With Artificial Intelligence (AI) enabling a huge array of applications, healthcare agencies have been eager to layer their existing lines of business with AI-based facilities. While pharma agencies have been searching tools for tracking the effectiveness of therapeutics, imaging agencies have been augmenting the interpretability of scans through cognitive pattern interpretation.
Latest analysis from Frost & Sullivan, 2016 Global Outlook for the Healthcare Industry seeks the industry was worth $1.58 billion in the year 2015 and estimates this to reach $1.68 billion in the year 2016, progressing at a rate of 6.9%.
Nearly 24% of users presently use mobile apps to track health and wellness, 16% use wearable sensors and 29% use electronic personal health records. Primarily, 47% of users reported they would think about using wearables in the near future, prompting technology developers to design wearables with advanced sensing, capture and analytical functionalities. The gathered data from wearables are gaining relevancy through AI facilitated patient guidance and coaching.
Meanwhile, the healthcare agency has become more consumer-oriented and transparent with rating networks, incentives, penalties as well as online reviews for contributors and physicians.
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