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North America AI in Healthcare Market 2021 Industry Trends | Growth Dynamics To 2027 Flipbook PDF
North America AI in Healthcare Market is set to grow at a significant pace through 2026. Whether it is finding new links
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North America AI in Healthcare Market to Cross USD 14.3 Bn by 2027: Graphical Research North America AI in Healthcare Market is set to grow at a significant pace through 2026. Whether it is finding new links between genetic codes or designing medical robots, artificial intelligence (AI) has been revolutionizing the modern healthcare industry using advanced machines that can predict, understand, learn, and act. The COVID-19 pandemic has been reemphasizing the potential of AI in healthcare applications such as drug discovery, medical imaging & diagnosis, wearables, therapy planning, hospital work-flow optimization, and virtual assistance. The U.S. and Canada are expected to contribute significantly toward North America healthcare artificial intelligence market through 2027 due to the shortage of public healthcare workforce especially during the pandemic. By 2027, AI in healthcare market across North America is projected to surpass $14.3 billion, thanks to the recent advancements across healthcare technologies such as big data analytics. Big data analytics is increasingly being leveraged to manage massive volumes of data records supporting hospital performances. Investments toward AI are slated to grow considerably owing to the focus of industry participants toward deep neural networks and data-driven analysis.
For example, data published by the October Optum survey consisting of 500 healthcare companies in the U.S. reveals that nearly 22% of the total respondents are in the last phase of AI implementation. As the healthcare industry has been striving to offer quality-of-care delivery to boost patient outcomes, implementation of AI solutions across medical research and healthcare services will gain the status of a vital tool over the next decade. This trend will accelerate North America AI in healthcare market outlook. The chronic disease prevalence across North America has been increasing continuously since the past few years because of the significant growth in geriatric population. This has fostered the demand across North America healthcare market for AI-enabled medical equipment across hospitals and clinical laboratories. Medical record review, population health analytics, therapeutic drug design, and treatment suggestions are some significant areas where AI holds substantial potential. In terms of application, the medical imaging and diagnosis segment in ai in healthcare market is projected to grow at 46% CAGR through 2027 in North America. AI technology offers a host of benefits in medical imaging & diagnosis when integrated with quantitative radiographic assessments and automatic identification of complex imaging data patterns.
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As per the U.S. National Center for Biotechnology Information (NCBI), artificial intelligence can successfully be deployed to improve clinical applications including colonoscopy, thoracic imaging, mammography, among others. As such, numerous AI in healthcare market players have been investing toward the development of new medical imaging devices featuring AI technology. For instance, in April 2021, Abbott launched its new AI-powered OCT imaging system for cardiac procedures, which enables clinicians to have a quick look into the major arteries of the heart. Similarly, during January 2020, PhotoniCare received FDA clearance for its new handheld non-invasive OCT imaging device that enables accurate diagnosis of middle ear pathologies and childhood ear infections. Drug discovery is also gaining traction in ai in healthcare market and the segment held an industry share of more than $446 million during 2020. Since artificial intelligence can prevent research-related dead ends, at the same time minimizing costs associated with drug development, the segment is likely to gain considerably from the current R&D activities especially in the context of the COVID-19 pandemic. Browse key industry insights from this 2020 report North America AI in Healthcare Market in detail along with the table of contents at:
https://bit.ly/3vcRUcE
IBM Watson Health, NVIDIA Corporation, Zebra Medical Vision are some leading AI in healthcare market players.
Segmentation of North America AI in Healthcare Market:
North America Market, By Application o o o o o o o
Medical Imaging & Diagnosis Drug Discovery Therapy Planning Hospital Workflow Wearables Virtual Assistants Others
The above information has been provided for the following countries: •
North America • U.S. • Canada
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About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Us:
Parikhit B. Corporate sales, Graphical Research Email: [email protected] Web: https://www.graphicalresearch.com/
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