Connect with us

Technology

Artificial Intelligence (AI) in Healthcare Market worth US$110.61 billion by 2030 with 38.6% CAGR | MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., May 9, 2025 /PRNewswire/ — The global Artificial Intelligence (AI) in Healthcare Market, valued at US$14.92 billion in 2024, is forecasted to grow at a robust CAGR of 38.6%, reaching US$21.66 billion in 2025 and an impressive US$110.61billion by 2030. The growing incidence of chronic diseases, linked with an increasing geriatric population, puts substantial financial pressure on healthcare providers. There is a rising need for the early detection of conditions such as dementia and cardiovascular disorders. This can be done by analysing imaging data to recognize patterns, which helps create personalized treatment plans. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54679303

Browse in-depth TOC on “Artificial Intelligence (AI) in Healthcare Market”

882 – Tables
61 – Figures
738 – Pages

By tools, the Artificial Intelligence (AI) in healthcare market for machine learning has been bifurcated into deep learning, supervised learning, reinforcement learning, unsupervised learning, and other machine learning technologies. The deep learning segment accounted for the largest share of the Artificial Intelligence (AI) in healthcare market in 2024. The capability to process vast amounts of unstructured medical data, such as electronic health records (HER), imaging, and genomics, allows accurate disease diagnosis and prediction. The integration of deep learning into healthcare is significantly boosting the AI in healthcare market, leading to substantial investments in diagnostic tools and predictive analytics. As computational power and data availability continue to increase, deep learning is set to unlock further advancements, solidifying its position as a key enabler of next-generation healthcare technologies.

By end user, the AI in healthcare market is segmented into healthcare providers, healthcare payers, patients, and other end users. In 2024, healthcare providers accounted for the largest share of the AI in healthcare market. The large share of this end-user segment can be attributed to the increasing budgets of hospitals to improve the quality of care provided and reduce the cost of care.

By geography, the Artificial Intelligence (AI) in healthcare market is segmented into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to see a substantial growth rate during the forecast period. The Asia Pacific (APAC) region is experiencing substantial growth in adopting AI technologies within the healthcare sector, driven by a combination of demographic shifts, technological advancements, and increased investments in innovation. The rising elderly population in the region is a key factor, with the proportion of individuals aged 65 years and above increasing significantly. The demand for advanced healthcare solutions has surged as the aging population faces chronic and age-related conditions, necessitating efficient diagnostic, monitoring, and treatment tools. AI technologies are being integrated into various healthcare applications, including predictive analytics, telemedicine, medical imaging, and patient management systems. These innovations aim to address gaps in healthcare access, improve diagnostic accuracy, and streamline operations across the region.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=54679303

The prominent players operating in the Artificial Intelligence (AI) in healthcare market include Koninklijke Philips N.V. (Netherlands), Microsoft Corporation  (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), among others. 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)

Koninklijke Philips N.V. is a leading player in the AI in the healthcare market. The company utilizes AI to deliver innovative tools across various areas, including diagnostic imaging, patient monitoring, and precision medicine. Its advanced AI-driven platforms, such as the Philips HealthSuite, facilitate the integration and analysis of extensive clinical data, which supports personalized treatment plans and improves patient outcomes. Philips focuses on organic and inorganic growth strategies to expand its market presence.

Strategic partnerships in high-potential markets and collaborations have been the key growth strategies of the company over the years. For example, in February 2025, Philips partnered with Medtronic to educate and train cardiologists and radiologists in India on advanced imaging techniques for structural heart diseases. This partnership aims to upskill 300+ clinicians in multi-modality imaging such as echocardiography (echo) and Magnetic Resonance Imaging (MRI), especially for End-Stage Renal Disease (ESRD) patients. In November 2023, Philips and NYU Langone Health partnered to focus on patient safety and outcomes. This partnership integrated innovative health technologies, including digital pathology, clinical informatics, and AI-enabled diagnostics, enabling real-time collaboration among clinicians. The company also focuses on winning contracts across several companies in the healthcare space. This helps the company expand its footprint. For instance, in September 2022, Philips and Mandaya Royal Hospital Puri (MRHP) in Jakarta underwent a digital transformation in a strategic partnership, enhancing patient-centered care and healthcare services.

