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Artificial Intelligence in Healthcare Market to Hit US$ 164.16 Billion by 2030 with 49.1% CAGR | MarketsandMarkets™

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DELRAY BEACH, Fla., Dec. 19, 2024 /PRNewswire/ — The global artificial intelligence in healthcare market, valued at US$10.31 billion in 2023, is forecasted to grow at a robust CAGR of 49.1%, reaching US$14.92 billion in 2024 and an impressive US$164.16 billion by 2030. The market growth is primarily driven by the increase in the chronic diseases such as heart disease, stroke, diabetes, and cancer subsequently putting significant pressure on healthcare service providers to optimize their operations. Moreover, technological advancements in machine learning algorithms, cloud computing, data analytics, and other sophisticated technologies is largely driving the market growth. Companies are updating their product portfolio to incorporate artificial intelligence into their offerings. For instance, GE Healthcare, Cognizant, and many more have upgraded their Artificial Intelligence (AI) in healthcare capabilities to enhance overall healthcare experience. However, the resistance among medical practitioners to adopt AI-based solutions, and high implementation costs are expected to restrain the market growth to a certain extent.

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The global Artificial Intelligence (AI) in healthcare market is segmented into integrated solutions, niche/point solutions, AI technology, and services, by offering. The integrated solutions segment is accounted for the largest share in 2023. The large share of this segment is attributed to the increasing demand for seamless software-service combinations that address complex healthcare challenges like workflow optimization, predictive analytics, and personalized care. These providers enable healthcare organizations to adopt AI solutions more effectively by offering end-to-end support, from implementation to ongoing system management, which reduces operational complexity and ensures regulatory compliance. Additionally, advancements in AI-powered platforms such as clinical decision support, coupled with rising investments in healthcare IT infrastructure, fuel this trend by making integrated solutions more attractive to hospitals and clinics seeking value-based care models.

Based on tools, the AI in healthcare market is segmented into machine learning, natural language processing, generative AI, computer vision, image analysis, and other tools. In 2023, the machine learning segment accounted for the largest share of the market. The large share of this segment can be attributed to the enormous availability of data, also called big data, and the increasing adoption of ML by hospitals, research centers, and other healthcare institutions to improve patient health. ML is being implemented in healthcare to deal with large volumes of data, streamline hospital administrative processes, map and treat infectious diseases, and personalize medical treatments. These advantages are poised to increase the adoption of ML in the healthcare industry.

The Artificial Intelligence (AI) in healthcare market is divided into clinical applications and non-clinical applications, by application. In 2023, the clinical applications segment is expected to demonstrate highest growth rate during the forecast period. The high adoption of artificial intelligence (AI) in healthcare for clinical applications is driven by its ability to improve diagnostic accuracy, optimize treatment plans, and enhance patient outcomes. AI-powered tools, such as predictive analytics and imaging diagnostics, support clinicians in early disease detection and personalized care, addressing growing demands for efficiency and precision in healthcare delivery. Additionally, advancements in machine learning and natural language processing enable integration into clinical workflows, while rising investments and favourable regulatory policies further accelerate adoption.

The AI in healthcare market is studied for the five major regions: North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The North American region dominated the market due to the high per capita healthcare expenditure, ongoing technological developments, particularly in machine learning & deep learning, the rising demand for precision medicine, and the favourable reimbursement scenario. The surging number of patients with chronic disorders and significant investments by government & private entities toward healthcare information technology further propel the growth. Moreover, the competitive scenario in North America motivates key market players to develop innovative tools, driving continuous growth in service offerings.

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The prominent players operating in the Artificial Intelligence (AI) in healthcare market include Koninklijke Philips N.V. (Netherlands), Microsoft (US), Siemens Healthineers AG (Germany), NVIDIA Corporation (US), Epic Systems Corporation (US), GE Healthcare (US), Medtronic (US), Oracle (US), Veradigm LLC (US), Merative (IBM) (US), Google (US), Cognizant (US), Johnson & Johnson (US), Amazon Web Services, Inc. (US), SOPHiA GENETICS (US), Riverian Technologies (US), Terarecon (ConcertAI) (US), 3M (US), Tempus (US), Viz.ai (US). These companies adopted strategies such as product launches, product updates, expansions, partnerships, collaborations, mergers and acquisitions to strengthen their market presence in the Artificial Intelligence (AI) in healthcare market.

