Europe Artificial Intelligence (AI) in Healthcare Market Segments and Growth by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Europe Artificial Intelligence (AI) in Healthcare Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software Solution, Hardware, and Services), Application (Robot Assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cybersecurity, Dosage Error Reduction, and Others), and End User (Hospitals & Healthcare Providers, Patients, Pharma & Biotech Companies, Healthcare Payers, and Others)

  • Report Date : Mar 2021
  • Report Code : TIPRE00020540
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 205

The artificial intelligence in healthcare market in Europe is expected to grow from US$ 1,368.59 million in 2019 to US$ 36,015.25 million by 2027; it is estimated to grow at a CAGR of 49.3% from 2020 to 2027.



The UK, France, Germany, Spain, and Italy are major economies in Europe. Rising investment in AI healthcare startups is the major factor driving the Europe artificial intelligence in healthcare market. As Artificial Intelligence is among the most important technological developments in healthcare sector, numerous startups are developing AI-driven imaging and diagnostic solutions that are accountable for the growth of the market. The COVID-19 outbreak has significantly promoted the implementation of remote health check-ups using digital tools, delivering clinical services to patients over distance rather than in-person. Moreover, Babylon Health, a UK-based AI chatbot, can competently read, understand, and learn from anonymized, aggregated, and complied medical datasets, patient health records, and the conference notes that clinicians make. The company raised ~US$ 550 million in 2019. Companies are progressively associating with AI startups as incumbents look to startups to help them compete with newer entrants entering the space. Microsoft partners with KenSci, for the development of artificial intelligence and a machine learning-powered risk prediction platform. Moreover, in February 2019, KenSci secured around US$ 22 million in series B financing directed by Polaris Partners, Ignition Partners, Osage University Partners, Mindset Ventures, and new strategic investor UL Ventures. Similarly, NVIDIA collaborates with Paige.AI, which uses AI for cancer pathology. Additionally, Google has teamed up with Suki, an AI-powered, voice-enabled digital assistant for doctors. Therefore, a significant increase in the number of artificial intelligence startups in the healthcare sector is anticipated to positively influence the Europe market growth during the forecast period.

Europe is the worst-hit region after China. As the coronavirus cases increase in the area, many countries are fighting to control the disease's spread. Artificial intelligence (AI) and machine learning represent a crucial part in better knowing and discussing the COVID-19 crisis. Machine learning technology permits computers to mimic human intelligence and ingest large volumes of data to identify patterns and insights quickly. In the fight toward COVID-19, associations have been instantaneous to utilize their machine learning expertise in several areas, such as scaling customer connections and knowing COVID-19 spreads and speeds up research and medication. The researchers recorded an elevated selection and use of AI in scientific and medical research, particularly in applications such as medical diagnosis, telemedicine, epidemiological studies, and clinical management of patients. There was also a shift in approaches towards AI and data distribution. According to the study, the crisis occurred in a comprehensive agreement of robots in the workplace and data distribution to monitor the virus's spread.The initiatives of governments in the region open a window of opportunities for the firms involved in the artificial intelligence for diagnosis market.  

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe artificial intelligence in healthcare market. The Europe artificial intelligence in healthcare market is expected to grow at a good CAGR during the forecast period.

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Europe Artificial Intelligence in Healthcare Market Segmentation  


Europe Artificial Intelligence in Healthcare Market – By Component

  • Software Solution
  • Hardware
  • Services

Europe Artificial Intelligence in Healthcare Market – By Application

  • Robot Assisted Surgery
  • Virtual Assistants
  • Administrative Workflow Assistants
  • Connected Machines
  • Diagnosis
  • Clinical Trials
  • Fraud Detection
  • Cybersecurity
  • Dosage Error Reduction
  • Others

Europe Artificial Intelligence in Healthcare Market – By End User

  • Hospitals & Healthcare Providers
  • Patients
  • Pharma & Biotech Companies
  • Healthcare Payers
  • Others

Europe Artificial Intelligence in Healthcare Market, by Country

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Rest of Europe

Europe Artificial Intelligence in Healthcare Market - Companies Mentioned

  • Alphabet Inc.
  • Arterys Inc.
  • General Electric Company
  • Intel Corporation
  • Johnson and Johnson Services, Inc.
  • Koninklijke Philips N.V.
  • Microsoft Corporation
  • Nuance Communications, Inc.
  • NVIDIA CORPORATION
  • Siemens Healthineers AG

Europe Artificial Intelligence (AI) in Healthcare Report Scope

Report Attribute Details
Market size in 2019 US$ 1,368.59 Million
Market Size by 2027 US$ 36,015.25 Million
Global CAGR (2020 - 2027) 49.3%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Component
  • Software Solution
  • Hardware
  • Services
By Application
  • Robot Assisted Surgery
  • Virtual Assistants
  • Administrative Workflow Assistants
  • Connected Machines
  • Diagnosis
  • Clinical Trials
  • Fraud Detection
  • Cybersecurity
  • Dosage Error Reduction
By End User
  • Hospitals & Healthcare Providers
  • Patients
  • Pharma & Biotech Companies
  • Healthcare Payers
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Alphabet Inc.
  • Arterys Inc.
  • General Electric Company
  • Intel Corporation
  • Johnson and Johnson Services, Inc.
  • Koninklijke Philips N.V.
  • Microsoft Corporation
  • Nuance Communications, Inc.
  • NVIDIA CORPORATION
  • Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
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