London: in the Union Budget 2023-24The Indian government announced the establishment of three artificial intelligence (AI) Centers of Excellence (CoE) as part of the ‘Create AI for India‘ and the ‘Making AI Work for India’ initiatives. This is likely to bring about a new era of breakthrough in patient care by powering a new generation of systems that give clinicians smart tools and devices when delivering care, he says global data.
The medical device industry in India is expanding and innovating, with researchers and manufacturers trying to integrate precision with automation. This new spring of AI is anticipated to have an unprecedented impact on the medical device industry, changing the face of healthcare. In this context, GlobalData research reveals that India medical devices The market is projected to grow at a rate compound annual growth rate of more than 5 percent until 2030.
Shreya Jain, Medical Device Analyst, GlobalData, comments: “AI is being widely deployed throughout the healthcare value chain, from managing chronic diseases like diabetes to intelligent documentation in the form of electronic health records. , to AI-assisted surgeries with surgical robots. These applications are now moving from being present as an idea in a controlled test environment to becoming full production systems.”
AI-based medical devices are here to stay with a plethora of applications including medical images complex diseases such as cancer and patient monitoring with portable smart devices.
Jain concludes: “Despite facing ethical and legal challenges, AI-powered medical devices have the potential to transform the healthcare industry by helping medical professionals diagnose and treat accurately and effectively, as well as improve overall care.” from the patients”.
