Use of Artificial Intelligence in Healthcare Industry will Revolutionize The Global Market by 2025

Global artificial intelligence in healthcare market has drastically improved management functions for the healthcare sector. It has ardently worked toward reducing the gap between patients and healthcare practitioners over the years. Analysts expect that the market is also expected to rise due to increasing government spending on healthcare sector and development of sophisticated healthcare applications by private companies. Incorporation of artificial intelligence is aimed at improving the discrepancies in patient care.

In 2018, the global artificial intelligence in healthcare market stood at US$1 bn approximately and is expected to surge to US$15 bn approximately by the end of 2025. During the forecast years of 2019 and 2025, the market is projected to exhibit a CAGR of over 4%.

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The global Artificial Intelligence in Healthcare market is expected to surge at a steady CAGR in the coming years, states the latest QY Research report. The publication offers an insightful take on the historical data of the market and the milestones it has achieved. The report also includes an assessment of current market trends and dynamics, which helps in mapping the trajectory of the global Artificial Intelligence in Healthcare market. Analysts have used Porter’s five forces analysis and SWOT analysis to explain the various elements of the market in absolute detail. Furthermore, it also studies the socio-economic factors, political changes, and environmental norms that are likely to affect the global Artificial Intelligence in Healthcare market.

The research report is committed to giving its readers an unbiased point of view of the global Artificial Intelligence in Healthcare market. Thus, along with statistics, it includes opinions and recommendation of market experts. This allows the readers to acquire a holistic view of the global market and the segments therein. The research report includes the study of the market segments on the basis of type, application, and region. This helps in identifying segment-specific drivers, restraints, threats, and opportunities.

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