$GTCH December 22, 2021 (Investorideas.com Newswir
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Artificial Intelligence (AI) technologies have achieved near ubiquity in everyday life and in few places is this more true than in the healthcare sector. Recent research published by Markets and Markets projects that globally the AI in Healthcare market will grow from $6.9 billion USD in 2021 to $67.4 billion by 2027. A similar report published by Allied Market Research forecasts a market size of $194.4 billion by 2030. As might be expected, much of this is driven by demands for innovation spurred on by the COVID-19 pandemic, but the former report in particular also cites the "market influx of large and complex healthcare datasets, growing need to reduce healthcare costs, improving computing power and declining hardware cost," and more as being key factors influencing the market's growth.