The artificial intelligence (AI) in healthcare market is anticipated to reach USD 208.85 Billion by 2030 and is anticipated to expand at a CAGR of 42.32% during the forecast period, according to a new report by Driven Market Research.
The increasing demand for artificial intelligence in healthcare sector for more efficient, accurate, and improved patient care is a primary reason for the growth of the market. For instance, in August 2023, a survey conducted by Morgan Stanley found that 94% of healthcare companies are using AI and machine learning.
The money spent on these technologies is expected to increase from 5.7% of their budget in 2022 to 10.5% in 2024. This shows a significant rise in investment in AI and machine learning within the healthcare industry.
