The growing adoption of robot-assisted surgery will augment the growth of global AI in healthcare market

Published: Dec 2019

The global AI in healthcare market is anticipated to grow at a CAGR of around 51.5% during the forecast period (2021-2027). The key factor to drive the market growth is the increased use of robotic-assisted surgeries where cognitive robotics can integrate information from pre-operation medical records along with real-time operating metrics to physically improve the accuracy of the physician's instrument. According to Undark Magazine, the global market share for surgical robotics in 2018 was $5.4 billion and is estimated to grow above $2 billion in 2025. 

Browse the full report description of "Global Artificial Intelligence (AI) in Healthcare Market Size, Share & Trends Analysis Report by Product Type (Hardware and Software & Service), By Application (Diagnosis, Biomarkers, Virtual nursing assistance, Drug Discovery and Others) and By End-User (Hospitals & healthcare facilities, Personal care, and Biotechnology, & pharmaceutical companies) Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/artificial-intelligence-ai-in-healthcare-market

Major players of the market are launching advanced robotics surgical systems that contribute to the healthcare sector and are applied to various types of healthcare data including structured & unstructured data. For instance, in December 2020, Johnson & Johnson announced the details of its new robotic surgical system Ottava. This new system is designed with six arms that provide more control and flexibility during the surgery and its platform has a zero-footprint design that supports to access the patient, increase the workflow and increases space in the operating room. Ottava will be able to perform a range of procedures including where the surgeon can use any combination of up to six arms among various surgical specialities.  

Market Coverage

  • The market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered- 

o By Product Type

o By Application

o By End-User

  • Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

  • Competitive Landscape- Siemens AG, Microsoft Corp., IBM Corp., Google, LLC., and General Electric Co., among others 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global AI in Healthcare Market Report Segment

By Product Type

  • Hardware
  • Software and Services

By Application

  • Diagnosis
  • Biomarkers
  • AI-Enabled Hospital Care
  • Drug Discovery
  • Others 

By End-user

  • Hospitals and healthcare facilities
  • Personal care
  • Biotechnology and pharmaceutical companies

Global AI in Healthcare Market Report Segment by Region

North America           

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific    

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East and Africa

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