Impact of Artificial Intelligence on Global Healthcare Sector Performance

Impact of Artificial Intelligence on Global Healthcare Sector Performance

연구 분야: Artificial Intelligence

학회: 2024 International Conference on Power, Energy, Control and Transmission Systems (ICPECTS)

Artificial intelligence (AI) has the potential to revolutionize many aspects of healthcare, including diagnosis, treatment planning, medicine discovery, and healthcare management. This research examines the current applications, benefits, and drawbacks of artificial intelligence (AI) in healthcare on a global scale. Artificial intelligence has considerably enhanced personalized treatment recommendations, hospital management, and diagnostic precision, particularly in the fields of radiology and pathology. Artificial intelligence (AI) is reducing the time and money required to bring new treatments to market by speeding up the search for innovative medicines and enhancing the accuracy of efficacy estimates. The use of AI in healthcare still faces challenges, despite these advancements. The integration of AI into current systems, the protection of user data, and the prevention of algorithmic bias are all significant concerns. Clinical decision-making with AI presents serious ethical concerns, particularly for patients' rights to make their own decisions and for the doctor-patient relationship as a whole. The disparities in AI adoption throughout the world highlight the need for developed and poor nations to work together to provide equitable access to AI. This study investigates the profound influence of artificial intelligence (AI) on the healthcare sector, emphasizing its market expansion, revenue growth, and applications across various medical disciplines. The AI healthcare market is expected to grow from 19.27 billion in 2023 to 613.81 billion by 2034, reflecting a significant annual increase driven by technological advancements and rising demand for high-quality care. The compound annual growth rate (CAGR) of 40.2% projected from 2022 to 2029 illustrates the rapid adoption of AI technologies. Generative AI revenue in healthcare is projected to rise from 1.07 million in 2022 to 21.74 million by 2032, highlighting its expanding role in enhancing medical services.... Show More