AI in Healthcare Market

1. AI in Healthcare Market Report - Global Industry Analysis, Development, Scope, Share, Trends, Forecast to 2031 There is an increasing need by healthcare organizations to implement solutions that effectively improve treatment outcomes, manage rising costs, and navigate through the demands confronting the sprawling healthcare system. AI technology in healthcare is being increasingly adopted owing to its benefits such as reducing time and error costs in the drug discovery process, providing virtual assistance to patients, and improving the accuracy of diagnosis with medical imaging and diagnostic procedures. AI is also been adopted in many advanced cases in oncology to help detect abnormalities in X-rays and MRIs; in genomics – to perform complex processing, and in precision medicine to provide assistance in creating highly customized treatments for individual patients. The global AI in healthcare market was pegged at ~US$ 5.07 billion in 2020. The market is expected to witness a CAGR of ~41% from 2021 to 2031. Benefits provided by AI in the healthcare sector in terms of time, errors, and cost; growing adoption of precision medicine; government initiatives; and application of AI in diagnosis and robotic surgeries are some of the pivotal factors propelling the growth of AI in the healthcare market. However, factors such as ethical issues related to AI and lack of a skilled AI workforce are likely to restrain the market growth to a certain extent. To access the Sample PDF of this research study, please request here: https://growthplusreports.com/inquiry/request-sample/hiv-drugs-market/7792 However, safety concerns regarding data privacy are expected to restraint the market to a certain extent. Despite the powerful capabilities that AI can offer, some physicians are skeptical about using AI in healthcare, especially in roles that can impact a patient’s health. Ethical challenges such as informed consent to the use, safety and transparency, algorithmic fairness and biases, and data privacy are expected to limit the adoption of AI in healthcare, thereby hampering the growth of the market. Key Players: •Intel Corporation •IBM •Microsoft •Siemens Healthcare Private Limited

2. •Koninklijke Philips N.V •Medtronic •General Electric •Johnson & Johnson Services, Inc •Precision Health AI •Micron Technology, Inc., among others AI in Healthcare Market by Technology •Machine Learning •Context-Aware Computing •Natural Language Processing By Application •Robot-Assisted Surgery •Virtual Nursing Assistants •Administrative Workflow Assistance •Dosage Error Reduction •Preliminary Diagnosis Browse the full report now: https://growthplusreports.com/report/ai-in- healthcare-market/7613 About Us: Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association). Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success. We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.