Asia Pacific Ai In Healthcare Market Size & Outlook
Asia Pacific ai in healthcare market, 2016-2030 (US$M)
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Asia Pacific ai in healthcare market highlights
- The Asia Pacific ai in healthcare market generated a revenue of USD 4,614.0 million in 2023.
- The market is expected to grow at a CAGR of 40.9% from 2024 to 2030.
- In terms of segment, software solutions was the largest revenue generating component in 2023.
- Software Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,614.0 million |
| Market revenue in 2030 | USD 50,917.1 million |
| Growth rate | 40.9% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Services, Software Solutions |
| Key market players worldwide | Microsoft Corp, International Business Machines Corp, Alphabet Inc Class A, NVIDIA Corp, Intel Corp, GE Aerospace, Medtronic PLC, Oracle Corp, Medidata, Merck KGaA, IQVIA Holdings Inc, Itrex Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.6% of the global ai in healthcare market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 50,917.1 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific ai in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in healthcare market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 56.62% in 2023. Horizon Databook has segmented the Asia Pacific ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
Increasing patient pool, growing acceptance of cloud computing, and rising number of government programs supporting AI are among the factors primarily driving the market growth. In addition, increasing number of biopharmaceutical firms are applying AI to modernize the drug discovery process and AI application is found in the field of diagnostics.
For instance, in 2016, China’s Tencent introduced an AI-driven diagnostic medical imaging facility called AI Medical Innovation System (AIMIS). The technology has exhibited 90% and 95% accuracy for initial diagnoses of esophageal and lung cancer, respectively.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ai in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ai in healthcare market size, by country, 2016-2030 (US$M)
Asia Pacific AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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