AI process the medical domain.

Artificial intelligence in medicines market was valued at $719 million in 2017 and is estimated to reach $18,119 million at a CAGR of 49.6% from 2018 to 2025.

Artificial intelligence (AI) in medicine is used to analyze complex medical data by approximating human cognition with the help of algorithms and software.

The major factors that drive the growth of the AI in medicine market include dearth of skilled healthcare professionals and increase in the processing power of AI systems that is estimated to help improve the efficiency of drug discovery and management of clinical trials.

Product Type Segment Review

The market is segmented into hardware, software, and service. The software segment occupied the highest share in 2017, owing to continuous software innovation that caters to the requirement in the healthcare sector.

Technology Segment Review

It is classified into deep learning, querying method, natural language processing, and context aware processing. The natural language processing segment accounted for the highest share in 2017 as this technology in frequently used during various applications such as drug discovery and clinical trial identification.

Key Geographical Segment

The artificial intelligence in medicine market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2017 and is expected to retain its dominance throughout the forecast period owing to the availability of capital investments and increase in adoption of AI technology.

key players operating in the global artificial intelligence in medicine market include

Welltok, Inc.

Intel Corporation

Nvidia Corporation

Google Inc.

IBM Corporation

Microsoft Corporation

General Vision, Inc.

Enlitic, Inc.

BioXcel Corporation

Berg Health.

Key Benefits

• Entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities.
• Market estimations are based on a comprehensive analysis of the key developments in the industry.
• The global market is comprehensively analyzed with respect to product type, technology, application, and region.
• In-depth analysis based on region assists to understand the regional market to assist in strategic business planning.

Artificial Intelligence in Medicine Market Key Segments:

By Product Type

Hardware

Software

Service

By Technology

Deep Learning

Querying Method

Natural Language Processing

Context Aware Processing

By Application

Drug Discovery & Repurposing (Preclinical Phase)

Clinical Research Trial

Personalized Medicine

Others

By Region

North America

U.S.

Canada

Mexico

Europe

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