Artificial intelligence (AI) is expected to grow in the healthcare market to $ 36.1 billion by 2025. "Artificial intelligence in the healthcare market through introduction, technology, application of end-use, end-user and geography – The Global Outlook 2025 report revealed that AI used in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent over the forecast period.
"Automated Learning [ML’s] Ability to collect and manipulate large data – And increased adoption of medical treatment by hospitals, research centers, pharmaceutical companies and other health care institutions to improve patient health – "Are fueling their growth in the domestic health care market," according to the report. "Increasing adoption of NLP [in] Applications such as patient data and risk analysis, lifestyle management and monitoring, mental health drive the growth of this technology in the market.
The companies listed in the report include NVIDIA, Intel, IBM, Google, Microsoft, AWS, General Vision, GE Healthcare, Siemens Healthineers (Germany), Medtronic, Johnson & Johnson and Philips (Netherlands).
The report noted that North America is likely to experience the highest compound annual growth rate during the forecast period, with the United States as one of the major contributors to the AI-in-healthcare market in the region.
In fact, earlier this month, it was announced that two Safeway stores in the Phoenix area now offer AI-operated clinics in partnership with Akos Med Clinic. The medical clinic developed by AdviNOW Medical is used to diagnose and treat a variety of common conditions, such as sinus infections, ear pain, sore throat, rashes, urinary tract infections, tension and sprains.
"As digital health evolves rapidly, we are excited to achieve this unprecedented approach to virtual medical care," said Akos CEO and co-founder Kishley Anand, MD at the time. "At Acos, we are committed to improving access to quality healthcare, and this partnership will expand the reach of tele-health beyond our telemedicine capabilities by setting up clinics where consumers regularly shop."