AI in healthcare market projected to grow at 50% year on year from 2018 to 2025
The AI in healthcare market is expected to grow from $2.1 billion in 2018 to $36.1 billion by 2025, according to a new report from Research and Markets. The main drivers of that growth are increasing healthcare costs, and the growing availability of large and complex data sets.
Hospitals are likely to be the largest buyers of AI solutions. There are a large number of applications of AI solutions across provider settings; ability of AI systems to improve care delivery, patient experience, and bring down costs; and growing adoption of electronic health records by healthcare organizations. Moreover, AI-based tools, such as voice recognition software and clinical decision support systems, help streamline workflow processes in hospitals, lower cost, improve care delivery, and enhance patient experience.