The Future of AI Enabled Health 2025

AI is a major transformational force for healthcare. The market is expected to grow at a compound annual growth rate of 43% between 2024 and 2032, reaching a total value of $491 billion by the end of this period.4 Generative artificial intelligence (genAI) alone is projected to grow faster in healthcare than any other industry. With an estimated compound annual growth rate of 85%, the market value is expected to reach $22 billion5 by 2027 (see Figure 2). GenAI is projected to grow faster in healthcare than in other industries FIGURE 2 Notes: 1. Industries in the “other” category include industrial goods, energy, telecom and financial services (including retail and wholesale banking, asset and wealth management, insurance and private equity). 2. BFSI = banking, financial services and insurance. Source: Schroer, D., Simon, S., & Trommer, G. (2023, May 8). Medtech’s generative AI opportunity. BCG. https://www.bcg.com/publications/2023/generative-ai-in-medtech10 14191 4912 391216 1 291522 2111521 28152332 + 68% 2 2 2 0224 3 3 3 2 0236 2 0247 2 025 2 026 2 0275 5 9 1 83 56 18 81 21 6 10% 14% 21% 27% 30% 31% 131% 94% 91% 74% 44% 38%BFSI2 Consumer Healthc are Media Public sector Other175 64 85 59 52 61CAGR 20 22–2 025 (%) Year-on-year growth of genAI marketGenAI % of total AIGenAI total accessible market ($ billions) The Future of AI-Enabled Health: Leading the Way 8