AI, computer vision and machine learning systems proved that machines are better and faster than humans analyzing big data. Today, organizations have large datasets of patient data and insights about diseases through techniques like Genome Wide Association Studies (GWAS). Using AI, healthcare providers can analyze and interpret the available patient data more precisely for early diagnosis and better treatment. Today, it is possible to say whether a person has the chance to get cancer from a selfie using computer vision and machine learning to detect increased bilirubin levels in a person's sclera, the white part of the eye. As the interest in AI in the healthcare industry continues to grow, there are numerous current AI applications, and more use cases will emerge in the future.

The AI in healthcare market is projected to expand from its current $2.1 billion to $36.1 billion in 2025, representing a staggering compound annual growth rate (CAGR) of 50.2 percent. That's according to new research from ReportLinker, which notes that the rapid increase in value will be driven largely by North American investment, with the United States at the forefront of innovation and spending. Hospitals and physician providers will be the major investors in machine learning and artificial intelligence solutions and services, the report predicts. "A few major factors responsible for the high share of the hospitals and providers segment include a large number of applications of AI solutions across provider settings; ability of AI systems to improve care delivery, patient experience, and bring down costs; and growing adoption of electronic health records by healthcare organizations," noted the summary of the report. "Moreover, AI-based tools, such as voice recognition software and clinical decision support systems, help streamline workflow processes in hospitals, lower cost, improve care delivery, and enhance patient experience."

Artificial intelligence (AI) in the healthcare market is expected to grow to $36.1 billion by 2025. The "Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography -- Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period. "Machine learning's [ML's] ability to collect and handle Big Data -- and increasing adoption of ML by hospitals, research centers, pharmaceutical companies and other healthcare institutions to improve patient health -- are fueling its growth in AI-in-healthcare market," according to the report. "The growing adoption of NLP [in] applications such as patient-data and risk analysis, lifestyle management and monitoring, and mental health is propelling the growth of this technology in the market." Companies cited in the report include NVIDIA, Intel, IBM, Google, Microsoft, AWS, General Vision, GE Healthcare, Siemens Healthineers (Germany), Medtronic, Johnson & Johnson, and Philips (Netherlands).

Only 15% of enterprises are using AI as of today, but 31% are expected to add it over the coming 12 months, according to Adobe. The number of active startups has increased by 1400% since 2000, per Stanford University. Investment into AI startups by venture capitalists has soared sixfold since 2000, per Adobe. The share of jobs requiring AI has increased by 450% since 2013, per Adobe. For enterprises using AI, top-performing companies said they are more than twice as likely as their industry counterparts to use the technology for marketing, 28% vs. 12%, per Stanford.