Microsoft Corporation (US):

Microsoft Corporation is one of the leading providers of software & tools that include advanced AI capabilities in healthcare to improve patient outcomes, streamline operations, and drive innovation. Its Azure-based AI solutions support distinct applications such as medical imaging, genomics, and precision medicine. The company also provides healthcare-specific AI models through its Azure AI Model Catalog, which is constructed to support hospitals and research institutions in building and deploying tailored AI solutions proficiently. Moreover, the integration of Nuance’s AI-powered clinical and diagnostic tools encourages its capacity to support healthcare providers in decision-making and care delivery. The company continuously brings AI capabilities to the platforms in large-scale customer models. For instance, in March 2025, the company launched Microsoft Dragon Copilot, the first unified voice AI assistant in the healthcare industry that enables clinicians to streamline clinical documentation, surface information, and automate tasks.

Microsoft Corporation has invested significantly in R&D, which has improved its product portfolio and position in the AI market. Machine Learning (ML), deep learning, Natural Language Processing (NLP), and speech processing are the key focus areas of the company in the AI in healthcare market. The company continuously invests in a series of services and computational biology projects, including research support tools for next-generation precision healthcare, genomics, immunomics, CRISPR, and cellular and molecular biologics. It 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.

For more information, Inquire Now!

Related Reports:

Healthcare IT Market

Biomarkers Market

Life Science Instrumentation Market

Bioinformatics Market

Healthcare Analytics Market

Get access to the latest updates on Artificial Intelligence (AI) in Healthcare Companies and Artificial Intelligence (AI) in Healthcare Market Size

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter LinkedIn and Facebook .

Contact:

Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/artificial-intelligence-ai-in-healthcare-market-worth-us110-61-billion-by-2030-with-38-6-cagr–marketsandmarkets-302450931.html

Continue Reading

Technology

Shanghai Electric Presents Three Energy Transition Solutions at Enlit Asia 2026

Published

on

By

Supporting power-sector decarbonization, grid resilience, and low-carbon fuels across ASEAN

JAKARTA, Indonesia, Sept. 23, 2026 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727) showcased three energy transition solutions under the theme “Powering the Archipelago” at Enlit Asia 2026, held Sept. 22-24 in Jakarta, Indonesia.

As the premier annual platform for the ASEAN power sector, Enlit Asia attracts more than 11,000 attendees and 280 exhibitors, bringing together industry leaders, policymakers and innovators to explore advances, share insights and shape the region’s energy future.

Three Solutions for ASEAN’s Energy Transition

Tailored to the ASEAN market, the three solutions address key regional energy transition needs, including reducing carbon emissions from existing thermal power systems, enhancing renewable energy integration and stable operation of island grids, and providing low-carbon fuels for the shipping and aviation industries.

The High-Efficiency Power & Decarbonization solution is designed to help markets like Indonesia reduce power-system carbon intensity, spanning unit upgrades, fuel transition, and system optimization. Modular steam turbines for H- and F-class combined-cycle systems meet both power and heating needs while improving efficiency and reducing overall costs. Heavy-duty gas turbines can operate with up to 30% hydrogen blending, and coal-fired power retrofit solutions improve thermal efficiency and reduce coal consumption for lower-carbon operation.

The Grid Modernization & Resilience Upgrade solution addresses island-grid challenges in renewable energy integration, frequency regulation and voltage stability. It combines synchronous condensers, flywheels, multi-technology energy storage and integrated solar-storage power pods. Synchronous condensers and flywheels deliver rapid frequency response and inertia support; multi-technology storage covers short- to long-duration applications; and the power pods provide plug-and-play clean emergency power for remote areas and critical loads.

