New York, NY -- (SBWIRE) -- 05/28/2019 -- This report on Cognitive Computing and Artificial Intelligence Systems Market in Healthcare Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
Artificial intelligence (AI) and cognitive technologies have gained significant traction and have been more widely adopted in recent years. Increased adoption of cognitive and AI platforms can be attributed to their wide application potential across the healthcare industry, including patients and hospitals. Major market players such as IBM, Microsoft and Google have made significant investments in finding healthcare uses for cognitive computing and providing a platform for various startup firms that create specialized applications. The cognitive healthcare industry represents a new partnership between human beings and technology that has the potential to transform healthcare on a global scale.
Cognitive systems that understand, reason and learn are assisting people expand their knowledge base, improve their productivity and deepen their expertise. This has proven extremely useful in various areas of the healthcare industry. With the increasing integration of cognitive computing, users can now see health data that were previously inaccessible which can in turn can have a great impact on the healthcare industry by greatly improving patient care. Humans generate an enormous amount of health-related data. This data comes from a wide variety of sources, such as personal fitness trackers, mobile apps, electronic medical records, as well as genomic and clinical research. The development of AI and cognitive computing platforms can avoid the discarding and wasting of data for the majority of patients.
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Major Players in Cognitive Computing and Artificial Intelligence Systems Market in Healthcarey Market are:
ALPHABET INC. (GOOGLE INC.), Alphabet Inc. Financials, APIXIO INC., APPLE INC., Apple Financials, BIOSYMETRICS, CARESKORE, COGNITIVESCALE, ENLITIC INC., ENTERRA SOLUTIONS, LLC, GENERAL VISION, HEALTHCARE X.O GMBH, ICARBONX, INTEL CORP.
Increases in the processing power and capabilities of AI systems and the dearth of skilled healthcare professionals are expected to drive market growth. Whereas, limitations of AI decision-making and limited acceptance from healthcare professionals due to risk of injury and misinterpretation are expected to restrain the market growth. Conversely, application of AI for novel surgeries and screening in conjunction with an untapped market in developing regions offer lucrative opportunities for market expansion.
The market for cognitive computing and AI in healthcare is segmented based on type of offering, technology, application, end user and region. The market by type of offering is classified into hardware, software and services. Whereas, based on technology, the market is classified natural language processing, context aware processing, deep learning and querying method. Further, based on application the market is categorized into robot assisted surgery, virtual nursing assistants, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis and others. Moreover, based on end users, the market is divided into healthcare providers, pharmaceutical and biotechnology companies, patients and payers.
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Cognitive Computing and Artificial Intelligence Systems Market in Healthcare Market Breakdown by screen size:
- >40 inches
- 40-49 inches
- 50-60 inches
- 60-65 inches
- 70+ inches
Cognitive Computing and Artificial Intelligence Systems Market in Healthcare Market Breakdown by screen technology:
- LED
- OLED
- QLED
- others.
Cognitive Computing and Artificial Intelligence Systems Market in Healthcare Market Breakdown by end use:
- TVs
- phones
- projectors
- monitors
- VR headsets
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Report Includes:
- 51 data tables and 39 additional tables
- An overview of the global market for cognitive computing and artificial intelligence systems in healthcare
- Analyses of market trends, with data from 2016 to 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Identification of key market segments and market structure in cognitive computing and artificial intelligence systems in healthcare technologies
- Coverage of major stakeholders, product portfolio and recent developments
- Examination of competitive landscape for the market leaders
- Information on the trends, gaps and opportunities that will impact the future market
- Company profiles of major players in the market, including Alphabet Inc., Apple Inc., General Vision, IBM, Microsoft Corp., Oncora Medical and Welltok Inc.
Key Points From Table of Contents:
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources and Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Definition of Cognitive Computing
Definition of Artificial intelligence (AI)
Main Areas of AI
Why Artificial Intelligence?
Benefits
History of Artificial Intelligence
Artificial Intelligence and Cognitive Computing in Healthcare
Enhancing Electronic Medical Records
Improving Clinical Teaching
Examples and Use Cases of AI Technology Services and Platforms
Welltok's CafeWell Concierge
IBM's Watson
Future Applications
Market Dynamics
Drivers
Restraints
Opportunities
Continued…..
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