The North America artificial intelligence in healthcare market is anticipated to grow at a CAGR of 48.10% during the forecast period of 2024-2032, driven by the increasing integration of advanced technologies in the healthcare sector.
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Historical Year
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Artificial Intelligence (AI) in healthcare refers to the use of advanced algorithms and machine learning techniques to analyse medical data, enhance diagnostics, optimise treatment plans, and improve patient outcomes. AI is transforming healthcare through applications like predictive analytics, personalised medicine, medical imaging, and robotic surgery, driving efficiency and innovation.
Government Investment and Innovation Drive AI in Healthcare Growth
The growth of AI in healthcare in North America is supported by key drivers, including increased investment in medical technology R&D and the adoption of AI-driven solutions in clinical settings. In June 2024, INOVAIT, in collaboration with the Government of Canada, announced a USD 10.7 million investment to support seven AI-focused R&D projects aimed at advancing image-guided therapy (IGT). This initiative leverages AI, big data, and machine learning to enhance the precision of medical imaging for improved patient outcomes. The funding and focus on AI integration are expected to boost the development and adoption of AI in healthcare, fostering innovation and accelerating market growth in the coming years.
Wearable Tech and AI Innovation to Boost North America Artificial Intelligence in Healthcare Market Value
The increasing demand for wearable health technology and AI-driven monitoring solutions is propelling the AI healthcare market. In November 2024, Aktiia, a Swiss health tech company, launched its continuous blood pressure monitoring bracelet in Canada. The device uses Optical Blood Pressure Monitoring (OBPM) with AI algorithms to take automated 24/7 blood pressure measurements. The integration of AI with wearable technology is poised to revolutionise chronic disease management, making healthcare more accessible and efficient. This expansion into Canada marks a significant step in the growth of AI-driven healthcare solutions, contributing to the market’s expansion during the forecast period.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Application
Market Breakup by Offering
Market Breakup by End User
Market Breakup by Country
The medical imaging and diagnostics segment is expected to lead the market share based on application. This is due to the increasing demand for advanced imaging techniques and the ability of AI to enhance diagnostic accuracy, speed, and efficiency. As per the analysis by Expert Market Research, the global artificial intelligence in medical diagnostics market is expected to grow at a CAGR of 36.1% during the forecast period 2024-2032. AI-driven tools in medical imaging, such as deep learning algorithms, enable quicker detection of conditions like cancer, cardiovascular diseases, and neurological disorders. The growing adoption of AI in radiology and the need for more precise and timely diagnostics drive the growth of this segment.
The United States leads the market due to its advanced healthcare infrastructure, high adoption of cutting-edge technologies, and significant investment in AI research and development. The region holds the largest market share of the global market. As per the analysis by Expert Market Research, global artificial intelligence in healthcare is expected to grow at a CAGR of 41.60% during the forecast period of 2024-2032. The presence of major tech companies, robust healthcare systems, and favourable government policies further contribute to its dominance. Additionally, the growing demand for AI-driven solutions in diagnostics, drug discovery, and patient care management has positioned the U.S. as a global leader in AI healthcare innovations.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
IBM Watson Health, established in 2015 and headquartered in Armonk, New York, is a division of IBM focused on leveraging AI to improve healthcare. Its portfolio includes Watson for Oncology, which aids cancer treatment decisions, and Watson Health Cloud, which uses AI to analyse health data for better patient outcomes and operational efficiency.
Alphabet Inc., founded in 2015 and based in Mountain View, California, is the parent company of Google. Throug...
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a leader in graphics proc...
GE Healthcare, established in 1892 and headquartered in Chicago, Illinois, is a global provider of medical tec...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Koninklijke Philips N.V., Siemens Healthineers AG, Cerner Corporation, Intel Corporation, and Medtronic plc.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Offering |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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