Fatpos Global has released a report titled “Healthcare Artificial Intelligence Market - Analysis of Market Size, Share Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach 450.0 billion USD by 2032. According to a study by Fatpos Global, the market is expected to portray a CAGR of 40.0% between 2022 and 2032. According to the market research study, the growing complexity of datasets and the abundance of healthcare data that demands Al’s use in healthcare, is significantly driving the Healthcare Artificial Intelligence Market.

The market research study on Healthcare Artificial Intelligence Market includes in-depth insights such as:

• Healthcare Artificial Intelligence Market in North America held the largest market share in the year 2021.
• Healthcare Artificial Intelligence Market is classified based on the Offering into Software, Hardware, and Services.
• Healthcare Artificial Intelligence Market is classified based on the Technology into Machine Learning (ML), Natural Language Processing (NLP), Context Aware Processing, and Querying Method.
• Healthcare Artificial Intelligence Market is classified based on the Application into Hospital Workflow Management, Patient Data and Risk Analytics, Medical Imaging and Diagnosis, Drug Discovery, Precision Medicine, Patient Management, and Others.
• Healthcare Artificial Intelligence Market is classified based on the End User into Hospitals and Diagnostic Centers, Pharmaceutical and Biopharmaceutical Companies, Healthcare Payers, Patients, and Others.
• Growing demand for personalized medicines is expected to boost the market growth.

“The aging of the world's population, shifting lifestyles, and increasing cases of chronic diseases have all added to the need for accurate early-stage disease detection and knowledge. This is projected to drive the Healthcare Artificial Intelligence Market.”, said a lead analyst at Fatpos Global.

Healthcare AI, in medical context, is the use of machine learning algorithms and most other cognitive technologies. AI specifically refers to the ability of computers and other technologies to replicate human intellect and think, take decisions, and learn or other activities. Combining patient insights can produce predicted benefits due to AI's ability to handle massive data sets, which can assist the healthcare ecosystem in identifying the most important patient care areas that need to be improved.

Healthcare Artificial Intelligence Market is classified based on the Application into Hospital Workflow Management, Patient Data and Risk Analytics, Medical Imaging and Diagnosis, Drug Discovery, Precision Medicine, Patient Management, and Others. In 2021, the Hospital Workflow Management category held a considerable share, and is anticipated to continue its dominance throughout the forecast period. The primary driving factors include the rising volume of healthcare data generated, its capacity to manage medical records, and the ability to compile as well as assess patient data produced in hospitals.

Key Players in the Market

Some of the key players operating in the Healthcare Artificial Intelligence Market are Microsoft, General Electric Company, Amazon Web Services, Intel Corporation, Medtronic, Koninklijke Philips N.V., Siemens Healthineers, Micron Technology, NVIDIA Corporation, Nuance Communications Inc., IBM Corporation, Verint Systems Inc., Virgin Pulse Inc., iCarbonX, Oncora Medical, and Other Prominent Players.

Get Valuable Insights into Market

In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Healthcare Artificial Intelligence Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the Market. Healthcare Artificial Intelligence Market is classified based on the Offering into Software, Hardware, and Services. Healthcare Artificial Intelligence Market is classified based on the Technology into Machine Learning (ML), Natural Language Processing (NLP), Context Aware Processing, and Querying Method. Healthcare Artificial Intelligence Market is classified based on the Application into Hospital Workflow Management, Patient Data and Risk Analytics, Medical Imaging and Diagnosis, Drug Discovery, Precision Medicine, Patient Management, and Others. Healthcare Artificial Intelligence Market is classified based on the End User into Hospitals and Diagnostic Centers, Pharmaceutical and Biopharmaceutical Companies, Healthcare Payers, Patients, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.