Assessment of the global artificial intelligence market in healthcare

Authors

DOI:

https://doi.org/10.15587/2706-5448.2024.316451

Keywords:

artificial intelligence, health care, market characteristics, market segmentation, market dynamics

Abstract

Recently, there has been a significant increase in the use of artificial intelligence in healthcare, an increased trust of healthcare providers in artificial intelligence, and the interest of investors in the development of healthcare solutions based on artificial intelligence. The vast majority of providers of medical services and technologies, as well as of biomedical companies, are using artificial intelligence which confirms the great demand in the field of health care. The increased adoption of artificial intelligence techniques in medical applications has led to the focus of key market participants on new products and technical connections to expand commercial production.

The object of research is the world market of artificial intelligence in healthcare. Factors influencing the market positively and negatively have been identified. The general characteristics are given, as well as key points of the state and development of the market. The market is segmented by geographic regions, applications, therapeutic area support, market components, technologies, and usage. According to the segmentation of the world artificial intelligence market in health care by geographical regions, the largest market share belonged to the segment of the North American region (45 %); by application – to clinical trials segment (22.7 %); by the support of therapeutic areas – to radiology segment (75 %); by artificial intelligence components – to software segment (41 %); by technologies – to machine learning segment (33.1 %); by use – to medical imaging and diagnostics segment (27.1 %).

The main strategic trends and directions of further development of the market of artificial intelligence in health care are provided. The dynamics of the market in terms of growth factors, market opportunities, limitations, and challenges are considered. Important factors inhibiting the development of the artificial intelligence market in the field of health care are the lack of qualified specialists and ineffective cooperation between the public and private sectors.

Data on competitive tech giants and artificial intelligence healthcare powerhouses are provided.

Author Biographies

Victor Malyshev, Private Higher Education Institution «International European University»

Doctor of Technical Science, Professor

Department of Fundamental and Medical and Preventive Disciplines

Yurii Lipskyi, National Academy of Statistics, Accounting and Audit

PhD, Associate Professor

Department of Marketing, Management and Public Administration

Viktoria Kovalenko, Private Higher Education Institution «International European University»

PhD, Associate Professor

Department of Fundamental and Medical and Preventive Disciplines

Angelina Gab, Private Higher Education Institution «International European University»

PhD, Associate Professor

Department of Fundamental and Medical and Preventive Disciplines

Dmytro Shakhnin, Private Higher Education Institution «International European University»

PhD, Associate Professor

Department of Fundamental and Medical and Preventive Disciplines

Olha Orel, Private Higher Education Institution «International European University»

PhD, Lecturer

Department of Fundamental and Medical and Preventive Disciplines

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Assessment of the global artificial intelligence market in healthcare

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Published

2024-12-06

How to Cite

Malyshev, V., Lipskyi, Y., Kovalenko, V., Gab, A., Shakhnin, D., & Orel, O. (2024). Assessment of the global artificial intelligence market in healthcare. Technology Audit and Production Reserves, 6(80). https://doi.org/10.15587/2706-5448.2024.316451

Issue

Vol. 6 No. 80 (2024): Article in Press

Section

Development of Productive Forces and Regional Economy

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Copyright (c) 2024 Victor Malyshev, Yurii Lipskyi, Viktoria Kovalenko, Angelina Gab, Dmytro Shakhnin, Olha Orel

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