Shownotes Transcript
The Growing Market for AI in Healthcare — Today's Amazon Deals - https://amzn.to/3FeoGyg —- The Growing Market for AI in Healthcare In the upcoming years, a large increase in the market size for AI in healthcare is anticipated. The global market for AI in healthcare was estimated to be worth $4.9 billion in 2020, and from 2021 to 2028, it is anticipated to increase at a compound annual growth rate (CAGR) of 41.5%. In another data by Conor Stewart, in 2021, the average AI in healthcare was around $11 billion and projected to have a CAGR of 37% till 2030. The desire for effective illness diagnosis and treatment, customized medicine, and the expanding usage of AI in medical research and drug development are some of the drivers driving the expansion of AI in healthcare. AI-based technologies are being utilized for vaccine research, diagnostic imaging, and remote patient monitoring. The COVID-19 pandemic has further pushed the deployment of AI in healthcare.
Like other AI technologies and modalities, in order to evaluate and comprehend unstructured clinical data, such as notes from doctors, patient charts, and electronic health records, NLP technology is being employed in healthcare more and more as well. NLP can assist healthcare professionals in making better decisions and enhancing patient outcomes by gleaning insightful information from this data.
On medical diseases, drugs, and treatments, ChatGPT can offer precise and recent information. Both patients and healthcare professionals may ask questions and receive prompt, accurate responses. By offering pertinent information and making suggestions for potential diseases based on symptoms and medical history, ChatGPT can help medical professionals in the diagnosing process. Patients with mental health conditions or chronic diseases might benefit from the emotional support and counseling offered by ChatGPT. It may also include sources and details on coping strategies, self-care routines, and support systems. By offering translation services for non-native languages, ChatGPT can aid in removing communication barriers between patients and healthcare providers. Healthcare practitioners can focus on the patient by automating administrative activities like appointment scheduling, medication refills, and insurance verification using ChatGPT.