Hospital Artificial Intelligence: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023
Hospital care management can
leverage augmented intelligence. Artificial intelligence is useful
for providing highly tailored insights about individual patients or
to work across an entire population. Artificial intelligence is
useful for helping providers effectively address healthcare
delivery."
About
Artificial
intelligence
Market
The 2017 study has 90 pages, 35
tables and figures. Worldwide markets are poised to achieve
continuing growth as the artificial intelligence software increases
diagnostic excellence, saving lives and lowering care delivery costs.
Hospital Artificial Intelligence
Hospital care management can
leverage augmented intelligence. Artificial intelligence is useful
for providing highly tailored insights about individual patients or
to work across an entire population. Artificial intelligence is
useful for helping providers effectively address healthcare delivery.
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The intersection of healthcare and
artificial intelligence represents a market opportunity. New
strategies are being developed by companies to bring A.I. to
healthcare. The business challenges around those efforts are being
addressed collectively in partnerships and in forums to bring the
technology into the market. Artificial intelligence has an impact on
patients, doctors, hospitals, clinical facilities, and the healthcare
industry overall.
The ability of an intelligent
system to learn from data without upfront human intervention brings
significant change to the healthcare delivery system. It relies on
the use of unsupervised and semi-supervised machine learning
techniques. Segmentation, dimensionality reduction, anomaly detection
and pattern recognition are replacing supervised manual techniques
for diagnosis and care delivery.
Major factors driving the market
for artificial intelligence in hospitals include its ability to
provide better diagnostic accuracy under a variety of testing
conditions. The worldwide aging population creates demand for
increased accuracy of early diagnosis. An increase in the number of
people with end stage diabetes, cancer, and severe respiratory
diseases creates need for advanced medical diagnostic capabilities
that work earlier in the evolution of disease, creating the ability
to implement therapies that are lifesaving.
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“Partners HealthCare and GE
Healthcare are launching a 10-year partnership to bring artificial
intelligence into every area of hospital operations. IBM brings
Watson to the hospital AI landscape in hospitals. “Progress is
demonstrated by the health care AI launch to the Massachusetts
General Hospital and Brigham and Women’s Hospital Center for
Clinical Data Science (Partners). Multidisciplinary teams from
Partners and GE Healthcare have worked to develop applications for AI
in every step of the patient journey from the moment they are
admitted to the hospital. “Long-term, the goal is to develop
applications that improve the way illnesses are diagnosed, change how
treatment is developed, decrease unnecessary biopsies, streamline
clinical workflows, and increase the amount of time clinicians spend
with patients.”
Artificial Intelligence Market
Forecasts
Hospital artificial intelligence
market shipments at $19 billion in 2016 are forecast to reach $50
billion dollars, worldwide 2023. These represent a very specialized
type of analytics systems able to address a wide range of issues that
can be newly managed with digitization. Steady growth is anticipated
because the AI units are offering breakthrough treatments and
diagnostic capabilities.
Companies Profiled
Market Leaders
General Electric
IBM
Market Participants
Alphabet / Google
GlaxoSmithKline (GSK)
Merck
Prognos
Quest Diagnostics
Safeguard Scientifics
Zebra
Companies Mentioned
Drug discovery artificial
intelligence
Exscientia
Berg
Numerate
twoXAR
Atomwise
BenevolentAI.
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Table of Contents
Artificial Intelligence for
Hospitals Promises Vastly Improved Care Delivery with Declining Cost
of Care 1
Hospital Artificial Intelligence
(Ai) Market Shares And Market Forecasts 9
Hospital Artificial Intelligence
(AI) Market Driving Forces 9
Hospital Artificial Intelligence
Market Shares: 11
Hospital Artificial Intelligence
Market Forecasts: 12
1. Hospital Artificial
Intelligence Market Description And Market Dynamics: 14
1.1 Hospital Care Management
Leverages Artificial Intelligence 14
1.2 Ability of AI Solutions To
Discover Schemas in Large Databases 15
1.3 Pharmaceutical Companies Using
Computers to Help Them Find New Medications 17
2. Hospital Artificial
Intelligence (Ai) Market Shares And Market Forecasts 18
2.1 Hospital Artificial
Intelligence (AI) Market Driving Forces 18
2.2 Artificial Intelligence
Healthcare Market Shares: 21
2.3 Hospital Artificial
Intelligence Market Forecasts: 22
2.3.1 Airplanes Utilize Artificial
Intelligence (AI) to Land Themselves 30
2.4 Hospital Artificial
Intelligence (AI) Challenges 31
2.5 Artificial Intelligence
Healthcare Software Prices: 41
2.6 Hospital Artificial
Intelligence Regional Segments: 42
3. Hospital Artificial
Intelligence Products: 44
3.1 Partners HealthCare, IBM, and
GE Healthcare 44
3.2 IBM Watson 46
3.2.1 IBM Genomic And
Immunotherapy Supercomputing for Patient Management 49
3.2.2 Mayo Clinic and IBM Watson
50
3.3 Google’s AI subsidiary
DeepMind is partnering with another UK hospital 51
3.4 Prognos 52
4. Hospital Artificial
Intelligence Research And Technology: 53
4.1 Tesla’s Elon Musk 53
4.2 Research at Google 54
4.3 IBM AI Research 55
4.3.1 Neural Representation of
Sketch Drawings 56
4.4 Superstar Companies That Are
Able To Leverage IT to Achieve Growth 57
4.4.1 Using Digital Technology To
Create Market Disruption 58
4.5 Google and Nvidia Artificial
Intelligence 59
5. Hospital Artificial
Intelligence Healthcare Companies 60
5.1 Alphabet / Google 60
5.1.1 Google Artificial
Intelligence Subsidiary DeepMind Healthcare Initiative 60
5.2 General Electric (GE) 61
5.2.1 General Electric Revenue by
Segment 61
5.2.2 GE Healthcare and
Massachusetts General Artificial Intelligence 62
5.3 GlaxoSmithKline (GSK) 65
5.3.1 GlaxoSmithKline Deal For
Artificial Intelligence With Privately Owned Exscientia 65
5.4 IBM 65
5.4.1 IBM Watson Genomics by Quest
Diagnostics 67
5.4.2 IBM Watson Healthcare
Revenue 68
5.4.3 IBM Watson Solutions
Software Healthcare Revenue 69
5.5 Merck 70
5.6 Prognos 71
5.6.1 Coding Healthcare Datasets
Full Of Unstructured Text 73
5.7 Quest Diagnostics 77
5.7.1 IBM Personalized Healthcare:
Watson Genomics from Quest Diagnostics 78
5.7.2 Quest Diagnostics Revenue 79
5.8 Safeguard Scientifics
Announces Second Quarter 2017 Financial Results 79
5.8.1 Safeguard Scientifics
Prognos DxCloud 80
5.9 Zebra 80
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