tipFebruary 24, 2021 10 The artificial intelligence (AI) in healthcare diagnosis market was valued at US$ 3,639.02million in 2019 and is projected to reach US$ 66,811.97 million by 2027; it is expected to grow at a CAGR of 44.0% during 2020-2027. The growth of the market is mainly attributed to factors such rising adoption of AI in disease identification and diagnosis, and increasing investments in AI healthcare startups. However, the lack of skilled workforce and ambiguity in regulatory guidelines for medical software are the factor hindering the growth of the market. Artificial Intelligence in healthcare is one of the most significant technological advancements in medicine so far. The involvement of multiple startups in the development of AI-driven imaging and diagnostic solutions is the major factors contributing to the growth of the market. China, the US, and the UK are emerging as popular hubs for healthcare innovations. Additionally, the British government has announced the establishment of a National Artificial Intelligence Lab that would collaborate with the country’s universities and technology companies to conduct research on cancer, dementia, and heart diseases.