGR of 38.68% from 2018 to reach USD 10.95 Billion by the year 2023.
Atomwise Inc. (U.S), IBM Watson Health (U.S), Zebra Medical Vision Ltd (Israel), Cyrcadia Health Inc. (U.S) Aicure Llc (U.S), Modernizing Medicine, Inc. (U.S), Sense.Ly Inc. (U.S), Berg Health (U.S), Medasense Biometrics Ltd (Israel), and Hindsait (U.S) are some of the key players in the Global Artificial Intelligence in Medicine market. Better global reach at the operational level is the main reason the key players are holding substantial market share.
In the global Artificial Intelligence in Medicine market by region, North America region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to strongly growing awareness and rising old age population. The market in North America is expected to have the largest market share due to the presence of major vendors and an increase in adoption of associated services. The US is a major contributor to the growth of the AI in the healthcare market in North America. As the geriatric population in North American countries is growing, there is a need for a faster diagnosis.
Ability of AI to Improve Medicine and Healthcare Facilities
Increased Adoption of Ai in the Industry and Emphasis on Cost Saving
High cost of technology
Lack of Awareness of Artificial Intelligence in Medicine Technology and Skilled Personnel
Opportunity in developing market
Government Regulations and Long Certification & Approval Cycles
The segmentation is done on the basis of application and by region. On the basis of application types the global Artificial Intelligence in Medicine market is sub-segmented as Disease Diagnosis and Identification, Patient Care (Customized Patient Care and Electronic Medical Records), Research and Drug Invention and Others (Epidemic Outbreak Prediction, Etc.) of which the largest market segment for Artificial Intelligence in Medicine market, by application, is Patient Care and is expected to grow with highest CAGR during the forecast period.
Key Benefits for Stakeholders
Healthcare software players
Doctors and hospitals
Software solution providers
Disease Diagnosis and Identification
Patient Care (Customized Patient Care and Electronic Medical Records)
Research and Drug Invention
Others (Epidemic Outbreak Prediction, Etc.)
Key Market Players
IBM Watson Health
Zebra Medical Vision Ltd
Cyrcadia Health Inc.
Modernizing Medicine, Inc.
Medasense Biometrics Ltd
(A brief overview of 10 companies is also provided)
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1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
220.127.116.11. Key Data from Secondary Research
2.1.2. Primary Research
18.104.22.168. Key Data from Primary Research
22.214.171.124. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Market Overview
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Artificial Intelligence in Medicine Market, By Application
6.1 Disease Diagnosis and Identification
6.2 Patient Care (Customized Patient Care and Electronic Medical Records)
6.3 Research and Drug Invention
6.4 Others (Epidemic Outbreak Prediction, Etc.)
7. Geographical Analysis
7.2. North America
7.4. Asia Pacific
7.4.3. South Korea
7.4.5 Ro APAC
7.5.1. Latin America
7.5.2. Middle East and Africa
8. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
8.1 Atomwise Inc.
8.2 IBM Watson Health
8.3 Zebra Medical Vision Ltd
8.4 Cyrcadia Health Inc.
8.5 Aicure Llc
8.6 Modernizing Medicine, Inc.
8.7 Sense.Ly Inc
8.8 Berg Health
8.9 Medasense Biometrics Ltd
(A brief overview of 10 companies is also provided.)
9. Competitive Analysis
9.2. Market Positioning of Key Players
9.3 Competitive Strategies Adopted by Leading Players
9.3.1. Investments & Expansions
9.3.2. New Product Launches
9.3.3. Mergers & Acquisitions
9.3.4. Agreements, Joint Ventures, and Partnerships
10.2. Available Customizations
10.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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