Artificial Intelligence (AI) is the next wave of revolution in the medical health care industry. The wide scale use of AI had been relatively limited until now, mainly due to the shortage of high computing power and advanced processors. AI used to be mainly limited to supercomputers for research processes rather than being available for the mainstream industry. But now that we have access to affordable and advanced computing, seamless connectivity and innovative developments in the AI sector, the healthcare industry stands on the verge of a revolution. Many visionary companies employing AI applications have already been a part of a funding and major M&A activities across the globe.