Patient Registry Software Market Key Companies Profile, Research and Insights Till 2027

Global Patient Registry Software Market: Information by Type of Registry (Disease Registries, Health Service Registries, Product Registries and others), Functionality (Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE) and others), Deployment Model (On-Premise and Cloud), End-User (Hospitals and Clinics, Government Organizations & Research Centers and Others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2027

Patient Registry Software Market Regional Insight                                      

The primary region for patient registry software market are the Americas, Asia Pacific/APAC, MEA/Middle East & Africa and Europe.

The Americas to Most Likely Procure the Leading Position

The Americas can presumably take the lead in the global market over the next few years, considering the advances in the healthcare IT segment and the significant uptake of advanced EHRs. It is also observed that many of the renowned firms in the region are increasingly acquiring the smaller companies to solidify their market positions. Surge in government efforts to promote the use of patient registry software is also responsible for the market growth. With the aim to develop patient registry software that is more clinical research-friendly and interactive, vendors are focusing on technical innovations, which could be favorable for the regional market. A key trend among the players is the development of integrated software, which is not only cost-effective but also offers remote access to patient records.

APAC to Maintain Fastest Growth Pace in the Coming Years

APAC’s progress in the coming years is expected to be at the fastest pace, as the governments are taking up several initiatives to address the need for better patient care quality and reduced healthcare costs. The patient registry software’s strong demand in the region is also the result of the need to cut down medical errors, frequent hospital visits and diagnostics errors. This, combined with the rising cases of co-morbidity, and the substantial growth in the geriatric population segment, can foster revenue generation. Japan, South Korea, China, and India are some of the leading contenders in the APAC market; especially considering the rising adoption of cloud based patient registry solutions in these countries.

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Patient Registry Software Market Eminent Vendors

IFA SYSTEMS, Open Text Corporation, Dacima Software Inc, Optum, Inc., LUMEDX, ArborMetrix, phamax, IBM, IQVIA, Evado Pty. Ltd, McKesson Corporation are among some of the most eminent market vendors.

Patient Registry Software Market Synopsis

Patient registry software market 2020 is on track to obtain a CAGR of 11.08% from 2019 to 2025 (appraisal period), says Market Research Future (MRFR). MRFR adds that the global market size can touch USD 1,998.83 Million by 2025. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Key Drivers and Primary Challenges

EHR’s Rising Adoption Rate to be a Major Growth Booster

Increasing deployment of electronic health records/EHR across the healthcare industry remains a prime growth booster in the patient registry software market. Regulatory authorities across developed nations promote the use of EHR solutions in healthcare practices for facilitating efficient delivery of services. Strict regulations that require implementation of electronic patient records and the escalating focus on ensuring top patient care quality would foster the demand for patient registry software in the years to come. The need to streamline and organize the voluminous patient registry databases in healthcare also works in favor of the global market.

Surge in Drug Development for Rare Diseases to Induce Growth 

Patient registry software is also known for facilitating complex drug development, especially when it comes to rare disorders. Currently, in Europe, more than 700 rare disease registries are aiding the collection of historical patient records, sample size reduction and measurements, and more. The software also helps track the correct intake of certain drugs and its results, which is another feather in its cap pushing its demand. Increasing spending on clinical trials by several pharmaceutical and biotechnological firms could emerge as a significant opportunity in the future. Pharmaceutical and medical device vendors continue to benefit from the multiple patient registries pertaining to post-marketing surveillance of various devices and drugs.

Cloud-Based Solutions to Garner Significant Traction

Cloud based patient registry solutions are the fastest emerging segment in the market, since these offer innovative features like remote access and real-time tracking of data. Both private firms and government are increasingly going for cloud-based patient registry solutions instead of on-premise solutions. On the competitive front, the market is observing a number of vendors getting involved in several initiatives including mergers, new product launch, acquisitions and collaboration for higher penetration. A case in point, in November 2020, MyoKardia collaborated with PINNACLE/Veradigm and the American College of Cardiology to release its latest Patient Registry of Hypertrophic Cardiomyopathy. This patient registry software is expected to help MyoKardia in terms of post-marketing effectiveness and safety analysis of mavacamten, which is a therapeutic for treating HCM/obstructive hypertrophic cardiomyopathy.

