Artificial intelligence platforms for healthcare industry to reach $4.3bn by 2024

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Artificial intelligence platforms for healthcare industry to reach $4.3bn by 2024
Artificial intelligence platforms for healthcare industry to reach $4.3bn by 2024

The growing market for artificial intelligence platforms in healthcare reflects the increasing demand for innovative solutions that can improve patient outcomes and reduce costs

Due to the impact of the COVID-19 pandemic, digital health tools and technologies such as artificial intelligence (AI) and machine learning (ML) are expected to further integrate into the healthcare industry. Against the backdrop, for the entire healthcare industry the market for AI platforms is set to grow from $1.5 billion in 2019 to $4.3 billion in 2024, forecasts GlobalData.

High-tech solutions are already being implemented by various healthcare companies into existing healthcare systems. FiberSmart, a new technology that enables the visualisation and analysis of long DNA fibres at high resolution has been recently launched by the French biotechnology company Genomic Vision, which specialises in the development and commercialisation of diagnostic solutions for genetic diseases and cancers.

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

Kamilla Kan, Medical Analyst, GlobalData, commented, “The integration of digital health tools and technologies such as artificial intelligence and machine learning 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. Furthermore, artificial intelligence is being used to improve the accuracy and efficiency of diagnoses, identify new treatments and therapies, and even predict and prevent disease outbreaks.”

“The growing market for artificial intelligence platforms in healthcare reflects the increasing demand for innovative solutions that can improve patient outcomes and reduce costs. As companies like Genomic Vision continue to develop and implement high-tech solutions, GlobalData expects even more significant advancements in the field of healthcare in the coming years.”

Also readTechnology is an ever-evolving space

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