This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities

Portland, OR -- (SBWire) -- 05/22/2018 --Artificial intelligence (AI) can be defined as the science and engineering adopted to design intelligent machines, especially intelligent computer programs. AI is an intelligent system that applies various human intelligence based functions such as reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering. AI is widely applicable in medication management, treatment plans, and drug discovery. The global AI in healthcare market was valued at $1,441 million in 2016, and is estimated to reach at $22,790 million by 2023, registering a CAGR of 48.7% from 2017 to 2023.

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The growth of the global AI in healthcare market is driven by the ability of AI to improve patient outcomes, need to increase coordination between healthcare workforce & patients, increase in adoption of precision medicine, and a notable rise in venture capital investments. In addition, rise in importance of big data in healthcare is expected to fuel the market growth. The market is expected to witness a moderate growth during the forecast period, owing to rise in adoption of AI systems. Furthermore, technological advancements in AI systems are anticipated to augment the market growth. Prospective of AI-based tools for elderly care and the untapped potential of emerging markets, such as China and India, are expected to present various opportunities for market expansion. However, an imprecise regulatory scenario and reluctance among healthcare professionals to adopt AI-based technologies are expected to hamper the market growth.

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Key Finding of Artificial Intelligence In Healthcare Market
-This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
-Market estimations are based on comprehensive analysis of the key developments in the industry.
-The global market is comprehensively analyzed with respect to offering, algorithm, application, end user, and region.
-In-depth analysis based on geography assists in understanding the regional market to assist in strategic business planning.
-The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

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