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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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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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
Company Profiles
- Alibaba Group
- com, Inc.
- Baidu, Inc.
- CloudMinds Technology Inc.
- IBM Corp.
- iCarbonX
- Microsoft Corp.
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