AI in Medical Imaging Market to Reach $7.4 Billion
The global artificial intelligence (AI) in medical imaging market will reach $7.4 billion by 2027. The market will expand at a CAGR of ~45% from 2019 to 2027 in terms of revenue. North America was the largest contributor in terms of revenue in 2018.
Exploring the U.S. HealthTech Startup Market
The digital health (HealthTech) space has been growing quickly. According to CB Insights, digital health startups raised a record $14.8 billion across nearly 1500 deals in 2018 — that’s a 113% increase in funding since 2015.
via CB Insights
How Data-Driven Treatment will Transform Healthcare
Data, analytics, and artificial intelligence can help to improve healthcare choices. Data is behind the explosion of “precision medicine” and “personalized medicine” — and now, data can be used to identify the best treatment options for an individual.
Connected Wearables Shipment will Reach 239 Million
Growing at a compound annual growth rate (CAGR) of 15.4 percent, total shipments of smartwatches, smart glasses, fitness & activity trackers, smart clothing, mobile telecare and medical devices as well as other wearable devices are forecasted to reach 238.5 million units in 2023.
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
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.
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.
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.
How Investment in mHealth Drives Medical Big Data Apps
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
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
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