Monday, December 6, 2021

g-f(2)708 THE BIG PICTURE OF THE DIGITAL AGE (12/6/2021), yahoo!finance, Cision, Artificial Intelligence in the Global Healthcare Market 2021-2025: A US$22.68 Billion Market by 2025

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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageArtificial Intelligence, Global Healthcare Market (12/6/2021)  g-f(2)426 

OPPORTUNITY, yahoo!finance, Cision

  • The global AI in healthcare market is forecasted to record a value of US$22.68 billion in 2025, progressing at a CAGR of 35.59%, for the duration spanning 2021-2025.
  • Factors such as rising utilization of robots for surgical and rehabilitation procedures, growing potential of AI-based tools for elderly care, surging investment in AI deals in healthcare and rising adoption of wearable devices are driving growth.

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Lessons learned, yahoo!finance, Cision 

  • The market growth would be challenged by reluctance among medical practitioners regarding the adoption of AI-based technologies and concerns regarding data privacy. The market is anticipated to experience certain trends like shortage of skilled workforce, upsurge in demand for personalized medicine and rising number of cross-industry partnerships and collaborations.

Condensed knowledge

Lessons learned, yahoo!finance, Cision 

    • The fastest growing regional market is North America due to surging adoption of machine learning in the medical sector leading to the growth of AI in the healthcare market in countries like the U.S. and Canada and increasing government initiatives to adopt digital platforms in healthcare industry and sector. Further, the COVID-19 outbreak has significantly promoted the implementation of remote health check-ups using digital tools, which positively impacted the market growth.

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      • Category 2: The Big Picture of the Digital Age
      • [genioux fact deduced or extracted from yahoo!finance, Cision]
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