The global AI in healthcare market is anticipated to grow at a CAGR of around 51.5% during the forecast period. The key factor to drive the market growth is the increased use of robotic-assisted surgeries where cognitive robotics can integrate information from pre-operation medical records along with real-time operating metrics to physically improve the accuracy of the physician’s instrument. According to Undark Magazine, the global market share for surgical robotics in 2018 was $5.4 billion and is estimated to grow above $2 billion in 2025.
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Major players of the market are launching advanced robotics surgical systems that contribute to the healthcare sector and are applied to various types of healthcare data including structured & unstructured data. For instance, in December 2020, Johnson & Johnson announced the details of its new robotic surgical system Ottava. This new system is designed with six arms that provide more control and flexibility during the surgery and its platform has a zero-footprint design that supports to access the patient, increase the workflow and increases space in the operating room. Ottava will be able to perform a range of procedures including where the surgeon can use any combination of up to six arms among various surgical specialities.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Product Type
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Siemens AG, Microsoft Corp., IBM Corp., Google, LLC., and General Electric Co., among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI in Healthcare Market Report Segment
By Product Type
- Hardware
- Software and Services
By Application
- Diagnosis
- Biomarkers
- AI-Enabled Hospital Care
- Drug Discovery
- Others
By End-user
- Hospitals and healthcare facilities
- Personal care
- Biotechnology and pharmaceutical companies
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Artificial Intelligence (AI) in Healthcare Market Report Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 3Scan, Inc.
- Atomwise, Inc.
- Amara Health Analytics Inc.
- Bay Labs, Inc.
- BioBeats Inc
- Cloudmedx inc.
- Google LLC
- General Electric Co.
- IBM Corp.
- Intel Corp.
- iCarbonX
- Johnson & Johnson Services Inc.
- Koninklijke Philips N.V.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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