India Artificial Intelligence in Healthcare Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 32.40% (2024-2032)

Market Size in 2023: USD 251.63 Million

Market Size in 2032: USD 3,900.24 Million

The India artificial intelligence in healthcare market is growing rapidly, driven by advancements in diagnostics, personalized treatments, and data analytics. According to the latest report by IMARC Group, the market size reached USD 251.63 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 3,900.24 Million by 2032, exhibiting a growth rate (CAGR) of 32.40% during 2024-2032.

India Artificial Intelligence in Healthcare Market Trends and Drivers:

The high utilization of advanced technologies to advance medical outcomes, streamline operations, as well as lower costs are the factors responsible for the growth of India artificial intelligence in healthcare market. Additionally, the market is propelling owing to the rising adoption of AI-powered tools for diagnostics, predictive analytics, and personalized treatment plans, which is transforming healthcare delivery.

Besides this, there is a significant need for AI to enhance the efficiency of healthcare services with a vast population and a high burden of diseases. Moreover, initiatives by government authorities, such as the National Digital Health Mission (NDHM), are further encouraging the integration of AI into healthcare, promoting digital health technologies and data-driven solutions across hospitals and clinics.

Key trends shaping the India artificial intelligence in healthcare market include the increasing use of AI for early disease detection, particularly in areas like radiology, pathology, and genomics. In addition to this, AI-driven diagnostic tools are improving accuracy and enabling faster decision-making, which is crucial in a resource-constrained healthcare system. Furthermore, AI applications in telemedicine are gaining traction, offering remote consultations and diagnostics, especially in rural areas.

The use of AI for drug discovery and development is another growing trend, helping pharmaceutical companies accelerate research and bring new drugs to market more efficiently. Apart from this, healthcare providers and pharmaceutical companies continue to invest in AI technologies driven by innovation and the need for scalable, cost-effective solutions, which is anticipated to drive India artificial intelligence in healthcare market over the forecasted period.

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India Artificial Intelligence in Healthcare Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Offering:

• Hardware
• Software
• Services

Breakup by Technology:

• Machine Learning
• Context-Aware Computing
• Natural Language Processing
• Others

Breakup by Application:

• Robot-Assisted Surgery
• Virtual Nursing Assistant
• Administrative Workflow Assistance
• Fraud Detection
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Others 

Breakup by End User:

• Healthcare Providers
• Pharmaceutical and Biotechnology Companies
• Patients
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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