Artificial Intelligence in Medicine Market Size, Share, Growth Analysis, By Therapeutic Applications(Oncology, Cardiology), By Component(Software and Services), By End-User(Hospitals, Diagnostic Centers) - Industry Forecast 2024-2031

North America continued to dominate the market by 2023 and is expected to hold the largest market share in medicine during the forecast period. North America is an important player in AI in the medical industry, along with the US. The country and Canada are the main contributors to the development of the sector. There has been a significant investment in AI in medicine in this area. Venture capital firms and government programs have continued to support startups aiming to develop AI solutions to advance healthcare.

The healthcare industry in North America has embraced digital transformation, including the adoption of AI technology to improve patient outcomes, reduce costs and increase efficiency The region benefits from access to more healthcare data, which is critical for training and validation of AI systems. I have checked the account details of the student and can see that the student has not enrolled for the course yet. AI in medicine can deliver personalized and patient-centered care, in line with the growing focus on precision medicine and personalized treatment plans.

The market is expected to grow at the highest rate in Asia-Pacific during the forecast period. Increasing diversity of chronic & infectious diseases, increasing number of AI-based start-ups especially in China and India, increasing funding, and tremendous potential of AI to fill the gap in the healthcare sector of the region are all contributing factors to the growth of the market.