Europe Artificial Intelligence (AI) in Healthcare Market Analysis

Europe Artificial Intelligence (AI) in Healthcare Market Analysis


$ 4000

This report presents a strategic analysis of the Europe Artificial Intelligence (AI) in Healthcare Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the Europe Artificial Intelligence (AI) in Healthcare Market, offering unmatched value, accuracy and expert insights.

REPORT ID: IN10EUDH003 CATEGORY: Digital Health GEOGRAPHY: Europe

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Europe Artificial Intelligence (AI) in Healthcare Market Executive Summary

Healthcare systems are increasingly adopting and integrating artificial intelligence (AI) and machine learning (ML) algorithms to precisely forecast diseases in their early stages based on past health records. Some of the key factors propelling the market's expansion are the expanding datasets of digital patient health information, the rising desire for individualized treatment, and the rising demand for lowering healthcare costs. The increase in demand for early disease diagnosis and better understanding has been attributed to the growing Europe geriatric population, changing lifestyles, and rising prevalence of chronic diseases.

One of the factors propelling the growth of the artificial intelligence (AI) market in the healthcare industry is the application of AI/ML technologies in improving patient care, lowering equipment downtime, and minimizing care costs. The usage of AI-based technologies increased significantly, and they are expected to develop rapidly in the future. AI/ML technology integration in healthcare processes like diagnosis, patient management, prescription management, claims management, workflow management, machine integration, and cybersecurity has increased significantly.

Market Size and Key Findings

The Europe Artificial Intelligence (AI) in Healthcare Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Europe Artificial Intelligence (AI) in Healthcare Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

Care providers can now diagnose patients' underlying medical issues early thanks to deep learning technologies, predictive analytics, content analytics, and Natural Language Processing (NLP) tools. The Covid-19 outbreak increased demand for AI technology and made these sophisticated technologies' potential more apparent. Healthcare systems extensively embraced these technologies for the quick diagnosis and detection of various virus strains and made use of tailored data to enhance outbreak management. In order to quickly and accurately diagnose patients who tested positive for Covid-19, AI/ML algorithms were used in the diagnosis field. These technologically advanced modules were trained using datasets of chest CT scans, symptoms, pathological findings, and exposure history.

Rapid developments in this field, such as the intravascular delivery of bone marrow-derived stem cells employing autologous stem cell therapy for treating brain injury, are also expected to support the segment's expansion through 2022. Given the increased prevalence of disorders like cerebral stroke, cerebral balloon angioplasty—a type of interventional Artificial Intelligence (AI) in Healthcare—is anticipated to develop profitably over the projected period. In addition, a strong preference for pairing cerebral stents with angioplasty in order to prevent carotid plaque from reaccumulating in the afflicted vessels is anticipated to spur the expansion of this sub-segment in the upcoming years.

Competitive Landscape

Key Players

The prominent players operating in this market include Nuance Communications, Inc., IBM Corporation, Microsoft, NVIDIA Corporation, Intel Corporation, DeepMind Technologies Limited, etc.

1. Report Description of the Europe Artificial Intelligence (AI) in Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Europe Artificial Intelligence (AI) in Healthcare Market Executive Summary
2.1 Europe Artificial Intelligence (AI) in Healthcare Market – Industry Snapshot & key buying criteria, 2021-30
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Europe Artificial Intelligence (AI) in Healthcare Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Europe Artificial Intelligence (AI) in Healthcare Market Segmentation

4.1 By Healthcare Component
4.1.1 Software Solutions
4.1.2 Hardware
4.1.3 Services

4.2 By Healthcare Applications
4.2.1 Robot-Assisted Suregery
4.2.2 Virtual Assistants
4.2.3 Administrative Workflow Assistants
4.2.4 Connected Machines
4.2.5 Diagnosis
4.2.6 Clinical Trials
4.2.7 Fraud Detection
4.2.8 Cybersecurity
4.2.9 Dosage Error Reduction

5. Europe Artificial Intelligence (AI) in Healthcare Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives

8. Healthcare Policies and Regulatory Landscape
8.1 Europe Healthcare Policies
8.2 Europe Regulatory Framework
8.3 Europe Pricing & Reimbursement Scenario

9. Factors Driving Future Growth
9.1 New Trends & Development in Europe Artificial Intelligence (AI) in Healthcare Market
9.2 Future Opportunities

10. Strategic Recommendations

Artifical Intelligence (AI) in Healthcare Market Segmentation

The Artificial Intelligence (AI) in Healthcare Market is segmented as mentioned below:

By Healthcare Component (Revenue, USD Billion):

  • Software Solutions
  • Hardware
  • Services

By Healthcare Applications (Revenue, USD Billion):

  • Robot-Assisted Suregery
  • Virtual Assistants
  • Administrative Workflow Assistants
  • Connected Machines
  • Diagnosis
  • Clinical Trials
  • Fraud Detection
  • Cybersecurity
  • Dosage Error Reduction

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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