Artificial Intelligence Healthcare Market Expected to Grow 47 Percent

Lack of a skilled workforce and stringent rules are expected to restrain the market growth.

By HFT Staff
October 24, 2022

The artificial intelligence (AI) in healthcare market size is estimated to be $5,983.12 million in 2021 and is expected to witness a compounded annual growth rate (CAGR) of 47.31 percent during the forecast period 2022-2029. The rising dataset complexity and volume of healthcare data, an increase in industry-to-industry alliances and collaborations and advances in processing power are some of the key drivers for the market growth. But a lack of skilled workforce and stringent rules are expected to restrain the market growth. 

Based on offering, the market is segmented into services, hardware and software. In 2021, the software segment accounted for the largest revenue share because of ongoing software innovation that meets the needs of the healthcare industry. 

Based on end user, the market is segmented into healthcare providers, patients, pharmaceutical and biotechnology companies and payers. In 2021, the healthcare providers segment accounted for the largest revenue share owing to rise in the use and applications of AI systems to enhance patient outcomes and maintain EHR and patient records. 

See the latest posts on our homepage Share

Topic Area: Information Technology

Recent Posts
Recent Posts

Disinfectants That Don't Disinfect

Workers cannot kill the pathogens if they do not make contact using an activated disinfect that is allowed to remain wet according to the product’s label.


Crib Shortage Leaves Healthcare Facilities Scrambling During Flu Season

Increase of flu, RSV and COVID-19 cases in pediatric hospitals has left facilities without enough appropriate equipment.


Genesee Health System Supports Families with New Behavior Health Facility

HED developed a new facility that brings all of GHS’ children’s program to one space.


CMS Alert Targets Healthcare Workplace Violence

Facilities have been put on notice that they are responsible for protecting patients and healthcare workers from physical violence.


Memorial Hospital Ends Labor and Delivery Birthing Services

The hospital still plans to provide pediatric services, prenatal, postpartum and women’s services.



News & Updates • Webcast Alerts • Building Technologies

All fields are required.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You Might Like