Government Initiatives encourage use of Artificial Intelligence (AI)

Posted by Deeksha on November 22nd, 2019

Artificial intelligence supplements healthcare with technologies that make machines more comprehensive and sensible to augment human activity. They assist in various medical procedures and routines that include automated operations, preventive diagnostics and precision surgery. An intelligence report titled, “Artificial Intelligence (AI) in Healthcare Market in India (2018-2023) Revenue, Growth Forecast, Trends, Drivers, Challenges, and Segments(Hospitals, Pharmaceuticals, Diagnostics, Medical Equipment and Supplies, Medical Insurance, Telemedicine)” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

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AI contribution in cancer screening and treatment in Indian health care industry which fuels the growth of AI in healthcare market in India. Early detection and management is a crucial strep for optimum cancer treatment. Digital pathology is a new concept introduced by AI that involves high resolution magnification of glass slides to provide accurate and precise annotation of all the images that are scanned. AI based Radionics aids in tumor phenotypes quantification using various imaging features. These advancements in medical sector boost AI market in India.

AI market is expected to amount   ?431.97Bn by end of year 2021 and is anticipated it grow at growth rate of 40%.

Certifications delay technology adoption

Government initiatives propel AI market. Information technology act 2000 is regarding service provider’s and patients communication and it mandates using latest technology for any exchange of information between them. National eHealth Authority also encourages AI as it is actively involved in expanding Indian health information system. The major government initiative towards AI is in form of United States India Science and Technology Endowment Fund that aids innovators and entrepreneurs of India and US in improving health care quality with help of Artificial intelligence.  

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There are many factors such as absence of AI designing guidelines for healthcare system that inhibits strategic growth of AI applications in Healthcare industry in India. Also, significant delays and hurdles are observed in certification of any AI application, thereby delaying the adoption of AI technology and applications.

Major stake holders profiled in Artificial Intelligence market in India include Aindra Systems Private Limited, Nirmai Health Analytix Private Limited, IBM India Private Limited and Microsoft Corporation (India) Private Limited.

Artificial intelligence in healthcare market in India: Report Synopsis

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Artificial intelligence in healthcare market in India: Research Methodology

Primary sources and secondary sources propel intelligence report on Artificial intelligence in healthcare market in India that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.