Artificial Intelligence (AI) in Hospital Management Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Artificial Intelligence (AI) in Hospital Management Market?
The artificial intelligence (AI) in hospital management market is poised for growth fueled by the increasing use of remote patient monitoring systems. These systems employ modern technology to facilitate healthcare professionals in consistently observing and managing a patient’s health data remotely. They boost patient care by providing real-time information, timely interventions, and heightened patient engagement. AI in hospital management amplifies remote patient monitoring through superior data analytics, foresight, and individualized treatment suggestions, thereby enhancing patient results and operational efficiencies. For instance, a recent study indicated that in August 2023, Vivalink, a US-based healthcare tech firm, noted a 305% usage increase of RPM by clinicians — 81% usage in comparison to a 20% rate in 2021. Additionally, 84% of respondents already using RPM plan on escalating its usage in 2024. Consequently, the escalating adoption of remote patient monitoring systems is propelling the growth of AI in the hospital management market.
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#What is the Growth Potential of the Artificial Intelligence (AI) in Hospital Management Market, and How Will It Perform by 2034?
The market for artificial intelligence in hospital management has experienced significant expansion recently. It is projected to increase from $3.32 billion in 2024 to $3.94 billion in 2025, with a compound annual growth rate of 18.8%. This growth during the historical period is largely due to factors such as the reduction in hardware costs, the proliferation of AI startups, enhancements in healthcare IT infrastructure, boosted government initiatives, and the expansion of telemedicine.
In the coming years, the market size for artificial intelligence (AI) in hospital management is anticipated to experience significant growth. By 2029, it is projected to expand to $7.77 billion, with a compound annual growth rate (CAGR) of 18.5%. This growth during the forecast period can be connected to the increasing need to decrease healthcare expenses, improve patient results, minimize medical mistakes, enhance the AI’s ability to identify fraudulent actions and billing discrepancies, and streamline AI in clinical trial procedures. Key trends expected during this period involve integrating AI in imaging apparatus, implementing predictive analytics, employing AI-driven virtual assistants, applying real-time analytics, and introducing AI-enhanced wearable gadgets.
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What New Market Trends Are Reshaping theArtificial Intelligence (AI) in Hospital Management Market and Its Opportunities?
In the AI for hospital management sector, main firms are developing AI-integrated platforms, aiming to augment the precision and productivity of hospital operations, patient-centered care, and official duties. These platforms, empowered by AI, scrutinize data and streamline processes; thus, facilitating hospital management to boost operational output, patient care, and decision-making process. For example, in October 2023, ZS Associates, an American organization providing management consulting services, introduced ZAIDYN Connected Health. This is an AI-driven platform designed to heighten patient engagement and enhance health outcomes via custom-tailored interventions and information-centric insights. The system covers three crucial elements—health insights, patient engagement, and connected research—combined together to meet unmet needs and refine care.
Who Are the Leading Market Players Fueling Growth in the Artificial Intelligence (AI) in Hospital Management Market Trend?
Major companies operating in the artificial intelligence (AI) in hospital management market are Google LLC, McKesson Corporation, Microsoft Corporation, Amazon Web Service, Johnson & Johnson Services Inc., Intel Corporation, Accenture plc, International Business Machines Corporation, Oracle Corporation, Medtronic plc, SAP SE, Micron Technology Inc., Nvidia Corporation, Capgemini SE, Siemens Healthineers AG, Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Zebra Medical Vision, Infor Inc., Change Healthcare, Epic Systems Corporation, Nuance Communications Inc., Veradigm Inc., Corti ApS
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How is the Global Artificial Intelligence (AI) in Hospital Management Market Segemented?
The artificial intelligence (AI) in hospital management market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Technology: Computer Vision, Context-Aware Computing, Machine Learning, Natural Language Processing
3) By Deployment: Cloud-Based, On-Premises
4) By Application: Patient Care Management, Administrative Processes, Diagnostic Imaging And Radiology, Drug Discovery, Other Applications
5) By End-User: Healthcare Payers, Hospital And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Other End-Users
Subsegments:
1) By Software: AI-Based Clinical Decision Support Systems (CDSS), Patient Management Software, Medical Imaging Software, Natural Language Processing (NLP), Administrative Software, Population Health Management Software, AI-Driven Cybersecurity Tools
2) By Hardware: AI Servers, Wearables and IoT Devices, Medical Imaging Devices, Robotics Systems, AI Chips and Processors, Healthcare Robotics Hardware
3) By Services: AI Consulting Services, AI System Integration Services, AI Maintenance and Support Services, AI Training and Education Services, Managed AI Services, Analytics as a Service (AaaS)
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Which Geographics are Influencing the Growth of the Artificial Intelligence (AI) in Hospital Management Market?
North America was the largest region in the artificial intelligence (AI) in hospital management market in 2024. The regions covered in the artificial intelligence (AI) in hospital management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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