TechnoMark News

AI (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. The growth of the Artificial Intelligence (AI) in Healthcare market can be attributed to several factors which have led to wide scale adoption of AI in healthcare industry. Moreover, the AI ability to improve patient outcomes coupled with growing requirement for better healthcare facilities owing to imbalance between health workforce and patients is anticipated to further contribute to the substantial growth of the global AI in Healthcare market. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers to provide better healthcare facilities. For instance, in February 2019, IBM, an information technology company, teamed up with two separate academic centers named Brigham and Womens Hospital and, Vanderbilt Univ...

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 “ A...