Understanding the Artificial Intelligence In Medicine Market’s Growth Prospects from 2024 to 2033
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What is the Expected Growth Rate of the Artificial Intelligence In Medicine Market from 2024 to 2033?
The artificial intelligence in medicine market reached $11.19 billion in 2024 from $8.01 billion in 2023 at a CAGR of 39.8%, with growth attributed to a focus on patient care, a shortage of healthcare providers, more skilled professionals, and enhanced AI processing power.
Artificial intelligence in medicine is set to grow to $42.11 billion by 2028 at a CAGR of 39.3%, fueled by chronic disease prevalence and digital transformation. Trends include medical robots, AI in drug discovery, and precision medicine advancements.
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What Key Factors Are Fueling the Growth of the Artificial Intelligence In Medicine Market?
The growing interest in real-time remote patient monitoring (RPM) systems is expected to spur the growth of artificial intelligence in the medicine market. RPM systems, driven by AI, provide healthcare professionals with extensive data to predict outcomes and offer personalized care. A survey by Vivalink showed that the use of RPM increased by 305% from 2021 to 2022, from 20% to 81% among clinicians. This growing interest in RPM systems is driving the use of AI in the medicine market.
What Are the Major Segments of the Artificial Intelligence In Medicine Market?
1) By Type: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Processing, Computer Vision
3) By Application: Medical Administration And Support, Patient Management, Research And Development, Other Applications
4) By End User: Hospitals, Clinics, Research Institutions
What New Trends Are Transforming the Artificial Intelligence In Medicine Market?
Major companies in the artificial intelligence in medicine market are focusing on solutions like AI-powered platforms to provide more reliable services. For instance, in April 2023, OM1, a US-based digital health company, launched PhenOM, an AI-powered platform that uses real-world data to analyze patient data, predict risks, and guide treatment decisions. It helps identify unique digital phenotypes associated with conditions and outcomes, informing personalized treatment strategies.
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Which Regions Are Driving Growth in the Artificial Intelligence In Medicine Market?
North America was the largest region in the artificial intelligence in medicine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in medicine market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Artificial Intelligence In Medicine Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the artificial intelligence in medicine market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Artificial Intelligence In Medicine Market Include
1. Artificial Intelligence In Medicine Market Executive Summary
2. Artificial Intelligence In Medicine Market Segments
3. Artificial Intelligence In Medicine Market Size And Template Market Growth Rate
4. Key Artificial Intelligence In Medicine Market Trends
5. Major Artificial Intelligence In Medicine Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence In Medicine Market
26. Top Artificial Intelligence In Medicine Companies
27. Artificial Intelligence In Medicine Market Opportunities And Strategies
28. Artificial Intelligence In Medicine Market, Conclusions And Recommendations
29. Appendix
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