Healthcare sector financials

Highest Mkt Cap
#6 of 49
$36 B
Highest CAGR
#5 of 49
28.5 %
AI is being used in to diagnose disease more accurately and earlier than traditional methods. In some cases, AI has been shown to outperform human radiologists in detecting breast cancer. AI can also be used to analyze electronic records to identify patients at risk of developing certain conditions and to monitor patient health in real time.

0 FDA approvals in Artificial Intelligence (AI)

Revolutionizing Healthcare through Artificial Intelligence (AI)

Improved Diagnostics and Treatment

"AI has the potential to improve the accuracy and speed of medical diagnosis, as well as the effectiveness of treatments. Machine learning algorithms can analyze large datasets to identify patterns and make predictions, which can be used to develop personalized treatment plans and improve patient outcomes." - Forbes, May 27, 2021 [1].

Efficient Patient Management

"AI can assist providers in managing patient care more efficiently, including tasks such as patient scheduling and follow-up, as well as identifying patients who may require additional care or intervention. This can help providers prioritize patient needs and ensure that patients receive timely and appropriate care." - Healthcare IT News, September 22, 2021 [2].

Reduced Administrative Burden

"AI can help reduce the administrative burden on providers by automating tasks such as data entry, coding, and billing. This can save time and resources, allowing providers to focus on patient care and improving patient outcomes." - HealthTech Magazine, October 19, 2020 [3].

Data Privacy and Security Concerns

"As with any technology that handles sensitive data, there are concerns around data privacy and security with AI in healthcare. It is important for organizations to implement robust security measures and ensure that patient data is protected from unauthorized access or breaches." - Healthcare Analytics News, February 22, 2021 [4].

Workforce Changes

"AI is likely to lead to changes in the workforce, with some jobs being automated or augmented by AI. However, AI is also expected to create new job opportunities, such as roles in data analytics and AI development and management." - Deloitte Insights, May 11, 2021 [5].

Investor sentiment

MarketsandMarketsMarch 2021

"...The AI market is expected to grow at a CAGR of over 43% during the forecast period 2021-2026, driven by the increasing adoption of AI in to reduce costs, improve patient outcomes, and enhance operational efficiency."

GlobeNewswireJune 2021

"...The global AI market is expected to reach $51.3 billion by 2027, driven by the increasing demand for AI-based solutions to improve patient outcomes and reduce costs, and the growing availability of large datasets for AI analysis."
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