Germany Artificial Intelligence (AI) in Healthcare Market Analysis

Germany Artificial Intelligence (AI) in Healthcare Market Analysis


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Germany's Artificial Intelligence (AI) in the healthcare market is projected to grow from $0.25 Bn in 2022 to $4.52 Bn by 2030, registering a CAGR of 43.42% during the forecast period of 2022-30. The market will be driven by the country's excellent research and development capabilities, well-established healthcare infrastructure, and favorable government policies. The market is segmented by healthcare components & by healthcare applications. Some of the major players include Google Health, NVIDIA Corporation, Semalytix & Smart Reporting.

ID: IN10DEDH003 CATEGORY: Digital Health GEOGRAPHY: Germany AUTHOR: Vidhi Upadhyay

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Germany Artificial Intelligence (AI) in Healthcare Market Executive Summary

Germany's Artificial Intelligence (AI) in healthcare market is projected to grow from $0.25 Bn in 2022 to $4.52 Bn by 2030, registering a CAGR of 43.42% during the forecast period of 2022-30. Germany has the world's third-largest medical technology industry, after only the United States and Japan, and it is also the largest European enterprise, with a market value that is double that of France and three times that of Italy, the United Kingdom, and Spain. Apart from the significant mortality burden caused by cardiovascular illnesses and lung cancer, musculoskeletal issues, dementias, and mental health problems (including depression) are some of the primary contributors to disability-related mortality. Germany has lost adjusted life years 2 (DALYs).

Some of the country's AI-related R&D centers:

  • DFKI (Das Deutsche Forschungszentrum für Künstliche Intelligenz GmbH)
  • Intelligent Analysis and Information Systems (IAIS)
  • Fraunhofer Institute for Medical Image Computing (MEVIS), and
  • Cyber Valley

The country is working to establish supra-regional Centers of Excellence for AI in order to provide new AI services globally. Artificial intelligence (AI) is gaining traction in healthcare in Germany, with an increasing number of enterprises and organizations such as DiaMonTech, Mika, TeleClinic, & Ada Health who are adopting and deploying AI-based solutions to improve patient outcomes and expedite healthcare delivery. In May 2022, India and Germany agreed to collaborate on AI start-ups as well as AI research and its applications in sustainability and healthcare. AI has the potential to revolutionize German healthcare by boosting diagnosis accuracy, optimizing treatment programs, and minimizing medical errors.

germany artificial intelligence in healthcare market

Market Dynamics

Market Growth Drivers

The country's excellent research and development capabilities, well-established healthcare infrastructure, and favorable government policies fostering digitization and innovation in healthcare are among the major factors for AI in healthcare in Germany. Furthermore, Germany's aging population has resulted in an increase in demand for healthcare services, which AI-powered solutions can assist to address. Furthermore, the COVID-19 pandemic had highlighted the need for more efficient and effective healthcare systems, which AI-enabled remote monitoring and telemedicine are helping to achieve.

Market Restraints

there are various barriers to AI adoption in healthcare in Germany. One of the main concerns is data privacy and security, which is a huge issue in Germany due to the rigorous data protection laws in place. This can make accessing and analyzing the massive amounts of medical data required to train AI models difficult. Furthermore, there is a disparity in data gathering and sharing across healthcare providers, making integration of AI systems into existing healthcare infrastructure complicated. Also, there is a scarcity of skilled AI professionals, and more training programs are needed to build the requisite knowledge in this subject. Finally, guidelines are required to assure the safety and effectiveness of AI-enabled healthcare solutions. As a result, addressing these difficulties and promoting the appropriate use of AI for the benefit of patients and society as a whole will necessitate collaboration between the government, healthcare providers, and technology businesses in Germany.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Google Health
  • NVIDIA Corporation
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthineers
  • Semalytix (DEU)
  • Smart Reporting (DEU)
  • DiaMonTech (DEU)
  • Mika (DEU)
  • TeleClinic (DEU)
  • Aignostics (DEU)
  • Vara (DEU)
  • Nostos Genomics (DEU)

Notable Insights

  1. February 2023, GE HealthCare to Acquire Caption Health The acquisition adds AI-enabled image guiding to the ultrasound device portfolios of GE HealthCare's $3 billion Ultrasound division
  2. In May 2022, India and Germany agreed to collaborate on AI start-ups as well as AI research and its applications in sustainability and healthcare

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Germany Artificial Intelligence (AI) in Healthcare Market Segmentation

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

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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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  • Qualitative, acute and result oriented market analysis
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Last updated on: 30 May 2023
Updated by: Ritu Baliya

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