The AI in Patient Management Market Size is predicted to witness a 24.51% CAGR during the forecast period for 2023-2031.
The field of AI in patient management is undergoing significant development, with the potential to enhance care quality, decrease expenses, and improve the overall patient experience. This is achieved through the utilisation of data-driven insights and automation, which aid healthcare personnel in their decision-making processes and interactions with patients.
Artificial intelligence is employed in all patient management software, which medical institutions use to facilitate diagnosis, treatment, and monitoring. The market's growth is primarily pushed by increased healthcare data and the complexities of datasets, which drives the need for AI in patient management software in the industry.
Furthermore, advances in processing power and lower hardware prices, increased cross-industry partnerships and collaborations, and increased imbalance between the health personnel and patients fuel the need for improved healthcare services. Due to a shortage of competent healthcare personnel, there is an increase in demand for AI algorithms that can be used in the healthcare sector.
Market Segmentation:
The AI in Patient Management market has been segmented based on technology, application, and end-user. The market is divided into machine learning and NLP based on technology. The application segment includes health record analysis, pattern analysis, location-basedlocation-based analysis, social background, history-basedand history-based appointment generation. The end-users segment includes hospitals, diagnostic centres, ambulatory surgical centres, and others.
The Machine Learning Segment Is Dominating AI In Patient Management Market Based On Technology
Machine learning has advanced rapidly due to AI systems' increased processing capabilities. AI algorithm innovation is also expected to reduce processing times, enhancing the application of algorithms in the healthcare industry. For example, in June 2020, GE Healthcare launched Thoracic Care Suite to detect chest X-ray abnormalities caused by COVID-19, such as pneumonia and tuberculosis, as well as to assist physicians and health systems in ensuring timely diagnosis and appropriate patient treatment.
The Hospitals Segment Registered The Highest Growth
Healthcare systems may become smarter, faster, and more efficient in providing treatment to millions of people worldwide by integrating artificial intelligence in hospital settings and clinics. Artificial intelligence in healthcare is truly the future, altering how patients receive excellent treatment while lowering provider costs and improving health outcomes.
In The Region, The North American Ai In Patient Management Market Holds A Significant Revenue Share
North America was the largest shareholder in artificial intelligence in the healthcare market, owing to its well-established healthcare infrastructure and support of government laws for product-type commercialization, which are the primary reasons driving the growth of AI in the healthcare industry.
However, Asia-Pacific is anticipated to expand at the fastest rate during the forecast period, owing to increased adoption of healthcare IT solutions, increased funding for the development of AI capabilities, and major players collaborating with universities and research centres to build advanced AI algorithms that could be used in the healthcare industry.
AI in Patient Management Market Players:
- Welltok, Inc. (Virgin Pulse)
- Intel Corporation
- Nvidia Corporation
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- General Vision, Inc.
- Enlitic, Inc.
- Next IT Corporation
- iCarbonX
- Octopus.Health
- Sweetch Health Ltd.
- Superwise.ai
- Others
AI in Patient Management Market Report Scope
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 24.51% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Technology, Application, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Welltok, Inc. (Virgin Pulse), Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Inc., Enlitic, Inc., Next IT Corporation, and iCarbonX. Octopus.Health, Sweetch Health Ltd., Superwise.ai And others. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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