Artificial Intelligence in Healthcare Market size was valued at USD 27.07 Bn in 2024 and is expected to reach USD 347.28 Bn by 2032, at a CAGR of 37.57%.
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About the Market
Artificial Intelligence (AI) is transforming the healthcare industry by improving diagnostics, treatment, and patient engagement. Valued at $2.4 billion in 2019, the AI healthcare market is projected to reach $31.02 billion by 2025. With 86% of healthcare players adopting AI, its applications include accurate disease detection, personalized care, and enhanced decision-making. AI also reduces false positives in screenings, like mammograms, improving outcomes and reducing unnecessary procedures.
Artificial Intelligence in Healthcare Market Segment Analysis
In 2024, Medical Imaging & Diagnostics Segment Held the Dominant Position with A Share of Above 28.4% While Machine Learning Segment Dominated the Artificial Intelligence in Healthcare Market In 2024 and accounted for 38% Of the Global Revenue Share.
By Technology
Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
By Application
Robot-Assisted Surgery
Virtual Nursing Assistant
Administrative Workflow Assistance
Fraud Detection
Dosage Error Reduction
Medical Imaging & Diagnosis
By End-User
Hospitals & Healthcare Providers
Pharmaceutical & Biotechnology Company
Healthcare Payers
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Artificial Intelligence in Healthcare Market Regional Insights
In 2024, North America held the largest revenue share in the Artificial Intelligence in Healthcare Market, contributing approximately 51.25%, followed by Europe as the second-largest region with around 41% of the market share. These regions lead due to advanced healthcare infrastructure, strong R&D investment, favorable government policies, a skilled workforce, and the presence of major tech companies.
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Market key players Fueling industry evolution
These companies are leading the Artificial Intelligence in Healthcare Market, demonstrating strong financial performance and strategic investments in product development and market expansion:
Amazon Web Services (AWS) $90.8 billion
Nvidia Corporation $130.5 billion
Medtronic $31.2 billion
General Electric (GE) $67.95 billion
Siemens Healthiness $24.6 billion
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