Generative AI making waves in medical device industry: Report
G
enerative artificial intelligence is making a significant impact on the medical device industry, according to a report on Thursday.
From crunching massive data sets for research and development breakthroughs to mimicking human speech for improved patient care, the technology is making waves.
Generative AI is being implemented across the medical value chain for applications ranging from R&D, imaging and diagnostics to patient care and support, leading to better patient outcomes, revealed the report by GlobalData, a leading data and analytics company.
The report forecasts the global AI market to grow at a compound annual growth rate of 35.2 per cent to $908.7 billion in 2030 from $81.3 billion in 2022.
Generative AI can improve medical treatment in a few ways. It can help to improve the accuracy of diagnostic imaging, provide guidance along medical workflows , and aid the ageing population by reducing the manual workload of healthcare professionals, said Alexandra Murdoch, Medical Analyst at GlobalData, in a statement.
✔️ Generative AI making waves in medical device industry: Report
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