As per the latest research, the global market for Artificial Intelligence in healthcare is set to reach at USD 36.1 billion by 2025, from its current USD 2.1 billion, with a staggering CAGR of 50.2 percent. The rapid growth in value for a relatively new but highly impactful market will be largely driven by North American Investment, as well as the U.S. at the front position of innovation and investment.
The research report anticipated that healthcare centers and physician providers will be the key investors in AI and Machine Learning solutions and services. The report also said that a few key factors will be accountable for the high share of the healthcare centers and providers’ segment comprise a large number of applications of AI solutions across provider settings; capacity of AI systems to advance care delivery, patient experience, and bring down prices; and escalating adoption of EHR (Electronic Health Records) by organization. In addition, AI-based tools like voice recognition software and clinical decision support systems assist streamline workflow procedures in healthcare centers, lower price, enhance care delivery, and improve the patient experience. NLP (Natural language processing) tools will play an important role in bringing these improvements to providers. Natural language processing tools can translate speech into text; pull out tangible data elements from unstructured input, and power chatbots that provide customer service or even basic triage for low-level complaints.
These services will be valuable to clients looking for more convenient, on-demand access to care as well as among providers seeking to cut their keyboard time and simplify interactions with their EHRs. Utilizing AI to make more instinctive, user-friendly workflows is a top goal for EHR developers moving into this year, particularly as provider burnout keeps on to grow and dissatisfaction with existing products hits a fever pitch.