The global Artificial Intelligence (AI) in healthcare market size was valued at USD 10.54 billion in 2021 and is expected to reach a valuation of USD 13.82 billion in 2022. The market is expected to reach USD 164.10 billion by 2029 with a CAGR of 42.4% during the forecast period. Growing instances of investments in the healthcare industry by government and private companies for artificial intelligence is projected to observe a positive market progress. Advancement in the fields of medicines, research, innovation, and technology is expected to shape the market course. Use of AI for assistance to medical professionals is expected to aid market development. Fortune Business Insights™ shares this information in its report titled “Artificial Intelligence (AI) in Healthcare Market, 2022-2029.”
Key Industry DevelopmentMarch 2022 – NVIDIA Corporation launched Clara Holoscan MGX, a device that is used to accelerate the innovation in the medical industry. It uses real-time AI.
Request A Sample Copyhttps://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/artificial-intelligence-in-healthcare-market-100534Drivers and RestraintsIntegration of Artificial Intelligence in Healthcare to Fuel Market Progress
Use of artificial intelligence and robotics in diagnosing and treating pharmacological disorders is estimated to drive the Artificial Intelligence (AI) in healthcare market growth. Use of virtual assistant can help in transform delivery of care for improving patient care and help in tracking patient health. In January 2021, Nuance launched a new virtual assistant platform to simplify the use of AI to connect the patients. The new platform addresses the need of the healthcare providers and patients and delivers solutions of care.
However, growing complications, high costs, and data breaches in Artificial Intelligence (AI) in healthcare are anticipated to hamper market development.
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