How is the AI in Healthcare Market Positioned
in Asia Pacific? What are the Major Market Trends Driving the Industry?
The APAC
AI in Healthcare Market is currently at its growth stage. Rising
investments and entry of new global players has been complimenting the size of
this industry. In terms of revenue, APAC AI in Healthcare market size was
witnessed to increase from USD ~ million in the year 2013 to USD ~ million in
2018, therefore showcasing a CAGR of ~% over the review period 2013-2018. In
Asia Pacific region, Japan is seen to be the market leader in terms of
advancement and innovation as the region fosters leading companies, developed
infrastructure & expanding demand. The demand for artificial intelligence
in healthcare services in countries such as India, Japan and China has also
been complemented by ever increasing rate of population. Rising number of
investments, collaborations and partnerships among hospital chains, AI
developers, medical device manufacturers and other healthcare providers has been
one of the major factors that has led to coming up of various new small and
medium sized AI developing companies in Asia Pacific region. In collaboration
with various hospitals and medical device manufacturers, AI developing
companies are also investing in providing training for implementing efficient
usage of AI in medical devices and other administrative systems. There are two
prominent pillars justifying 10 folds growth of AI in Healthcare services in
APAC region. First is the state of medical infrastructure (that constitutes the
medical equipments and devices, process/procedures and other automation
techniques). In countries such as India and China, tremendous amount of
improvement has been seen in terms of medical infrastructure which has made
incorporation of AI in a smooth manner. Second factor is lack of available
trained medical staff/professionals in various countries which has given birth
to necessity in terms of automation of regular mundane tasks in hospitals
administration and day to day functioning.
What are the various segmentations on which
APAC AI Healthcare Market is divided?
APAC AI in Healthcare Market can typically be
segmented on the basis of Technology, Applications, End Users and Country.
By Technology: APAC AI in Healthcare market incorporates
technologies such as Deep Learning Method, Querying Method, Natural Language
Processing and Context Aware Processing Method. Growth rate of Deep Learning
Method was witnessed to be the highest during 2013-18, whereas Natural Language
Processing had the highest market share, owing to its high application in data
mining and image recognition systems and services.
By Application: Application areas include
Machine/Robot Assisted Medical Procedures, Clinical Trial & Drug Discovery,
Preliminary Diagnosis, Administrative Workflow Assistance, Virtual Nursing
Assistant, Fraud Detection, Dosage Error Reduction and Others (including
Fitness & Wellness Tech Devices). In 2018, machine or robot assisted
surgeries were reported to be highest contributor to overall revenue
generation, owing to high average cost of robots and increased adoption in past
few years. After Machine/Robot Assisted Medical Procedures, second highest
share in revenue contribution was occupied by Clinical Trial & Drug
Discovery and Preliminary Diagnosis with revenue generation of about USD ~
million owing to its high application in several medicinal areas.
By End Users: In terms of end users, APAC AI in
Healthcare market is categorized basis Hospitals, Clinics, Healthcare
Providers, Medical Devices Companies, Pharmaceuticals & Biotechnology
Companies and Others including Payers and Other Software Providers. In 2018,
Healthcare Providers (including Hospitals and Clinics) contributed highest
amount of revenue of about USD ~ Million. Factors driving demand in Hospitals
and healthcare centers were high application of AI in overall management of
hospitals through usage of several healthcare management software, high
adoption of AI in medical devices & machineries used in hospitals, AI being
used for mundane tasks in order to reduce workload of doctors and others. After
Hospitals and Healthcare Centers, Medical Devices such as ultrasound device and
machines used in detecting cardiovascular diseases and others were highest
contributors to revenue.
By Country: In APAC region, Japan is seen to be one of
the fastest growing market in terms of technological developments and
innovations owing to its highly refined infrastructure for research and
development with presence of numerous healthcare universities and industries
and increasing investment due to government support.
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
