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The Market for Artificial Intelligence (AI) in Healthcare

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SKU: 19-042 Categories: Healthcare Information Technology, Healthcare Market Research Tags: AI Drug Discovery & Development Market, AI Healthcare Market, AI Healthcare Risk Analytics and Cybersecurity Markets, AI Healthcare Workflow Solutions Market, AI Imaging, AI Population Health Market, Artificial Intelligence (AI) in Healthcare Market, Diagnostics and Disease Management Market Pages: 142
  • Description
  • Table of Contents
  • Latest reports

Description

Issues facing the healthcare industry are challenging and complex, including staff reductions, increased service demands and funding cuts. It is not surprising then that many are looking to the advanced solutions that artificial intelligence (AI) can offer in this realm. Kalorama Information’s report, The Market for Artificial Intelligence (AI) in Healthcare, quantifies the opportunity and future market opportunity for AI in healthcare, already an almost two-billion-dollar market, with applications in workflow and population health, drug discovery and emerging applications in diagnostics and other areas:

  • Global AI in Healthcare Market, 2019-2024
  • Global AI Market and Healthcare AI Performance Expectations, 2019 and 2024 ($ Millions)
  • Market Share for AI Healthcare by Applications, 2019 (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • AI Healthcare Market Component Distribution by Application Segment, 2019 (%) (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • AI Healthcare Market Distribution by Global Region, 2019 (%) (U.S., Europe, China, Japan, Rest of Asia Pacific, Latin America, Rest of World)
  • AI in Healthcare Demand by Country/Region, 2019 and 2024 ($ millions) (United States, Europe, China, Japan, Other Asia Pacific, Latin America, RoW)

Healthcare applications that are gaining traction utilizing AI include the following segments, which are estimated and forecasted in the report:

  • Population health
    • AI Population Health, Market Opportunity, 2019 and 2024
    • Population Health and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • AI and Population Health Competitor Review, 2019 (%)
  • Workflow solutions
    • AI Healthcare Workflow Solutions, Market Opportunity, 2019 and 2024
    • Workflow Solutions and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • AI and Workflow Solutions: Competitor Review, 2019 (%)
  • Imaging, diagnostics and disease management
    • AI Imaging, Diagnostics and DM, Market Opportunity, 2019 and 2024
    • AI Imaging, Diagnostics and Disease Management (DM) Estimated Distribution of Sales, 2019 (%)
    • Imaging, Diagnostics, DM and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Imaging AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Diagnostics AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Disease Management AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • AI and Imaging, Diagnostic, and DM: Competitor Review, 2019 (%)
  • Drug discovery and development
    • AI Drug Discovery & Development, Market Opportunity, 2019 and 2024
    • Drug Discovery & Development and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • AI and Drug Discovery & Development: Competitor Review, 2019 (%)
  • Other applications such as risk analysis fraud protection, cybersecurity, data mining and nutrition and fitness
    • Risk Analytics, Cybersecurity and Other AI Market Opportunity, 2019 and 2024 ($ millions)
    • Risk Analytics, Cybersecurity and Other AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Risk Analytics, Cybersecurity and Other AI Applications: Competitor Review, 2019 (%)

Future prospects for AI in healthcare include health assistance and medication management, precision medicine applications, drug creation and support in helping people make healthier choices and decisions. The report lists scores of examples of real-world AI offerings, discusses the effects of AI on traditional healthcare delivery and looks at patents in various segments of the market.

The AI market consists of a wide range of company types: tech giants, pharmaceutical and biotechnology leaders, medical device companies and imaging vendors, as well as emerging companies that often do the heavy lifting in development and early incubation of how to apply AI in the healthcare field. The report examines company participation by market segment; estimated investor funding, private company focus ($ millions); and estimated market participation by leaders in AI healthcare, by application, 2019 (% market share). The Market for Artificial Intelligence (AI) in Healthcare also profiles these following companies active in the market:

