The Rising Adoption of Advance Tech in Healthcare

CIOTechOutlook Team | Wednesday, 06 December 2023, 10:20 IST

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The global AI in healthcare market size is USD 20,040 million in 2023 and is expected to exceed USD 1,27,470 million by 2029 as a result of increasing adoption of advanced technology, innovation in clinical research, and rising demand for customized healthcare.
 
Healthcare Market Growth: Achieved 99% accuracy in mammogram evaluations leading to According to a current newsletter article of the National Institute of Health, a remarkable 99% accuracy achieved in evaluating mammograms, leading to quicker Breast cancer diagnosis, has driven market growth in the Healthcare Industry,as per Precedence Research.
 
Artificial intelligence refers to a computer system's ability to learn from data and make decisions to increase the likelihood of reaching a goal. As newer technologies improve and are updated, the application of AI in healthcare is increasing. Virtual assistants, clinical trials, wearables, cybersecurity, administrative workflow assistants, robotic surgery help, diagnosis, dose mistake reduction, and fraud error detection are all examples of how artificial intelligence (AI) has been used in healthcare. 
 
The market is driven by practical and accurate healthcare solutions. It is expected that as an AI application in Healthcare, it will continue to grow in order to demonstrate its worth in improving overall healthcare outcomes, lowering treatment costs, and increasing patient care.
 
Artificial intelligence (AI) mimics human cognitive processes, with a focus on learning and analyzing complicated issues. Machine learning is a term used to describe this part of intelligence that involves both hardware and software components. From a software standpoint, artificial intelligence (AI) is inextricably tied to algorithms. Artificial neural networks (ANNs) give a conceptual framework for implementing these algorithms, simulating some aspects of human brain activity.
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