Koninklijke Philips N.V. (Netherlands) is one of the key players that offers Artificial Intelligence (AI) in healthcare solutions. Philips leverages AI in healthcare to deliver innovative solutions across diagnostic imaging, patient monitoring, and precision medicine. Its advanced AI-driven platforms, such as the Philips HealthSuite, enable the integration and analysis of vast clinical data, supporting personalized treatment plans and improved patient outcomes. AI capabilities are embedded in imaging tools enhances diagnostic accuracy and streamlines radiology workflows. The company’s solutions focus on operational efficiencies, including workflow automation and predictive analytics, empowering healthcare providers to deliver value-based care. Philips’ strong emphasis on collaboration with hospitals and technology partners further accelerates the adoption of AI in healthcare. Philips has a significant global presence, serving over 100 countries across North America, Europe, Asia-Pacific, Latin America, and Africa. Its operations are supported by a strong network of subsidiaries, including Philips Healthcare, Philips Medical Systems, and Philips Research. The company maintains strategic R&D centers in key markets and collaborates with leading medical institutions to drive innovation in health technology.

Microsoft (US) is one of the leading providers of software & tools that leverages advanced AI capabilities in healthcare to enhance patient outcomes, streamline operations, and drive innovation. Its Azure-based AI solutions support diverse applications like medical imaging, genomics, and precision medicine. Microsoft also offers healthcare-specific AI models through its Azure AI Model Catalog, designed to support hospitals and research institutions in building and deploying tailored AI solutions efficiently. Additionally, the integration of Nuance’s AI-powered clinical and diagnostic tools bolsters its capacity to support healthcare providers in decision-making and care delivery. Microsoft has a strong global presence, with key operations supported through its Azure cloud infrastructure across regions like North America, Europe, Asia-Pacific, and the Middle East. Its geographic footprint enables widespread access to advanced AI tools for healthcare providers, ensuring scalability, data security, and compliance with local regulations like GDPR in Europe and HIPAA in the U.S.

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Envision Energy Expands African Presence with Inauguration of South Africa Office

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CAPE TOWN, South Africa, June 22, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, officially inaugurated its South Africa office in Cape Town, marking a significant milestone in the company’s long-term commitment to supporting South Africa’s energy transition ambitions and accelerating the deployment of renewable energy solutions across the African continent.

The opening ceremony brought together government representatives, industry leaders, customers, partners, and stakeholders from across the energy sector. The event featured remarks from Kane Xu, Senior Vice President of Envision Energy, and an official ribbon-cutting ceremony led by Dr. Kgosientsho Ramokgopa, the Minister of Electricity and Energy of South Africa.

The Cape Town office will serve as Envision Energy’s regional hub for Southern Africa, supporting the company’s growing activities in wind power, battery energy storage systems (BESS), and integrated renewable energy solutions.

“The opening of our South Africa office represents an important milestone in Envision Energy’s journey across Africa,” said Kane Xu, Senior Vice President of Envision Energy. “South Africa is a key market in the global energy transition, and we are committed to being a long-term partner in supporting the country’s renewable energy and energy storage ambitions. Through local presence, local partnerships, and world-class technology, we look forward to contributing to a more resilient, sustainable, and affordable energy future.”

The Minister welcomed Envision Energy’s growing presence in South Africa and highlighted the importance of collaboration in advancing the country’s energy goals.

“The establishment of Envision Energy’s Cape Town office demonstrates confidence in South Africa’s energy future. We look forward to continued collaboration in strengthening energy security and creating long-term opportunities for sustainable growth,” said Dr. Kgosientsho Ramokgopa, the Minister of Electricity and Energy.

The opening comes as Envision Energy continues to expand its footprint across Africa, supporting utility-scale renewable energy and energy storage projects that contribute to grid stability, energy access, and decarbonization goals. The new Cape Town office further strengthens Envision Energy’s ability to serve customers and partners across South Africa and the wider African continent, while contributing to local talent development, knowledge sharing, and long-term industry growth.

