How much influence will generative AI have in the MedTech industry in the coming 2- 5 years?
Sort by:
Generative AI is poised to play a pivotal role in revolutionizing the MedTech industry over the next 2-5 years. It will drive innovation in several key areas like medical imaging, drug discovery,and personalised medicine.
I believe over the next few years, generative AI is expected to have a lot of influence on the MedTech industry. This technology's ability to analyse medical data, improve diagnostics, and optimise treatment plans will streamline healthcare processes and better patient outcomes.
In the coming 2–5 years, generative AI can be helpful in diagnosing diseases such as cancer or cardiovascular issues, etc., finding new and alternative treatments for diseases, and developing intelligent robots and devices for surgical procedures, patient care, and rehabilitation.
The report forecasts the global AI market to grow at a compound annual growth rate of 35.2 per cent to $908.7 billion in 2030 from $81.3 billion in 2022. “Generative AI can improve medical treatment in a few ways.
The influence of generative AI in the MedTech industry will grow drastically in the coming 2–5 years. Generative AI is already being used to discover new drugs, which can help in the drug development process. It can also help to find insights and predictions, which can help researchers in the MedTech field.