AI Adoption in Health Insurance and Payer Systems – North America Outlook 2027

The North America Artificial Intelligence (AI) in Healthcare Market 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.

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Cross-industry collaborations are driving the development of advanced machine learning models that can predict risks and offer cognitive support. In particular, AI is making significant strides in clinical trials to generate accurate and valuable insights. AI-powered tools, like clinical decision support systems and voice recognition software, are transforming workflows in hospitals and enhancing medical care, ultimately improving the patient experience. Cross-sector partnerships—spanning public, private, and nonprofit organizations—are among the most dynamic practices in corporate and societal relations, enabling innovation across various industries. As such, the increasing number of cross-industry collaborations is expected to accelerate AI adoption in healthcare, fueling market growth.

North America Artificial Intelligence (AI) in Healthcare Market Introduction

The North America Artificial Intelligence (AI) in Healthcare Market is divided into the US, Canada, and Mexico. In 2019, the US accounted for the largest share of this market. The region's market growth is largely driven by the advancement of digital infrastructure in healthcare, a well-established healthcare sector, and a growing awareness among patients about the benefits of AI. The presence of leading market players further boosts AI adoption in North America. Additionally, the increased use of digital tools in healthcare to both enhance quality and reduce costs is contributing to the market’s expansion in the US and across other North American countries. In particular, the US is the dominant player in this market, driven by the adoption of precision medicine, digital healthcare transformation, the rising prevalence of chronic diseases, and federal government support for the implementation of digital tools aimed at reducing costs and improving care quality. The growing integration of AI in healthcare remains a major factor propelling the North America Artificial Intelligence (AI) in Healthcare Market.

The COVID-19 pandemic has had a devastating impact across North America. In this context, AI has proven to be an indispensable tool in aiding public health experts to monitor and respond to the crisis. AI technology has become vital for tracking, diagnosing, and managing COVID-19 in the US and globally. For example, HealthMap, an AI tool developed by Boston Children’s Hospital, was one of the first applications to help track the outbreak, enabling doctors to triage patients to the appropriate care level even before a COVID-19 diagnosis was confirmed. Similarly, Facebook AI has partnered with academic researchers and specialists to launch various COVID-19-related initiatives. In October 2020, Facebook AI launched its COVID-19 Community Help Hub, where people could offer and request assistance. The platform also introduced an AI-powered matching feature to connect individuals with the right help. AI's ability to rapidly analyze large amounts of data is a key advantage in managing crises like pandemics, offering significant potential for improving outcomes and response efforts.

North America Artificial Intelligence (AI) in Healthcare Market Segmentation

North America Artificial Intelligence (AI) in Healthcare Market–By Component

• Software Solution
• Hardware
• Services

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 Country

• 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

North America Artificial Intelligence (AI) in Healthcare Market Strategic Insights

Strategic insights for the North America Artificial Intelligence (AI) in Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Artificial Intelligence (AI) in Healthcare Market Regional Insights

The geographic scope of the North America Artificial Intelligence (AI) in Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights