Global Artificial Intelligence (AI) in Healthcare Market Size, Share, Growth Analysis, By Component(Hardware, Services), By Algorithm(Deep Learning, Querying Method), By End User(Healthcare Providers, Pharmaceuticals & Biotechnology Companies) - Industry Forecast 2024-2031

Global Artificial Intelligence (AI) in Healthcare Market size was valued at USD 15.70 billion in 2022, and is projected to rise from USD 21.68 in 2023 to reach USD 286.77 billion by 2031, growing at a CAGR of 38.1% in the forecast period (2024-2031).

Continuous rise artificial intelligence (AI) in health care is due to benefits such as reduce human error, assist staff and medical professionals alike. Huge development in AI tools provides opportunities for medical organizations to support patient's services 24/7, without any interruption. Various departments potentially use it for reading medical images, diagnosing medical problems, creating curated treatment plans and X-rays or scan procedures. Till Now, it is continuing to help and streamline various day to day tasks like answering queries in chat assistance portal to analyzing population health trends. As a result, manpower can be utilized efficiently, and care seekers can receive more effective professional care. 

Artificial Intelligence can rapidly process relevant information from many medical datasets. Many star-ups have shifted their focus on AI development and create predictive models to analyze patient wholistic data to prevent any kind of complications ahead. As most health care organizations work with collection of heterogeneous sources, it is forecasted that healthcare related function to be streamlined with data integration and natural language processing. Current usage of AI in Europe has adopted AI assistance, in treating patients and performing administrative tasks. Moreover, nurses can spend 20% more of their time on patient care due to their regulatory activities boosted by generative artificial intelligence.

US Artificial Intelligence In Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.