AI in healthcare is used to perform complex cognitive tasks and to analyze large amounts of patient data quickly & effectively. Artificial Intelligence makes use of the number of different algorithms and decision-making capabilities, as well as vast amounts of data, to provide a solution or response to a request. AI in healthcare offers the opportunity to help physicians identify better treatment options, detect cancer at an early stage and engage patients for better healthcare. Companies such as IBM have played a big role in pushing AI into healthcare. The company is using its Watson platform technology in the field of cancer research, insurance claims and clinical support tools to enhance AI needs. For instance, Alder Hey Children’s Hospital uses chatbots to access validated information from patients related to a hospital visit. Cognitive technology is provided by IBM Watson to enhance the patient experience.
Market Industry Reports (MIR) has published a new report titled “Artificial Intelligence in Healthcare Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global artificial intelligence in healthcare market is estimated to be over US$ 3.2 Billion in 2019. It is anticipated to grow at a CAGR of ~51 % from 2019 to 2030.
Major Key Players of the Ai in Healthcare Market are:NVIDIA, Intel, GENERAL ELECTRIC COMPANY, Siemens Healthcare Private Limited, Koninklijke Philips N.V., IBM, Google, Micron Technology, Inc., Medtronic, and Microsoft among others.
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