Global Cognitive Computing and Artificial Intelligence Systems in Healthcare Market Overview :
Global Cognitive Computing and Artificial Intelligence Systems in the Healthcare market is estimated to reach $48.2 billion by 2025; growing at a CAGR of 45.5% till 2025.
Cognitive computing and artificial intelligence have been widely accepted in the healthcare industry in recent years to resolve complex health issues. In the healthcare industry, the use of AI has drastically changed the face of healthcare delivery. Cognitive computing and AI comprises self-learning systems that use pattern recognition, human senses, and natural language processing, data mining techniques, and system modification based on real-time data of the patient. Moreover, it acts as a significant clinical support tool for doctors for their decision making.
Global Cognitive Computing and Artificial Intelligence Systems in Healthcare Market: Growth Factors
Ability to approximate complex issues without direct human intervention as well as human perception in the analysis of complicated medical data is expected to drive the market growth. Moreover, rising processing power and capability are also driving the growth of the market. However, various concerns about risk, ethics, and compliance might act as a roadblock in the growth of the market. Fewer acceptances from clinicians owing to the misinterpretation and limitation in decision making are the factors that might hinder the market growth.
Global Cognitive Computing and Artificial Intelligence Systems in Healthcare Market: Segmentation
The global Cognitive Computing and Artificial Intelligence Systems in the Healthcare market is mainly classified on the basis of the type of offerings, applications, technology, and end-user. On the basis of the type of offering, the market is categorized as hardware, services and software. Based on application, the market is divided into the preliminary diagnosis, robot-assisted surgery, fraud detection, dosage error reduction, administrative workflow assistance, virtual nursing assistant, clinical trial participant identifier, and other applications. On the basis of the technology market is classified as natural language processing (NLP), context aware processing, deep learning, and querying method. Based on end user, the market is divided into pharmaceutical and biotechnology companies, healthcare providers, payers and patients.
Global Cognitive Computing and Artificial Intelligence Systems in Healthcare Market: Regional Analysis
Based on geography, the global oilfield biocide market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa
Global Cognitive Computing and Artificial Intelligence Systems in Healthcare Market: Competitive Players
Key players operating in the market include Alphabet Inc. (Google Inc.), Biosymetrics, Careskore, Apixio Inc., Apple Inc., Enterra Solutions, LLC, General Vision, Icarbonx, Intel Corp., International Business Machines Corp. (IBM Corp.), Healthcare X.O GmbH, Cognitivescale, Enlitic Inc., and Medwhat.Com Inc.
Cognitive Computing and Artificial Intelligence Systems in Healthcare Market Key Segments:
By Type of Offering
- Preliminary Diagnosis
- Robot-Assisted Surgery
- Fraud Detection
- Dosage Error Reduction
- Administrative Workflow Assistance
- Virtual Nursing Assistant
- Clinical Trial Participant Identifier
- Other Applications
- Natural Language Processing (NLP)
- Context-Aware Processing
- Deep Learning
- Querying Method
By End User
- Pharmaceutical and Biotechnology Companies
- Healthcare Providers
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South KoreaRest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Alphabet Inc. (Google Inc.)
- Apixio Inc.
- Apple Inc.
- Enterra Solutions, LLC
- General Vision
- Intel Corp.
- International Business Machines Corp. (IBM Corp.)
- Healthcare X.O GmbH
- Enlitic Inc.
- Medwhat.Com Inc.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market