AI in Healthcare market projected to grow from $20.9 billion in 2024 to $148.4 billion by 2029.

From GlobeNewswire: 2024-06-25 08:00:00

The global AI in Healthcare market is projected to grow from USD 20.9 billion in 2024 to USD 148.4 billion by 2029, with a CAGR of 48.1%. Drivers include data generation, cost reduction needs, improved computing power, and collaborations in healthcare. Top companies in the market are Koninklijke Philips N.V. and Microsoft, offering diverse solutions and services.

Key players in the AI in Healthcare market include Siemens Healthineers AG, Intel Corporation, NVIDIA Corporation, Google Inc., and Medtronic. The market is witnessing rapid growth due to AI technologies’ adoption in enhancing patient care and reducing costs. Applications range from predictive analytics to automated diagnostics and advanced imaging techniques.

Current trends in the AI healthcare market focus on advanced AI solutions like machine learning algorithms for disease prediction and AI-powered robotic surgery. Innovations in telemedicine platforms and genomics underscore a commitment to revolutionizing medical science. The market is driven by factors like rising chronic diseases, healthcare expenditure, big data availability, and government initiatives supporting AI integration in healthcare.

AI in Healthcare market growth is fueled by factors such as chronic disease prevalence, healthcare expenditure increases, and the demand for efficient healthcare systems. Advancements in big data, machine learning, and government support for AI integration in medical practices contribute to the market’s expansion potential. AI offers promising solutions to enhance clinical decisions, patient outcomes, and overall system efficiency.



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