Healthcare IT North America Artificial Intelligen...

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)

Publication Month: Mar 2021 | Report Code: TIPRE00020534 | No. of Pages: 194 | Category: Healthcare IT | Status: Published

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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.

 

The COVID-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.

 

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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

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Artificial Intelligence in Healthcare Market – By Component

1.3.2        North America Artificial Intelligence in Healthcare Market – By Application

1.3.3        North America Artificial Intelligence in Healthcare Market – By End User

1.3.4        North America Artificial Intelligence in Healthcare market – By Country

2.           North America Artificial Intelligence in Healthcare Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Artificial Intelligence in Healthcare – Market Landscape

4.1         Overview

4.2         North America PEST Analysis

4.3         Expert Opinions

5.           North America Artificial Intelligence in Healthcare Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Usage of Artificial Intelligence (AI) in Healthcare Industry

5.1.2        AI Healthcare Start ups Funding Getting Increased

5.1.3        Growing Cross-Industry Alliances and Partnerships

5.2         Market Restraints

5.2.1        Lack of Skilled AI Workforce and Inaccurate Regulatory Standards for Medical Software

5.3         Future Trends

5.3.1        AI in Epidemic Outbreak Prediction and Response

5.4         Impact Analysis

6.           Artificial Intelligence in Healthcare Market – North America Analysis

6.1         North America Artificial Intelligence in Healthcare Market Revenue Forecast and Analysis

7.           North America Artificial Intelligence in Healthcare Market Analysis – By Component

7.1         Overview

7.2         North America Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)

7.3         Software Solution

7.3.1        Overview

7.3.2        Software Solution: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Hardware

7.4.1        Overview

7.4.2        Hardware: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Services

7.5.1        Overview

7.5.2        Services: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.           North America Artificial Intelligence in Healthcare Market Analysis – By Application

8.1         Overview

8.2         North America Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)

8.3         Robot Assisted Surgery

8.3.1        Overview

8.3.2        Robot Assisted Surgery: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Virtual Assistants

8.4.1        Overview

8.4.2        Virtual Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Administrative Workflow Assistants

8.5.1        Overview

8.5.2        Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Connected Machines

8.6.1        Overview

8.6.2        Connected Machines: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Diagnosis

8.7.1        Overview

8.7.2        Diagnosis: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.8         Clinical Trials

8.8.1        Overview

8.8.2        Clinical Trials: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.9         Fraud Detection

8.9.1        Overview

8.9.2        Fraud Detection: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.10      Cybersecurity

8.10.1     Overview

8.10.2     Cybersecurity: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.11      Dosage Error Reduction

8.11.1     Overview

8.11.2     Dosage Error Reduction: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

8.12      Others

8.12.1     Overview

8.12.2     Others: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Artificial Intelligence in Healthcare Market Analysis – By End User

9.1         Overview

9.2         North America Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)

9.3         Hospitals & Healthcare Providers

9.3.1        Overview

9.3.2        Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

9.4         Patients

9.4.1        Overview

9.4.2        Patients: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

9.5         Pharma and Biotech Companies

9.5.1        Overview

9.5.2        Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

9.6         Healthcare Payers

9.6.1        Overview

9.6.2        Healthcare Payers Market: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)

9.7         Others

9.7.1        Overview

9.7.2        Others: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)

10.        North America Artificial Intelligence in Healthcare Market – Country Analysis

10.1      Overview

10.1.1     North America: Artificial Intelligence in Healthcare Market, by Country, 2019 & 2027 (%)

10.1.2     US: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.2.1       US: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.2.2       US: Artificial Intelligence in Healthcare Market, by Component, 2018–2027 (USD Million)

10.1.2.3       US: Artificial Intelligence in Healthcare Market, by Application, 2018–2027 (USD Million)

10.1.2.4       US: Artificial Intelligence in Healthcare Market, by End User, 2018–2027 (USD Million)

10.1.3     Canada: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.1       Canada: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.2       Canada: Artificial Intelligence in Healthcare Market, by Component , 2018–2027 (USD Million)

10.1.3.3       Canada: Artificial Intelligence in Healthcare Market, by Application, 2018–2027 (USD Million)

10.1.3.4       Canada: Artificial Intelligence in Healthcare Market, by End User, 2018–2027 (USD Million)

10.1.4     Mexico: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.1       Mexico: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.2       Mexico: Artificial Intelligence in Healthcare Market, by Component, 2018–2027 (USD Million)