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Patient Registry Software Market Segmentation

Patient registry software industry has been dissected in terms of type of registry, functionality, deployment model and end-user.

The types of registry available in the worldwide market include product registries, health service registries, disease registries, and others.

Functionality-wise, the market segments are health information exchange (HIE), patient care management, population health management (PHM), and others.

The primary deployment models are on-premise as well as cloud.

Government organizations & research centers, hospitals and clinics, and others are the top market end-users listed in the MRFR report.

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Migraine Drugs Market Sales, Cost and Profit To 2027

Market Segmentation:

The MRFR report provides an all-inclusive segmental analysis of the Migraine Drugs Market on the basis of drug class, treatment, end user, and type.

Based on type, the migraine drugs Industry is segmented into chronic and episodic migraine. Of these, the episodic migraine will have maximum share in the market over the forecast period.

Based on treatment, the migraine drugs Industry is segmented into neuromodulation, preventive, acute, and others. Of these, the acute segment will command the largest share in the market over the forecast period owing to its high prevalence and availability of several drugs to treat acute migraines.

Based on drug class, the migraine drugs Industry is segmented into triptans, anticonvulsants, tricyclics, angiotensin blockers, beta-blockers, and others. Of these, the triptans segment will lead the market over the forecast period for its high efficacy.

Based on end user, the migraine drugs Industry is segmented into research and academic institutes, hospitals and clinics, and others. Of these, hospitals and clinics will dominate the market over the forecast period for being primary treatment centers for patients.

Migraine Drugs Market Key Players:

Prominent players profiled in the migraine drugs Industry report include eNeura Inc., Eli Lilly and Company, Amgen Inc (US), Johnson & Johnson Services, Inc. (US), AstraZeneca Plc (UK), Teva Pharmaceutical Industries Ltd (Israel), Merck & Co., Inc. (US), GlaxoSmithKline Plc (UK), Pfizer Inc. (US), Alder Biopharmaceuticals, Inc. (US), and Allergan Plc (Ireland).

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Various factors are propelling the migraine drugs market growth stated by the latest Market Research Future (MRFR) report, include a rising focus on development on migraine drugs, lifestyle changes, unhealthy food consumption, awareness programs undertaken by organizations on prevention as well as treatment of migraine, and high unmet needs.

Migraine Drugs Market Outlook

The global migraine drugs market is predicted to grow at a 5.9% CAGR between 2019-2025, states the new Market Research Future (MRFR) report Info graphs of “Migraine Drugs Market

Migraines, simply put, are severe, painful, and recurring headaches, which can be accompanied or preceded by sensory warning symptoms and other signs. Its causes are not yet known but triggers that may set of migraine include hormonal changes in women, emotional triggers such as stress, depression, anxiety, or excitement, physical causes such as poor posture, insufficient sleep, or tiredness, triggers in the diet such as caffeine and alcohol, dehydration and irregular mealtimes, taking medications such as contraceptive pills, sleeping pills, or hormone replacement therapy medications, and triggers in the environment such as bright lights, loud noise or flickering screens. Migraine is of two types- chronic and episodic.

LIST OF TABLES

TABLE 1 GLOBAL MIGRAINE DRUGS MARKET SYNOPSIS, 2019–2025

TABLE 2 GLOBAL MIGRAINE DRUGS MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)

TABLE 3 GLOBAL MIGRAINE DRUGS MARKET, BY TREATMENT TYPE, 2019–2025 (USD MILLION)

TABLE 4 GLOBAL MIGRAINE DRUGS MARKET, BY DRUG CLASS, 2019–2025 (USD MILLION)

TABLE 5 GLOBAL MIGRAINE DRUGS MARKET, BY END USER, 2019-2025 (USD MILLION)

TABLE 6 GLOBAL MIGRAINE DRUGS MARKET, BY REGION, 2019–2025 (USD MILLION)

Continued……

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LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL MIGRAINE DRUGS MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL MIGRAINE DRUGS MARKET

FIGURE 4 GLOBAL MIGRAINE DRUGS MARKET SHARE, BY TREATMENT TYPE, 2018 (%)

FIGURE 5 GLOBAL MIGRAINE DRUGS MARKET SHARE, BY DRUG CLASS, 2018 (%)

FIGURE 6 GLOBAL MIGRAINE DRUGS MARKET SHARE, BY END USER, 2018(%)

FIGURE 7 GLOBAL MIGRAINE DRUGS MARKET SHARE, BY REGION, 2018 (%)

Continued…….

