AI in healthcare offers the opportunity to help physicians identify better treatment options, detect cancer at an early stage and engage patients for better healthcare. Companies such as IBM have played a big role in pushing AI into healthcare. The company is using its Watson platform technology in the field of cancer research, insurance claims and clinical support tools to enhance AI needs. For instance, Alder Hey Children’s Hospital uses chatboats to access validated information from patients related to a hospital visit. The cognitive technology is provided by IBM Watson to enhance the patient experience.
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Increasing application of AI in health monitoring, drug creation, digital consultation, diagnosing various forms of diseases, and other healthcare system analysis is augmenting the demand for AI in healthcare market. AI in healthcare sector can also be used for managing claims, medical imaging, detecting fraud, improving clinical workflows, and predicting hospital acquired infections. However, lack of skilled professionals in AI is likely to restrain the growth of market to a certain extent.
Some of the key players operating in the global artificial intelligence in healthcare market are:
NVIDIA Corporation, Intel Corporation, GENERAL ELECTRIC COMPANY, Siemens Healthcare Private Limited, Koninklijke Philips N.V., IBM, Google, Micron Technology, Inc., Medtronic, and Microsoft among others.