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Artificial Intelligence in Healthcare Market Share

Report ID: GMI1557
Published Date: Dec 2024
Report Format: PDF

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Artificial Intelligence in Healthcare Market Share

The artificial intelligence in healthcare industry is competitive, with key players including large multinationals like International Business Machines Corporation, IQVIA, and Koninklijke Philips N.V., which lead in innovation and extensive product portfolios. Regional companies and new entrants, particularly from APAC, are intensifying competition with affordable, technology-driven solutions tailored for local markets. The market sees frequent technological advancements, such as integration of advanced machine learning models, natural language processing (NLP), and predictive analytics. Strategic partnerships, mergers, and acquisitions are also common as companies seek to expand market reach and enhance their technological capabilities.

Artificial Intelligence in Healthcare Market Companies

Prominent players operating in the artificial intelligence in healthcare industry include:

AiCure
Aidoc
Apixio
Dassault Systemes (Medidata)
Enlitic
Insilico Medicine
International Business Machines
IQVIA
Itrex Group
Koninklijke Philips N.V.
Microsoft
NVIDIA
Persistent Systems
Siemens Healthineers
Sophia Genetics

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size for artificial intelligence in healthcare was valued at USD 18.7 billion in 2023 and is expected to reach USD 317.1 billion by 2032, driven by a CAGR of 37.1% from 2024 to 2032.

The software segment is projected to grow at a CAGR of 36.9%, reaching over USD 252.9 billion by 2032, driven by the increasing use of machine learning and natural language processing software.

The North America market generated USD 7.7 billion in 2023 and is anticipated to grow at a CAGR of 37.7% between 2024 and 2032, driven by robust technological advancements and high healthcare expenditure.

Major players in the industry include AiCure, Aidoc, Apixio, Dassault Systemes (Medidata), Enlitic, Insilico Medicine, International Business Machines, IQVIA, Itrex Group, Koninklijke Philips N.V., Microsoft, and NVIDIA.