Healthcare AI Market Expected to Exceed $107,797 Million by 2027

The use of AI (artificial intelligence) in the healthcare field, include robot assisted surgeries, is expected to grow from 2019 levels of $3991.23 million to over $107,797 million by 2027. A new report discusses major trends in the market along with important considerations that will impair growth. Notably, a lack of trained AI users plus unclear guidance when it comes to regulation are limiting market growth.

“Based on application, the artificial intelligence in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. The clinical trials segment held the largest market share in 2019, and the robot assisted surgery segment is estimated to register the highest CAGR during the forecast period. Rising adoption of robotic surgeries due to better surgical outcomes offer lucrative opportunities for the growth of robotic assisted surgery segment.” Read more here.

(Source: Research and Markets, 2/2021)