10.1.4.3       Mexico: Artificial Intelligence in Healthcare Market, by Application, 2018–2027 (USD Million)

10.1.4.4       Mexico: Artificial Intelligence in Healthcare Market, by End User, 2018–2027 (USD Million)

11.        Impact of COVID-19 Pandemic on North America Artificial Intelligence in Healthcare Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Artificial Intelligence (AI) in Healthcare Market –Industry Landscape

12.1      Overview

12.2      Growth Strategies in the Artificial Intelligence in Healthcare Market, 2019-2020

12.3      Inorganic Growth Strategies

12.3.1     Overview

12.4      Organic Growth Strategies

12.4.1     Overview

13.        Company Profile

13.1      General Electric Company

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Alphabet Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Intel Corporation

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Koninklijke Philips N.V.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Microsoft Corporation

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      NVIDIA CORPORATION

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Nuance Communications, Inc.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Siemens Healthineers AG

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Arterys Inc.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Johnson and Johnson Services, Inc.

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About the Insight Partners

             14.2      Glossary of Terms, Artificial Intelligence in Healthcare Market

LIST OF TABLES

Table 1.             US Artificial Intelligence in Healthcare Market, by Component – Revenue and Forecast to 2027 (USD Million)

Table 2.             US Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 3.             US Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 4.             Canada Artificial Intelligence in Healthcare Market, by Component – Revenue and Forecast to 2027 (USD Million)

Table 5.             Canada Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 6.             Canada Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 7.             Mexico Artificial Intelligence in Healthcare Market, by Component – Revenue and Forecast to 2027 (USD Million)

Table 8.             Mexico Artificial Intelligence in Healthcare Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 9.             Mexico Artificial Intelligence in Healthcare Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 10.          Recent Inorganic Growth Strategies in the Artificial Intelligence in Healthcare Market

Table 11.          Recent Organic Growth Strategies in the Artificial Intelligence in Healthcare Market

Table 12.            List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Artificial Intelligence in Healthcare Market Segmentation

Figure 2.           North America Artificial Intelligence in Healthcare Market Segmentation, By Country

Figure 3.           North America Artificial Intelligence in Healthcare Market Overview

Figure 4.           Robot Assisted Surgery Segment by Application Segment Expected to Witness Rapid Growth

Figure 5.           US to Show Significant Growth During Forecast Period

Figure 6.           North America Artificial Intelligence in Healthcare Market, Industry Landscape

Figure 7.           Artificial Intelligence in Healthcare Market in North America: PEST Analysis

Figure 8.           North America Artificial Intelligence in Healthcare Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Artificial Intelligence in Healthcare Market – Revenue Forecast and Analysis – 2019- 2027

Figure 10.        North America Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)

Figure 11.        North America Software Solution: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        North America Hardware: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Services: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        North America Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)

Figure 15.        North America Robot Assisted Surgery: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        North America Virtual Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        North America Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027  (US$ Million)

Figure 18.        North America Connected Machines: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Diagnosis: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        North America Clinical Trials: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        North America Fraud Detection: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America Cybersecurity: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        North America Dosage Error Reduction: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        North America Others: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        North America Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)

Figure 26.        North America Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        North America Patients: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        North America Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027  (US$ Million)

Figure 29.        North America Healthcare Payers: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)

Figure 30.        North America Others: Artificial Intelligence in Healthcare Market– Revenue and Forecast to 2027 (US$ Million)

Figure 31.        North America: Artificial Intelligence in Healthcare Market, by Key Country – Revenue (2019) (USD Million)

Figure 32.        North America: Artificial Intelligence in Healthcare Market, by Country, 2019 & 2027 (%)

Figure 33.        US: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

Figure 34.        Canada: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

Figure 35.        Mexico: Artificial Intelligence in Healthcare Market – Revenue and Forecast to 2027 (USD Million)

Figure 36.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 37.           Growth Strategies in the Artificial Intelligence in Healthcare Market, 2019-2020

  1. Alphabet Inc.
  2. Arterys Inc.
  3. General Electric Company
  4. Intel Corporation
  5. Johnson and Johnson Services, Inc.
  6. Koninklijke Philips N.V.
  7. Microsoft Corporation
  8. Nuance Communications, Inc.
  9. NVIDIA CORPORATION
  10. Siemens Healthineers AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America artificial intelligence in healthcare market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America artificial intelligence in healthcare market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the artificial intelligence in healthcare market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00020534
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