The Romania Artificial Intelligence (AI) In Healthcare Market is projected to grow from $20.01 Mn in 2022 to $401.27 Mn by 2030, registering a CAGR of 45.47% during the forecast period of 2022 - 2030. The market will be driven by the increasing investment in AI infrastructure and expertise development to utilize AI Solutions. The market is segmented by healthcare components & by healthcare applications. Some of the major players include IBM Watson Health, Google Health & Synaptic.
The Romania Artificial Intelligence (AI) In Healthcare Market is projected to grow from $20.01 Mn in 2022 to $401.27 Mn by 2030, registering a CAGR of 45.47% during the forecast period of 2022 - 2030. The Romanian health system is divided into two levels: the national level, which is in charge of implementing government health policy, and the district level, which is in charge of ensuring service delivery in accordance with centrally established rules. The National Health Insurance House oversees the social health insurance system (NHIFH). In 2019, there were 532 hospitals in Romania, with 155 of them being private. Although cancer mortality is on the rise, ischemic heart disease remains the leading cause of death. Romania also faces challenges with managing some infectious diseases, with the EU's highest rate of tuberculosis cases.
Artificial intelligence (AI) is increasingly being adopted and used in healthcare around the world, including in Romania. AI in healthcare can help with disease diagnosis, drug discovery, treatment planning, patient monitoring, and other tasks. In 2019, the Bucharest University of Medicine and Pharmacy "Carol Davila" announced the development of an Artificial Intelligence-based solution capable of predicting the likelihood of a patient developing cardiovascular disease. In addition, Synaptiq a Romania-based startup had developed 'Mediq' AI-based medical data analysis software for healthcare professionals to detect and analyse diseases. The system employs artificial intelligence technology to aid in the process of radiation treatment planning. Clinical data storage, visualisation, pathology detection, and other features are available.
Market Growth Drivers
Several factors influence the adoption and use of Artificial Intelligence (AI) in healthcare in Romania. The potential of AI to enhance patient experiences and boost the effectiveness of medical care is among the key drivers. AI can assist physicians to diagnose diseases, predicting outcomes, and creating personalised treatment plans, resulting in better patient health results. Another driver is the growing accessibility of health records in Romania. Healthcare data digitization, including electronic health records and medical imaging, provides a rich source of data for training and improving AI algorithms.
Market Restraints
Healthcare providers with the requisite experience to develop and implement AI-powered solutions are in scarce. Data privacy concerns remain a significant impediment to AI adoption in healthcare. Patients' healthcare information is sensitive information, and there are questions about how AI systems collect, store, and use it. Furthermore, funding for AI initiatives is scarce. To support the incorporation of AI into healthcare systems, investments in AI infrastructure and skill-building are required.
Key Players
The National Agency for Medicines and Medical Devices (NAMMD), a state entity reporting to the Ministry of Health, oversees access to medical devices in Romania. Medical equipment must bear the CE mark in order to be sold in Romania. The inclusion of the medical device in NAMMD's National Database of Medical Devices is an extra registration step. NAMMD must provide authorization to businesses engaged in the manufacture, import, wholesale distribution, and retail distribution
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
The Artificial Intelligence (AI) in Healthcare Market is segmented as mentioned below:
By Healthcare Component (Revenue, USD Billion):
By Healthcare Applications (Revenue, USD Billion):
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