North America Artificial Intelligence (AI) in Healthcare Market Opportunities by 2027

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

North America 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 : TIPRE00020534

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 194

Page Updated: Mar 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The artificial intelligence in healthcare market in North America is expected to grow from US$ 1,605.67 million in 2019 to US$ 44,056.97 million by 2027; it is estimated to grow at a CAGR of 50.1% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Growing usage of artificial intelligence in healthcare industry is the major factor driving the North America artificial intelligence in healthcare market. Artificial intelligence (AI) in healthcare sector is intended to considerably change clinicians' roles and everyday practices by accomplishing and analyzing data, make decisions, and conduct discussions. AI application in healthcare is getting progressively sophisticated, efficient, quicker, and at a lower cost.

Owing to the tremendous potential of AI and robotics in healthcare sector, they are gradually becoming a major part of the healthcare ecosystem. According to a CB Insights Report in 2020, ~86% of the healthcare providers, life science companies, and technology vendors depend on artificial intelligence technologies.

The complexities related to interpreting images and conducting analysis result in the adoption of AI-based applications. With deep learning programs and expertise categorization, AI-based imaging systems are equipped with quick image reading algorithms, which further includes MRIs and CT scans. The system helps doctors and healthcare professionals to improve performance with better diagnostics and proves to be a vital tool in combating the shortage of radiologists in the hospital. Additionally, AI upsurges healthcare professionals' capability to understand better the day-to-day patterns and needs of the people they care for. With that understanding, they can provide better responses, guidance, and support for staying healthy.

TheCOVID-19 is having a very devastating impact over the North America region.AI is an indispensable tool to promote public health experts to keep people safe and notified of the coronavirus pandemic. Artificial intelligence (AI) is converting as a robust tool for tracking and handling COVID-19 in the U.S. and across. Numerous U.S. institutions are designing the latest AI technology or using established technology to diagnose, monitor, and treat the novel coronavirus. For instance, HealthMap, an AI application developed by Boston Children’s Hospital. It was one of the first tracking tools to diagnose the COVID-19 outbreak. This original discovery helps doctors quickly triage patients to the suitable level of care even before a COVID-19 diagnosis is validated.Similarly, Facebook AI is entered into a partnership with academic researchers and other specialists on various initiatives associated with COVID-19. Moreover, in October 2020, Facebook AI launched their COVID-19 Community Help hub as a source to request people to help the patients. Also, they have added an innovative AI-powered matching feature for quick and easy connection of people and offering the required type of assistance.AI has enormous potential for analyzing large quantities of data rapidly, a feature that can significantly impact a situation such as a pandemic.

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 North America artificial intelligence in healthcare market. The North America artificial intelligence in healthcare market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Artificial Intelligence in Healthcare Market Segmentation

North America Artificial Intelligence in Healthcare Market – By Component

Software Solution
Hardware
Services

North America 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

North America Artificial Intelligence in Healthcare Market – By End User

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

North America Artificial Intelligence in Healthcare Market, by Country

US
Canada
Mexico

North America 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

North America Artificial Intelligence (AI) in Healthcare Report Scope

Report Attribute	Details
Market size in 2019	US$ 1,605.67 Million
Market Size by 2027	US$ 44,056.97 Million
Global CAGR (2020 - 2027)	50.1%
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	North America US Canada Mexico
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

Research Manager

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.

What are the North America Artificial Intelligence (AI) in Healthcare Market report deliverables?

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
Excel Dataset

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