The artificial intelligence in healthcare market in North America is expected to grow from US$ 1,605.67 million in 2019 to US$ 44,056.97 million by 2027; it is estimated to grow at a CAGR of 50.1% from 2020 to 2027.
Cross-Industry Partnerships Driving AI Adoption in Healthcare
Cross-industry collaborations are accelerating the development of advanced machine learning models that enhance risk prediction and cognitive assistance in healthcare. AI is increasingly being applied in clinical trials to improve accuracy and efficiency. Tools such as clinical decision support systems and voice recognition software are streamlining hospital workflows, enhancing patient care, and elevating the overall healthcare experience. These partnerships—spanning public, private, and nonprofit sectors—are among the most dynamic practices in corporate and societal relations. As a result, the growing number of cross-industry collaborations is expected to further boost AI adoption in healthcare, fueling North America Artificial Intelligence (AI) in Healthcare Market expansion.
Market Overview: North America Artificial Intelligence (AI) in Healthcare Market
The North America Artificial Intelligence (AI) in Healthcare Market is segmented into the U.S., Canada, and Mexico. In 2019, the U.S. dominated the regional market share, driven by its evolving digital healthcare infrastructure, well-established medical sector, and increasing patient awareness of AI’s benefits. The presence of key industry players and the widespread adoption of digital tools to improve care quality while reducing costs further contribute to market growth.
The U.S. remains the largest market for AI in healthcare within North America, propelled by factors such as:
- Rising adoption of precision medicine
- Digital transformation in healthcare
- Increasing prevalence of chronic diseases
- Government initiatives promoting AI integration to enhance efficiency and reduce costs
Impact of COVID-19 on North America Artificial Intelligence (AI) in Healthcare Market
The pandemic has had a profound impact across North America, with AI emerging as a critical tool in managing public health. AI technologies have been instrumental in tracking, diagnosing, and treating COVID-19. For example:
- HealthMap, an AI-driven tool developed by Boston Children’s Hospital, was among the first to detect the COVID-19 outbreak, enabling faster patient triage.
- Facebook AI partnered with researchers to support COVID-19 response efforts, launching features like the *COVID-19 Community Help Hub* in October 2020. This AI-powered platform connects individuals in need with those offering assistance.
AI’s ability to rapidly analyze vast datasets has proven invaluable during the pandemic, demonstrating its potential to transform crisis response and healthcare delivery.
North America Artificial Intelligence (AI) in Healthcare Market Segmentation
North America Artificial Intelligence (AI) in Healthcare Market –By Component
- Software Solution
- Hardware
- Service
North America Artificial Intelligence (AI) in Healthcare Market – By Application
- Robot Assisted Surgery
- Virtual Assistants
- Administrative Workflow Assistants
- Connected Machines
- Diagnosis
- Clinical Trials
- Fraud Detection
- Cybersecurity
- Dosage Error Reduction
- Others
North America Artificial Intelligence (AI) in Healthcare Market – By End User
- Hospitals & Healthcare Providers
- Patients
- Pharma & Biotech Companies
- Healthcare Payers
- Others
North America Artificial Intelligence (AI) in Healthcare Market – By Countr
- US
- Canada
- Mexico
North America Artificial Intelligence (AI) in Healthcare Market – Company Profiles
- Alphabet Inc.
- Arterys Inc.
- General Electric Company
- Intel Corporation
- Johnson and Johnson Services, Inc.
- Koninklijke Philips N.V.
- Microsoft Corporation
- Nuance Communications, Inc.
- NVIDIA CORPORATION
- Siemens Healthineers AG
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
