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North America Artificial Intelligence in Healthcare Market Trends, Analysis by 2028

05-09-2024 01:09 PM CET | Health & Medicine

Press release from: Inkwood Research

The North America Artificial Intelligence in Healthcare Market is experiencing a significant surge, estimated to register a robust Compound Annual Growth Rate (CAGR) of 38.40% during the forecast period from 2020 to 2028. This market, primarily concentrated in the United States and Canada, is expanding rapidly due to the integration of artificial intelligence (AI) technologies in various healthcare applications.

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The North America Artificial Intelligence in Healthcare Market size is growing due to several factors. These include the advancement in AI technologies, increasing healthcare data volumes, and rising demand for personalized medicine. Moreover, the ongoing COVID-19 pandemic has accelerated the adoption of AI in healthcare settings, aiding in diagnostics, patient care management, and vaccine development.

Leading companies such as Stryker Corporation, IBM Corporation, Deep Genomics, Intel Corporation, Enlitic Inc, GE Healthcare, and General Vision Inc are at the forefront of this transformation. These corporations are not only contributing to the market's expansion but are also innovating relentlessly to maintain competitive advantage. Their efforts are primarily focused on improving the accuracy and efficiency of medical diagnostics and procedures.

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The market's growth is further fueled by substantial investments in AI technologies, favorable government policies, and partnerships between healthcare providers and tech companies. As AI continues to evolve, its applications in healthcare are becoming more profound, ranging from robotic-assisted surgeries to virtual nursing assistants and predictive analytics.

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In summary, the North America Artificial Intelligence in Healthcare Market is set to achieve exponential growth and gain a significant market share within the global AI in healthcare sector. The combined efforts of major companies, along with supportive regulatory environments in the U.S. and Canada, are crucial in driving the market's expansion and innovation, promising transformative changes in healthcare delivery and management.

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