Artificial Intelligence for Healthcare Applications

Medical Image Analysis, Virtual Assistants for Patients, Patient Data Processing, Computational Drug Discovery, Converting Paperwork into Digital Data, Medical Treatment Recommendation, and Other Use Cases: Market Analysis and Forecasts

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Pages:81
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Publication Date:3Q 2017
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Healthcare has undergone a transformation over the past several years, shifting from paper-based records systems to electronic records, as well as incorporating digital health monitoring devices and other advanced patient screening systems. These advances have led to an explosion of data, which can best be manipulated and analyzed by artificial intelligence (AI) technology. In healthcare, AI is largely being implemented as a tool to more efficiently and accurately review data, and uncover patterns in the data that can be used to improve analyses, uncover inefficiencies, and streamline care, from both a clinical and an operational perspective. The overarching driver is to provide better care for patients, while reducing costs and administrative headaches and bottlenecks.

Controlling and reducing cost is a major driver of many healthcare initiatives, and the incorporation of AI technology is no exception. Contrary to consumer markets, there is little desire to deploy new technology for technology’s sake; healthcare has many safety and operational issues that prevent the frivolous introduction of technology, which yields little benefit. AI applications generally are designed to address specific, real-world use cases that make the diagnosis, monitoring, and treatment of patients more efficient, accurate, and available to populations around the world. Tractica forecasts that the global market for healthcare AI software, hardware, and services will increase from $234 million in 2016 to $19.3 billion by 2025.

This Tractica report focuses on 21 healthcare-focused use cases for artificial intelligence, including an assessment of the market opportunity for AI software, hardware, and services in the healthcare market. The market analysis and forecasts within the study cover industry dynamics in five major world regions and are based on an in-depth assessment of major companies as well as startup-level activity in the healthcare AI space. Revenue forecasts for each use case are segmented by world region, and the study also includes profiles of 16 key industry players.

Key Questions Addressed:

  • How much revenue will be generated by the sale of AI-based hardware, software, and services focused on the healthcare market?
  • Which use cases are projected to generate the most revenue throughout the forecast period?
  • Which hospitals and other providers are utilizing AI-based applications and services?
  • Which vendors have developed AI-based technologies and are currently selling into the market?
  • What types of future healthcare AI use cases may be on the horizon?
  • Which geographic regions are projected to generate the most revenue in healthcare AI?

Who Needs This Report?

  • Artificial intelligence technology companies
  • Semiconductor and component vendors
  • Service providers and systems integrators
  • Medical device and healthcare software companies
  • Health systems, healthcare insurance companies, provider networks
  • Government agencies
  • Investor community

Table of Contents

  1. Executive Summary
    1. Artificial Intelligence on the Rise
    2. Market Drivers
      1. Digital Healthcare Revolution
      2. Rising Costs
      3. Disease Management
      4. Increasing Utilization of Electronic Health Records
      5. Improvements in Natural Language Processing and Computer Vision
      6. Increasing Complexity
    3. Market Barriers
      1. Physician and Provider Skepticism
      2. Technology and Ecosystem Complexity
      3. Regulatory Questions
    4. Market Forecasts
  2. Market Issues
    1. Market Drivers
      1. The Digital Health Revolution
      2. Cost Savings
      3. Data Handling Challenges
      4. Active Disease Research, Treatment, and Management
      5. Growth of Genomic Sequencing Databases
      6. Increasing Utilization of Electronic Health Records
      7. Improvements in Natural Language Processing and Computer Vision
      8. Increasing Complexity
    2. Healthcare Artificial Intelligence Use Cases
      1. Automated Report Generation
      2. Bio-Marker Discovery
      3. Clustering and Phenotype Discovery
      4. Computational Drug Discovery
      5. Converting Paperwork into Digital Assets
      6. Facial Recognition
      7. Genomic Data Mapping and Analysis for Personalized Healthcare and Precision Medicine
      8. Hospital Patient Management System
      9. Market Intelligence for Life Sciences
      10. Medical Diagnosis Assistance
      11. Medical Image Analysis
      12. Medical Treatment Recommendation
      13. Medication Compliance for Clinical Trials and General Usage
      14. Methods for Monitoring Vitals
      15. Mining, Processing, and Making Sense of Clinical Notes
      16. Patient Data Processing
      17. Portable and Low-Cost Ultrasound Device
      18. Predicting Illness and Patient Outcomes
      19. Text Classification and Mining for Biomedical Literature
      20. Virtual Assistants for Doctors
      21. Virtual Assistants for Patients
    3. Other Future Use Cases
      1. Artificial Intelligence Robot-Assisted Surgery
      2. Patient Triage and Management
    4. Market Barriers and Challenges
      1. Data Privacy Issues and Cybersecurity Concerns
      2. Physician and Provider Skepticism
      3. Technology and Ecosystem Complexity
      4. Regulatory Questions
  3. Technology Issues
    1. Definition of Artificial Intelligence
    2. Supervised versus Unsupervised Learning Systems
    3. Supervised Learning Technologies
      1. Artificial Neural Networks
      2. Decision Trees
      3. Naïve Bayes Classifiers
    4. Unsupervised Learning Technologies
      1. Deep Learning
      2. Clustering Algorithms
    5. Technical Challenges
      1. Processing Power
      2. Repeatability
    6. Smart Interaction
    7. Natural Language Processing
    8. Personalization
    9. Artificial Intelligence Technology Market Growth
  4. Key Industry Players
    1. Introduction
    2. Company Profiles
      1. 3Scan
      2. Ada
      3. AIME, Inc.
      4. AntWorks
      5. Arterys
      6. md
      7. Deontics
      8. Enlitic
      9. Hexoskin
      10. Hindsait
      11. Lark
      12. Livongo
      13. Maxwell MRI
      14. 2.14Sentrian
      15. XOresearch
      16. Zephyr Health
  5. Market Forecasts
    1. Market Forecast and Segmentation
    2. Global Revenue Forecasts
    3. Regional Segmentation
      1. Software Revenue by Region
      2. Hardware Revenue by Region
      3. Services Revenue by Region
    4. Healthcare Artificial Intelligence Software Forecasts
      1. Medical Image Analysis
      2. Virtual Assistants for Patients
      3. Patient Data Processing
      4. Computational Drug Discovery
      5. Converting Paperwork into Digital Data
      6. Medical Treatment Recommendation
      7. Automated Report Generation
      8. Genomic Data Mapping and Analysis for Personalized Healthcare and Precision
      9. Medical Diagnosis Assistance
      10. Hospital Patient Management System
    5. Healthcare Artificial Intelligence Hardware Forecasts
    6. Services Revenue Forecasts
      1. Cloud-Based Services Revenue
      2. Services Revenue Breakouts by Service Category
    7. Conclusions and Recommendations
  6. Company Directory
  7. Acronym and Abbreviation List
  8. Table of Contents
  9. Table of Charts and Figures
  10. Scope of Study, Sources and Methodology, Notes

List of Charts, Figures, and Tables

Charts
  • Healthcare Artificial Intelligence Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue, World Markets: 2016-2025
  • Top 5 Healthcare AI Use Cases Revenue, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Total Revenue by Segment, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Total Software, Service, and Hardware Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Hardware Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue by Use Case, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Image Analysis by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Virtual Assistants for Patients by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Patient Data Processing by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Computational Drug Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Converting Paperwork into Digital Data by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Treatment Recommendation by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Automated Report Generation by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Genomic Data Mapping and Analysis for Personalized Healthcare by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Diagnosis Assistance by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Hospital Patient Management Systems by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Hardware Revenue by Product Category, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Cloud Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Services Revenue by Service Category, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Bio-Marker Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medication Compliance for Clinical Trials and General Usage by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Methods for Monitoring Vitals by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Clustering and Phenotype Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Predicting Illness and Patient Outcomes by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Facial Recognition by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Text Classification and Mining for Biomedical Literature by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Mining, Processing, and Making Sense of Clinical Notes by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Virtual Assistants for Doctors by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Market Intelligence for Life Sciences by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Portable and Low-Cost Ultrasound Devices by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Cloud Services Revenue, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven CPU, ASIC, FPGA Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven GPU Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Network Products Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Storage Devices Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Installation Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Training Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Customization Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Application Integration Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Support and Maintenance Services Revenue by Region, World Markets: 2016-2025
Tables
  • Healthcare Artificial Intelligence Software Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Total Revenue by Segment, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Hardware Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Total Software, Service, and Hardware Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue by Use Case, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Image Analysis by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Virtual Assistants for Patients by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Patient Data Processing by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Computational Drug Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Converting Paperwork into Digital Data by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Treatment Recommendation by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Automated Report Generation by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Genomic Data Mapping and Analysis for Personalized Healthcare by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medical Diagnosis Assistance by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Hospital Patient Management Systems by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Bio-Marker Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Medication Compliance for Clinical Trials and General Usage by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Methods for Monitoring Vitals by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Clustering and Phenotype Discovery by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Predicting Illness and Patient Outcomes by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Facial Recognition by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Text Classification and Mining for Biomedical Literature by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Mining, Processing, and Making Sense of Clinical Notes by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Virtual Assistants for Doctors by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Market Intelligence for Life Sciences by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence Software Revenue for Portable and Low-Cost Ultrasound Devices by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Hardware Revenue by Product Category, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Cloud Services Revenue, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Cloud Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven CPU, ASIC, FPGA Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven GPU Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Network Products Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Storage Devices Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Services Revenue by Service Category, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Installation Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Training Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Customization Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Application Integration Services Revenue by Region, World Markets: 2016-2025
  • Healthcare Artificial Intelligence-Driven Support and Maintenance Services Revenue by Region, World Markets: 2016-2025
  • Artificial Intelligence Companies in the Healthcare Market
  • Healthcare Artificial Intelligence Software Revenue by Region, World Markets: 2016-2025