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Artificial Intelligence (AI) in Healthcare Market Expected to Reach $22,790 Million by 2023, Globally

According to a new report published by Allied Market Research, titled, “Artificial Intelligence (AI) in Healthcare Market: Global Opportunity Analysis and Industry Forecast, 2017–2023,” the global AI in Healthcare market was valued at $1,441 million in 2016, and is projected to reach $22,790 million by 2023, growing at a CAGR of 48.0% from 2017 to 2023. The hardware AI for segment is anticipated to grow at the highest rate from 2017 to 2023.

AI involves the science and engineering of intelligent computer programs. It uses various computer functions such reasoning, learning and problem solving based on human intelligence. AI systems can be used in various disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering to build an intelligent system. Some of the different applications that incorporate the AI systems in healthcare fields are medication management, treatment plans, and drug discovery.

The global the AI in Healthcare market is driven by the ability of AI to improve patient outcomes, increase in need for coordination between healthcare workforce & patients, rise in adoption of precision medicine, and remarkable growth in venture capital investments. In addition, significant use of big data in the healthcare sector is expected …

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