According to a new report, published by KBV research, The Global Artificial Intelligence (AI) in Healthcare Market size is expected to reach $237.9 billion by 2031, rising at a market growth of 41.3% CAGR during the forecast period.
The Software segment is generating the highest revenue in the Global Artificial Intelligence (AI) in Healthcare Market by Offering in 2023; thereby, achieving a market value of $107.7 billion by 2031. AI-enabled healthcare software can continuously monitor patient data, providing early warnings for any deviations from normal parameters. Remote patient monitoring systems can track vital signs, medication adherence, and other health indicators, enabling timely interventions and reducing the need for in-person visits.
The Machine Learning segment is registering a CAGR of 40.5 % during the forecast period. Machine learning algorithms analyze vast amounts of healthcare data to extract meaningful insights, driving improvements in patient care, operational efficiency, and clinical decision-making. These algorithms power various applications and solutions across the healthcare ecosystem.
The Healthcare Providers segment led the Global Artificial Intelligence (AI) in Healthcare Market by End-use in 2023; thereby, achieving a market value of $88.5 billion by 2031. AI analyzes large volumes of patient data to identify patterns and predict health outcomes. Healthcare providers can use AI to predict the likelihood of patients developing certain diseases, allowing for early intervention and preventive care.
The Patient Data & Risk Analysis segment is growing at a CAGR of 38.3 % during the forecast period. AI-powered clinical decision support systems (CDSS) analyze patient data to provide healthcare providers with evidence-based diagnosis, treatment, and care management recommendations. By analyzing patient data in real-time, CDSS can help healthcare providers make more informed decisions, improve diagnostic accuracy, and optimize treatment plans.
Full Report: https://www.kbvresearch.com/artificial-intelligence-in-healthcare-market /
The North America region dominated the Global Artificial Intelligence (AI) in Healthcare Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $92 billion by 2031. The Europe region is anticipated to grow at a CAGR of 40.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 42.5% during (2024 - 2031).
By Offering
By Technology
By End-use
By Application
Unique Offerings 