Building on the Jilin Taonan project, the full-chain Power-to-X Integrated Solutions cover wind and solar generation, green hydrogen, biomass gasification, and green methanol synthesis. The project has completed 8,000 tons of green methanol bunkering, a global single-bunkering record. Phase II, launched on August 20, 2026, targets 200,000 tons of green methanol and 10,000 tons of sustainable aviation fuel annually. Shanghai Electric is now extending these solutions to ASEAN’s shipping and aviation markets to support low-carbon fuel supply and shipping decarbonization.

Local Presence, Regional Impact

Shanghai Electric’s technologies and system solutions are supported by an established regional track record. Its energy equipment and services are deployed in Southeast Asian markets including Indonesia, Malaysia and Vietnam, with representative projects such as the Indonesia Pelabuhan Ratu 3 x 350 MW Coal-fired Power Station Project, the renewable energy plant in Selangor, Malaysia, and the recent Samalaju 500 MW-class combined-cycle gas power project in Sarawak, Malaysia.

These projects demonstrate the company’s integrated capabilities across traditional power upgrades, high-efficiency gas generation, renewable energy, and green fuels—laying a foundation for the three solutions’ further application in ASEAN.

During Enlit Asia 2026, Shanghai Electric also participated in the official conference agenda, delivering a technical presentation titled “Heavy-Duty Gas Turbine Technology for Clean, Efficient, and Smart Power Generation,” outlining its technology roadmap and regionally adapted solutions in heavy-duty gas turbines and combined-cycle systems. The company also hosted multiple roadshows and exchange activities, inviting representatives from PLN, Indonesia’s national electricity company, local customers, and academics in the energy sector to discuss fuel diversification and the development of Indonesia’s power system.

Looking ahead, Shanghai Electric will continue to draw on its energy equipment manufacturing and system solution capabilities to work with ASEAN partners and support the transition to more efficient, stable and lower-carbon energy systems across Southeast Asia.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shanghai-electric-presents-three-energy-transition-solutions-at-enlit-asia-2026-302887482.html

SOURCE Shanghai Electric

Continue Reading

Technology

JustMarkets: How Browser-Based Trading Is Changing Access to Global CFD Markets

Published

on

By

JAKARTA, Indonesia, Sept. 23, 2026 /PRNewswire/ — JustMarkets today showcased its browser-based CFD trading platform, offering traders direct, installation-free access to global CFD markets. As more traders move between devices, this web-based solution allows users to execute Contracts for Difference (CFD) operations directly from any web browser.

Trading Without Installation

The use of browser-based trading software may remove a common obstacle to market participation — installation. Traders do not need to download any software, configure the device, or rely on a single computer for their trading activities.

Users who trade in different places and use different devices may benefit most from browser-based platforms. The software becomes more accessible to traders who need quick access to charts and quotes.

Faster Access When Markets Move

CFD markets globally can respond swiftly to macroeconomic figures, central bank announcements, earnings news, commodity price fluctuations, and other geopolitical events.

JustMarkets’ web-based solution allows traders to respond to these events without the delay of installing software. While this cannot eliminate trading risk, it may improve the convenience of market access.

One Platform for Multiple CFD Markets

For CFD trading, browser-based trading terminals may be helpful, regardless of the asset class the trader uses. From forex and commodities to indices, stocks, and cryptocurrency CFDs, the trader can track multiple markets on a single online platform. It is particularly relevant in cases where traders monitor more than one instrument at a time or develop strategies based on overall market sentiment.

Simplicity for Everyday Trading

Not all traders require a complicated trading system for every decision they make. Often, what is needed are simple charts, live quotes, account details, and the ability to execute trades efficiently.

The JustMarkets web interface provides these core features through an uncomplicated web platform. New traders may find the platform easy to use, while experienced traders can use the web terminal to trade from wherever they happen to be.

Flexibility as the New Standard

Trading through the browser is part of a broader trend towards multiplatform trading. Traders are beginning to require greater flexibility in how they can access the market, including via desktop, mobile application, or the web.

