The Europe artificial intelligence in healthcare market is set to register growth, projecting a CAGR of 35.45% during the forecast period, 2020-2028. The vast research in the genomics and DNA sequencing in the biotechnology sector of the region is projected to result in the generation of considerable amounts of digital healthcare data. This calls for further deployment of big data and artificial intelligence for the strategic management of data, so as to deliver the appropriate healthcare outcomes to the clinicians and doctors.
EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET FORECAST 2020-2028
Europe Artificial Intelligence in Healthcare Market by Offerings (Hardware, Software, Services) by Technology (Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing) by End-user (Acos and Mcos, Patients, Payers, Pharmaceutical and Biotechnology Companies, Providers) by Application (Real-time Monitoring, Precision Medicine, Personal Health and Nursing Assistants, Drug Development and Discovery, Robot-assisted Surgery, Administrative Workflow Assistance, Clinical Trials, Diagnostic and Clinical Decision Support, Others) and by Geography.
The Europe artificial intelligence in healthcare market is set to register growth, projecting a CAGR of 35.45% during the forecast period, 2020-2028. The vast research in the genomics and DNA sequencing in the biotechnology sector of the region is projected to result in the generation of considerable amounts of digital healthcare data. This calls for further deployment of big data and artificial intelligence for the strategic management of data, so as to deliver the appropriate healthcare outcomes to the clinicians and doctors. Such steps are projected to aid market growth in the region.
The Europe artificial intelligence in healthcare market growth analysis comprises countries like Poland, Belgium, Italy, the United Kingdom, Germany, Russia, France, and the rest of Europe. In Germany, the growing use of big data in the healthcare industry is one of the important drivers of market growth. Big data is deployed in the medical industry for analyzing the humongous volume of complicated statistics so as to deliver suitable patterns that are crucial for the healthcare industry. It also aids the German physicians in determining the health problems before their occurrence. For instance, the Elsevier Health Analytics Group is deploying big data for revolutionizing patient care in Germany. The integration of big data with AI in healthcare is thus expected to fuel the market growth in Germany. In France, the increasing applications of artificial intelligence in genomics, and the rising demand for a real-time monitoring system in health care, are the factors estimated to impact the growth of the market. AI is utilized in identifying the gene mutations in rare disorders and cancers for aiding the healthcare providers in prescribing the right treatment for ailments.
Microsoft Corporation has a wide consumer base and provides a range of products that include the operating system, outlook, skype, MSOffice, Microsoft dynamics, etc. Microsoft partnered with Nuance in October 2019, with an aim to transform the doctor-patient experience. The product portfolio includes InnerEye, HealthVault Insights, AI health chatbot technology, etc. The company has its headquarters in Redmond, Washington.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- DEVELOPMENT OF ARTIFICIAL INTELLIGENCE IN HEALTHCARE
- MARKET DEFINITION
- KEY DRIVERS
- RISE OF BIG DATA IN HEALTHCARE INDUSTRY
- EMERGENCE OF PERSONALIZED MEDICINE IN TESTS FOR CLINICAL DECISION MAKING
- INCREASING USE OF AI IN GENETICS
- AI CREATING A REAL-TIME MONITORING SYSTEM
- HEALTHCARE WEARABLES PLAYING AN IMPORTANT ROLE IN MONITORING
- KEY RESTRAINTS
- SLOW ADOPTION OF AI BASED TECHNOLOGIES
- AMBIGUOUS REGULATORY GUIDELINES FOR MEDICAL SOFTWARE
- CHALLENGE TO MAINTAIN DATA SECURITY
- LACK OF USABLE DATA IN HEALTHCARE
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- DATA WAREHOUSE
- ARTIFICIAL INTELLIGENCE (AI) ANALYSIS
- SOFTWARE DEVELOPMENT
- KEY BUYING CRITERIA
- APPLICATION
- TECHNOLOGY
- INTEGRATION WITH EXISTING INFRASTRUCTURE
- REGULATORY FRAMEWORK
- MARKET BY OFFERINGS
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- DEEP LEARNING
- QUERYING METHOD
- NATURAL LANGUAGE PROCESSING
- CONTEXT AWARE PROCESSING
- MARKET BY END-USER
- ACOS AND MCOS
- PATIENTS
- PAYERS
- PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
- PROVIDERS
- MARKET BY APPLICATION
- REAL-TIME MONITORING
- PRECISION MEDICINE
- PERSONAL HEALTH AND NURSING ASSISTANTS
- DRUG DEVELOPMENT AND DISCOVERY
- ROBOT-ASSISTED SURGERY
- ADMINISTRATIVE WORKFLOW ASSISTANCE
- CLINICAL TRIALS
- DIAGNOSTIC AND CLINICAL DECISION SUPPORT
- OTHERS
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- COMPANY PROFILES
- DEEP GENOMICS INC
- ENLITIC INC
- GE HEALTHCARE
- GENERAL VISION INC
- IBM CORPORATION
- ICARBONX
- INTEL CORPORATION
- MICROSOFT CORPORATION
- NEXT IT CORPORATION
- NVIDIA CORPORATION
- ONCORA MEDICAL
- RECURSION PHARMACEUTICALS INC
