Artificial Intelligence in Healthcare Market Next Big Thing | Major Giants IBM, Predible Health, Microsoft

Artificial Intelligence (AI) in Healthcare Market in India (2018-2023) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Artificial Intelligence (AI) in Healthcare Market. Some of the key players profiled in the study are Aindra Systems Private Limited, Advenio Tecnosys Private Limited, Artivatic Data Labs Private Limited, Niramai Health Analytix Private Limited, Predible Health Private Limited, Qure.Ai Technologies Private Limited, Sigtuple Technologies Private Limited, Tricog Health Services Private Limited, IBM India Private Limited, Microsoft Corporation (India) Private Limited.

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The adoption of artificial intelligence (AI) is reshaping the Indian healthcare market significantly. AI-enabled healthcare services like automated analysis of medical tests, predictive healthcare diagnosis, automation of healthcare diagnosis with the help of monitoring equipment, and wearable sensor-based medical devices, are expected to revolutionize medical treatment processes in the country.

 

Benefits of AI in the healthcare sector:

-The patient-doctor ratio in India is as low as 1,700:1. Also, ~70% of the healthcare infrastructure is in cities, which cater to ~30% of the country’s population. With the use of artificial intelligence applications, doctors can offer their services to more patients and reduce the existing gap in demand and supply of medical services in the country.

-AI-enabled healthcare services can be delivered at lower costs with increased efficiency and an emphasis on diagnostics. Moreover, artificial intelligence enables hospitals to implement patient-centric plans and eliminate unnecessary hospital procedures, making delivery of healthcare services faster in India.

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Market insights:

It is predicted that the applications of artificial intelligence in the healthcare space will be worth INR ~431.97 Bn by 2021, expanding at a rate of ~40%. Based on this growth of AI applications in healthcare, the doctor-patient ratio in India is expected to reach ~6.9:1,000 by 2023, from its 2017 ratio of ~4.8:1000. The capability of AI applications to improve doctors’ efficiency will help in tackling challenges like uneven doctor-patient ratio, by providing rural populations high-quality healthcare, and training doctors and nurses to handle complex medical procedures. Artificial intelligence is used in six healthcare segments: hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, medical insurance, and telemedicine. Artivatic Data Labs Private Limited, Analytix Private Limited, IBM India Limited, Niramai Health Sigtuple Technologies Private Limited, and Tricog Health Services Private Limited are the major players operating in this sector.

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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Artificial Intelligence (AI) in Healthcare market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Artificial Intelligence (AI) in Healthcare near future?
What is the impact analysis of various factors in the Artificial Intelligence (AI) in Healthcare market growth?
What are the recent trends in the regional market and how successful they are?

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Some extract from Table of Contents
• Overview of Artificial Intelligence (AI) in Healthcare Market
• Artificial Intelligence (AI) in Healthcare Size (Sales Volume) Comparison by Type (2019-2025)
• Artificial Intelligence (AI) in Healthcare Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Artificial Intelligence (AI) in Healthcare Size (Value) Comparison by Region (2019-2025)
• Artificial Intelligence (AI) in Healthcare Sales, Revenue and Growth Rate (2019-2025)
• Artificial Intelligence (AI) in Healthcare Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Artificial Intelligence (AI) in Healthcare
• Artificial Intelligence (AI) in Healthcare Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

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