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Telehealth Market Profile, Opportunities and Global Industry Analysis | Forecast to 2027

 

Telehealth Market Research, Report 2020, Size, Share, Growth, Trends and Industry Analysis by Component (Hardware, Software and Services), by Mode of Delivery (Web/Cloud-Based and On-Premise), by Application (Radiology, Cardiology, Primary Care, Neurophysiology and others), by End User (Hospitals and Clinics, Diagnostic Centers, Home Care and others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Global Forecast till 2027

Telehealth Market Segmentation

Component, application, mode of delivery, and end user are four definite segments that have been discussed in the global market report on the telehealth sector. MRFR included these segments to provide better insights regarding various intricacies of the telehealth market.

Global Telehealth Market, by Component

• ServicesRemote Monitoring
• Real-Time Interactions
• Store-and-Forward Consultations
• HardwareMonitoring DevicesStationary
• Wearable
• Medical PeripheralsBlood Pressure Monitors
• ECG Monitors
• Pulse Oximeters
• Blood Glucose Meters
• Peak Flow Meters
• Otoscopes
• Others
• Others
• SoftwareIntegrated Software
• Standalone Software

Global Telehealth Market, by Mode of Delivery

• Web/Cloud-Based
• On-Premise

Global Telehealth Market, by Application

• Radiology
• Cardiology
• Primary Care
• Neurophysiology
• Others

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Telehealth Market Regional Analysis

Basic requirements and the advanced ones for the growth of the telehealth market are widely available in Europe and the Americas. Of these two regions, the Americas are all set to score big in the coming years as countries like the US and Canada are going to ensure that the market gains better profit. Improved IT sector, better investment plans, growing digitalization, huge budget expenditure, and others are several sectors that can make sure that the market gains better prospects. In Europe, this market would benefit from the growing demand to monitor the steps of healthcare procedures. Italy has emerged as one of the leading countries by having control over almost 12.4% of the Western telehealth market in 2018. France, Germany, and the UK can also make sure that their growth in the sector goes up considerably.

The Asia Pacific market has a massive population that can trigger growth for the telehealth market. Increasing the inclusion of technologies to support better growth for the telehealth market. For the Middle East & Africa, poor economy and lack of infrastructure can hold back the growth rate and deter permeation of the sector.

Telehealth Market Overview:

Global telehealth market is on a path to score a CAGR of 22.74% and surpass a valuation of USD 16,173.8 Million by 2024. Market Research Future (MRFR) marks 2019 to 2024 as the forecast period. The telehealth sector is expected to thrive on the core concept it offers of sharing information using a digital platform to improve communication. It enables several functions like electronic consultations, video conferencing, remote monitoring, and wireless communications. Growing demand for easy access to various healthcare services, cost-effective and systematic procedure, hike in investment, better research & development facilities, improved IT sector, and others are factors that ensure growth for the market. But the possibility of information leakage through hacking can prevent the market from having easy growth.

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Telehealth Market Competitive Analysis:

Telehealth market is witnessing a strong ingress of new entrants who are impacting the market with their latest innovations. This is also making the market competitive as established players are trying to capitalize on the opportunities available and increase their profit margin. MRFR listed a few to ensure a better understanding of the market and it includes companies like

• Siemens (Germany)
• Boston Scientific Corporation (US)
• AMD Global Telemedicine Inc. (US)
• Right Health (Canada)
• American Well (US)
• Allscripts Healthcare Solutions (US)
• Honeywell International Inc. (US)
• GlobalMed (US)
• Care Innovations LLC (US)
• Philips Healthcare (Netherlands)
• InTouch Technologies Inc. (US)
• Medtronic PLC (Ireland)
• Maple (Canada)
• Cisco Systems Inc. (US)
• Cerner Corporation (US)
• Dialogue (Canada)
• Livecare Health (Canada)

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Scoliosis Treatment Market SWOT Analysis, Segmentation and Key Companies Profile Till 2027

 

Scoliosis Treatment Market Regional Analysis

Based on the region, the scoliosis treatment market report covers the recent trends & growth opportunities across North America, Europe, the Asia Pacific (APAC), & the Middle East & Africa (MEA). Among these, North America is likely to lead the market over the forecast period. Factors boosting scoliosis treatment market growth in the region include the presence of leading key manufacturers, higher patient safety, maximum reimbursement coverage, and increasing awareness & programs held by key skilled and trained professionals. Besides, increasing use of branded support braces and rising surgical procedures are all adding to the market growth. The US & Canada are the chief contributors in the region for sophisticated healthcare infrastructure.

