Nearly after two years since the first outbreak of COVID-19 pandemic, there has been a massive disruption across different industries which apparently hit the Healthcare Industry and Healthcare providers the hardest of all. It is pretty safe to say that the pandemic has been one of the top most challenges which the healthcare industry has ever faced.
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And as we are in the third year of COVID-19 pandemic, the healthcare industry is slowly getting back on its feet after facing all the challenges it made them rethink about how they were carrying out the process. With machine learning and Adaption of AI we will be seeing a lot of new trends in the Healthcare industry.
The adaption of AI is transforming the Healthcare industry like we have never witnessed before.
From being only used to carrying out simple operations like picking up the phone call to being highly in demand due to increasingly used in more significant procedures like drug development and precision medicine, Artificial Intelligence has come a long way and is definitely here to stay for good.
Research shows that the global Artificial Intelligence ( AI ) in the Healthcare market was estimated to be at $10.4 billion in the year 2021 and is currently valued at $15.4 billion. The market is expected to continually grow from $15.4 billion in 2022 to $208.2 billion by the year 2030 with a CAGR of 38.4%.
The adaption of AI in the healthcare is making advancement in precision medicines, digitisation, drug development, wearable technologies, cloud based healthcare system and many more.
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The Healthcare industry has been heavily reliant on manual labour since forever now, but now things are changing. The industry is now shifting and preferring the use Artificial Intelligence(AI) to carry out operations more efficiently and precisely to deliver quality healthcare to the patients.
When Artificial Intelligence is combined with human intelligence, it can significantly eliminate the high risk of human errors as compared to human labour alone hence reducing as many risks as possible alongside continual expense which can lead to major benefits and high level performance.
The innovation acceleration was largely enabled by the use of the new drug development platforms that allow researchers to use artificial intelligence and machine learning models protein and cellular interactions to rapidly advance the science.
AI enabled drug discovery models eliminated months and years from the research process, which reduced the time development of the drug and accelerated the time to treatment.
Advanced precision medicines.
Healthcare tailored specifically for you, “Precision Medicines” is a product of the digital world — one in which genetic testing is now available and wearable technology like Fitbits can read vital signs in a flash. The ready availability of this kind of data enable provider to create customised treatment plans suited to each individual. The increase of AI adoption in the healthcare industry is accelerating these advances in precision of medicine.
AI has already showing significant improvements in the healthcare industry and providing patients the support and treatment they need, all in all making it a lot more easier for both patients and providers by its convenience, increasing efficiency of cost and reducing the error.
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