Healthcare Industry Outlook: Emergence of Artificial Intelligence Expected to Bolster Growth in Coming Years

Published on : Aug 29, 2018

Albany, New York, August 29, 2018: The healthcare industry is one of the fastest growing industries in the world. The growing advancements in the industry are steadily contributing towards its market growth. According to the findings of the latest study, expansion in the current market, new product development, and improving operational efficiency are the top three priorities for the healthcare companies over the next six months. To elaborate further, Market Research Hub (MRH) has broadcasted a study titled “Healthcare Industry Business Outlook and Procurement Report July 2018 - December 2018” to its vast archive, which examines the healthcare companies important priorities for the year 2018.

This in-depth study on healthcare industry business aims to provide information to the readers interested to gain knowledge about ongoing advancements in the healthcare sector. It further helps enterprises by providing insights into the changes in procurement budget allocations and revenue contribution through projections anticipated by executives for July 2018-December 2018. The revenue contribution in the industry has been presented and evaluated on the basis of different regions, healthcare equipment, and drug categories to the global healthcare industry for the forecast period of 2017-2022.

Key Highlights from the Report

•             On the basis of geography, the research delivers information about key emerging and developed markets that are expected to offer significant growth over the next six months. According to the study, the US and China are the leading developed and emerging markets, respectively, which are expected to offer significant growth prospects to the healthcare industry.

•             The study also offers a precise section dedicated to the market dynamics, which comprises key drivers, restraints, and opportunities impacting the healthcare industry market. Analysts of the report state that increasing and aging populations, advancement in medical equipment and treatments, major public health problems, and continuous development of innovative drugs and devices are factors expected to drive market expansion and expenditure in the global healthcare industry.

•             Another vital section of the report decides the expected technology to gain investment among healthcare companies over the next two years. As per the survey, artificial intelligence, and APIs and digital platforms are the key emerging technologies that are expected to gain investment in the healthcare industry over the next two years.

•             This intelligent report concludes with the analysis of the key players in the healthcare business market. Few of the major players include Takeda Pharmaceutical, Shire Plc, GlaxoSmithKline Plc. (GSK) and Novartis International AG.

The research study also assists healthcare companies to take informed decisions by providing information on the latest mergers and acquisitions within the market and by presenting executives views on the global M&A trend.

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