Addressable Market For Health Care AI ‘Vast But Largely Untapped’
Survey finds multiple benefits in ultrasound
Omdia estimates that in 2019, the global market for health care AI software was $823m, making it the sixth-largest industry for AI revenue, but only a small fraction of the $16bn total AI software market.
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Artificial intelligence (AI) vendors are partnering with health care providers to identify practical challenges and consider AI technology as a potential solution. This type of collaboration is crucial to successful AI adoption because the technology is designed to tackle real-world health care problems. A myriad of examples was displayed at the recent RSNA 2020 meeting.
A confluence of factors promoting the rapid adoption of health care AI is expected to make 2021 a pivotal year for the technology, as demonstrated by product launches at RSNA 2020.
Omdia expects revenue for ultrasound systems to contract by 8.4% in 2020, but to pick up again in 2021.