Canada Ai In Healthcare Market Size & Outlook, 2023-2030
Canada ai in healthcare market, 2016-2030 (US$M)
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Canada ai in healthcare market highlights
- The Canada ai in healthcare market generated a revenue of USD 1,133.8 million in 2023 and is expected to reach USD 10,767.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 37.9% from 2024 to 2030.
- In terms of segment, services 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 1,133.8 million |
| Market revenue in 2030 | USD 10,767.3 million |
| Growth rate | 37.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| 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, Canada accounted for 5.1% 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 North America, U.S. ai in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10,767.3 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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.
Services was the largest segment with a revenue share of 37.26% in 2023. Horizon Databook has segmented the Canada ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
The increase in adoption of AI in medical imaging has contributed to the market growth in Canada. For instance, Toronto’s Humber River Hospital (HRH) in collaboration with GE Healthcare installed a medical imaging tile that is a combination of artificial and human intelligence to analyze real-time data.
Growing use of AI in cancer research and treatment is leading to significant developments in the market. For instance, Microsoft Canada in partnership with BC Cancer has enabled researchers to analyze data inside a tumor at the cellular level and determine how a person’s cancer might respond to chemotherapy through the use of Azure Cloud platform.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Canada ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ai in healthcare market size, by component, 2016-2030 (US$M)
Canada AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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