AI News, Artificial Intelligence Companies to Know in Healthcare artificial intelligence

Artificial intelligence could improve healthcare for all—unless it doesn’t

But even large data sets can pose problems, particularly when researchers try to apply their algorithm to a new population.

In the Nature Medicine study, all of the half million patients came from one medical center in Guangzhou, which means there is no guarantee the diagnostic lessons learned from training on that data set would apply to pediatric cases elsewhere.

Each medical center may attract its own unique set of patients—a hospital known for its cardiovascular center, for instance, may attract more critical heart conditions.

(CAPTION: In this 2017 TEDx Talk, Shinjini Kundu of Johns Hopkins Hospital explains how AI tools have the potential to glean more from medical images than doctors alone can—including predicting diseases before patients show symptoms.) This extrapolation will prove difficult in other situations as well.

This Week In AI: Anti-Aging Startup Juvenescence Raises $54M, Tesla And Intel Debut AI Chips, Microsoft Acquires jClarity

Last year, VCs invested a record $9.3B into US AI startups — more than 8x funding levels just 5 years ago ($1.1B in 2013).

In 2018, the top 3 states for AI deals were California (48% of deals), New York (12%), and Massachusetts (9%), though investors have bet on AI startups across the country.

Artificial Intelligence (AI) in Healthcare Market to Reach $27.6 billion by 2025- Exclusive Report by Meticulous Research®

London, July 30, 2019 (GLOBE NEWSWIRE) -- According to a new market research report “Artificial Intelligence in Healthcare Market by Product (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP), Application (Drug Discovery, Precision Medicine), End User, and Geography – Global Forecast to 2025”, published by Meticulous Research®, the global artificial intelligence in healthcare market is expected to grow at a CAGR of 43.5% from 2018 to reach $27.6 billion by 2025.

Artificial intelligence (AI) is utilized by the healthcare industry in various applications such as patient data and risk analytics, medical imaging and diagnosis, drug discovery, precision medicine, hospital workflow management, and patient management as it applies various human intelligence-based functions such as reasoning, learning, and problem-solving skills on different disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering.

Request Sample Report: The growth of artificial intelligence in healthcare market is mainly driven by growing demand of precision medicines, effective cost reduction in the healthcare expenditure, and rising funding in healthcare artificial intelligence.

NLP technology segment is estimated to account for the largest share of the overall artificial intelligence in healthcare market in 2019, mainly attributed to the rising adoption of NLP in clinical documentation and automated coding in claims submissions.

Speak to our expert analyst: On the basis of application, the artificial intelligence in healthcare market is segmented into patient data and risk analytics, medical imaging and diagnosis, drug discovery, precision medicine, hospital workflow, patient management, and other applications.

The large share of this segment can be attributed to increasing implementation of machine learning, deep learning, and other detailed pattern recognition algorithms that provide clinical decision support while improving the efficiency of radiologists, pathologists, and other image-based diagnostics.

Hospitals and diagnostics centers end user segment is estimated to dominate the overall artificial intelligence in healthcare market during the forecast period, mainly due to increasing number of collaborations among hospitals and companies to develop and implement customized Al solutions.

We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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