China AI in Healthcare Market Estimated to grow at a CAGR of 52.8% during Forecast 2019-2025

China’s AI in healthcare market is estimated to grow significantly at a CAGR of 52.8% during the forecast period. China’s market has both medium and long-term potential due to its large market size, aging population, fluctuating disease profile and rapidly improving life. Furthermore, the Chinese economy is becoming an R&D-intensive economy which is the major factor for the growth of the life science industry of China.

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Major Companies in this Report are – Alibaba Group, Amazon.com, Inc., Baidu, Inc., Cloud Minds Technology Inc., IBM Corp., iCarbonX, Microsoft Corp.

Healthcare in China has become one of the latest applications of AI coupled with security and new retail where technologies such as computer vision and natural language processing are applied for improving efficiency. Chinese companies including startups as well as giants are grabbing this opportunity for applying AI solutions to everything including machine reading of CAT scans as well as the processing and analyzing medical queries. The adoption of AI in China has significantly reduced the manual work.

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The market is segmented on the basis of offering, end-user industry, and application. Based on offering, the market is divided into software & services and hardware. Based on the end-user industry, the market is segmented into hospitals & healthcare facilities, personal care, and biotechnology & pharmaceutical companies. Further, on the basis of application, the market is segmented into diagnosis, biomarker, virtual nursing assistants, remote monitoring of patients, drug discovery, and ai-enabled hospital care.

China AI in Healthcare Market Segmentation

China AI in Healthcare Market by Offering

·         Hardware

·         Software & Services

China AI in Healthcare Market by End-User Industry

·         Hospitals & Healthcare Facilities

·         Personal Care

·         Biotechnology & Pharmaceutical Companies

China AI in Healthcare Market by Application

·         Diagnosis

·         Biomarker

·         Virtual Nursing Assistance

·         Remote Monitoring of Patients

·         Drug Discovery

·         Ai-Enabled Hospital Care

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