1、Healthcare is setting the pace for enterprise AI adoption.Long dismissed as a digital laggard that trailed years behind every major innovation wave,healthcare has flipped the script.The$4.9 trillion industry,1 which represents one-fifth of the U.S.economy2 but accounts for only 12%of software spend,

2、3 is now deploying AI at more than twice the rate(2.2x)of the broader economy.1.Centers for Medicare&Medicaid Services(CMS),National health expenditure data,NHE Fact Sheet,December 20232.Centers for Medicare&Medicaid Services(CMS),National health expenditure data,NHE Fact Sheet,December 20233.Based

3、on Menlo Ventures survey data,we estimate that healthcare accounts for approximately 12%of total enterprise software spendingabout$65 billion out of the$540 billion global subscription cloud software market.This calculation uses Menlos measured healthcare software adoption rates and Gartners 2024 fo

4、recast that 60%of the$899 billion global cloud market is attributed to software subscriptions(Market Share:Enterprise Software,Worldwide,2024).2025:The State of AI in Healthcare 2025 Menlo VenturesOctober 21,2025Greg Yap,Derek Xiao,Johnny Hu,Ph.D.,JP Sanday,and Croom BeattyThe transformation happene

5、d fast.In just two years,healthcare went from 3%adoption to becoming Americas AI powerhouse.Health systems are leading the charge at 27%,outpacing outpatient facilities(18%)and payers(14%).2025 Menlo VenturesAccording to Menlo Ventures research,22%of healthcare organizations have implemented domain-

6、specific AI tools,a 7x increase over 2024 and 10 x over 2023.Health systems lead with 27%adoption,followed by outpatient providers at 18%and payers at 14%.Life sciences companies are earlier in their journey but moving quickly,developing proprietary models built on decades of internal data to accele