  • AiCure
  • Amazon Web Services, Inc.
  • Atomwise, Inc U.S.
  • Bay Labs, Inc
  • Berg Health
  • BioXcel Therapeutics, Inc.
  • Cisco Systems, Inc.
  • Clarify Health Solutions
  • CloudMedX
  • Cyclica
  • Deep Genomics, Inc
  • Enlitic
  • GE Healthcare, Inc.
  • Google, Inc. (Alphabet, Inc.)
  • IBM, Inc.
  • iCarbonX
  • Intel, Inc.
  • Koninklinjke Philips, Inc.
  • Medtronic, Inc.
  • Microsoft, Inc.
  • Nvidia, Inc.
  • Qventus, Inc
  • Recursion Pharmaceuticals, Inc.
  • SAS Institute, Inc
  • Siemens Healthineers GmbH
  • Stryker, Inc
  • Verint Next IT
  • Welltok, Inc.
  • Zebra Medical Vision

Table of Contents

Chapter 1: Executive Summary
Overview
Market Review

    • Figure 1-1: Global AI in Healthcare Market, 2019-2024

Competitors

    • Table 1-1: Company Participation by Market Segment

Scope and Methodology
Recent Company Developments in AI in Healthcare

  • Copan Diagnostics: Performing Culture Plate Analysis
  • Sense.ly: Avatar Nurse
  • GE Healthcare: AI-Powered Hospital Command Centers
  • Google DeepMind: Breaking the Black Box of Clinical Practice
  • CareDX and Predigraft: Transplant Testing Risk
  • Grail: Machine Learning on Cancer Mutations
  • AI Cure: Boosting Medication Adherence in Trials
  • Freenome: Computational Biology and Machine Learning for Cancer Detection
  • ARUP-Techcyte: Detection of Parasites and Ova
  • Atomwise: AI Speeds up UHTS
  • Recursion Pharmaceuticals: AI-Powered Biology at Scale
  • Careskore: Taking In the Patient’s Data Picture
  • CompCyst: Big Increase in Identification of Benign Cysts
  • Berg: Appling Intelligence to Biomarker Discovery
  • Deep Genomics: AI Drug Discovery Workbench
  • Propeller Health: Smart Inhaler Devices
  • MedAware: AI Physician Alerts Prior to Prescription
  • Philips Pathology Enhancing Tool
  • Babylon Health: AI Decides When to Refer Patient to Video Doctor
  • Bay Echo Labs: FDA-cleared EF Calculation
  • Seegene: AI-Inspired Molecular Diagnostics
  • Ibex Medica: Digital Pathology Review
  • Subtle Medical: Deep Learning on Scans
  • Clever Culture: FDA Cleared Automation of Sample Interpretation
  • Medtronic: AI Fights Diabetes
  • Qiagen: Interpretation of Large Volumes of Data
  • KidneyIntelX: Improved Kidney Testing
  • Hitachi: Patient Risk Detection
  • PredictImmune: Irritable Bowel Disease Predictive Assay

Chapter 2: Introduction to Artificial Intelligence
Industry Overview

  • The Artificial Intelligence Movement
    • Figure 2-1: Artificial Intelligence (Machine Learning) Patents Issued in the United States by Year, 1976-2019
  • How Does the Health Industry Stack Up in AI Integration?
    • Figure 2-2: AI Issued Patents in the United States with Direct Healthcare Application by Year, 1976-2019
    • Figure 2-3: Global AI Market and Healthcare AI Performance Expectations, 2019 and 2024 ($ Millions)
  • Market Breakdown by Application
    • Figure 2-4: Market Share for AI Healthcare by Applications, 2019 (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • Market Breakdown by Component
    • Figure 2-5: AI Healthcare Market Component Distribution by Application Segment, 2019 (%) (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
  • Regional Market Breakdown
    • Figure 2-6: AI Healthcare Market Distribution by Global Region, 2019 (%) (U.S., Europe, China, Japan, Rest of Asia Pacific, Latin America, Rest of World)

AI Technologies

    • Table 2-1: Examples of AI Healthcare Patents Issued

Abbreviations and Definitions
Competitive Summary

    • Table 2-2: Estimated Investor Funding, Private Company Focus ($ Millions)
  • The Leaders: Market Application Review
    • Table 2-3: Estimated Market Participation by Leaders in AI Healthcare, by Application, 2019 (% Market Share)
  • AI Technology Development
    • Figure 2-7: AI Technology Patents by Company with Current or Potential Health or Medical Applications (data through September 1, 2019)

Chapter 3: Artificial Intelligence: Population Health
Overview

    • Figure 3-1: AI Population Health, Market Opportunity, 2019 and 2024

Industry and Technology Trends
Component Review and Analysis

    • Table 3-1: Population Health and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)