- STRYKER CORPORATION
- WELLTOK INC
TABLE LIST
TABLE 1: MARKET SNAPSHOT – ARTIFICIAL INTELLIGENCE IN HEALTHCARE
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERINGS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 4: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OFFERINGS, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 5: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 6: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 7: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 8: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY END-USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 9: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 10: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 11: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 12: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
FIGURE LIST
FIGURE 1: TIMELINE OF ARTIFICIAL INTELLIGENCE IN HEALTHCARE
FIGURE 2: WORLDWIDE INTERNET USAGE IN MILLIONS & PER 100 INHABITANTS (2001-2019)
FIGURE 3: WORLDWIDE HEALTHCARE IOT DEVICE INSTALLATIONS
FIGURE 4: KEY INVESTMENT INSIGHTS
FIGURE 5: PORTER’S FIVE FORCE ANALYSIS
FIGURE 6: OPPORTUNITY MATRIX
FIGURE 7: VENDOR LANDSCAPE
FIGURE 8: VALUE CHAIN ANALYSIS OF AI IN HEALTHCARE MARKET
FIGURE 9: KEY BUYING CRITERIA
FIGURE 10: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY OFFERINGS, IN 2019
FIGURE 11: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY HARDWARE, 2020-2028 (IN $ MILLION)
FIGURE 12: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY SOFTWARE, 2020-2028 (IN $ MILLION)
FIGURE 13: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY SERVICES, 2020-2028 (IN $ MILLION)
FIGURE 14: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
FIGURE 15: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY DEEP LEARNING, 2020-2028 (IN $ MILLION)
FIGURE 16: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY QUERYING METHOD, 2020-2028 (IN $ MILLION)
FIGURE 17: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY NATURAL LANGUAGE PROCESSING, 2020-2028 (IN $ MILLION)
FIGURE 18: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY CONTEXT AWARE PROCESSING, 2020-2028 (IN $ MILLION)
FIGURE 19: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
FIGURE 20: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY ACOS AND MCOS, 2020-2028 (IN $ MILLION)
FIGURE 21: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PATIENTS, 2020-2028 (IN $ MILLION)
FIGURE 22: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PAYERS, 2020-2028 (IN $ MILLION)
FIGURE 23: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES, 2020-2028 (IN $ MILLION)
FIGURE 24: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PROVIDERS, 2020-2028 (IN $ MILLION)
FIGURE 25: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019
FIGURE 26: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY REAL-TIME MONITORING, 2020-2028 (IN $ MILLION)
FIGURE 27: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PRECISION MEDICINE, 2020-2028 (IN $ MILLION)
FIGURE 28: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY PERSONAL HEALTH AND NURSING ASSISTANTS, 2020-2028 (IN $ MILLION)
FIGURE 29: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY DRUG DEVELOPMENT AND DISCOVERY, 2020-2028 (IN $ MILLION)
FIGURE 30: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY ROBOT-ASSISTED SURGERY, 2020-2028 (IN $ MILLION)
FIGURE 31: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY ADMINISTRATIVE WORKFLOW ASSISTANCE, 2020-2028 (IN $ MILLION)
FIGURE 32: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY CLINICAL TRIALS, 2020-2028 (IN $ MILLION)
FIGURE 33: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY DIAGNOSTIC AND CLINICAL DECISION SUPPORT, 2020-2028 (IN $ MILLION)
FIGURE 34: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 35: EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 36: UNITED KINGDOM ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 37: GERMANY ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 38: FRANCE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 39: ITALY ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 40: RUSSIA ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 41: BELGIUM ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 42: POLAND ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
FIGURE 43: REST OF EUROPE ARTIFICIAL INTELLIGENCE IN HEALTHCARE MARKET, 2020-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- EUROPE
- MARKET BY OFFERINGS
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- DEEP LEARNING
- QUERYING METHOD
- NATURAL LANGUAGE PROCESSING
- CONTEXT AWARE PROCESSING
- MARKET BY END-USER
- ACOS AND MCOS
- PATIENTS
- PAYERS
- PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
- PROVIDERS
- MARKET BY APPLICATION
- REAL-TIME MONITORING
- PRECISION MEDICINE
- PERSONAL HEALTH AND NURSING ASSISTANTS
- DRUG DEVELOPMENT AND DISCOVERY
- ROBOT-ASSISTED SURGERY
- ADMINISTRATIVE WORKFLOW ASSISTANCE
- CLINICAL TRIALS
- DIAGNOSTIC AND CLINICAL DECISION SUPPORT
- OTHERS
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