Artificial Intelligence in Medicine Market size was valued at USD 3.6 Bn in 2021 and is expected to reach USD 87.03 Bn by 2029 at a CAGR of 48.91% during the forecast period.
Artificial Intelligence in Medicine Market Overview:
The global Artificial Intelligence in Medicine market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Artificial Intelligence in Medicine report also provides trends by market segments, technology, and investment with a competitive landscape.
The Artificial Intelligence in Medicine Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Artificial Intelligence in Medicine Market , as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
Based on the application, artificial intelligence in the medicine market is segmented into medical administration and support, patient management, research & development, and other applications. The patient management application is expected to grow significantly during the forecast timeline. Patient monitoring has evolved to include increasingly detailed information. Medical specialists and researchers now have access to a vast amount of unstructured and unprocessed data that was previously unavailable.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Artificial Intelligence in Medicine Market are as follows:
• Welltok, Inc.
• Intel Corporation
• Nvidia Corporation
• Google Inc.
• IBM Corporation
• Microsoft Corporation
• General Vision, Inc.
• Enlitic, Inc.
• BioXcel Corporation
• Berg Health
• InSilico Medicine, Inc.
• Globavir Biosciences, Inc.
• GNS Healthcare
• Flatiron Health
• Benevolent AI
• Atomwise
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Artificial Intelligence in Medicine Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Artificial Intelligence in Medicine Market :
Due to a break in operations, end-user sectors where Artificial Intelligence in Medicine Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Artificial Intelligence in Medicine Market manufacturers, impacting the growth of the Artificial Intelligence in Medicine Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Artificial Intelligence in Medicine Market .
Key Questions Answered in the Artificial Intelligence in Medicine Market Report are:
- In 2021, which segment owned the greatest share of the Artificial Intelligence in Medicine Market ?
- What is the competitive landscape of the Artificial Intelligence in Medicine Market ?
- What are the key factors influencing Artificial Intelligence in Medicine Market growth?
- In the Artificial Intelligence in Medicine Market , which region has the most market share?
- What will be the CAGR of the Artificial Intelligence in Medicine Market over the forecast period (2022-2027)?
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