Receive our newsletter – data, insights and analysis delivered to you
  1. Comment
November 30, 2020

AI-Powered Platforms Expand Further into Traditional Healthcare

Artificial intelligence (AI) has been widely used in the medical industry since the COVID-19 pandemic has spread all over the world.

By Katie Wong

Artificial intelligence (AI) has been widely used in the medical industry since the COVID-19 pandemic has spread all over the world.

According to GlobalData analysis, in the coming years, digital health tools and technologies are expected to witness higher adoption due to the growing burden on healthcare systems. AI is of particular interest due to its capabilities in image analysis, track and tracing, and improved assessment and data analysis in a very short period compared to humans. According to GlobalData forecasts, the market for AI/machine learning (ML) platforms will reach $52B in 2024, up from $29B in 2019.

CorticoMetrics LLC is a US-based company specializing in improving the state of clinical decision-making in neuroradiology, augmenting qualitative assessment with quantitative analysis of magnetic resonance imaging (MRI) scans of the brain. The FDA has granted 510(k) clearance for a recent CorticoMetrics’ product, THINQ. THINQ is an AI-based software for improved MRI brain volumetric reporting that can help radiologists and neurologists with the assessment of various brain disorders. The software can automatically provide measurements and visualizations of a brain structure using the segmented MRI image of a brain.

Furthermore, AI is capable of improving the traditional approach of image processing by reducing the time needed to analyze the images and helping radiologists with quality control (QC) process and error detection. US-based company Braid received an FDA clearance for its AI-powered diagnostic collaboration software. The AI-powered mobile platform allows medical professionals to easily access, review, and share the images with patients on any mobile device.

The rapid surge of AI-powered platforms in traditional healthcare will further improve and make it more effective. AI will greatly contribute to reducing the time needed to diagnose and treat patients and will make communication between medical personnel and patients easier and quicker.

Content from our partners
The added value of Qarad’s multilingual freephone service to their eIFU solution
Small and simple: how medical device manufacturers select materials
Precision wire: The future of bespoke medical treatment
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU