China Ai In Healthcare Market Size & Outlook, 2023-2030
China ai in healthcare market, 2016-2030 (US$M)
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China ai in healthcare market highlights
- The China ai in healthcare market generated a revenue of USD 1,585.5 million in 2023 and is expected to reach USD 18,883.6 million by 2030.
- The China market is expected to grow at a CAGR of 42.5% 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 1,585.5 million |
| Market revenue in 2030 | USD 18,883.6 million |
| Growth rate | 42.5% (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, China accounted for 7.1% 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 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 |
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China 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 China ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
China is increasing application of AI in healthcare system, which is rapidly improving disease diagnosis and treatment accuracy in country-level hospitals. Various startups are investing in AI in healthcare to make this sector more successful for patients and doctors.
In January 2018, the Chinese government announced investment of USD 2.1 billion to build an AI industrial park in Beijing and the Ministry of Education launched a five-year AI training program. Since 2014, Tencent Holdings Limited invested around EUR 2.57 billion in 33 health-related startups in China.
Rapidly aging population, hospitals overburdened with patients, and shortage of doctors are among the factors that have led e-commerce giant Alibaba to provide AI and machine learning to help doctors and hospitals.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into China ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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China ai in healthcare market size, by component, 2016-2030 (US$M)
China AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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