Artificial Intelligence in Healthcare

According to a Frost & Sullivan's "Artificial Intelligence Market -- Key Application Areas for Growth in Healthcare IT, Forecast to 2022", the market is anticipated to grow at a compound annual growth rate of 68.55% between 2018 and 2022 reaching $6.16 billion. Just like artificial intelligence is at the crux of many advancements being made across industries like Retail, eCommerce, and Finance, AI continues to make significant progress in healthcare too. Artificial intelligence in healthcare promises to help cut down healthcare costs while improving patient outcomes. Artificial intelligence is proving to be a self-running growth engine in the healthcare sector and here's how – According to Markets and Markets, the surgical robots global market will grow at a CAGR of 10.4% reaching $6.5 billion by 2023 from $3.9 billion in 2018. In 2018, more than 5K surgical robots were used in over 1 million medical procedures across the globe.