Global Artificial Intelligence in Medicine Market

Artificial Intelligence is the ability of a digital computer or a robot to do things commonly done by intelligent beings. It is used with developing systems which have the human intellectual process like reasoning, learning from experience, discovering meaning. To provide better healthcare to patients, artificial intelligence in medicine is the next big thing.AI can store and process large amounts of data and convert that information into system tools.AI infuses the healthcare system with new insights, which make life a lot easier for humans

End User/Technology

Python is used for making AI for a wide range of uses like General AI, Machine Learning,Natural Language Processing and Neural Networks.There are 10 most demanded AI technologies.They are Natural Language Generation-used to produce text from large data set.Speech Recognition is used to convert human speech into actionable data of the computer.Virtual agents like chatbots and smart home system are being widely usedMachine Learning Platforms to deploy models.

Market Dynamics

The growing patient pool,adoption of cloud computing and government initiatives favouring AI.Label problem,deployment problem and fear around regulation are three main issues when incorporating AI in medicine. There are instances where, the AI is unable to detect the correct course of life-saving treatment, although such a treatment would have been deployed, had a human been in charge. With the aid of deep learning, efforts are going on to get insights from large volumes of data and put them to practical use.

Market segmentation

Based on technology:

--> Machine Learning

--> Natural Language Processing

--> Image Processing

--> Speech Recognition

Based on geography

--> Asia-Pacific

--> Europe

--> North America

--> Rest of The World

Based on Application

--> Government and Defence

--> Therapeutics

--> Research and Development

--> Others

Regional/Geographic Analysis

Asia-Pacific artificial intelligence market is to grow at a CAGR of 46% from 2016 to 2022.The two biggest economies-China and India are growing very fast.Coupled with the rise in income of middle-class and affordable internet via smartphones, they are embracing AI in medicine. In the US,GE and Nvidia have joined hands to accelerate the use of Artificial Intelligence in Medicine market.Nuance communications have also opened a medical imaging with AI called Nuance AI Marketplace for Diagnostic Imaging. A majority of GCC countries are willing to replace doctors with AI and robots. Clinical workforce shortage and Tech savvy young population are the reasons for this change.

Key Players

--> Google

--> IBM

--> Microsoft

--> Intel

--> Baidu

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage