Artificial Intelligence for Healthcare Applications

Medical Image Analysis, Healthcare VDAs, Computational Drug Discovery, Medical Treatment Recommendation, Patient Data Processing, and Other Use Cases: Market Analysis and Forecasts

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Pages: 82
Tables, Charts,
     & Figures:
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Publication Date: 3Q 2018
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Healthcare has undergone a significant transformation over the past several years, moving from an antiquated, paper-based records system to a more efficient and integrated system that often incorporates physician, payer, and patient-generated health data. This explosion of data means there is a strong need and des ire for systems that not only will help extract and organize this information, but will also analyze and even provide insights and recommendations on how best to utilize the data.

It is no secret that healthcare is expensive. Controlling and reducing costs is a major driver of many healthcare initiatives, and incorporating artificial intelligence (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. In the context of an industry fueled by these key market drivers, Tractica forecasts that the global market for AI solutions in the healthcare sector will increase from $1 billion in 2017 to more than $34 billion by 2025.

This Tractica report focuses on 22 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 22 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?
  • What types of AI technology will be used in healthcare?
  • Which hospitals and other providers are utilizing AI-based applications and services?
  • What types of future AI use cases may be on the horizon?
  • Which geographic regions are projected to generate the most revenue in healthcare AI?
  • Which vendors have developed AI-based technologies and are currently selling into the market?

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 AI Use Cases
      1. Automated Report Generation
      2. Biomarker Discovery
      3. Clustering and Phenotype Discovery
      4. Computational Drug Discovery and Drug Effectiveness
      5. Converting Paperwork into Digital Data
      6. Counterfeit Drug Analysis
      7. Digital Pathology
      8. Face Recognition
      9. Genomic Data Mapping and Analysis for Personalized Healthcare and Precision Medicine
      10. Hospital Patient Management System
      11. Market Intelligence for Scientific Research
      12. Medical Diagnosis Assistance
      13. Medical Image Analysis
      14. Medical Treatment Recommendation
      15. Medication Compliance for Clinical Trials and General Usage
      16. Methods for Monitoring Vitals
      17. Mining, Processing, and Making Sense of Clinical Notes
      18. Patient Data Processing
      19. Portable and Low-Cost Ultrasound Device
      20. Predicting Illness and Patient Outcomes
      21. Text Classification and Mining for Biomedical Literature
      22. Healthcare VDAs
    3. Other Future Use Cases
      1. AI 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 AI
    2. Supervised versus Unsupervised Learning Systems
      1. Supervised Learning Technologies
      2. Artificial Neural Networks
      3. Decision Trees
      4. Naïve Bayes Classifiers
    3. Unsupervised Learning Technologies
      1. Deep Learning
      2. Clustering Algorithms
    4. Technical Challenges
      1. Processing Power
      2. Repeatability
    5. Smart Interaction
    6. Natural Language Processing
    7. Personalization
    8. AI Technology Market Growth
  4. Key Industry Players
    1. Introduction
    2. Company Profiles
      1. 3Scan
      2. Ada
      3. AIME Inc
      4. 4AntWorks
      5. Arterys
      6. Babylon Health
      7. Bright.md
      8. Deontics
      9. Enlitic
      10. Hexoskin
      11. Hindsait
      12. IBM Watson
      13. iCarbonX
      14. Lark
      15. Livongo
      16. Maxwell MRI
      17. Orbita Inc.
      18. Pieces Technologies, Inc.
      19. Sentrian
      20. XOresearch
      21. Zebra Medical Vision
      22. 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 AI Software Forecasts
      1. Medical Image Analysis
      2. Healthcare VDAs
      3. Computational Drug Discovery
      4. Medical Treatment Recommendation
      5. Patient Data Processing
      6. Medical Diagnosis Assistance
      7. Converting Paperwork into Digital Data
      8. Automated Report Generation
      9. Hospital Patient Management System
      10. Biomarker Discovery
    5. Healthcare AI 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 AI Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue, World Markets: 2017-2025
  • Top 5 Healthcare AI Use Cases Revenue, World Markets: 2017-2025
  • Healthcare AI Total Revenue by Segment, World Markets: 2017-2025
  • Healthcare AI Total Software, Service, and Hardware Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Hardware Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue by Use Case, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Image Analysis by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Healthcare VDAs by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Computational Drug Discovery and Drug Effectiveness by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Treatment Recommendation by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Patient Data Processing by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Diagnosis Assistance by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Converting Paperwork into Digital Data by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Automated Report Generation by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Hospital Patient Management System by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Biomarker Discovery by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Hardware Revenue by Product Category, World Markets: 2017-2025
  • Healthcare AI-Driven Cloud Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Services Revenue by Service Category, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Genomic Data Mapping and Analysis for Personalized Healthcare and Precision Medicine by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medication Compliance for Clinical Trials and General Usage by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Methods for Monitoring Vitals by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Clustering and Phenotype Discovery by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Predicting Illness and Patient Outcomes by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Text Classification and Mining for Biomedical Literature by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Face Recognition by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Market Intelligence for Scientific Research by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Mining, Processing, and Making Sense of Clinical Notes by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Portable and Low-Cost Ultrasound Devices by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Counterfeit Drug Analysis by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Cloud Services Revenue, World Markets: 2017-2025
  • Healthcare AI-Driven CPU, ASIC, FPGA Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven GPU Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Network Products Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Storage Devices Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Installation Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Training Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Customization Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Application Integration Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Support and Maintenance Services Revenue by Region, World Markets: 2017-2025
  • AI Companies in the Healthcare Market
Tables
  • Healthcare AI Software Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Total Revenue by Segment, World Markets: 2017-2025
  • Healthcare AI Hardware Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Total Software, Service, and Hardware Revenue by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue by Use Case, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Image Analysis by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Healthcare VDAs by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Computational Drug Discovery and Drug Effectiveness by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Treatment Recommendation by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Patient Data Processing by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medical Diagnosis Assistance by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Converting Paperwork into Digital Data by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Automated Report Generation by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Hospital Patient Management System by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Biomarker Discovery by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Genomic Data Mapping and Analysis for Personalized Healthcare and Precision Medicine by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Medication Compliance for Clinical Trials and General Usage by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Methods for Monitoring Vitals by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Clustering and Phenotype Discovery by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Predicting Illness and Patient Outcomes by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Text Classification and Mining for Biomedical Literature by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Face Recognition by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Market Intelligence for Scientific Research by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Mining, Processing, and Making Sense of Clinical Notes by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Portable and Low-Cost Ultrasound Devices by Region, World Markets: 2017-2025
  • Healthcare AI Software Revenue for Counterfeit Drug Analysis by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Hardware Revenue by Product Category, World Markets: 2017-2025
  • Healthcare AI-Driven Cloud Services Revenue, World Markets: 2017-2025
  • Healthcare AI-Driven Cloud Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven CPU, ASIC, FPGA Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven GPU Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Network Products Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Storage Devices Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Services Revenue by Service Category, World Markets: 2017-2025
  • Healthcare AI-Driven Installation Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Training Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Customization Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Application Integration Services Revenue by Region, World Markets: 2017-2025
  • Healthcare AI-Driven Support and Maintenance Services Revenue by Region, World Markets: 2017-2025