Creating Future of MedTech Industry with Artificial Intelligence
Artificial intelligence has been disrupting almost every industry under the sun and MedTech in no exception. AI is a breakthrough technology, but out of all areas where AI is making an impact, MedTech is the most important, as AI in healthcare market is projected to grow from USD 6.9 billion in 2021 to USD 67.4 billion by 2027. Key factor that contributes towards growth of MedTech sector is the imbalance between health workforce and patients. There is a growing need to improve healthcare quality, reduce costs, and adopt faster diagnosis systems.
Artificial Intelligence and Machine Learning aids in improving accuracy of diagnosing the disease, efficient management of electronic health records (EHR), and reduction in surgical errors with enhanced decision making. Additionally, AI-based tools for elderly care and patient monitoring, AI technology for drug discovery and development of AI and computer vision based non-invasive robotic systems are truly defining the Future of AI in Healthcare. A common use of artificial intelligence in healthcare is the Natural Language Processing (NLP) applications that can analyze unstructured clinical notes on patients, to provide incredible insights about patient’s health history.
Top reasons for adoption AI in MedTech are personalized treatment, better patient outcomes, increased affordability, easier management of chronic conditions and safer diagnosis. AI is not just any technology, but it is a technology taking MedTech to greater heights, with its broad range of possible applications.
Are you looking to build the next-gen, chip-to-cloud MedTech solutions? There is tremendous potential for IoT and AI-enabled and 5G-driven systems in the field of healthcare.
So, Innominds’ has developed, iMedVision (iDhi) platform, which powers innovation of advanced Internet of Medical Things (IoMT) applications to improve the quality of care and outcomes for patients. To know more about our cutting-edge vision-based Edge AI platform, get in touch with us today.
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