With Market Size Valued at $40 Billion by 2026, it`s a Healthy Outlook for the Global Artificial Intelligence (AI) in Healthcare Market

SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) in Healthcare – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 4; Released: May 2021
Executive Pool: 133779
Companies: 322 – Players covered include Amazon Web Services (Aws); Enlitic Inc.; General Electric Company; General Vision; Google; IBM Corporation; iCarbonX; Intel Corporation; Johnson & Johnson Services; Koninklijke Philips; Medtronic; Micron Technology; Microsoft Corporation; Next IT Corp.; Nvidia Corporation; Siemens Healthineers (A Strategic Unit Of Siemens Group); Welltok Inc. and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware); Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision); End-Use (Hospitals & Healthcare Providers, Patients, Pharmaceuticals & Biotechnology Companies, Healthcare Payers, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Healthcare Market to Reach $40 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Healthcare estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$40 Billion by 2026, growing at a CAGR of 39.3% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 40.6% CAGR and reach US$37.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 36.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $5.8 Billion by 2026
The Artificial Intelligence (AI) in Healthcare market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2026 trailing a CAGR of 36.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 33.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 26.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.