Issues facing the healthcare industry are challenging and complex, including staff reductions, increased service demands and funding cuts. It is not surprising then that many are looking to the advanced solutions that artificial intelligence (AI) can offer in this realm. Kalorama Information's report, The Market for Artificial Intelligence (AI) in Healthcare, quantifies the opportunity and future market opportunity for AI in healthcare, already an almost two-billion-dollar market, with applications in workflow and population health, drug discovery and emerging applications in diagnostics and other areas:

• Global AI in Healthcare Market, 2019-2024
• Global AI Market and Healthcare AI Performance Expectations, 2019 and 2024 ($ Millions)
• Market Share for AI Healthcare by Applications, 2019 (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
• AI Healthcare Market Component Distribution by Application Segment, 2019 (%) (Population Health; Workflow Solutions; Imaging, Diagnostics and Disease Management, Drug Discovery & Development; Other AI)
• AI Healthcare Market Distribution by Global Region, 2019 (%) (U.S., Europe, China, Japan, Rest of Asia Pacific, Latin America, Rest of World)
• AI in Healthcare Demand by Country/Region, 2019 and 2024 ($ millions) (United States, Europe, China, Japan, Other Asia Pacific, Latin America, RoW)

Healthcare applications that are gaining traction utilizing AI include the following segments, which are estimated and forecasted in the report:

• Population health
  • AI Population Health, Market Opportunity, 2019 and 2024
  • Population Health and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Population Health Competitor Review, 2019 (%)
• Workflow solutions
  • AI Healthcare Workflow Solutions, Market Opportunity, 2019 and 2024
  • Workflow Solutions and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Workflow Solutions: Competitor Review, 2019 (%)
• Imaging, diagnostics and disease management
  • AI Imaging, Diagnostics and DM, Market Opportunity, 2019 and 2024
  • AI Imaging, Diagnostics and Disease Management (DM) Estimated Distribution of Sales, 2019 (%)
  • Imaging, Diagnostics, DM and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Imaging AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Diagnostics AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Disease Management AI Market by Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Imaging, Diagnostic, and DM: Competitor Review, 2019 (%)
• Drug discovery and development
  • AI Drug Discovery & Development, Market Opportunity, 2019 and 2024
  • Drug Discovery & Development and AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • AI and Drug Discovery & Development: Competitor Review, 2019 (%)
• Other applications such as risk analysis fraud protection, cybersecurity, data mining and nutrition and fitness
  • Risk Analytics, Cybersecurity and Other AI Market Opportunity, 2019 and 2024 ($ millions)
  • Risk Analytics, Cybersecurity and Other AI Component (Hardware, Software, Services) Analysis, 2019 ($ millions)
  • Risk Analytics, Cybersecurity and Other AI Applications: Competitor Review, 2019 (%)

Future prospects for AI in healthcare include health assistance and medication management, precision medicine applications, drug creation and support in helping people make healthier choices and decisions. The report lists scores of examples of real-world AI offerings, discusses the effects of AI on traditional healthcare delivery and looks at patents in various segments of the market. The AI market consists of a wide range of company types: tech giants, pharmaceutical and biotechnology leaders, medical device companies and imaging vendors, as well as emerging companies that often do the heavy lifting in development and early incubation of how to apply AI in the healthcare field. The report examines company participation by market segment; estimated investor funding, private company focus ($ millions); and estimated market participation by leaders in AI healthcare, by application, 2019 (% market share). The Market for Artificial Intelligence (AI) in Healthcare also profiles these following companies active in the market:

• AiCure
• Amazon Web Services, Inc.
• Atomwise, Inc U.S.
• Bay Labs, Inc
• Berg Health
• BioXcel Therapeutics, Inc.
• Cisco Systems, Inc.
• Clarify Health Solutions
• CloudMedX
• Cyclica
• Deep Genomics, Inc
• Enlitic
• GE Healthcare, Inc.
• Google, Inc. (Alphabet, Inc.)
• IBM, Inc.
• iCarbonX
• Intel, Inc.
• Koninklinjke Philips, Inc.
• Medtronic, Inc.
• Microsoft, Inc.
• Nvidia, Inc.
• Qventus, Inc
• Recursion Pharmaceuticals, Inc.
• SAS Institute, Inc
• Siemens Healthineers GmbH
• Stryker, Inc
• Verint Next IT
• Welltok, Inc.
• Zebra Medical Vision