TMCnet News
$7.98 Billion Artificial Intelligence in Healthcare Market 2017 by Offering, Technology, Application, End-User Industry, and Geography - Global Forecast to 2022 - Research and MarketsResearch and Markets has announced the addition of the "Artificial Intelligence in Healthcare Market by Offering (Hardware, Software and Services), Technology (Deep Learning, Querying Method, NLP, and Context Aware Processing), Application, End-User Industry, and Geography - Global Forecast to 2022" report to their offering. Growing usage of big data in healthcare industry and imbalance between health workforce and patients is expected to drive the growth of the AI in healthcare market The artificial intelligence (AI) in healthcare market was valued at USD 667.1 million in 2016 and is expected to reach USD 7,988.8 million by 2022, at a CAGR of 52.68% between 2017 and 2022. The growth of this market is driven by the growing usage of Big Data in healthcare industry, ability of AI to improve patient outcomes, imbalance between health workforce and patients, reducing the healthcare costs, growing importance on precision medicine, cross-industry partnerships, and significant increase in venture capital investments in AI in healthcare domain. However, reluctance among medical practitioners to adopt AI-based technologies and ambiguous regulatory guidelines for medical software are the major factors restraining the growth of the AI in healthcare market Hardware-which includes GPUs, DSPs, FPGAs, and neuromorphic chips-is expected to grow at the highest rate in the offering segment of AI in healthcare. The GPU, DSP, and FPGA are widely used to implement the deep learning algorithm. In terms of throughput, GPU is faster than FPGA; whereas in the case of power efficiency, FPGA is better than GPU. Keeping these factors in mind, the AI providers choose the hardware accordingly. Owing the factors of Natural Language Processing (NLP) to handle structured and unstructured data are driving the NLP market in AI in healthcare market Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Artificial Intelligence in Healthcare Market, By Offering 8 Artificial Intelligence in Healthcare Market, By Technology 9 Artificial Intelligence in Healthcare Market, By Application 10 Artificial Intelligence in Healthcare Market, By End-User Industry 11 Geographic Analysis 12 Competitive Landscape 13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/w2c8rd/artificial
View source version on businesswire.com: http://www.businesswire.com/news/home/20170524005476/en/ |
