Healthcare AI Market to Surge; Already Commonplace in Radiology

The healthcare artificial intelligence (AI) market is going to grow enormously and has the potential to increase the efficiency of all healthcare processes and procedures; it may even reduce physician burnout (see:Cerner Offers AI Tool to Combat Physician EHR Burnout). A recent article discussed how the healthcare AI market will increase in value (see:Healthcare AI market expected to surge from $2.1 to $36.1 billion by 2025). It's a long and complex article so read it in its entirely if you're interested. Below is a small excerpt from it:The healthcare artificial intelligence market is expected to grow from $2.1 billion in 2018 to $36.1 billion by 2025, at a compound annual growth rate of 50.2 percent during the forecast period....Increasingly large and complex data sets available in the form of big data, and a growing need to reduce increasing healthcare costs, are driving the growth of the market.Improving computing power and the declining cost of hardware are other key factors in the projected market growth. Despite the emerging data/technology picture, challenges remain. There's a reluctance among medical practitioners to adopt AI-based technologies, and a lack of skilled workforce and ambiguous regulatory guidelines for medical software also conspire to restrain the growth of the healthcare AI market....AI has already penetrated healthcare in areas such as radiology and cancer detection....Perhaps due to this, some are worried that AI is coming to replace the...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Digital Imaging in Pathology Electronic Health Record (EHR) Healthcare Information Technology Predictive Analytics Preventive Medicine Quality of Care Source Type: blogs