Artificial Intelligence in Medicine Market Scope
Artificial intelligence (AI) is a field of computer science that can analyse large amounts of medical data. In many clinical settings, their ability to exploit significant relationships within a data collection may be employed in diagnosis, treatment, and prediction of result. Artificial intelligence in medicine can be defined as a scientific discipline concerned with research studies, projects, and applications aimed at assisting decision-based medical tasks through knowledge- and/or data-intensive computer-based solutions that ultimately support and improve a healthcare professional's performance. The lack of qualified healthcare workers and the development in the processing capacity of AI systems are two significant reasons driving the expansion of the AI in medicine market, which is expected to assist enhance the efficiency of drug discovery and clinical trial management.
The Artificial Intelligence in Medicine market study is segmented by Type (Hardware, Software and Service), by Application (Drug Discovery, Clinical Research Trial, Personalized Medicine and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Artificial Intelligence in Medicine market throughout the predicted period.
Alphabet Inc. (Google Inc.) (United States), Berg Health (United Kingdom), BioXcel Corporation (United States), Enlitic Inc. (United States), Intel Corporation (United States), General Vision (United States), IBM Corporation (United States), Microsoft Corporation (United States), Nvidia Corporation (United States) and Welltok Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are InSilico Medicine, Inc. (Hong Kong), Flatiron Health (United States), GNS Healthcare (United States), Globavir Biosciences, Inc. (United States) and Benevolent AI (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Artificial Intelligence in Medicine market by Type, Application and Region.
On the basis of geography, the market of Artificial Intelligence in Medicine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Technical Progress in Medical Industry
- Digitization Across Different Industry Verticals
- High Investment in Medical R&D
- Growth in Healthcare Infrastructure Across Emerging Regions
- Lack of Skilled Professionals
- High Initial Investment
- Fierce Competitive Pressure
Key Target AudienceArtificial Intelligence Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Artificial Intelligence in Medicine Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.