• The global AI in healthcare market size was estimated at USD 19.27 billion in 2023 and is expected to grow at a CAGR of 38.5% from 2024 to 2030

    Grand View Research

  • In terms of revenue, U.S. accounted for 52.6% of the global AI in healthcare market in 2023

    binariks

  • U.S. is expected to lead the global market in terms of revenue in 2030

    binariks

86% of healthcare providers, life science companies, and tech vendors use AI

FDA approved 521 devices using AI, according to the last update .

Radiology has 75%, or 391, FDA cleared devices.

4 Drivers Affecting AI in the Healthcare Market

The growing amount of medical data: According to the DATCON index, the healthcare data explosion will exceed 10 trillion gigabytes by 2025 . Now AI algorithms can help operate it and give important insights.

Emerging global issues: COVID-19 has become a litmus test for identifying problems in healthcare. Medical AI can enable healthcare providers to do more with less. Moreover, it can revolutionize AI and the healthcare market and pay more attention to prediction than treatment.

Population aging: With the increase in life expectancy, people need more medical help and care. AI-enabled technologies can help people to live healthier and longer lives.

Lack of medical staff: With a shortage of medical workers, the duties and burden on existing employees increase. That leads to mistakes and negatively affects performance and patient care. AI can help automate routine tasks and give new opportunities for treatment.

*https://binariks.com/blog/artificial-intelligence-ai-healthcare-market/

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