AI in healthcare market

Market Dynamics

Drivers:

Big data and analytical solutions have grown exponentially in the healthcare sector particularly as a result of bidirectional patient portals allowing patients the ability to upload medical information. Sectors such as x-ray machines, electrocardiogram, (ECG) machines, electronic health records, biometric information and various other sources such as wearables and sensors are all expected to contribute to high volumes of big datasets being generated. Post the Covid-19 pandemic, AI-based healthcare technologies witnessed a significant adoption boost, particularly in functions such as diagnostics, medication management, claims management, workflow management, patient management, aged care and critical care.

Challenges:

The AI in healthcare market is facing huge challenges in terms of data privacy. AI-based tools are expected and mandated to adhere to strict privacy protocols, however, the reliance on vendor data centres and whether these entities are adhering to security is questionable. Breach of patients’ private data is an important concern for regulators across the globe.

Key Companies Featured:

Rise in technological collaborations, growing spends on research and development, IP-focused product developments and product launches, hyper-personalised product and service offerings are some of the pathways being adopted by key industry players. The competitive landscape includes start-ups, mid-sized and larger, more established companies as well.

Some of the prominent players featured in the AI in Healthcare Marker report include:

• Nuance Communications, Inc.
• IBM Corporation
• Microsoft
• NVIDIA Corporation
• Intel Corporation
• DeepMind Technologies Limited
• Koninklijke Philips N.V.
• Siemens Healthcare
• General Electric
• Babylon Health
• PathAI
• AiCure

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Report Coverage

This report will help you understand:

• Competitive benchmarking
• Historical data & forecasts
• Company revenue shares
• Regional opportunities
• Latest trends & dynamics

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