AI is getting increasingly sophisticated at doing what humans do, but more efficiently, more quickly and at a lower cost. The potential for both AI and robotics in healthcare is vast. Just like in our every-day lives, AI and robotics are increasingly a part of our healthcare eco-system. One of AI’s biggest potential benefits is to help people stay healthy so they don’t need a doctor, or at least not as often. The use of AI and the Internet of Medical Things (IoMT) in consumer health applications is already helping people.
Technology applications and apps encourage healthier behaviour in individuals and help with the proactive management of a healthy lifestyle. It puts consumers in control of health and well-being.
The global healthcare artificial intelligence market is set to expand at an exponential CAGR of 51.9% during the forecast period 2018 to 2024. The value of the global market is poised to reach USD 12,218.3 Mn by 2024 from 1,003.3 Mn in 2017.
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Key Player Included in Report:
DEEP GENOMICS, Next IT Corp., General Vision, Google, NVIDIA Corporation, IBM Watson Health, Intel Corporation, Koninklijke Philips N.V., General Electric, Stryker, Microsoft Corporation, CloudMedx Inc.
Artificial intelligence (AI) aims to mimic human cognitive functions. It is bringing a paradigm shift to healthcare, powered by increasing availability of healthcare data and rapid progress of analytics techniques. We survey the current status of AI applications in healthcare and discuss its future. AI can be applied to various types of healthcare data (structured and unstructured). Popular AI techniques include machine learning methods for structured data, such as the classical support vector machine and neural network, and the modern deep learning, as well as natural language processing for unstructured data. Major disease areas that use AI tools include cancer, neurology and cardiology. We then review in more details the AI applications in stroke, in the three major areas of early detection and diagnosis, treatment, as well as outcome prediction and prognosis evaluation. We conclude with discussion about pioneer AI systems, such as IBM Watson, and hurdles for real-life deployment of AI
The overview of the market includes the applications of the global market along with the regional outlook and industry policies. It also summarizes about various provisions and descriptions from it. The report scrutinizes the production index of the Healthcare Artificial Intelligence market in terms of region, technology, types, end-users and materials. Along with this, it also comprises of an opening that is dedicated to analyze the new items in the market. Apart from the global perspective the various regions that are emphasized are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa and each region is considered on the basis of cost of production, revenues, price of raw materials and capacity.
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Finally, it focuses on some needs of the customers and quality of services, which helps in balancing Healthcare Artificial Intelligence of the industries.
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