Competitor Analysis

    • Figure 3-2: AI and Population Health Competitor Review, 2019 (%)

Chapter 4: AI in Healthcare Workflow Solutions
Overview

    • Figure 4-1: AI Healthcare Workflow Solutions, Market Opportunity, 2019 and 2024

Industry and Technology Trends
Component Review and Analysis
Table 4-1: Workflow Solutions and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
Products and Competitors
Competitor Analysis

    • Figure 4-2: AI and Workflow Solutions: Competitor Review, 2019 (%)

Chapter 5: AI in Imaging, Diagnostics, and Disease Management
Overview

  • Imaging
  • Diagnostics
  • Disease Management
    • Figure 5-1: AI Imaging, Diagnostics and DM, Market Opportunity, 2019 and 2024

Industry and Technology Trends

  • Imaging
  • Diagnostics
  • Disease Management
    • Figure 5-2: AI Imaging, Diagnostics and Disease Management (DM) Estimated Distribution of Sales, 2019 (%)

Component Review and Analysis

    • Table 5-1: Imaging, Diagnostics, DM and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Table 5-2: Imaging AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Table 5-3: Diagnostics AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
    • Table 5-4: Disease Management AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)

Products and Competitors

  • Diagnostics
  • Disease Management

Competitor Analysis

    • Figure 5-3: AI and Imaging, Diagnostic, and DM: Competitor Review, 2019 (%)

Chapter 6: AI in Drug Discovery and Development
Overview

    • Figure 6-1: AI Drug Discovery & Development, Market Opportunity, 2019 and 2024

Industry and Technology Trends
Component Review and Analysis

    • Table 6-1: Drug Discovery & Development and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)

Products and Competitors
Competitor Analysis

    • Figure 6-2: AI and Drug Discovery & Development: Competitor Review, 2019 (%)

Chapter 7: AI in Risk Analytics, Cybersecurity and Other Applications
Overview

    • Figure 7-1: Risk Analytics, Cybersecurity and Other Market Opportunity, 2019 and 2024

Industry and Technology Trends
Component Review and Analysis

    • Table 7-1: Risk Analytics, Cybersecurity and Other AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)

Products and Competitors

  • Risk Analytics
  • Fraud Protection
  • Cybersecurity
  • Data Mining
  • Nutrition and Fitness
    • Table 7-2: Risk Analytics, Cybersecurity and Other AI Market by Product Segment, 2019 and 2024 ($ millions)

Competitor Analysis

    • Figure 7-2: Risk Analytics, Cybersecurity and Other AI Applications: Competitor Review, 2019 (%)

Chapter 8: Global AI in Healthcare Markets
Global Market Drivers

  • Aging Population
    • Figure 8-1: Global Population Trends, Total Population vs. Age 65+ Population, 2000-2050
    • Figure 8-2: Growth in Total Population vs. Aging Population, 2018-2030
  • Increase in Chronic Disease
    • Figure 8-3: Global Prevalence of Disease, 2000, 2015 and Projected 2030 (Hypertension, Diabetes Mellitus, Depresson, Asthma, Coronary Heart Disease / Ischemic Heart Disease, COPD, Epilepsy, Alzheimer’s Disease, HIV / AIDS, Stroke Survivors, Cancer, Tuberculosis, Parkinsonís Disease, ESRD)
  • Increasing Death Rates
    • Figure 8-4: Global Death Rate Increase 2018-2030 (%) (UAE, S. Korea, Saudi Arabia, Singapore, Malyasia, Chile, Israel, Iran, Taiwan, Venezuela, Australia, Canada, New Zealand, Mexico, Iraq, Turkey, Bangladesh, China, Brazil, Vietnam, Netherlands, Philippines, Indonesia, Thailand, Switzerland, Egypt, Slovenia, United States, Sweden)
  • Health Expenditures in Relation to GDP
    • Figure 8-5: Global Health Spending as a Percentage of GDP, by Country, 2018 (%) (Australia, Canada, Chile, France, Germany, Greece, Hungary, Israel, Italy, Japan, Korea, Mexico, Netherlands, New Zealand, Poland, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States)

Global Market for AI in Healthcare

    • Table 8-1: AI in Healthcare Demand by Country/Region, 2019 and 2024 ($ millions) (United States, Europe, China, Japan, Other Asia Pacific, Latin America, RoW)

Chapter 9: Artificial Intelligence in Healthcare Profiles
Overview

    • Figure 9-1: AI Healthcare Companies by Headquarter Location

AiCure

    • Table 9-1: AiCure Corporate Summary
  • Company Overview
  • Products

Amazon Web Services, Inc.

