By Rosemarie Szostak, Ph.D.
Originally published November 13, 2018
As creepy as Hal was in “2001: A Space Odyssey” to the cuteness of Pixar’s “Wall-E”, the science fiction community has both unsettled and entertained generations of readers and movie goers. A machine that can perform tasks that normally require the skills of a human being defines the field of Artificial Intelligence (AI) and it is transforming the Medical device industry. Investors are pouring money into start-ups in the AI med devices sector at higher rates than the other industries exploiting AI. Since 2013, this segment has raised $4.3B USD in start-up funding.
The holy grail of AI in healthcare is in improving patient outcomes and reducing healthcare costs. The key in medical devices is the development of both diagnostic and treatment tools. However, the primary stumbling block for AI in medical devices has been the FDA. But the regulatory dam finally broke this year.
Read the article here.
Get Our Free Article
Simply fill in the form below, verify your email address
and you’ll be sent a link to download our free article.
Related Posts
- The Costs of Regulatory Noncompliance in the Medical Device Industry: Is it Worth the Gamble?56By Donna Mitchell-Magaldi, Nerac Analyst, The global medical device market was valued at $350 billion dollars in 2012 (Mddonline.com, 2012). The US market was valued at $127 Billion dollars in 2013 making it the largest medical device market in the world (Prweb.com, 2013). However, millions of dollars are lost every year due to regulatory noncompliance issues…
- Notified Body Audit Trends: Be in the Know!55By Donna Mitchell-Magaldi, Nerac Analyst Originally Published: February 10, 2015 It is no surprise to anyone in the medical device industry that the European Commission is working on a new regulatory framework that will in essence take the three existing directives: Directive 90/385/EEC regarding active implantable medical devices, Directive 93/42/42 regarding medical devices, and Directive…
- The Regulatory Environment for 3D Printing in the Healthcare Field54By Erica Kramer, Ph.D., Nerac Analyst, Originally Published: January 19, 2017 The global 3D printing healthcare market is projected to grow to $2.3B by 2020, with medical and surgical centers expected to be the dominant end user segment. External wearable devices are expected to account for the largest market segment as a result of an…
The post From Hal to Wall-E: Artificial Intelligence is transforming the medical device industry appeared first on Nerac.
This post first appeared on Nerac Insights And Publications - Nerac, please read the originial post: here
