3 AI Healthcare Stocks to Ride Out the Coronavirus Resurgence

The implementation of artificial intelligence and machine learning in the healthcare sector has been rather diverse and extensive over the past few months, owing to the coronavirus pandemic. The reliance on these technologies is growing, primarily because of their ability to simplify the assessment of complicated data and cases. Therefore, now would be the ideal time for one to look at a couple of AI stocks from an investment perspective. Looking closely at the growth prospects of AI in the healthcare sector, one finds can find many. According to a report by Markets and Markets, artificial intelligence in the global healthcare market is expected to grow from $4.9 billion in 2020 to $45.2 billion by 2026 at a CAGR of 44.9%. While the major reasons for using artificial intelligence in healthcare are the rising volume of healthcare data and increasing complexities of datasets, the need to bring healthcare costs down, and improving computing power and lessening hardware costs.