Artificial intelligence (AI) in healthcare is the use of machine-learning algorithms and software to analyze, process and present complex medical and health care data. Artificial intelligence (AI) is field of the computer science that allows machine to do interactive functions similar to humans. The AI allow systems to do activities such as speech recognition, learning, data monitoring, data recording and more. The use of AI technology in healthcare sector decreases high healthcare costs and reduces the work burden on healthcare professionals. It has been widely used to support clinical decisions, improve workflows and predict health outcomes. Thus, wide application of AI in the healthcare sector is likely to propel the growth of the market.
Market Overview and Dynamics
The Asia Pacific artificial intelligence (AI) in healthcare market is expected to reach US$ 17,797.42 million in 2027 from US$ 622.92 million in 2019. The market is estimated to grow with a CAGR of 50.8% from 2020-2027. The growth of this market is estimated to grow owing to key driving factors such as the increasing public-private investments in AI in healthcare and the burgeoning partnerships among market players. However, the market is expected experiencing slow growth during the forecast period owing to the lack of expertise in artificial intelligence professionals and non-uniform regulatory guidelines for medical software.
Key Market Segments
Based on component, the artificial intelligence (AI) in healthcare market is segmented into software solution, hardware, and services. Based on application, the artificial intelligence (AI) in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. Based on end user, the artificial intelligence (AI) in healthcare market, is segmented into hospitals & healthcare providers, patients, pharma & biotech companies, healthcare payers, and others.
Major Sources and Companies Listed
Some of the major primary and secondary sources for artificial intelligence (AI) in healthcare market included in the report are The University of Tokyo Edge Capital (UTEC), Global AI Talent (2019),and others.
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Stay ahead of the race by comprehending the ever-changing competitive landscape for artificial intelligence (AI) in healthcare market
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Obtain market revenue forecast for market by various segments from 2019 to 2027 in Asia Pacific region
ASIA PACIFIC ARTIFICIAL INTELLIGENCE (AI) IN HEALTHCARE MARKET SEGMENTATION
By Component
Software Solution
Hardware
Services
By Application
Robot Assisted Surgery
Virtual Assistants
Administrative Workflow Assistants
Connected Machines
Diagnosis
Clinical Trials
Fraud Detection
Cybersecurity
Dosage Error Reduction
Others
By End User
Hospitals and Healthcare Providers
Patients
Pharma and Biotech Companies
Healthcare Payers
Others
By Country
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
Company Profiles
General Electric Company
Alphabet Inc.
Intel Corporation
Koninklijke Philips N.V
Microsoft Corporation
NVIDIA CORPORATION
Nuance Communications, Inc.
Siemens Healthineers AG
Arterys Inc.
Johnson and Johnson Services, Inc
Asia Pacific Artificial Intelligence (AI) in Healthcare Market Strategic Insights
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Asia Pacific Artificial Intelligence (AI) in Healthcare Market Segmentation Analysis
Asia Pacific Artificial Intelligence (AI) in Healthcare Market Report Highlights
Asia Pacific Artificial Intelligence (AI) in Healthcare Report Scope
Report Attribute
Details
Market size in 2019
US$ 622.92 Million
Market Size by 2027
US$ 17,797.42 Million
CAGR (2020 - 2027)
50.8%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Component
Software Solution
Hardware
Services
By Application
Robot Assisted Surgery
Virtual Assistants
Administrative Workflow Assistants
Connected Machines
Diagnosis
Clinical Trials
Fraud Detection
Cybersecurity
Dosage Error Reduction
By End User
Hospitals & Healthcare Providers
Patients
Pharma & Biotech Companies
Healthcare Payers
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
General Electric Company
Alphabet Inc.
Intel Corporation
Koninklijke Philips N.V
Microsoft Corporation
NVIDIA CORPORATION
Nuance Communications, Inc.
Siemens Healthineers AG
Arterys Inc.
Johnson and Johnson Services, Inc
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Asia Pacific Artificial Intelligence (AI) in Healthcare Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Asia Pacific Artificial Intelligence (AI) in Healthcare Market
General Electric Company
Alphabet Inc.
Intel Corporation
Koninklijke Philips N.V
Microsoft Corporation
NVIDIA CORPORATION
Nuance Communications, Inc.
Siemens Healthineers AG
Arterys Inc.
Johnson and Johnson Services, Inc
Frequently Asked Questions
How big is the Asia Pacific Artificial Intelligence (AI) in Healthcare Market?
The Asia Pacific Artificial Intelligence (AI) in Healthcare Market is valued at US$ 622.92 Million in 2019, it is projected to reach US$ 17,797.42 Million by 2027.
What is the CAGR for Asia Pacific Artificial Intelligence (AI) in Healthcare Market by (2020 - 2027)?
As per our report Asia Pacific Artificial Intelligence (AI) in Healthcare Market, the market size is valued at US$ 622.92 Million in 2019, projecting it to reach US$ 17,797.42 Million by 2027. This translates to a CAGR of approximately 50.8% during the forecast period.
What segments are covered in this report?
The Asia Pacific Artificial Intelligence (AI) in Healthcare Market report typically cover these key segments-
End User (Hospitals & Healthcare Providers, Patients, Pharma & Biotech Companies, Healthcare Payers)
What is the historic period, base year, and forecast period taken for Asia Pacific Artificial Intelligence (AI) in Healthcare Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Artificial Intelligence (AI) in Healthcare Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Asia Pacific Artificial Intelligence (AI) in Healthcare Market?
The Asia Pacific Artificial Intelligence (AI) in Healthcare Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
General Electric Company
Alphabet Inc.
Intel Corporation
Koninklijke Philips N.V
Microsoft Corporation
NVIDIA CORPORATION
Nuance Communications, Inc.
Siemens Healthineers AG
Arterys Inc.
Johnson and Johnson Services, Inc
Who should buy this report?
The Asia Pacific Artificial Intelligence (AI) in Healthcare Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Artificial Intelligence (AI) in Healthcare Market value chain can benefit from the information contained in a comprehensive market report.
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