LUTON, Bedfordshire, UK, March 18, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the in-depth research report on the Healthcare AI market.

The The global healthcare AI market is growing at a CAGR of 42% and is projected to reach US$169.7 billion during the forecast period till 2029

The Healthcare AI market is a rapidly growing segment of the healthcare industry, driven by the increasing use of artificial intelligence (AI) in medical research, diagnostics and patient care. AI refers to the simulation of human intelligence in machines programmed to perform tasks that typically require human intelligence, such as cognition, reasoning, and learning.

The healthcare AI market can be segmented on the basis of technology, application, and geography. Technology segments include machine learning, natural language processing, computer vision, and others. Application segments include medical imaging and diagnostics, drug discovery and research, electronic health records (EHRs), patient monitoring and care, and others.

The global healthcare AI market is expected to grow significantly over the next few years, driven by factors such as the increasing adoption of big data in healthcare, the growing need for personalized medicine, and the rising prevalence of chronic diseases. The North American region is expected to be the largest market for AI in healthcare due to the presence of several key players in the region as well as increasing adoption of AI in healthcare.

However, the healthcare AI market faces several challenges, including high implementation costs, privacy concerns, and regulatory hurdles. Nonetheless, the market is expected to continue growing and providing innovative solutions for the healthcare industry.

The main competitors on the world market are:
Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM…