The Future of Healthcare: AI Platforms to Reach $4.3 Billion in 2024

The expanding AI market in healthcare reflects the demand for new solutions that can enhance patient engagement and reduce healthcare costs.

In 2024, Artificial intelligence (AI) platforms' market value for the healthcare industry will reach $4.3 billion, reveals report.

This is owing to the added integration of digital health tools and technologies such as AI and Machine //Learning (ML) into the healthcare industry due to the impact of the COVID-19 pandemic, said the report by GlobalData, a data and analytics company.

The Potential of Artificial Intelligence in Healthcare

Various healthcare companies are already implementing high-tech solutions into existing healthcare systems.

Artificial Intelligence in Healthcare - An Overview
Artificial intelligence (AI) in healthcare is the discipline using data intensive computer based solutions to improve patient care and outcome.

‘Artificial intelligence and machine learning analyze data and gather meaningful insights, paving the way for more personalized and care-driven healthcare. ’

French biotechnology company Genomic Vision, which specializes in the development and commercialization of diagnostic solutions for genetic diseases and cancers, has recently launched FiberSmart, a new technology that enables the visualization and analysis of long DNA fibres at high resolution.

Genomic Vision claims that FiberSmart has the potential to improve the accuracy and efficiency of genetic disease diagnosis and treatment, leading to better patient outcomes and reduced healthcare costs.

Furthermore, AI is being used to improve the accuracy and efficiency of diagnoses, identify new treatments and therapies, and even predict and prevent disease outbreaks.

Test Your Knowledge on Artificial Intelligence
Artificial intelligence (AI) or machine intelligence refers to the intelligence displayed by computers or robots in contrast to the natural intelligence exhibited by humans. It is considered one of the major advancements of the 4th industrial revolution and finds application in several fields including medicine. Take this quiz to test your knowledge on artificial intelligence

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