Artificial Intelligence (AI) in Healthcare Market Size

Artificial Intelligence in Healthcare Market size was over USD 49.71 billion in 2024 and is expected to exceed USD 6.64 trillion by the end of 2037, witnessing over 45.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of artificial intelligence in healthcare is evaluated at USD 67.8 billion. The growth of the market can primarily be attributed to the spiking number of elderly people with the need for assisted living facilities, the rising influx of large and complex healthcare data across the world, and increasing technological advancements in human-aware AI systems. National Library of Medicine published data showing that nearly 1.5 million geriatrics live in nursing homes while around 1 million spend their lives in assisted living facilities.

Global artificial intelligence in healthcare market trends such as growing healthcare expenditure and skyrocketing spending on artificial intelligence are projected to influence the growth of the market positively over the forecast period. As of 2021, AI funding across the globe was estimated to be nearly USD 18 billion which was a significant increase from about USD 650 million in 2011. Moreover, the government of every nation is more active to develop the healthcare infrastructure of their countries. According to statistics released by the World Bank, the healthcare expenditure was stated to be USD 1,121.9 per capita. Hence, all these factors are projected to hike the growth of the market over the forecast period.