Despite its potential, the health care artificial intelligence (AI) market remains nascent because of its relatively small size compared to the total addressable market. Technology research firm Omdia estimates that in 2019, the global market for health care AI software was $823m, making it the sixth-largest industry for AI revenue, but only a small fraction of the $16bn total AI software market.
Omdia forecasts that the health care AI software market will grow to over $10bn by 2025. This drastic growth will be driven by the sheer size of the health care...
AI vendors have developed advanced algorithms that can be applied to health care devices, especially for medical imaging. Many major equipment manufacturers have partnered with these vendors to incorporate AI...