Artificial Intelligence (AI) in Healthcare Market
                     A RT I F I C I A L  
I N T E L L I G E N C E  
( A I )  I N  
H E A LT H C A R E  
M A R K E T
U N I V D A T O S  M A R K E T  I N S I G H T S
A R T I F I C I A L  I N T E L L I G E N C E  ( A I )  I N  
H E A LT H C A R E  M A R K E T  T O  R E A C H  
U S $  2 6 . 5  B I L L I O N  BY  2 0 2 5
Emphasis on Technology (Machine Learning, Deep Learning, 
Artificial Neural Network), Applications (Robotic Surgery, 
Diagnosis, Virtual Nursing Assistance, Administrative Workflow 
Assistance); Offerings (Hardware, Software and Services) and 
Region
Artificial Intelligence (AI) is expected to contribute up to US$ 15.7 
trillion to global GDP by 2030. AI applications, powered by an influx of 
big data and advancements in computing power, are positioned to 
transform major sectors, including healthcare. Global expenditures on 
healthcare increased to 9.9% of the total GDP in 2017, up from 
8.6% in 2000. The United States witnessed the highest expenditure on 
healthcare, 17% of total GDP, in 2017. The world's population, aged 60 
years and above, is likely to grow by 56% from 2015 to 2030. The 
healthcare industry is expected to benefit from US$ 45 billion in annual 
cost savings by 2025.
C OV I D - 1 9  I M PA C T
To tackle and look forward to emerging diseases, healthcare delivery 
includes the assistance of new technology such as Artificial Intelligence 
(AI), Internet of Things ( IoT), Big Data, and machine learning. Some of the 
major applications of AI during the COVID-19 pandemic include early 
detection and diagnosis of the infection, treatment monitoring, contact 
tracing, projection of cases and mortality, development of drugs and 
vaccines, reducing the workload of healthcare workers, among others. For 
instance: In China, Alibaba has developed an AI algorithm that can 
diagnose suspected COVID-19 cases within 20 seconds (almost 45 
times faster than the conventional approach) with 96% accuracy.
Medtronic Plc, Abbott Laboratories, Johnson and Johnson, Bcton 
Dickinson, Boston Scientific Corporation, Koninklijke Philips N.V, Roche 
Holding AG, Siemens Healthineers AG, Stryker Corporation and Oracle 
Corporation are the major players operating in the 
AI in healthcare market. These company are partnering up with 
technology leaders and are investing heavily to come up with new and 
innovative AI backed healthcare equipment to treat patients.
R E A S O N S  T O  B U Y:
• The Artificial intelligence in healthcare market study presents the current 
market size, trend, forecast until 2024. The analysis presented in the report is 
a combination of deep dive secondary research and input from Key Opinion 
Leaders of the industry
• The report presents a quick review of overall industry performance at one 
glance
• The report covers in-depth analysis of prominent industry peer with a primary 
focus on key business financials, product portfolio, expansion strategies, and 
recent developments
• Detailed examination on drivers, restraints, key trends and opportunities 
prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces 
analysis
• The study comprehensively covers the market across different segments and 
sub segments
• Deep dive regional level analysis of the industry
U N I V D AT O S  M A R K E T  I N S I G H T S
The Artificial intelligence in healthcare market can be customized 
to the country level or any other market segment. Besides this, 
UMI understands that you may have your own business need, 
hence we also provide fully customized solutions to clients.
Report Pricing
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Global License $3,920
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