Australia Ai In Healthcare Market Size & Outlook
Australia ai in healthcare market, 2016-2030 (US$M)
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Australia ai in healthcare market highlights
- The Australia ai in healthcare market generated a revenue of USD 197.6 million in 2023 and is expected to reach USD 2,157.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 40.7% 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.
Ai in healthcare market data book summary
| Market revenue in 2023 | USD 197.6 million |
| Market revenue in 2030 | USD 2,157.3 million |
| Growth rate | 40.7% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 0.9% of the global ai in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ai in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,883.6 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 58.25% in 2023. Horizon Databook has segmented the Australia ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
Australia’s healthcare system is mostly managed by the government. Various factors such as ineffective coverage of treatment, long waiting duration for surgery, and higher burden of chronic diseases in rural areas are among the major factors boosting the adoption of digital tools such as AI for better patient outcomes in the country.
To improve diagnostic neuroimaging of brain ailments, such as dementia and sclerosis, the federal government has awarded USD 2.36 Billion to Sydney Neuroimaging Analysis Center to partner with Brain and Mind Centre for the development of new medical imaging techniques based on AI.
Investments by several startups in AI in healthcare market has contributed to the growth of the market. For instance, Maxwell Plus invested USD 3 Billion to offer a platform to optimize diagnostic imaging technologies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Australia ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Australia ai in healthcare market size, by component, 2016-2030 (US$M)
Australia AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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