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The global artificial intelligence (AI) in medicine market was valued at $719 million in 2017 and is estimated to reach $18,119 million at a CAGR of 49.6% from 2018 to 2025. AI is an intelligent system that applies various human intelligence-based functions such as reasoning, learning, and problem-solving skills. AI technology uses software and different algorithms in the field of pharmaceuticals to support the decision-making processes for existing drugs and repurposing drugs to treat other conditions, along with accelerating the clinical trials process by finding the right patients from several data sources.

Major Key Players of the Artificial Intelligence in Medicine Market are:InSilico Medicine, Globavir Biosciences, GNS Healthcare, Flatiron Health, Benevolent AI, Atomwise, Verge Genomics, Cloud Pharmaceuticals, and Recursion Pharmaceuticals.

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Shortage of skilled healthcare professionals and increase in the processing power of AI systems that is projected to help improve the efficiency of drug discovery and management of clinical trials majorly drive the growth of the global artificial intelligence in medicine market. Furthermore, the growth in importance of precision medicine and rise in funding of the R&D activities for the use of AI technology in the field of medicine are expected to fuel the market growth. However, limited acceptance from healthcare professionals and limitations of AI decision-making can impede the market growth. Untapped market opportunities available in developing regions such as India and China help to open new avenues for the growth of the artificial intelligence in medicine market in future.

The global artificial intelligence in medicine market is segmented based on product type, technology, application, and region. Based on product type, the market is segmented into hardware, software, and service. Based on technology, the market is classified into deep learning, querying method, natural language processing, and context aware processing. Based on application, the market is categorized into drug discovery & repurposing, clinical research trial, personalized medicine, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major Types of Artificial Intelligence in Medicine Market covered are:Deep Learning, Querying MethodNatural Language ProcessingContext Aware Processing

Major Applications of Artificial Intelligence in Medicine Market covered are:Drug Discovery & RepurposingClinical Research TrialPersonalized Medicine, and Others

Research objectives:-

To study and analyze the global Artificial Intelligence in Medicine consumption (value & volume) by key regions/countries, product type and application, history data. To understand the structure of the Artificial Intelligence in Medicine market by identifying its various sub-segments. Focuses on the key global Artificial Intelligence in Medicine manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years. To analyze the Artificial Intelligence in Medicine with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.5 Market by Application1.6 Study Objectives1.7 Years Considered

2 Global Growth Trends2.1 Artificial Intelligence in Medicine Market Size2.2 Artificial Intelligence in Medicine Growth Trends by Regions2.3 Industry Trends

3 Market Share by Key Players3.1 Artificial Intelligence in Medicine Market Size by Manufacturers3.2 Artificial Intelligence in Medicine Key Players Head office and Area Served3.3 Key Players Artificial Intelligence in Medicine Product/Solution/Service3.4 Date of Enter into Artificial Intelligence in Medicine Market3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product4.1 Global Artificial Intelligence in Medicine Sales by Product4.2 Global Artificial Intelligence in Medicine Revenue by Product4.3 Artificial Intelligence in Medicine Price by Product

5 Breakdown Data by End User5.1 Overview5.2 Global Artificial Intelligence in Medicine Breakdown Data by End User

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In the end, Artificial Intelligence in Medicine industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Artificial Intelligence in Medicine Market Advanced Technology and New Innovations by 2025 InSilico Medicine, Globavir Biosciences - PRnews Leader

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