Increase in number of investments,
advancements in processor designs, supportive legislatives & regulations
and entry of global players in the market will be the key factors driving
growth in APAC AI in Healthcare Market.
Rise in the Number of Collaborations,
Investments & Partnerships: Several companies, hospitals and chain of
clinics in APAC have started collaborating, after witnessing the rising
benefits of using AI including superior customer experience. On the company
front, AI has led to improved efficiency to diagnose and treat various
diseases. Moreover, rise in incidence of
chronic diseases and increase in geriatric population has provided major boost
to the demand for AI in the healthcare sector.
The surfacing of start-ups in the AI space has intensified competition
in the market. This has given rise to the progress of the technology in a more
cost effective manner. Healthcare companies were seen leveraging the benefits
of the technology by simply acquiring start-up companies rather than developing
the technology from scratch. For instance, Cardio-track has partnered with
Columbia Asia Hospitals in Bangalore in August 2017 to provide AI-based devices
that can be used to predict and diagnose cardiac diseases and disorders.
Supportive Legislations & Regulations: Government of countries such as
China, Japan and India have been continuously investing their resources to
promote development and usage of artificial intelligence services in healthcare
and other sectors. In 2017, State Council of China released the Next Generation
Artificial Intelligence Development Plan (Development Plan) with aim of
developing regulatory system, strengthening intellectual property protection
and promotion of AI development in China. The development plan is comprised of
three stages i.e. 2020, 2025 and 2030 with goals for every stage. Apart from
this, the government also provides various incentives such as tax reduction,
low interest rate loans for setup costs and others to promote AI development
centres in the country. Government of India developed Artificial Intelligence
Task Force for enabling creation of an inter-ministerial National AI mission
for coordination of AI related activities in country. These initiatives have
played a huge role in bringing development and innovation to artificial
intelligence services in healthcare market in these regions.
Wider Acceptability: Players operating in the artificial
intelligence healthcare market have consistently adopted innovative strategies
in order to gain a competitive advantage. Companies have been trying to develop
AI services wherein a single type of AI can be used in multiple medical devices
thereby increasing its applications and ease of integration in current systems.
Other competing parameters followed by major players include provision of
customization services to clients, ease in usage and involvement of low
operational cost.
Analysts at
Ken Research in their latest publication “APAC
Healthcare AI Market Outlook to 2025 – By Applications (Machine/Robot Assisted
Medical Procedures, Clinical Trial & Drug Discovery/Development,
Preliminary Diagnosis, Administrative Workflow Assistance, Virtual Nursing
Assistant, Fraud Detection, Dosage Error Reduction), by Countries, by End Users
& by Technologies and Current Investment Scenario” believes that an
increase of investments in AI Healthcare and growing government initiatives in
field of artificial intelligence and healthcare would surge the overall revenue
generated in APAC AI in Healthcare market. The market has witnessed a positive
CAGR of close to 56% in terms of revenue generated Artificial Intelligence
Providers in Healthcare during the review period 2013-2018.
Key
Segments Covered in APAC AI in Healthcare Market
By
Technology (On the basis of Revenue)
Deep Learning Method
Querying Method
Natural Language Processing
Context Aware Processing
By
Application (On the basis of Revenue)
Machine/Robot Assisted Medical
Procedures
Clinical Trial & Drug
Discovery/Development
Preliminary Diagnosis
Administrative Workflow Assistance
Virtual Nursing Assistant
Fraud Detection
Dosage Error Reduction
Others (including Fitness &
Wellness Tech (Physical Fitness, Mind & Body Wellness)
By
End Users (On the basis of Revenue)
Hospitals/Clinics/Healthcare Providers
Medical Devices Companies
Pharmaceuticals & Biotechnology
Companies
Others Including Payers and Other
Software Providers
By
Country (On the basis of Revenue)
Japan
China
Australia
India
Singapore
Rest of APAC
Key
Target Audience
Hospitals, Clinics and Healthcare
Providers
Medical Device Manufacturers
Insurance Providers
AI Developers
Healthcare Software Providers
Pharmaceuticals & Biotechnology
Companies
Research Institutes
Venture Capital Firms
Time
Period Captured in the Report:
Historical
Period – 2013-2018
Forecast
Period – 2019-2025
Companies
Covered:
IBM
NVIDIA Corporation
Intel
Microsoft Corporation
iCarbonX
Alphabet Inc.
Next IT Verint Corporation
Welltok Incorporation
Oncora Medical
Entilic Incorporation
Koninklijke Philips
General Vision
Key
Topics Covered in the Report
APAC AI in Healthcare Value Chain
& Ecosystem
APAC AI in Healthcare Market Size
Analysis, 2013– 2018
APAC Healthcare AI Market Segmentation,
2013-2025E
Innovation, Adoption and Application
Gap - Comparison of APAC with Europe & US
Regulatory Framework in APAC AI in
Healthcare Market
Case Studies on Various Application
Areas of AI in Healthcare, 2013-2018
Competitive Landscape in APAC AI in Healthcare
Market, 2018
Company Profiling Of Major Players
Operating in APAC Artificial Intelligence in Healthcare Market
Investment Scenario- Healthcare in AI,
2018
Taxonomy
Markets of Investment Activity
Future Market Sizing Analysis,
2019E-2025E
For
more information, refer to below link:
Related
Reports
Contact
Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
Just like in our every-day lives, AI and robotics have played a huge part in increasing our healthcare eco-system.
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