Artificial Intelligence in Healthcare Market worth $194.79 billion by 2031 | MarketsandMarkets™
Artificial Intelligence in Healthcare Market worth $194.79 billion by 2031 | MarketsandMarkets™
Publish Date: 2026-06-23 10:52:00
Source Domain: aijourn.com
• The Artificial Intelligence (AI) in Healthcare Market is expected to grow significantly, with a projected CAGR of 39.7% from USD 36.67 billion in 2026 to USD 194.79 billion by 2031.
• The clinical applications segment within AI in healthcare is anticipated to have the highest growth rate, reaching a CAGR of 41.4% over the forecast period.
• The cloud-based models are currently the most widely adopted deployment model of AI in healthcare, holding a large market share.
• The demand for AI in healthcare solutions is especially high in North America, which accounted for 42.4% of the market in 2025.
• The deep learning segment dominates the machine learning tools category of the AI healthcare market, thanks to advancements in processing unstructured medical data.
• Healthcare providers hold the greatest market share among end users, driven by increasing budgets to enhance care quality and cost reduction measures.
• The Asia Pacific region is projected to experience substantial market growth driven by technological advancements and increased investments.
• Key market players include companies like Koninklijke Philips N.V., Microsoft Corporation, Siemens Healthineers AG, among others.