The scoliosis treatment market in Europe is likely to possess the second-largest share during the forecast period. Favorable reimbursement policies, high expenditure on R&D by government bodies, higher prevalence of the disease, increasing awareness among people, and sophisticated healthcare infrastructure are adding market growth.

The scoliosis treatment market in the Asia Pacific region is likely to develop at a high CAGR over the forecast period for rising awareness about the disorder and its treatment, increasing healthcare spending, availability of branded braces and supports, advanced healthcare settings, and surging population. Besides, product launches, constant technological advancements, and easy accessibility of management options are also adding market growth. Japan, China, India, Brazil, and Russia are the chief contributors in the region.

The scoliosis treatment market in Latin America and the MEA is predicted to have stagnant growth over the forecast period for the lack of awareness, low per capita healthcare expenditure, and scarcity of skilled personnel.

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Scoliosis Treatment Market Segmentation 

The MRFR report offers an inclusive segmental analysis of the global scoliosis treatment market report based on the distribution channel, product, and disease.

By disease, the scoliosis treatment market is segmented into adolescent idiopathic scoliosis and infantile idiopathic scoliosis. Of these, the adolescent idiopathic scoliosis segment will lead the market over the forecast period.

By product, the scoliosis treatment market is segmented into lumbosacral orthosis (LSO), thoracolumbosacral orthosis (TLSO), and cervical thoracic lumbar sacral orthosis (CTLSO). Of these, the CTLSO segment will dominate the scoliosis treatment market during the forecast period for the growing demand for spine surgeries.

By distribution channel, the scoliosis treatment market is segmented into retail pharmacies, online pharmacies, and hospitals & clinics. Of these, hospitals & clinics will spearhead the market over the forecast period.

Scoliosis Treatment Market Analysis

The global scoliosis treatment market was valued USD 2,580.2 million in 2018 and is likely to grow at a 3.9% CAGR between 2019- 2025, as per the new report by Market Research Future (MRFR). Scoliosis, simply put, is an abnormal curve that happens in the spinal cord. Resting on how severe the curve is and its deteriorating risk, the scoliosis disease can be treated through surgery or with bracing. This disease has no cure, but the treatment can help to alleviate the pain.

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Various factors are adding to the global scoliosis treatment market growth. Such factors, according to the new MRFR report, include cost-effective drugs, availability of scoliosis treatment, lack of exercise during puberty, which increases the risk of different spine disorders, rising cases of spine disorders, and increasing prevalence of scoliosis disease.

On the contrary, high treatment or procedure cost and little understanding about the disorders, as well as the treatment options available are factors that may limit the scoliosis treatment market growth over the forecast period.  

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Durable Medical Equipment Market Insights, Growth and Applications By 2027

 

The Market Research Future presents a complete assessment of the MEA Durable Medical Equipment (DME) Market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. 

Categorization/Fragmentation

Durable Medical Equipment (DME) Market has been segmented on the basis of product type which comprises of blood pressure monitors, blood glucose monitors, ventilators, personal mobility devices, traction equipment, wheel chairs, respiratory devices, and others. On the basis of end user, the market is segmented into hospitals and clinics, healthcare institutions, research centers, home healthcare and others.

Geographical Analysis

Considering the Middle-East and Africa Durable Medical Equipment market scenario, Saudi Arabia is believed to be the largest market. Moreover UAE market is also growing and is the second largest market for DME in ME&A region. On the other hand, Egypt’s market is expected to grow at a steady pace in the Middle-East and Africa Durable Medical Equipment market during the forecasted period. Rest of the Middle East and Africa region is likely to have a limited but steady growth of the market till 2022.

MEA Durable Medical Equipment (DME) Market – Overview

Durable medical equipment also known as home medical equipment provides therapeutic benefits to patients. They are very useful for patients who are ill or undergoing some medical procedures. They are widely used by hospitals and clinics. These devices can also be managed by a caregiver or a family member of the patient. Medical professional recommend these devises according to present condition of patients. Due to increasing chronic diseases, high number of geriatric population and accident disability, the demand for durable medical equipment is increasing.

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Middle East and Africa represents about 2% of global healthcare expenditure since countries in these regions bear a heavy burden of disabilities. Durable medical equipment manufacturers are investing huge amount of money to develop more innovative products. Middle-East and Africa Durable Medical Equipment (DME) market is growing moderately at a CAGR of 4.2% and expected to reach US$ 4.65 billion by 2022.

Competitive Tracking

Market Research Future (MRFR) recognizes the following companies as the key players in MEA Durable Medical Equipment (DME) Market: There are plenty of large and small market players which operate in this market all over the globe.

Some of the key players in this market are: Invacare Corporation (US), Medical Depot, Inc. (US), The Braun Corporation (US), Sunrise Medical (Germany), Permobil (Sweden), Medline Industries, Inc. (US), Compass Health Brands (US), ArjoHuntleigh (Sweden), Hill-Rom (US), GF HEALTH PRODUCTS, INC. (US)

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Key Questions Answered In This Report:

What will the market size and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Human Insulin Market Dynamics, Analysis and Insights To 2027

 Human Insulin Boomers & Decliners

Over time, incidences of the disease have been augmented outrageously, with the surge in population worldwide. Approximately a hundred million people globally need insulin, including all the people suffering from Type 1 diabetes and amid 10-25% of people with Type 2 diabetes. Though insulin has been used in the treatment of diabetes for over ninety years, worldwide, more than half of those who need insulin now still cannot pay and access it. People with Type 1 diabetes require insulin therapy, which focuses on managing blood sugar levels, along with insulin, diet, and lifestyle, to avert complications. These factors have suggested being an essential factor leading the global human insulin market.

Globally, the demand for human insulin market has mature majorly due to the rising incidence of diabetes and obesity caused by changing lifestyles and overconsumption of sugar in various varieties of food and beverages. These significant factors have grown the need for human insulin and have boosted the global human insulin market. Furthermore, increasing investments in research and development activities by various organizations that have eased out the way insulin is injected have also benefitted this market considerably.

The introduction of the safety pen needles and pen devices for efficient delivery of insulin is motivating the global market for human insulin. Moreover, mounting awareness about diabetes has motivated the demand in the human insulin market. Therefore, over the course of six years, from 2019 to 2025, the global human insulin market is likely to expand at a vigorous CAGR.

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Human Insulin Market Segment Review

Based on the segment of type, the market includes traditional human insulin and modern human insulin. The traditional human insulin segment incorporates intermediate-acting, premixed traditional, and short-acting. The modern human insulin segment incorporates long-acting, premixed modern, as well as of rapid-acting.

The market, by the segment of the brand, has included Novorapid, Lantus, Novomix, Humalog, Apidar, Humulin, Levemir, and Insuman.

Human Insulin Market Landscape

The structural tailwinds in the healthcare industry are blowing like a gale out of the global economy. The fiscal development of any country is primarily prejudiced by its healthcare industry as it proffers a mammoth array of products and endows with medical solutions in virtually all sectors of the economy. The global Human Insulin Market 2020 size is now estimated at USD 90,812.40 Million and is expected to grow at 12.10 percent per annum over the next five years that is from 2019 to 2025—states Market Research Future (MRFR). In this report, MRFR is also regularly tracking the direct effect of COVID-19 on the market at a global level.

Human Insulin Market Top Players

The top players in the global human insulin market are

• MERCK & CO. INC.
• ADOCIA
• Pfizer Inc.
• Bristol-Myers Squibb Company
• Julphar
• SANOFI
• GLAXOSMITHKLINE PLC
• Novo Nordisk India Pvt. Ltd
• Oramed
• BIOCON
• Eli Lilly and Company
• Tonghua Dongbao Pharmaceutical Co., Ltd.

Human Insulin Market Regional Framework

The Americas lead the human insulin market due to the growing, increasing healthcare awareness, old age population, improvement in reimbursement policies, rising prevalence of diabetes, and mounting clinical trials driving the expansion of human insulin.

