AI platforms gain ground in healthcare industry

AI platforms in the sector will increase to $4.3b in 2024.

The healthcare industry is increasing the integration of AI and machine learning, which will lead to the growth of the AI platforms market.

GlobalData said the platform will increase from US$1.5b in 2019 to $4.3b in 2024.

It cited healthcare companies implementing cutting-edge technologies in healthcare systems such as Genomic Vision, which rolled out FiberSmart, a tech that enables visualisation and analysis of long DNA fibres at high resolution.

“Genomic Vision claims that FiberSmart has the potential to improve the accuracy and efficiency of genetic disease diagnosis and treatment, leading to better patient outcomes and reduced healthcare costs,” GlobalData said.

GlobalData medical analyst Kamilla Kan said accuracy and efficiency of diagnoses will be improved by tapping AI.