Wednesday, December 8, 2021

g-f(2)714 THE BIG PICTURE OF THE DIGITAL AGE (12/8/2021), yahoo!finance, The healthcare artificial intelligence market is expected to reach USD 44.5 billion by 2026

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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, Artificial Intelligence, The Healthcare AI Market (12/8/2021) 


yahoo!finance, ReportLinker 

  • The healthcare artificial intelligence market is expected to reach USD 44.5 billion by 2026, growing at a CAGR of 46.21%.
  • Several pharmaceutical companies are implementing innovative technologies to boost their growth in the global healthcare industry. Collaboration of GSK with Exscientia identified a small compound for targeted therapeutics and its characteristics towards the specific target using the AI platform.
  • AI is becoming an incredible platform in the pharmaceutical industry.
    • For instance, Novartis announced Microsoft as a strategic partner in AI and data science to set up an AI innovation lab. Since the last year, over 50+ companies have got machine learning and AI algorithms approvals. During the COVID-19 pandemic, AI played a significant role in the healthcare industry. An analytics study by Accenture combined with clinical applications demonstrated the potential of AI to reduce approximately USD 150 billion per annum by 2026 in the US healthcare system.

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    yahoo!finance, ReportLinker

    • The software industry provides numerous services to the healthcare industry. With the advent of medical software, human errors are minimized in the global medical market. Using advanced software in healthcare enables the clinical experts to expertise their practices. Software providers are gaining huge opportunities in the healthcare artificial intelligence (AI) market. Software development companies are constantly striving to improve the industry and bring innovations.

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    yahoo!finance, ReportLinker 

    • US is the major revenue generator of the healthcare artificial intelligence (AI) market across the North American region. In North America, the potential increase in AI GDP is compounded by tremendous opportunities to adopt more productive technologies.
    • The following factors are likely to contribute to the growth of the healthcare artificial intelligence market during the forecast period:
      • Increase in patient volume & complexities associated with data fueling demand for AI.
      • The shrinking operational workforce in healthcare facilities propelling the need for AI.Technological advancement & innovations in AI influencing end-users in the market.
      • Rising Investment in advanced drug discovery & development process augmenting the adoption of AI.

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    • [genioux fact deduced or extracted from yahoo!finance, ReportLinker]
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