DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Health IT Homepage

Life Image and Dicom Systems partner on interoperability Combine Dicom Systems' Unifier with Life Image global data-sharing network

Philips integrates its IntelliSpace Enterprise Edition, PerformanceBridge solutions ahead of RSNA Will be rolled out at Jackson Health System

FDA unveils new mobile app for real-world patient data collection Informs clinicians for regulatory decision-making

To tech companies entering healthcare: proceed with caution... please The core ideals of healthcare and tech are actually very different

Intelerad to advance InteleViewer platform with EnvoyAI technology suite Providing a 'broad list of algorithms' for rad exams

Fujifilm's Synapse 5 PACS gets OK to run on US DoD networks Credits the approval to an emphasis on data protection

IBM taking Watson Health to hybrid cloud Announcement comes on the heels of Red Hat acquisition

PaxeraHealth to develop new AI module for PACS system Captures and stores actions and behavior of radiologist

Renewing clinical faith: reducing telemetry overuse by improving med-surg monitoring A useful bookstore analogy to see what hospitals could be doing better

Accuray showcases software upgrades for CyberKnife and Radixact at ASTRO Allows for 40 percent faster treatment delivery

Global AI health care market to hit $28 billion by 2025: BIS research

by Thomas Dworetzky , Contributing Reporter
Big data is fast becoming a big player in the health care sector – and the artificial intelligence capabilities it creates could become a $28 billion market by 2025.

"Artificial intelligence in the health care sector has maximum usage in the personal health and nursing assistant application,” Rishabh Sinha, an analyst at BIS Research, stated, adding that, “the adoption of personal health and nursing assistants has witnessed a robust growth, over recent years. Presently, the people are more focused on utilizing their precious time doing something productive rather than wasting it in the hospitals waiting for their turn. The personal health and nursing assistants support the patients by analyzing their historical medical reports and present conditions."

Story Continues Below Advertisement

RamSoft PowerServer™ RIS/PACS - Enabling Efficient Diagnostic Imaging

RamSoft's PowerServer™ RIS/PACS is an intuitive, single database application that enables healthcare practices to operate diagnostic imaging more efficiently than ever before.Why is this important? Click to find out.



In its new report, BIS Research estimates that the artificial intelligence market in the space will grow at a CAGR of 45.1 percent, driven not only by assistant-level applications, but also by the insatiable thirst for data from the trend to evidence-based medicine, and the need to keep costs down by applying best practices derived from information analysis.

This combines with an increasing output of data from ever more pervasive and complex diagnostic tools from the “fitbit” level of personal health data collection to increasingly sophisticated large diagnostic imaging machines.

In fact, BIS is not the only one to see huge growth in the AI-health care space.

In August, Bipin Thomas reported in HealthCare Business News that Accenture estimates peg the increase even higher.

By 2026, he noted, a number of sectors within health care will combine to hit a total of about $150 billion, including:

-Robot-assisted surgery — $40 billion.
-Virtual nursing assistants — $20 billion.
-Administrative workflow assistance — $18 billion.
-Fraud detection — $17 billion.
-Dosage error reduction — $16 billion.
-Connected machines — $14 billion.
-Clinical trial participant identifier — $13 billion.
-Preliminary diagnosis — $5 billion.
-Automated image diagnosis — $3 billion.
-Cybersecurity — $2 billion.

Robot-assisted surgery coming in first, specifically for orthopedic surgery, he argued, will bump current leader, virtual assistants, to number 2.

“The AI technology incorporates data from actual surgical experiences to inform new, improved techniques and insights,” he explained.

Faced with this tsunami of health data, artificial intelligence will be needed to pull the wheat from the chaff, as the task of sifting through all this information for a given patient begins to overwhelm the ability of human diagnosticians to keep up. This is especially true, argued Thomas, as there is a global shortage of 7 million physicians, nurses and other health workers worldwide, and the problem is increasing.
  Pages: 1 - 2 - 3 >>

Health IT Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2018 DOTmed.com, Inc.
ALL RIGHTS RESERVED