Precision Business Insights has published a report on the global artificial intelligence in medicine market, estimating its value at USD 1,221.9 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 48.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here – https://www.precisionbusinessinsights.com/market-reports/artificial-intelligence-in-medicine-market 

Artificial intelligence in medicine (AIM) refers to the application of AI technologies to healthcare and medical practices. Its purpose is to improve diagnostic accuracy, treatment planning, patient care, research, and operational efficiency in healthcare systems. AIM involves the use of machine learning algorithms, natural language processing (NLP), computer vision, robotics, and other AI techniques to analyze complex medical data, predict outcomes, and aid healthcare professionals in decision-making.

Drivers:

• Advancements in Technology: Rapid progress in AI algorithms, computing power, and data storage capabilities has enabled the processing and analysis of vast amounts of medical data.
• Big Data in Healthcare: The increasing availability of electronic health records (EHRs), medical imaging, and genomic data offers significant opportunities for AI to deliver insights and improve care.

The global artificial intelligence in medicine market segmentation:

1. By Application: Hospital Workflow, Medical Imaging & Diagnosis, Therapy Planning, and Drug Discovery

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Regional Overview:

The report also examines the current concerns and their Future Effects on the artificial intelligence in medicine market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the artificial intelligence in medicine market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like IBM Corporation, Intel Corporation, Google, Inc., NVIDIA Corporation, Microsoft Corporation, iCarbonX, Next IT Corp., CloudMedx Inc., Carescore, Johnson & Johnson, Welltok, Inc., General Vision, Inc.

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