Source: Grand View Research
According to a report by Grand View Research, the global market for AI in healthcare was worth about $22.45 billion in 2023. It’s expected to grow by over 36% every year from 2024 to 2030.
Certain factors are driving the need for AI expansion in healthcare, and could be behind this explosive growth, like:
- Personalized medicine (and drug discovery)
- Lowering costs
- Digital Health information
On top of this, AI and machine learning will continue to be used more and more to diagnose illnesses and predict diseases early based on past health data.
