The Artificial Intelligence in Healthcare Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Artificial Intelligence in Healthcare Market?
The market size of artificial intelligence in healthcare has seen significant expansion in recent times. It is expected to increase from $18.16 billion in 2024 to $24.18 billion in 2025, with a compound annual growth rate (CAGR) of 33.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Artificial Intelligence in Healthcare Industry?
By the year 2029, the market size for artificial intelligence in healthcare is projected to reach $72.85 billion, growing at a compound annual growth rate (CAGR) of 31.7%.
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What are the Key Growth Drivers Fueling the Artificial Intelligence in Healthcare Market?
The key drivers in the artificial intelligence in healthcare market are:
• Surge in the ageing population
• Increasing adoption of digital transformation in healthcare
• Government initiatives promoting artificial intelligence in the healthcare sector
• Rise in use of AI for clinical trials, drug adherence, target selection and rare diseases treatment
Global Market Segmentation: Identifying Major Artificial Intelligence in Healthcare Industry Segments
The artificial intelligence in healthcare market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Algorithm: Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing
3) By Application: Robot-Assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Dosage Error Reduction, Clinical Trial Participant Identifier, Preliminary Diagnosis
4) By End-User: Hospitals And Diagnostic Centers, Pharmaceutical And Biopharmaceutical Companies, Healthcare Payers, Patients
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What are the Emerging Trends Shaping the Future of the Artificial Intelligence in Healthcare Market?
The key trends in the artificial intelligence in healthcare market are:
• AI is increasingly being used in clinical trials and for rare diseases treatment.
• There is a growing use of AI for drug adherence and target selection.
• There's a rising trend in investments in AI-driven biotech firms, and an uptick in merger and acquisition activity.
• The roles of Contract Research Organizations (CROs) in AI ecosystems are emerging, along with the introduction of new AI tools and AI innovation labs.
Who Are the Top Competitors & Leading Players in the Artificial Intelligence in Healthcare Market?
Major companies in the artificial intelligence in healthcare market are:
• IBM Watson Health
• Nuance Communications, Inc
• Alphabet Inc
• Concreto HealthAI
• Nvidia Corporation
• PathAI
• XtalPi
• Benevolent AI
• Exscientia
• OWKIN
• LiveHealth
• ChironX
• Consure Medical
• Predible Health
• Lybrate
• Artelus
• OncoStem Qure.ai
• Jiaxing Taimei Medical Technology
• Ping An Health Medical Technology
• YITU
• iCarbonX
• Insilico
• Skin Analytics
• Babylon Health
• Cambridge Cognition
• Renalytix AI
• Iktos
• Novartis
• Gero
• Ardigen
• Botkin
• Webiomed
• Care Mentor AI
• Diagnocat
• Atomwise Inc
• Cloud Pharmaceuticals
• Bioage
• NuMedii
• Envisagenics
• Aria Pharmaceuticals
• Verge Genomics
• Berg LLC
• Deep Genomics
• Cyclica
• IQVIA
• Roche
• Pfizer
• PRA Healthscience
• Gesto
• Intensicare
• Didoc
• Betterfly
• Deenty
• Examedi
• Dentalink
• Cero
• MedPass
• Pixeon
• Hi Technologies
• Conexa Saude
• Wuru
• Yerbo
• BioScience
• Caecus
• Epitrack
• GE Healthcare
• Oncora Medical
• Recursion Pharmaceuticals Inc
• Nucleai
• Pepticom
• AstraZeneca
• Rology
• HearX Group
• DilenyTech
• iNNOHEALTH Technology Solutions
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the Artificial Intelligence in the Healthcare market in 2024
