AI and Healthcare
Promising news for the healthcare industry! A study predicts a significant increase in FDA-approved artificial intelligence products from 69 in 2022 to a projected 350 in 2035. These AI-based medical imaging products are set to revolutionize diagnostic radiology and enhance patient care.
The study analyzed the correlation between historical funding and FDA approvals. Revealing that for every $1 billion in funding, there were approximately 11.33 new AI products.
With projected funding reaching $30.8 billion in 2035, the potential for innovation in medical AI is immense. AI is poised to transform the landscape of healthcare. Offering improved diagnostic capabilities and driving further investment in this transformative field.