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AI to Save Healthcare Industry over USD 150 Billion by 2025

Artificial Intelligence (AI)-enabled solutions offer real-world benefits such as automated disease prediction, personalization of treatment pathways, intuitive claims management, and real-time supply chain management to ensure higher profitability and sustained competitive advantage for payers, providers and pharmaceutical enterprises. In spite of these benefits, their uptake in healthcare IT has been slow on account of strategic and technological challenges, with only 15-20% of end users actively using AI to bring about a real change in the way they deliver healthcare. More...
01 Oct 2018

Chinese AI System Designed to Predict Diabetes Years in Advance

4 Paradigm, a technology company, is working with Ruijin Hospital to develop a new artificial intelligence (AI) system that will help them to identify patients at risk of developing diabetes up to 15 years in advance. The model named Ruining Knows Sugar, or Ruining Zhitang in Chinese, has achieved an accuracy rate of 88% in tests. More...
24 Sep 2018
Image: Research suggests that medical device organizations need to align with the business landscapes of targeted countries in order to achieve commercial success (Photo courtesy of iBS).

Study Examines How Medical Device Industry Can Increase Success

An aging global population, growing health awareness, and rising income levels in most emerging markets are driving the need and opportunity for high-quality medical device solutions in these regions. However, in order to capture market share in growth regions such as Asia-Pacific (APAC) and Latin America (LATAM), medical device organizations need to align their emerging-market strategies and business models in line with the regulatory and business landscapes prevailing in the target countries and markets. More...
18 Sep 2018

Global Medical Robots Market to Reach USD 16 Billion by 2023

The global medical robots market is projected to grow at a CAGR of 21.0% from an estimated USD 6.46 billion in 2018 to USD 16.74 billion by 2023, driven by technological advancements, advantages of robot-assisted training in rehabilitation therapy, increased funding for medical robot research, and IPOs issued by medical robot companies. However, safety concerns over robotic surgery devices are expected to limit the market growth to some extent. Recent studies have found a number of technical difficulties and complications experienced while performing procedures using robotic systems. According to the FDA, from 2000 to 2013, surgical robots have been linked to over 144 deaths, over 1,391 injuries, and 8,061 device malfunctions. More...
10 Aug 2018
Image: The AI system is designed as a navigational tool for operating rooms and surgery centers (Photo courtesy of Digital Surgery).

Surgeons Demonstrate Efficacy of First Real-Time AI System

Digital Surgery, a health tech company founded by surgeons for surgeons and healthcare professionals, has developed and successfully demonstrated the world’s first real-time, dynamic artificial intelligence (AI) system designed for the operating room (OR). More...
24 Jul 2018

Global Ambulatory Surgical Centers Market to Reach USD 97 Billion by 2024

The global ambulatory surgical centers (ASCs) market is estimated to have been valued at USD 77.1 billion in 2017 and is expected to grow at a CAGR of 3.5% to reach USD 97.3 billion by 2024, driven mainly by the growing number of surgeries performed in ASCs and increasing accidental cases. Some key advantages of using ASCs such as the personal attention received by patients and lack of exposure to a wide range of infections will also aid the market growth over the coming years. More...
19 Jul 2018
Image: The global surgical tables and lights market is projected to surpass USD 1.8 billion by 2026 (Photo courtesy of Trumpf Medical).

Global Surgical Tables and Lights Market to Surpass USD 1.8 Billion by 2026

The global surgical tables and lights market was valued at more than USD 1.30 billion in 2017 and is projected to grow at a CAGR of over 3.0% over 2018 to 2026 to surpass USD 1.80 billion by 2026. The demand for surgical tables and lights during the forecast period is likely to be driven by developing health care infrastructure in the emerging countries and the introduction of technologically-advanced surgical tables and lights by the market players. However, constant evolution in the surgical tables and lights segment, with the introduction of new features and designs has led to high prices of these products, thereby acting as a major restraint to the market growth. More...
12 Jul 2018
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