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APAC Healthcare AI Market Research Report to 2025: Ken Research

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:

APAC Healthcare AI Market Outlook to 2025

Related Reports

Global Artificial Intelligence (AI) Robots Market Analysis 2013-2018 and Forecast 2019-2024

Philippines Medical Devices Market Outlook to 2023 – Surge in Demand for Used/Refurbished Medical Equipments and New Healthcare Infrastructure Projects to Maintain Healthy Growth

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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