However, the objective is not to replace other forms of trading altogether; rather, it is to provide greater flexibility to trade at a client’s convenience. For traders who require market access without an installation process, web-based trading offers an alternative platform.

Browser-Based Access Is Becoming Part of the Trader’s Routine

With an increasing number of traders moving across different platforms and seeking to trade faster in the global market, it is quite natural for web-based platforms to form part of the trading experience. JustMarkets has built its platform ecosystem with the provision of CFD instruments via platforms suited to various routines, ranging from desktop and mobile to browser-based platforms.

For the trader, the potential benefits include fewer technical steps, access to charting and order placement, and added convenience when following the forex, commodity, index, stock, and crypto CFD markets.

About JustMarkets

JustMarkets is a global financial CFD trading platform designed to eliminate technical “noise,” enabling investors to focus on what matters most: making accurate decisions. With modern infrastructure and professional services, JustMarkets serves as a reliable partner for CFD traders.

Risk Warning

Trading CFDs involves a high level of risk and may not be suitable for all investors. CFDs are leveraged products and can result in rapid financial loss. Leverage increases market exposure and the potential for losses. Ensure you understand the risks involved before trading.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/justmarkets-how-browser-based-trading-is-changing-access-to-global-cfd-markets-302887491.html

SOURCE JustMarkets

Continue Reading

Technology

Constellation Cold Logistics (“Constellation”) announced today the appointment of Abhy Maharaj as Chief Executive Officer

Published

on

By

LONDON, Sept. 23, 2026 /PRNewswire/ — Constellation, a leading platform in European cold storage and logistics, has today announced the appointment of Abhy Maharaj as its next CEO, effective 1 October 2026.

Abhy will succeed the current CEO, Carlos Rodriguez, who will move to the Advisory Board and support Constellation’s M&A strategy.  

Constellation Chair Nils S Andersen said: “On behalf of the board I would like to thank Carlos for his visionary leadership of Constellation over the last four years where the company has grown to become a European leader through acquisitions and developing new capacities in cooperation with our customers and market needs. We are delighted that he will join the board and continue to support our journey. Since joining in February 2025 as Chief Commercial Officer, Abhy has demonstrated his qualities in understanding the markets, engaging with customers, as well as leading the transformation and integration work. With his industry experience, he will provide competent leadership of Constellation during the next phase, where focus will continue to be on customer needs, growth opportunities and strengthening the operating platform. The board looks forward to the cooperation under his leadership.”

Carlos Rodriguez said: “I am delighted with Abhy’s appointment. He has proven to be an innovative, collaborative and results focused leader with a track record in growing businesses, transformation and operational excellence, together with automation and technology capabilities. Abhy is best positioned and has the Advisory Board’s full support to successfully implement the company’s strategic plan, I wish Abhy all the best. I would like to thank all Constellation employees for their outstanding support and commitment over the past four years.”

Abhy said: “It is an honour and privilege to succeed Carlos as CEO of Constellation. Thanks to his leadership, Constellation is well positioned for the future with a cohesive culture and sound growth pipeline. As incoming CEO, I am committed to leading the talented and hard-working people who make Constellation a great company and continue to generate long-term value. I look forward to continuing our close collaboration with our customers and suppliers to improve the European cold chain market.”

Before joining Constellation, Abhy held board and executive roles at NewCold Coöperatief, a developer and operator of highly automated cold storage warehousing. Prior to that, he spent 11 years in senior executive positions at Fonterra Cooperative Group, the world’s largest dairy exporter with sales in 130 countries. 

About Constellation: Constellation has become Europe’s leading independent cold storage and logistics provider with a presence in ten European countries, 1.2 million pallet positions of capacity and several expansion projects under implementation. The company is committed to its vision to be Europe’s most trusted logistics partner while maintaining its core values of Trust, Excellence, Entrepreneurship, and One Team. 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/constellation-cold-logistics-constellation-announced-today-the-appointment-of-abhy-maharaj-as-chief-executive-officer-302886450.html

Continue Reading

Trending