AI in the Healthcare Market is About to Reach US$61.59 BILLION BY 2028

AI technologies are currently playing a critical role in combating the pandemic. Though the use of AI in healthcare is not a novel concept, its application in the COVID-19 outbreak situation has demonstrated its potential in the industry.

Fremont, CA: The global AI in healthcare market was valued at US$6.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 41.8 percent to US$61.59 billion by 2028. The COVID-19 pandemic has had a positive impact on a variety of healthcare-related markets, one of which is AI in healthcare. AI technologies are currently playing a critical role in combating the pandemic. Though the use of AI in healthcare is not a novel concept, its application in the COVID-19 outbreak situation has demonstrated its potential in the industry. Through personalised information and learning, AI tools are rapidly being used to detect and diagnose the virus and respond to the outbreak.

Furthermore, an increase in the inflow of patient health-related digital data, increasing pressure to reduce healthcare spending,