Global AI in healthcare market expected to reach over $8 billion by 2026

The Asia Pacific is the fastest growing market owing to the huge untapped opportunity in this region, according to a report by market research firm Acumen Research and Consulting.

The global AI in healthcare market is expected to reach over 8 USD billion by 2026 and is expected to growing at 49.7% CAGR during the forecast period, 2019-2026, according to a report by market research firm Acumen Research and Consulting.

The Asia Pacific is the fastest growing market owing to the huge untapped opportunity in this region. It is expected that Japan will lead the Asia Pacific market, whereas, India and China will show a growth in the market.

Artificial Intelligence could have far-reaching effects on healthcare by helping in the detection of diseases and continuous monitoring of the conditions.

To improve the technology the researcher and scientist are working on improving the applications of Artificial Intelligence. For instance, Google has developed a wide range of products and is focusing on various sectors through their AI solutions. Moreover, the company is focusing on collaboration and acquisition strategy to spread their wing under AI domain.

Still, there are huge opportunities in the market and it is clear that in coming years the technology will transform the healthcare sector.

America commands the largest share in the global AI in healthcare market owing to the increasing adoption and awareness about AI technology, according to the report.

Various tech giants such as Amazon.com, Inc., IBM Corporation, AMD, NVIDIA Corp., Oracle Corp. are offering AI-based services.

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