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SOURCE Envision Energy

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Wego Partners with Saudi Ministry of Hajj and Umrah to Transform the Digital Umrah Experience

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Wego continues to advance digital innovation in Umrah services and is among the first platforms to enable electronic Umrah visa issuance, helping simplify the pilgrimage journey for travelers worldwide

RIYADH, Saudi Arabia, June 22, 2026 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has announced a strategic partnership with the Saudi Ministry of Hajj and Umrah to introduce a fully integrated digital platform designed to enhance and simplify the Umrah journey for pilgrims worldwide.

This collaboration marks a significant step in advancing Saudi Arabia’s vision of delivering a seamless, digitally enabled pilgrimage experience. By bringing together Wego’s leading travel technology and extensive regional reach with the Kingdom’s trusted network of licensed Umrah service providers, the platform offers pilgrims a streamlined, end-to-end booking experience.

Wego continues to play a leading role in digital innovation within pilgrimage services, as among the platforms enabled to facilitate Umrah visa requests digitally, reinforcing its commitment to simplifying the travel experience for pilgrims worldwide.

Through a single, intuitive flow, travelers can access flight bookings, verified hotel bookings, licensed ground services, and facilitated Umrah visa request submissions, ensuring a more transparent, efficient, and reliable journey from planning to arrival. All visa issuance is conducted by the relevant authorities in the Kingdom of Saudi Arabia.

A Seamless, End-to-End Pilgrim Journey

The new platform is designed to redefine how Umrah services are accessed and delivered. Wego will leverage its expertise in travel search, payments, and digital distribution to manage marketing, sales, and customer transactions, while trusted, licensed Umrah service providers focus on delivering high-quality, on-ground services.

The Saudi Ministry of Hajj and Umrah plays a key regulatory and supervisory role in overseeing the Umrah ecosystem, ensuring compliance, quality standards, and a consistent experience for pilgrims, while licensed operators are responsible for service delivery and operational execution.

This model enhances operational efficiency while ensuring consistency and accountability across the entire pilgrim experience. All transactions are securely processed in Saudi Riyals at the time of booking, reinforcing transparency and eliminating unexpected on-ground costs.

Commenting on the partnership, Mamoun Hmidan, Chief Business Officer at Wego, said: “Through our collaboration with the Saudi Ministry of Hajj and Umrah, we are enabling a more seamless and transparent Umrah journey powered by technology. By integrating flights, facilitated visa request processes, verified accommodations, and licensed ground services into one unified platform, we are enhancing the overall pilgrim experience while creating new growth opportunities for Umrah service providers across Saudi Arabia.”

Tailored Experiences for Every Pilgrim

The platform introduces three thoughtfully designed service tiers, allowing pilgrims to choose experiences that best match their needs and preferences.

Essential: Core services including airport reception and dedicated on-ground support.Standard: Enhanced convenience with intercity transportation between key locations such as Makkah and Madinah.Premium: A more personalized journey featuring private transfers, curated sightseeing experiences, and round-the-clock support.

Each service tier is carefully curated to meet Wego’s quality benchmarks, ensuring pilgrims receive reliable, high-value options at every step of their journey.

Enhanced Transparency and Traveler Protection

To further strengthen trust and reliability, the platform incorporates clear consumer protection policies, including flexible booking modifications and refund eligibility under defined conditions. These measures are designed to provide peace of mind while maintaining operational efficiency for service providers.

Additionally, multilingual support capabilities and dedicated customer service channels ensure accessibility for pilgrims from diverse global markets, reinforcing Wego’s commitment to inclusivity and service excellence.

Empowering the Umrah Ecosystem

As part of this initiative, Wego is inviting qualified Umrah service providers to participate in the platform, creating a scalable and competitive marketplace that supports the growth of Saudi Arabia’s pilgrimage sector.

The platform www.wego.com/umrah will be ready for launch in June 2026, aligning with the beginning of the Umrah season and enabling pilgrims to plan and book their journeys with greater ease and confidence.

