The healthcare industry is set to see a significant rise in the use of Artificial Intelligence (AI) by the year 2024. According to a recent research report, the market for AI in healthcare is projected to reach a whopping $153.61 billion by 2029. This growth is attributed to a staggering compound annual growth rate (CAGR) of 48.49%.
One of the key factors driving this growth is the emergence of new AI startups in the healthcare sector. These startups are innovating and developing new technologies that are revolutionizing the way healthcare is delivered. Additionally, there is a rise in automation within the industry, which is further fueling the adoption of AI.
AI has the potential to transform the healthcare industry by streamlining processes, improving patient outcomes, and reducing costs. It can be used for a variety of applications such as diagnostic imaging, drug discovery, personalized medicine, and patient monitoring.
Overall, the future of AI in healthcare looks promising, with significant growth expected in the coming years. The industry is set to benefit greatly from the advancements in AI technology, leading to improved healthcare services and better patient care.