AI in Healthcare: Global Market Analysis and Future Growth Trends

To medically diagnose a patient's condition, Artificial Intelligence (AI) requires a data mining strategy as well as pattern recognition. Neural networks recognise patterns and data that have already been placed into the system to process information. During the projected period, the AI in healthcare market is expected to increase at a CAGR of 50%, from USD 2 billion in 2018 to USD 36 billion by 2025.
This is made possible by AI's ability to recognise therapeutic targets and rapidly assist in drug design, discovery, identification, and screening of compounds. On the other hand, medical imaging is one of the primary application areas where AI has improved cancer and tumour diagnosis. It is mostly dependent on pattern recognition, which is made possible through deep learning.