Latest News- Applied AI In Healthcare Market: Solutions is expected to lead the Component segment during 2025-2029

The Applied AI In Healthcare Market is being driven by Proliferation of big data and the growing need for actionable insights

The Applied AI In Healthcare Market is expected to grow at a CAGR of 37.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 75239.6 million. The global applied AI in healthcare market is witnessing a significant trend with the swift integration of generative artificial intelligence (AI) into clinical and administrative processes. Generative AI, which sets itself apart from traditional analytical AI by generating new content such as text, summaries, and structured data, is primarily being utilized to alleviate the burdensome administrative tasks that contribute to clinician burnout and operational inefficiencies. This technology is being incorporated into electronic health record systems and other clinical platforms to automate laborious tasks, including drafting clinical notes, summarizing patient histories, generating referral letters, and simplifying medical coding. By delegating these responsibilities to generative AI, healthcare professionals are freed up to focus on direct patient care and intricate clinical reasoning, ultimately enhancing patient outcomes and overall operational efficiency. 

Get more information on Applied AI In Healthcare Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solutions
  • Services
• Application
  • Treatment and care
  • Administrative and operational efficiency
  • Diagnostic
  • Disease prevention and management
• End-user
  • Hospitals and clinics
  • Research and academic institutes
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Proliferation of big data and the growing need for actionable insights
• Imperative to enhance operational efficiency and alleviate clinician burnout
• Rapid advancements in AI algorithms and computational infrastructure

However, the market also witnesses some limitations, which are as follows:

• Data Privacy, governance, and interoperability issues
• Complex regulatory frameworks and algorithm transparency
• High implementation costs and workforce skill gaps

Benefits of Buying Global Applied AI In Healthcare Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Applied AI In Healthcare Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Applied AI in Healthcare Market encompasses various applications of Artificial Intelligence (AI) in healthcare, including diagnostics, surgery, radiology, pathology, oncology, cardiology, neurology, and interventional radiology. AI enhances data security measures, ensures regulatory compliance, and adheres to patient safety protocols. It aims to reduce healthcare costs, improve treatment efficacy, and increase disease detection accuracy. AI also offers improved diagnostic speed, clinical workflow optimization, physician burnout reduction, healthcare access improvement, health outcome improvement, and patient experience enhancement. Additionally, AI solutions provide bias mitigation, explainable methods, robust systems, scalable solutions, medical device design, and patient monitoring systems.

Market Research Overview

The Applied Artificial Intelligence (AI) in Healthcare market is a segment of the global application software industry. This market encompasses companies specializing in machine learning algorithms, deep learning models, natural language processing, computer vision systems, and image recognition technology. These advanced AI solutions are designed to enhance healthcare services, improve diagnostics, and optimize operational efficiency. According to Technavio, the global IT application software market size is calculated based on the combined revenue generated by companies providing all types of software, including cloud-based AI solutions for healthcare. This market caters to both business and consumer needs, excluding interactive home entertainment software and database management software companies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/