Product Code: IRTNTR80795
The generative AI in healthcare market is forecasted to grow by USD 9,378.4 mn during 2024-2029, accelerating at a CAGR of 38.7% during the forecast period. The report on the generative AI in healthcare market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by pressing need to enhance operational efficiency and alleviate clinician burnout, potential for radical acceleration in drug discovery and development, and convergence of big data availability and advanced computational infrastructure.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 35.9% |
CAGR | 38.7% |
Incremental Value | $9,378.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's generative AI in healthcare market is segmented as below:
By Component
By Application
- Drug discovery and development
- Medical imaging and diagnostics
- Personalized medicine
- Virtual health assistants
- Others
By End-user
- Hospitals and clinics
- Pharmaceuticals companies
- Research institutes
- Health insurance companies
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the ascendance of multimodal AI models as one of the prime reasons driving the generative AI in healthcare market growth during the next few years. Also, shift toward domain-specific and fine tuned models and intensified focus on governance, explainability, and responsible AI will lead to sizable demand in the market.
The report on the generative AI in healthcare market covers the following areas:
- Generative AI In Healthcare Market sizing
- Generative AI In Healthcare Market forecast
- Generative AI In Healthcare Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading generative AI in healthcare market vendors that include Abridge Al, Inc., Aidoc, Deep Genomics Inc., Google LLC, Hippocratic AI Inc., International Business Machines Corp., Insilico Medicine, Microsoft Corp., NVIDIA Corp., OpenAI, Paige AI, Inc., PathAI Inc., Recursion Pharmaceuticals Inc., Subtle Medical, Inc., Suki AI, Inc, Tempus Labs Inc., Terray Therapeutics, Inc., and VideaHealth. Also, the generative AI in healthcare market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 5.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
6 Market Segmentation by Component
- 6.1 Market segments
- Chart on Component - Market share 2024-2029 (%)
- Data Table on Component - Market share 2024-2029 (%)
- 6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
- 6.3 On-premises - Market size and forecast 2024-2029
- Chart on On-premises - Market size and forecast 2024-2029 ($ million)
- Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
- Chart on On-premises - Year-over-year growth 2024-2029 (%)
- Data Table on On-premises - Year-over-year growth 2024-2029 (%)
- 6.4 cloud - Market size and forecast 2024-2029
- Chart on cloud - Market size and forecast 2024-2029 ($ million)
- Data Table on cloud - Market size and forecast 2024-2029 ($ million)
- Chart on cloud - Year-over-year growth 2024-2029 (%)
- Data Table on cloud - Year-over-year growth 2024-2029 (%)
- 6.5 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 7.3 Drug discovery and development - Market size and forecast 2024-2029
- Chart on Drug discovery and development - Market size and forecast 2024-2029 ($ million)
- Data Table on Drug discovery and development - Market size and forecast 2024-2029 ($ million)
- Chart on Drug discovery and development - Year-over-year growth 2024-2029 (%)
- Data Table on Drug discovery and development - Year-over-year growth 2024-2029 (%)
- 7.4 Medical imaging and diagnostics - Market size and forecast 2024-2029
- Chart on Medical imaging and diagnostics - Market size and forecast 2024-2029 ($ million)
- Data Table on Medical imaging and diagnostics - Market size and forecast 2024-2029 ($ million)
- Chart on Medical imaging and diagnostics - Year-over-year growth 2024-2029 (%)
- Data Table on Medical imaging and diagnostics - Year-over-year growth 2024-2029 (%)
- 7.5 Personalized medicine - Market size and forecast 2024-2029
- Chart on Personalized medicine - Market size and forecast 2024-2029 ($ million)
- Data Table on Personalized medicine - Market size and forecast 2024-2029 ($ million)
- Chart on Personalized medicine - Year-over-year growth 2024-2029 (%)
- Data Table on Personalized medicine - Year-over-year growth 2024-2029 (%)
- 7.6 Virtual health assistants - Market size and forecast 2024-2029
- Chart on Virtual health assistants - Market size and forecast 2024-2029 ($ million)
- Data Table on Virtual health assistants - Market size and forecast 2024-2029 ($ million)
- Chart on Virtual health assistants - Year-over-year growth 2024-2029 (%)
- Data Table on Virtual health assistants - Year-over-year growth 2024-2029 (%)
- 7.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 7.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 Hospitals and clinics - Market size and forecast 2024-2029
- Chart on Hospitals and clinics - Market size and forecast 2024-2029 ($ million)