About Wego

Wego is the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA). Combining a dynamic travel marketplace with on-platform bookings, Wego enables travelers to easily search, compare, and book flights and hotels across hundreds of airlines, hotels, and online travel agencies. Beyond its B2C marketplace, Wego also operates WegoPro, a next-generation business travel platform, and WegoBeds, a MENA-focused bedbank. The company is backed by Tiger Global, Ares Management, Square Peg Capital, MBC Group, and Arqaam Capital, and is dual-headquartered in Singapore and Dubai with offices in Bangalore and Mumbai.

For more information, visit www.wego.com

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Neko Health Announces Advancements to its Health Scan Experience, Fueling the Future of Proactive Healthcare

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New body composition and wearables integration deepen the Neko Health Scan – the latest step in a program of continuous innovation and global expansion. 

LONDON and STOCKHOLM, June 22, 2026 /PRNewswire/ — Neko Health, the health technology company redefining how people understand and act on their health, today announced its most significant advancements so far to the Neko Health Scan: body composition and wearables integration. In a single hour, members now see what’s happening beneath the surface – and between visits, a fuller picture of how they’ve actually been living day-to-day. Neko`s proprietary technology, clinical expertise and real health data come together to give members a complete picture of  where they stand, and what to do about it.

“Our latest advancements are more than new features – they’re a clear signal of what’s next for Neko Health,” said Neko Health Founder and CEO Hjalmar Nilsonne. “These features reflect something fundamental about how we operate: we are never finished. Every scan should be  more valuable than the last; every visit should tell members something they couldn’t have known otherwise, and every year should bring capabilities that weren’t possible the year before. We are redesigning the system from the ground up.”

Starting to roll out today, every Neko Health Scan will include body composition. Data captured  by Neko’s proprietary imaging device is now used to provide measures of visceral fat and body  fat percentage. Visceral fat, the fat stored around the organs that drives metabolic disease, insulin resistance, and fatty liver disease – is invisible to BMI and missed entirely by standard health checks. Neko Health now provides a measure of them without X-ray radiation to inform a conversation with a Neko clinician about each members’ metabolic health. Members with upcoming scan bookings can now also download the Neko Health App on iOS and connect to Apple Health to bring wearables data – steps, sleep, heart rate variability and more – directly  into their scan experience. This gives Neko Health clinicians the context to offer more targeted, personalized guidance. On repeat visits, wearables data helps explain year-on-year changes, so clinicians can act on the cause, not just the metric. 

“Body composition is one of the most impactful additions we could make to the Neko Health Scan, giving our clinicians access to metabolic data that will help provide insight into a health metric that most people haven’t had access to and has long been invisible to standard checks,”  said Neko Health Chief Medical Officer Dr. Sunita Mishra. “Visceral fat in particular is a strong predictor of metabolic disease, cardiovascular risk, and type 2 diabetes – yet most people have no idea what their levels are. Pair that with a year of wearables data showing how someone has actually been living, and you move from data points to a genuine story. That is where the real opportunity for early intervention lies.”

Neko Health builds technology in-house, including hardware, software, and consumer  experience. This vertical integration is not incidental; it is the foundation that allows Neko Health to control the experience from start to finish, to move faster and to improve continuously. 

In Stockholm, Neko Health is rolling out the next generation of scan technology – capturing  greater volume and higher fidelity of health data across skin, heart, and circulation – alongside  design evolutions to the scan room that will guide members through their visit with greater clarity and personalization. Body composition, wearables integration, and next-generation technology are the first steps toward something bigger. 

The Neko Health App is available today by searching “Neko Health” in the App store. To learn  more, visit NekoHealth.com.   

Supporting imagery can be accessed here.

About Neko Health

Neko Health is a health technology company that opened its first clinic in Stockholm in 2023, founded by Daniel Ek and Hjalmar Nilsonne. Neko Health designs and engineers its own hardware, software, and clinical protocols in-house, powering a one-hour full-body Neko Health Scan delivered across clinics in Stockholm, London, Manchester and Birmingham. Neko Health is expanding to the United States in 2026.  

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