Healthcare Artificial Intelligence Market Study by Competitive Analysis and Future Prospects to 2026

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Healthcare Artificial Intelligence Market by
Growth Opportunities and Regional Forecast to 2026

• The emergence of AI-enabled virtual assistant
  solutions across various domains has now enabled
  the global healthcare artificial intelligence
  market to record massive gains in the years to
  come. Increased application of telemedicine
  integrated with AI for facilitating remote
  services to patients residing in less-developed
  areas has instigated the adoption of artificial
  intelligence solutions in healthcare sector.
  According to Global Market Insights, Inc.,
  Healthcare Artificial Intelligence market size is
  projected to surpass USD 21.0 billion with an
  appreciable growth rate of 43.7 through 2026.
• Growing need to minimize fraud and improve
  security in healthcare for better delivery of
  quality care is fueling the adoption of advanced
  healthcare AI solutions. In addition,
  incorporation of advanced technologies and
  consolidation of healthcare processes is also
  fostering the business growth.

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• With regards to application bifurcation, virtual
  assistants segment across healthcare AI market,
  is estimated to register a valuation of USD 2.9
  billion with a significant growth rate of 42.4
  through 2026. The growth can be attributed to
  numerous advantages associated with virtual
  assistants such as increased healthcare quality,
  patient satisfaction, and patient outcome with
  fewer employees.

• Moreover, introduction of new AI based virtual
  assistant solutions will complement the segment
  growth further. Citing an instance, in 2017,
  Nuance Communications launched AI powered virtual
  assistant system for healthcare providers. Also,
  the companys Dragon Medical Virtual Assistant
  provides conversational dialogues along with
  automation of high value clinical workflows using
  pre-built competences.

• According to the company, this latest AI solution
  automatically detects finding suggesting
  compression fractures which allow clinicians to
  place patients at risk of osteoporosis in
  treatment pathways for preventing potentially
  life-changing fracture.

• Reportedly, as a first step towards the new
  partnership, the two companies are looking
  forward to make use of a virtual or decentralized
  research model which will allow patients to
  participate from home in order to evaluate an
  investigational treatment for major depressive
  disorder (MDD) in a clinical trial.

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• Regional Analysis

• Asia Pacific healthcare artificial intelligence
  market is projected to observe a substantial
  growth rate of 46.3 through 2026 owing to the
  heightened demand for improved healthcare
  services and infrastructure due to the presence
  of large patient pool in the region. Moreover,
  ongoing research activities in Japan towards
  development of new artificial intelligence-based
  solutions will open new growth avenues for the
  industry over the stipulated time frame.
  Similarly, developments pertaining to big data
  analysis and growing usage of artificial
  intelligence in healthcare sector across China
  will also add to the business growth in the
  ensuing years.

• Competitive Analysis

• Apart from the afore-mentioned segments,
  consistent efforts by major industry players
  operating in healthcare artificial intelligence
  industry such as IBM Watson Health, NVIDIA
  Corporation, AiCure, Modernizing Medicine, Sophia
  Genetics, etc. are also playing key role in
  enhancing the business growth.

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