- Data Table on Hospitals and clinics - Market size and forecast 2024-2029 ($ million)
- Chart on Hospitals and clinics - Year-over-year growth 2024-2029 (%)
- Data Table on Hospitals and clinics - Year-over-year growth 2024-2029 (%)
- 8.4 Pharmaceuticals companies - Market size and forecast 2024-2029
- Chart on Pharmaceuticals companies - Market size and forecast 2024-2029 ($ million)
- Data Table on Pharmaceuticals companies - Market size and forecast 2024-2029 ($ million)
- Chart on Pharmaceuticals companies - Year-over-year growth 2024-2029 (%)
- Data Table on Pharmaceuticals companies - Year-over-year growth 2024-2029 (%)
- 8.5 Research institutes - Market size and forecast 2024-2029
- Chart on Research institutes - Market size and forecast 2024-2029 ($ million)
- Data Table on Research institutes - Market size and forecast 2024-2029 ($ million)
- Chart on Research institutes - Year-over-year growth 2024-2029 (%)
- Data Table on Research institutes - Year-over-year growth 2024-2029 (%)
- 8.6 Health insurance companies - Market size and forecast 2024-2029
- Chart on Health insurance companies - Market size and forecast 2024-2029 ($ million)
- Data Table on Health insurance companies - Market size and forecast 2024-2029 ($ million)
- Chart on Health insurance companies - Year-over-year growth 2024-2029 (%)
- Data Table on Health insurance companies - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 10.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 10.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 10.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 10.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 10.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 10.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 10.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 10.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 10.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 10.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 10.14 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 10.15 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 10.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 10.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 10.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.1 Market drivers
- 11.2 Market challenges
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.1 Overview
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.1 Companies profiled
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Abridge Al, Inc.
- Abridge Al, Inc. - Overview
- Abridge Al, Inc. - Product / Service
- Abridge Al, Inc. - Key offerings
- SWOT
- 13.5 Aidoc
- Aidoc - Overview
- Aidoc - Product / Service
- Aidoc - Key offerings
- SWOT
- 13.6 Deep Genomics Inc.
- Deep Genomics Inc. - Overview
- Deep Genomics Inc. - Product / Service
- Deep Genomics Inc. - Key offerings
- SWOT
- 13.7 Google LLC
- Google LLC - Overview
- Google LLC - Product / Service
- Google LLC - Key offerings
- SWOT
- 13.8 International Business Machines Corp.
- International Business Machines Corp. - Overview
- International Business Machines Corp. - Business segments
- International Business Machines Corp. - Key news
- International Business Machines Corp. - Key offerings
- International Business Machines Corp. - Segment focus
- SWOT
- 13.9 Insilico Medicine
- Insilico Medicine - Overview
- Insilico Medicine - Product / Service
- Insilico Medicine - Key offerings
- SWOT
- 13.10 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- SWOT
- 13.11 NVIDIA Corp.
- NVIDIA Corp. - Overview
- NVIDIA Corp. - Business segments
- NVIDIA Corp. - Key news
- NVIDIA Corp. - Key offerings
- NVIDIA Corp. - Segment focus
- SWOT
- 13.12 OpenAI
- OpenAI - Overview
- OpenAI - Product / Service
- OpenAI - Key offerings
- SWOT
- 13.13 Paige AI, Inc.
- Paige AI, Inc. - Overview
- Paige AI, Inc. - Product / Service
- Paige AI, Inc. - Key offerings
- SWOT
- 13.14 PathAI Inc.
- PathAI Inc. - Overview
- PathAI Inc. - Product / Service
- PathAI Inc. - Key offerings
- SWOT
- 13.15 Recursion Pharmaceuticals Inc.
- Recursion Pharmaceuticals Inc. - Overview
- Recursion Pharmaceuticals Inc. - Product / Service
- Recursion Pharmaceuticals Inc. - Key offerings
- SWOT
- 13.16 Subtle Medical, Inc.
- Subtle Medical, Inc. - Overview
- Subtle Medical, Inc. - Product / Service
- Subtle Medical, Inc. - Key offerings
- SWOT
- 13.17 Suki AI, Inc
- Suki AI, Inc - Overview
- Suki AI, Inc - Product / Service
- Suki AI, Inc - Key offerings
- SWOT
- 13.18 Tempus Labs Inc.
- Tempus Labs Inc. - Overview
- Tempus Labs Inc. - Product / Service
- Tempus Labs Inc. - Key offerings
- SWOT
14 Appendix
- 14.1 Scope of the report
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.5 Data procurement
- 14.6 Data validation
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.8 Data synthesis
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations