India Ai In Healthcare Market Size & Outlook, 2023-2030
India ai in healthcare market, 2016-2030 (US$M)
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India ai in healthcare market highlights
- The India ai in healthcare market generated a revenue of USD 758.8 million in 2023 and is expected to reach USD 8,728.0 million by 2030.
- The India market is expected to grow at a CAGR of 41.8% 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 758.8 million |
| Market revenue in 2030 | USD 8,728.0 million |
| Growth rate | 41.8% (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, India accounted for 3.4% 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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India 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 India ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
India is among the countries that have readily embraced AI in healthcare sector. Tech giants have started focusing on implementing AI in healthcare in the country. For instance, Amazon’s Cloud arm Amazon Web Services has a machine learning service called SageMaker that assists developers in creating AI models for healthcare.
In India, AI in healthcare sector is significantly growing. For instance, Microsoft along with Apollo Hospitals and other hospitals has undertaken significant initiatives to expand use of AI in several segments such as eye care & cardiology and diseases including tuberculosis & HIV.
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Our clientele includes a mix of ai in healthcare market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into India ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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India ai in healthcare market size, by component, 2016-2030 (US$M)
India AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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