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Tremendous Opportunities in Artificial Intelligence in Medicine Market 2019 Development Trend and Forecast with Top Players | Welltok, Inc., Intel…

November 18th, 2019 4:44 am

According to the report, the global artificial intelligence (AI) in medicine market generated $719 million in 2017 and is expected to garner $18.12 billion by 2026, growing at a CAGR of +49.6% during the forecast period.

The growth of global artificial intelligence (AI) in the medical market is driven by a surge in AI functioning due to increased processing capacity, the need to compensate for the lack of skilled professionals in health care, and increased awareness of the importance of personalized medicine. . But the limitations of AI in decision making and the slow acceptance of AI by healthcare professionals hinder market growth. Nevertheless, as the adoption of AI technology increases in developing countries, it will soon be a lucrative opportunity for players in emerging markets.

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Companies Profiled in this Report Includes:Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., BioXcel Corporation, and Berg Health.

Increased investment in pharmaceutical and biotechnology companies for Artificial Intelligence in Medicine and the growing number of patients requiring organ transplantation are key factors supporting the growth of the Artificial Intelligence in Medicine market worldwide. In addition, animal research and testing bans are expected to drive Artificial Intelligence in Medicine across a variety of applications. However, high initial investment can inhibit market growth. In addition, the development of Artificial Intelligence in Medicine for making customized cosmetics will provide growth opportunities for the market in the near future.

The key questions answered in the report:

The global Artificial Intelligence in Medicine market is classified as technology, application and end user. By technology, the market is classified as extracellular matrix, bioreactor, gel, scaffold free platform and microchip. Depending on the application, the market is subdivided into research, drug discovery, tissue engineering, clinical applications and stem cell biology. End users are also divided into laboratories and laboratories, biotechnology and biopharmaceutical industries, and hospitals and diagnostic centers.

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A viable analysis of the Artificial Intelligence in Medicine market has also been provided in this statistical report in which the outlines of the key market players have been studied thoroughly to regulate the markets hierarchy. As per the research report, the market is greatly uneven and competitive due to the number of participants. This research study is intended to give a clear picture of the Artificial Intelligence in Medicine market to the readers in order to benefit them in gaining a better understanding of this market.

Globally, Europe, Asia-Pacific, North America, Middle East & Africa and Latin America are the geographical regions of the market for agricultural impetus. This Artificial Intelligence in Medicine market report also elaborates on the drivers, restraints and opportunities of the market in the present and forthcoming years.

Objectives of this research report:

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