Artificial Intelligence to Drive Medical Devices Market
Artificial Intelligence enrols the use of advanced machine learning algorithms and fulfils the job, which has been tackled by humans for ages. It has flourished extensively over the past years owing to its versatility in its applications in the industry.
Worldwide, some of the key MedTech companies such as Banyan Biomarkers Inc, Freenome, IDx, Viz.ai, and Ava are utilising AI in diagnostic and therapeutics portfolio.
With the introduction of AI in the healthcare business, the revenue models of medical device organisations are also shifting increasingly, including operating expenditure versus their historical focus solely on capital expenditure. The device is expected to become a game-changer in diabetes and congenital hyperinsulinism disease areas.
Source: Artificial Intelligence to Drive Medical Devices Market