    • Table 9-2: Amazon Web Services Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-3: Amazon Revenues 2017-2019 (in millions $)

Atomwise, Inc U.S.

    • Table 9-4: Atomwise Corporate Summary
  • Company Overview
  • Products

Bay Labs, Inc

    • Table 9-5: Bay Labs Corporate Summary
  • Company Overview
  • Products

Berg Health

    • Table 9-6: Berg Health Corporate Summary
  • Company Overview
  • Products

BioXcel Therapeutics, Inc.

    • Table 9-7: BioXcel Therapeutics Corporate Summary
  • Company Overview
  • Products

Cisco Systems, Inc.

    • Table 9-8: Cisco Systems Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-9: Cisco Revenues 2017-2019 (in millions $)

Clarify Health Solutions

    • Table 9-10: Clarify Health Solutions Corporate Summary
  • Company Overview
  • Products

CloudMedX

    • Table 9-11: CloudMedX Corporate Summary
  • Company Overview
  • Products

Cyclica

    • Table 9-12: Cyclica Corporate Summary
  • Company Overview
  • Products

Deep Genomics, Inc

    • Table 9-13: Deep Genomics Corporate Summary
  • Company Overview
  • Products

Enlitic

    • Table 9-14: Enlitic Corporate Summary
  • Company Overview
  • Products

GE Healthcare, Inc.

    • Table 9-15: GE Healthcare Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-16: GE Healthcare Revenues 2017-2019 (in billions $)

Google, Inc. (Alphabet, Inc.)

    • Table 9-17: Google Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-18: Google Revenues 2017-2019 (in millions $)

IBM, Inc.

    • Table 9-19: IBM Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-20: IBM Revenues 2017-2019 (in millions $)

iCarbonX

    • Table 9-21: iCarbonX Corporate Summary
  • Company Overview
  • Products

Intel, Inc.

    • Table 9-22: Intel Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-23: Intel Revenues 2017-2019 (in millions $)

Koninklinjke Philips, Inc.

    • Table 9-24: Koninklinjke Philips Corporate Summary

Company Overview
Products
Performance Review

    • Table 9-25: Koninklijke Philips Revenues 2017-2019 (in millions $)

Medtronic, Inc.

    • Table 9-26: Medtronic Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-27: Medtronic Revenues 2017-2019 (in millions $)

Microsoft, Inc.

    • Table 9-28: Microsoft Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-29: Microsoft Revenues 2017-2019 (in millions $)

Nvidia, Inc.

    • Table 9-30: Nvidia Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-31: Nvidia Revenues 2017-2019 (in millions $)

Qventus, Inc

    • Table 9-32: Qventus Corporate Summary
  • Company Overview
  • Products

Recursion Pharmaceuticals, Inc.

    • Table 9-33: Recursion Pharmaceuticals Corporate Summary
  • Company Overview
  • Products

SAS Institute, Inc

    • Table 9-34: SAS Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-35: SAS Institute Revenues 2017-2019 (in millions $)

Siemens Healthineers GmbH

    • Table 9-36: Siemens Healthineers Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-37: Siemens Healthineers Revenues 2017-2019 (in millions $)

Stryker, Inc

    • Table 9-38: Stryker Corporate Summary
  • Company Overview
  • Products
  • Performance Review
    • Table 9-39: Stryker Revenues 2017-2019 (in millions $)

Verint Next IT

    • Table 3-40: Verint Next IT Corporate Summary
  • Company Overview
  • Products

Welltok, Inc.

    • Table 9-41: Welltok Corporate Summary
  • Company Overview
  • Products

Zebra Medical Vision

    • Table 9-42: Zebra Medical Vision Corporate Summary
  • Company Overview
  • Products
    Blockchain Technologies in Healthcare
    November 22, 2019
    The Market for Artificial Intelligence (AI) in Healthcare
    September 27, 2019
    Internet of Things (IoT) in Healthcare
    September 19, 2019
    EMR 2018: The Market for Electronic Medical Records (Physician and Hospital EHR Market, Geographic Regions, Trends and Issues)
    May 7, 2018

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