Uploaded on Apr 8, 2024
The global artificial intelligence (AI) in healthcare market is anticipated to expand at a CAGR of 36.28% over the forecast period of 2024 to 2032. Read more
Patient-Centric Approach: AI in Healthcare Market Analysis
Patient-Centric Approach: AI in
Healthcare Market Analysis
According to Inkwood Research, the global artificial intelligence (AI) in healthcare
market is anticipated to expand at a CAGR of 36.28% over the forecast
period 2024 to 2032. AI in healthcare capitalizes on artificial intelligence technologies
to enhance healthcare outcomes, improve patient care, and increase operational
efficiency through data analysis and automation.
The World Health Organization (WHO) is fundamental in this domain; it establishes
ethical standards, promotes research, and fosters global collaboration in AI’s
healthcare applications. In the Asia-Pacific, countries
like China and Thailand substantively emphasize chatbots and machine learning in
healthcare.
Further, machine learning startups in the region are leading the way in utilizing AI to
improve decision-making, optimize operations, and enhance patient experiences.
This coordinated effort reflects the global commitment to harnessing AI’s potential to
transform healthcare delivery and improve overall health outcomes.
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S.A.R.A.H: WHO’s Initiative in AI in Healthcare Market
Have you ever imagined developing a better understanding of risk factors for
some of the leading causes of death in the world through AI?
Here’s how the World Health Organisation is facilitating this —
The World Health Organization (WHO) plays a pivotal role in advancing AI in
healthcare, as evidenced by the recent launch of S.A.R.A.H. (Smart AI Resource
Assistant for Health) on 2nd April 2024. This digital health promoter prototype,
powered by generative AI, is a significant step towards employing digital
technologies to improve access to health information globally.
S.A.R.A.H. engages users in 8 languages on various health topics, providing
personalized and empathetic responses in real time. This initiative aligns with
WHO’s commitment to ensuring that all individuals have the right to access accurate
and reliable health information. By leveraging modern technology like generative AI,
S.A.R.A.H. delivers information and fosters meaningful conversations, mirroring
human interactions.
The development of S.A.R.A.H. underlines WHO’s dedication to continuous learning
and refinement in the field of digital health. This prototype, supported by Soul
Machines Biological AI, is a demonstration of AI’s potential to narrow health
inequities and promote well-being globally. However, WHO also stresses the need
for ongoing research to address ethical concerns surrounding AI in healthcare,
including equitable access, privacy, safety, and data accuracy.
Through projects like S.A.R.A.H., WHO is facilitating reliable, responsible, and
accessible health information dissemination. Moreover, ensuring this technology
benefits all individuals while upholding the highest standards of ethics and evidence-
based content.
Thailand’s HD | Improvising Patient Outcomes in AI in Healthcare Market
Chatbots are crucial in AI-driven healthcare, assisting in tasks like patient
communication, appointment scheduling, medical inquiries, and data analysis,
ultimately enhancing patient care.
In line with this, Thailand’s HD, a healthcare startup known as the ‘Airbnb for
surgeries,’ is venturing into AI within healthcare following a $5.6 million funding
round. This expansion into AI is supported by notable investors such as SBI Ven
Capital, Kyobo Securities, NTU Singapore’s NTUitive, M Venture Partners,
Febe Ventures, Partech Partners, Ratio Ventures, Orvel Ventures, and TA
Ventures.
Their recent Series A funding enabled HD to expand into Vietnam earlier, and now
the country is focusing on launching an AI-powered chatbot. This chatbot is
designed to handle routine queries and will free up staff for more complex issues
while ensuring round-the-clock customer service.
Additionally, the chatbot will streamline tasks and improve patient outcomes
throughout Southeast Asia. HD aims to train the chatbot using anonymized
healthcare data and integrate it into HDmall within three months, with plans for
further deployment in hospitals and clinics by the 2024 end.
Despite projecting profitability post-pandemic, HD’s funding strategy harmonizes with
leveraging lower acquisition costs amid evolving market dynamics. The growing
accessibility of AI, in companies like OpenAI, is rebuilding the healthtech landscape.
This transformation is evident in the anticipated 11% budget allocation for AI across
diagnostics, drug discovery, and patient engagement in the country.
Market Position: As per Inkwood Research, Thailand artificial intelligence (AI) in
healthcare market is predicted to develop at a CAGR of 36.88%
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Progressive Reconstruction in AI in Healthcare: Alipay’s Medical Assistant
Alipay, a prominent Chinese payment app and digital wallet, has introduced an
innovative solution in healthcare called the ‘AI Medical Assistant.’
This visionary tool utilizes AI large models and digital human technology, including
virtual avatars, to revolutionize how patients interact with doctors and access
medical services. Further, the assistant is designed to seamlessly assist users
throughout their healthcare procedure, from pre-treatment to post-
treatment phases.
1. Pre-Appointment Assistance:Patients can describe their symptoms online,
and the AI assistant will direct them to the appropriate department, simplifying
the process and avoiding misdirection.
2. In-Hospital Guidance:Upon reaching the hospital, patients will encounter
customized ‘Assistants’ tailored to their city and hospital. These assistants
provide guidance on treatment plans, review reports, and facilitate insurance
payments.
3. Post-Consultation Support:After consultations, patients can access their
medical records and prescriptions and inquire about reports. The AI health
assistant also establishes a health file for ongoing care through Internet
Hospital features.
Alipay’s initial implementation of this AI assistant, named ‘Anclin,’ is in collaboration
with the Zhejiang Provincial Health Commission. It is operational in 92
hospitals across the province. The introduction of Alipay’s AI Medical Assistant
represents a shift towards patient-centric healthcare. It incorporates user-friendly
interfaces and comprehensive functionalities to progressively reconstruct the
healthcare sphere in China.
Stay up-to-date with what’s trending in the Global Artificial Intelligence (AI) in
Healthcare Market
Market Position: As per Inkwood Research, China artificial intelligence (AI) in
healthcare market is estimated to grow at a CAGR of 37.84%.
AI has become a transformative force in healthcare, revolutionizing the way medical
professionals diagnose, treat, and manage patient care from AI-powered chatbots
optimizing administrative tasks to machine learning algorithms aiding in disease
detection and treatment planning globally.
The integration of AI technologies is stimulating healthcare outcomes and
empowering patients with personalized and accessible medical services. As AI
continues to evolve and integrate seamlessly, artificial intelligence (AI) in healthcare
market is expected to observe progressive growth over the forecast period.
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FAQs:
1. What are some examples of artificial intelligence applications in
healthcare?
A: Artificial intelligence applications in healthcare include medical imaging
interpretation, predictive analytics for disease prevention, virtual health
assistants for patient engagement, drug discovery and development, robotic
surgery assistance, and electronic health record (EHR) management.
2. How is AI contributing to healthcare innovation?
A: AI contributes significantly to healthcare innovation. It accelerates medical
research, enables precision medicine, facilitates remote patient monitoring,
and drives advancements in healthcare accessibility and affordability.
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