ARTIFICIAL INTELLIGENCE IN MEDICINE 2025 J U L Y
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SUMMARY The global artificial intelligence in medicines market was valued at $719 million in 2017 and is estimated to reach $18,119 million at a CAGR of 49.6% from 2018 to 2025.
Artificial intelligence (AI) in medicine is used to analyze complex medical data by approximating human cognition with the help of algorithms and software.
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PRODUCT TYPE SEGMENT - The market is segmented into hardware, software, and service. The software segment occupied the highest share in 2017, owing to continuous software innovation that caters to the requirement in the healthcare sector.Â
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TECHNOLOGY SEGMENT - It is classified into deep learning, querying method, natural language processing, and context aware processing.
- This technology in frequently used during various applications such as drug discovery and clinical trial identification.
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KEY GEOGRAPHICAL SEGMENT -Â The artificial intelligence in medicine market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2017 and is expected to retain its dominance throughout the forecast period owing to the availability of capital investments and increase in adoption of AI technology.
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KEY PLAYERS Welltok, Inc. Intel Corporation Nvidia Corporation Google Inc. IBM Corporation Microsoft Corporation General Vision, Inc.
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KEY BENEFITS - Entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities.
- Market estimations are based on a comprehensive analysis of the key developments.
- Market is comprehensively analyzed with respect to product type, technology, application, and region..
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Artificial Intelligence in Medicine Market Key Segments:
By Technology Deep Learning Querying Method Natural Language Processing Context Aware Processing
By Product Type Hardware Software Service
By Application Drug Discovery & Repurposing (Preclinical Phase) Clinical Research Trial Personalized Medicine Others
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