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The healthcare industry has catalyzed its growth with the adoption of AI. Based on the recent graph of the growth rate of healthcare from 2019-2021, Analytics Insight predicts an estimated growth of revenues shooting up to US$68 billion and a CAGR of 64% by 2025.
The emergence of customized healthcare apps, AI-powered machineries, and high-end technology-driven measures to combat the dreaded situation posed by COVID-19 have proved the healthcare's active responsiveness to digital changes. Healthcare centers are bound by ethics to serve people in need and hence arises the need to employ and implement advanced technologies to keep it running and ensure efficient performances.
The market size of healthcare post-integration of AI has swollen up as the healthcare sector on a whole boosted itself in terms of performance and availability. Both healthcare professionals and patients have started making a shift to the digital space as digital gadgets are used to generate accurate and error-free results. Additionally, with contactless services being the new norm now, heavy AI integrations in the healthcare infrastructures have made virtual services easy even for the ones who are not technologically cognizant. Another major factor stimulating and catalyzing the growth of AI health care is the fact that medical science has successfully leveraged modern technologies to provide an impetus to the development of the vaccine.
Besides major developments that make the headlines, the adoption of AI integrations and machine learning have also helped to reduce costs, which is an important factor to boost medical facilities.
Based on the visible growth of healthcare in a span of 2 years (2019-2020), estimates are that the software services segment will gain a boost post the forecast period. Moreover, machine learning claims to grow at the highest CAGR during the forecast period taking medical imaging and diagnostics into the count train as well.
The healthcare sector, on tasting the sweet pill of strong AI integrations, is now climbing the ladder of profit maximizations and strong play.
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