AI platforms for healthcare industry to reach $4.3 billion in 2024: report

The marketplace for synthetic intelligence (AI) platforms for the healthcare business is about to develop to $4.3 billion by 2024 from $1.5 billion in 2019, in accordance with a report from knowledge and analytics firm GlobalData on Monday.

This is owing to the added integration of digital well being instruments and applied sciences similar to AI and machine studying (ML) into the healthcare business as a result of impression of the Covid-19 pandemic, mentioned the report.

Various healthcare corporations are already implementing high-tech options into current healthcare programs.

French biotechnology firm Genomic Vision, which specialises within the improvement and commercialisation of diagnostic options for genetic illnesses and cancers, has not too long ago launched FiberSmart, a brand new know-how that allows the visualisation and evaluation of lengthy DNA fibres at excessive decision.

Genomic Vision claims that FiberSmart has the potential to enhance the accuracy and effectivity of genetic illness analysis and remedy, main to raised affected person outcomes and lowered healthcare prices.

“The integration of digital health tools and technologies such as AI and ML to analyse large amounts of data and identify patterns and insights is transforming the healthcare industry and paving the way for more personalised and efficient healthcare,” Kamilla Kan, Medical Analyst at GlobalData, mentioned in an announcement.

Furthermore, AI is getting used to enhance the accuracy and effectivity of diagnoses, establish new therapies and therapies, and even predict and forestall illness outbreaks.

“The growing market for AI platforms in healthcare reflects the increasing demand for innovative solutions that can improve patient outcomes and reduce costs,” Kan mentioned.

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