Singapore Ai In Healthcare Market Size & Outlook
Singapore ai in healthcare market, 2016-2030 (US$M)
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Singapore ai in healthcare market highlights
- The Singapore ai in healthcare market generated a revenue of USD 78.1 million in 2023 and is expected to reach USD 881.3 million by 2030.
- The Singapore market is expected to grow at a CAGR of 41.4% 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 78.1 million |
| Market revenue in 2030 | USD 881.3 million |
| Growth rate | 41.4% (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, Singapore accounted for 0.3% 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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Singapore 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 58.26% in 2023. Horizon Databook has segmented the Singapore ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
Singapore is combining AI technology with cloud computing, data analysis, and software algorithms to recognize patterns within data. The objective is to check data to diagnose diseases with more accuracy & efficiency and treat illnesses as earlier as possible.
In 2016, several initiatives were undertaken by the Singapore government, for instance, the government announced investment of SGD 150 Billion in a national program called AISG, which includes partnership between six government agencies. This program would have applications in three key areas healthcare, finance, and city management solutions.
Singapore is a leader of digital healthcare in Southeast Asia, wherein several AI in healthcare projects is ongoing in the national healthcare system. For instance, contactless vital sign monitors equipped with AI technology are soon going to be available in Singapore hospitals, which would assist in reading patients heart rate and blood pressure remotely.
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Singapore ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore ai in healthcare market size, by component, 2016-2030 (US$M)
Singapore AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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