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In 2018, Europe stood second in the global Human Insulin market. The escalating focus on the treatment of diabetes and rising clinical trials by market players will support the growth of the Europe Human Insulin market. In the case of point, a France-based firm, Adocia, received flattering topline pharmacodynamic and safety consequences from the Phase 1 study of ADO09. ADO09 is intended to perk up postprandial glucose control and long-term outcomes for people requiring prandial insulin treatment.

Asia-Pacific might also record the peak CAGR during the forecast period. Companies are introducing innovative advanced products in this region, which is boosting the Asia-Pacific human insulin market. In March 2018, Biocon Ltd and Mylan NV received approval for biosimilar insulin glargine Semglee 100 IU/mL 3 mL prefilled pen from the Therapeutic Goods Administration (TGA) Australia.

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AI in Healthcare Market Sales, Supply and Demand | Forecast to 2027

 

Healthcare Artificial Intelligence (AI) Market Competitive Dashboard

The eminent players profiled in the healthcare artificial intelligence market report are IBM Corporation, Koninklijke Philips N.V., NVIDIA Corporation, Intel Corporation, Microsoft Corporation, Deep Genomics, Inc., General Electric Company, Siemens Healthineers GmbH, Google, Inc., CloudMedx Inc., Johnson & Johnson, General Vision, Inc., Stryker Corporation, Medtronic Plc., and others.

Global Healthcare Artificial Intelligence Market 2020 is poised to expand at a CAGR of 51.9% during the review period (2018 to 2023).

Healthcare Artificial Intelligence (AI) Market Highlights

The applications of artificial intelligence are likely to lead marketing and financial applications such as demand analysis, risk management, financial growth estimation, and others. Another promising business indicator is the growing introduction of artificial intelligence in healthcare that duplicates the retail sector. In tandem with the interests of giants such as Google and Microsoft, the exponential rise in seed and startup capital has resulted in considerable excitement for the industry. This, combined with the attractive scaling and expanding economy, has resulted in a burst of business investment.

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Google and Microsoft are the first data-driven artificial intelligence firms with profoundly rooted Machine learning and cloud applications and strategies. This positions them and these other firms at a crucial advantage over others. Medical drivers provide time and cost savings from the identification of image and speech characteristics through automatic diagnosis. IBM Watson has a substantial vital edge in this area and is an industry leader. Oncology has received the most significant consumer interest in the application of AI diagnosis. Other industry drivers are the acceptance of robotic surgery and precision medicine, clinical trials, and others.

Healthcare Artificial Intelligence (AI) Market Segmental Analysis

The global healthcare artificial intelligence market is segmented based on technology, components, applications, and end-user.

Based on the component, global artificial intelligence in the healthcare market is categorized into software, hardware, services.

Based on the application, the market is segmented into, clinical trial, virtual nursing assistant, dosage error reduction, preliminary diagnosis, robot-assisted surgery automated image diagnosis.

Based on the technology, the market is segmented into querying methods, machine learning, and natural language processing.

Based on the end-user, the market is segmented into pharmaceutical & biotechnology companies,hospital & diagnostic centers, academic & research laboratories.

Healthcare Artificial Intelligence (AI) Market Regional Overview

The global healthcare AI market, based on region, is divided into Europe, Asia-Pacific, the Americas, and the Middle East and Africa.

In 2017, the Americas accounted for the highest market share and were expected to lead the worldwide AI market for healthcare. Thanks to the rising biotechnology industry, developing cases of robotic surgery, and a well-developed healthcare system, the Americas is the largest regional market. The US has the highest number of registered hospitals in the region; however, a shortage of healthcare professionals is anticipated in the coming years. AI will aid with the monitoring of health records, medical care, and hospital technology software, and will further mitigate those issues. Furthermore, the aging population, declining healthcare workers in North American countries, growing demand for enhanced diagnostic and treatment facilities, growing demand for digital health systems, and substantial involvement of major AI technology and software developers in the area are other factors that support business growth.

In 2017, Europe accounted for the second-largest market share due to comprehensive healthcare AI R&D and expanded investment, as well as growing technological acceptance within the country.

Asia-Pacific is expected to report a healthy CAGR during the forecast period due to the growing therapeutic demand for chronic diseases and the rapidly shifting healthcare sector. On the other hand, due to less accessibility to health care, lack of knowledge, and rigid government rules and regulations, the Middle East and Africa are expected to see sluggish development.

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