Artificial Intelligence (AI) in Healthcare Companies – NVIDIA Corporation (US) and Siemens Healthineers (Germany, are the Key Players

Chicago, March 07, 2024 (GLOBE NEWSWIRE) — The AI in Healthcare market size is projected to grow from USD 20.9 billion in 2024 and is projected to reach USD 148.4 billion by 2029; it is expected to grow at a CAGR of 48.1% from 2024 to 2029. The growth of the AI in Healthcare market is driven by the generation of large and complex healthcare datasets and pressing the need to reduce healthcare costs.

Major AI in Healthcare Companies Include:

  • Koninklijke Philips N.V. (Netherlands),
  • Microsoft (US),
  • Siemens Healthineers (Germany),
  • Intel Corporation (US), and
  • NVIDIA Corporation (US).

Major strategies adopted by the players in the AI in Healthcare market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

To know about the assumptions considered for the study download the pdf brochure

For instance, in December 2023, Microsoft and AFL-CIO jointly announced a groundbreaking tech-labor partnership focused on AI and workforce development. The partnership aimed to educate workers, integrate labor voices in AI development, and shape policies supporting workers.

 In November 2023, at #RSNA23, Philips successfully launched cutting-edge healthcare innovations, including next-gen ultrasound systems, the pioneering BlueSeal MR Mobile – the world’s sole fully sealed magnet for mobile MRI, and cloud-based PACS with AI-enabled workflows. These advancements aimed to enhance diagnostic accuracy, streamline workflows, and alleviate pressures on healthcare professionals, exemplifying a commitment to improving patient care.

Koninklijke Philips N.V.:

Koninklijke Philips N.V. is a technology company involved in the healthcare, lighting, and consumer sectors. The company has a vast portfolio of artificial intelligence solutions for the healthcare sector. It is one of the pioneers of introducing AI in the healthcare sector. Koninklijke Philips N.V. offers a comprehensive range of services and solutions in the healthcare sector, covering Healthcare Operations, Planning, Implementation, Optimization, Maintenance, Upgrading, Enabling Technologies, Consulting, and Financing. Their diverse solutions include Alarm Management, Ambient Experience, Early Warning Scoring (EWS), HealthSuite Digital Platform, Integrated Cardiovascular Solutions, Managed Technology Services, Patient Reported Outcomes, PerformanceBridge, and Strategic Partnerships. With specializations in Clinical, Business, and Government, as well as Non-clinical specialties, Philips is dedicated to providing a holistic approach to healthcare, combining operational services, innovative technologies, and strategic partnerships to enhance patient care and advance healthcare systems.

Philips focuses on both organic and inorganic growth strategies to expand its market presence. Strategic partnerships in high-potential markets and collaborations have been Philips’ marquee growth strategy over the years. For example, in November 2023, Philips and NYU Langone Health concluded an 8-year, up to USD 115 million partnership, focusing on patient safety and outcomes. The collaboration integrated innovative health technologies, including digital pathology, clinical informatics, and AI-enabled diagnostics, enabling real-time collaboration among clinicians.


Microsoft is a global leader offering software products and diverse licensing suites. They provide a range of services, encompassing cloud-based solutions that furnish customers with software, services, platforms, and content, along with offering solution support and consulting services. Additionally, they deliver targeted online advertising to a global audience. The product line comprises operating systems, cross-device productivity and collaboration applications, server applications, desktop and server management tools, business solution applications, software development tools, and video games. They are also involved in the design and sale of devices, such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and associated accessories.

Microsoft is among the major companies in the AI in healthcare market. The company is highly focused towards investments in R&D, which accelerate its product portfolio and position in the AI market. ML, deep learning, NLP, and speech processing are the key focus areas of the company in the AI market. Microsoft 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. The company is continuously involved in bringing the AI capabilities for the platforms in large-scale models of the customers.

CONTACT: 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. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. 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 work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy