Artificial Intelligence Healthcare Market Expected to Grow 47 Percent

Lack of a skilled workforce and stringent rules are expected to restrain the market growth.

By HFT Staff


The artificial intelligence (AI) in healthcare market size is estimated to be $5,983.12 million in 2021 and is expected to witness a compounded annual growth rate (CAGR) of 47.31 percent during the forecast period 2022-2029. The rising dataset complexity and volume of healthcare data, an increase in industry-to-industry alliances and collaborations and advances in processing power are some of the key drivers for the market growth. But a lack of skilled workforce and stringent rules are expected to restrain the market growth. 

Based on offering, the market is segmented into services, hardware and software. In 2021, the software segment accounted for the largest revenue share because of ongoing software innovation that meets the needs of the healthcare industry. 

Based on end user, the market is segmented into healthcare providers, patients, pharmaceutical and biotechnology companies and payers. In 2021, the healthcare providers segment accounted for the largest revenue share owing to rise in the use and applications of AI systems to enhance patient outcomes and maintain EHR and patient records. 



October 24, 2022


Topic Area: Information Technology


Recent Posts

Hospitals Recognized for Sustainability, Resilience Achievements

The 496 healthcare organizations have demonstrated leadership in sustainability, environmental stewardship and climate resilience.


Caravel Autism Health Opens New Therapy Clinic in Missouri

The clinic features colorful, sensory-friendly spaces.


On the Lookout: The Software Supply Chain as a Healthcare Cyberattack Vector

Staying watchful of third-party software vendors and their activities is critical for healthcare cybersecurity.


Hackensack Meridian Health & Wellness Center at Clifton Opens

The Clifton center expands health care access in Passaic County by reducing barriers such as travel and wait times.


Suffolk Breaks Ground on Expansion of White Plains Hospital

The 10-story, approximately 500,000-square-foot expansion is slated to open in 2028.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.