Tag Archive | medical

Global Wearable Medical Device Market to Reach $30B

Global Wearable Medical Device Market to Reach $30B

North America is the largest region for wearable medical devices. It’s expected to reach $13.2 billion in revenue by 2023. The Asia-Pacific region’s unmet need for healthcare technology and the growing geriatric population give it the greatest potential for growth.

via BCC Research

Pharmaceutical Companies Explore New AI Applications

Pharmaceutical Companies Explore New AI Applications

How can artificial intelligence (AI) technology improve traditional medicine? With 97 percent of all drug discovery programs reportedly failing, the development of a single new therapeutic involves an average cost of $2.6 billion. Helping to improve that process is a huge upside opportunity.

via Digital Lifescapes

Blockchain will Advance New Drug Development

Blockchain will Advance New Drug Development

By reducing inefficiencies in the nearly $2 billion drug development process, the implementation of blockchain technologies would culminate in a significant decrease in trial duration and overall cost of drug development.

via World Economic Forum

Medical Data Apps Drive Demand for Cloud Services

Medical Data Apps Drive Demand for Cloud Services

Frost & Sullivan finds that the global market for healthcare cloud computing — revenue generated by cloud computing services offered to providers — will be worth almost $10 billion by 2021, primarily driven by the need to store the exponentially increasing volume of healthcare data.

via Digital Lifescapes

How Investment in mHealth Drives Medical Big Data Apps

mHealth big data market research

Activity tracker shipments continued to grow in 2015 — up almost 80 percent over 2014. Shipment totals will top 87 million in 2021 as these devices continue to lead consumers into the emerging wearable wireless connected health and well-being market, according to ABI Research.

Source: Digital Lifescapes

Exploring the New $100+ Billion Global Robotics Industry

IoT Robotics market research

A variety of advances in batteries, power electronics, motors, sensors, processors, artificial intelligence and other technology fields are now creating an environment where robotics can finally surge ahead in many different ways.

Source: Digital Lifescapes

Outlook for Machine Learning and Big Data Analytics in 2016

cognitive-computing

The most important application of machine learning in biology is its utility in making predictions based on big data. Computer-based predictions can make sense of big data, test hypotheses and save precious time and resources.

Source: World Economic Forum