AI in Healthcare Could Create a $45.2 Billion Market Opportunity

Artificial intelligence will have a significant impact on healthcare. In fact, according to PM Live, “Our reliance on artificial intelligence is reflected in the technology’s growing dominance in the financial landscape: the global AI in healthcare market size is projected to grow from $4.9bn in 2020 to reach a whopping $45.2bn by 2026.”

In addition, “From machine learning to robotics to wearable sensors used to detect disease, AI is reducing drug dosage errors, streamlining diagnosis, detecting fraud, and providing efficient solutions for some of health care’s greatest challenges,” says The Washington Post.

Along the way, AI may be able to help predict potential medical issues, with wearable technology, for example. It may even help leverage information from health record, and genetic tests. AI can even help streamline the delivery of healthcare, and help provide on-demand learning for doctors and those in training.

As AI becomes far more immersed in healthcare, some of the top companies to keep an eye on include Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF), Nuance Communications Inc. (NASDAQ:NUAN), IBM (NYSE:IBM), Alphabet Inc. (NASDAQ:GOOG), and Microsoft Corp. (NASDAQ:MSFT).

Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF) BREAKING NEWSDatametrex AI Ltd. is pleased to announce that further to its press release dated January 7, 2021, it has entered into a share exchange agreement with Concierge Medical Consultants Inc. and the shareholders of Concierge effective January 19, 2021 to acquire 100% of Concierge’s issued and outstanding securities. Concierge is an arm’s length private telehealth and medical concierge services company incorporated under the laws of British Columbia.

“Health care is on the verge of a revolution, one that will be driven by A.I. technologies. Medical services are already strained by the growing demand for healthcare worldwide. By leveraging A.I. technologies, medical we will be able to provide services more quickly and accurately,” said Marshall Gunter, CEO of Datametrex.

Other related developments from around the markets include:

Nuance Communications Inc. (NASDAQ:NUAN) announced that it will release its first quarter fiscal 2021 results on Monday, February 8, 2021 after the market close. In addition to a press release, Nuance will provide a copy of prepared remarks. The prepared remarks are offered as additional detail and will not be read on the call. The materials will be available at

IBM (NYSE:IBM) announced an agreement to acquire Taos, a leading cloud professional and managed services provider. Today's news further advances IBM's cloud migration and transformation capabilities, an important aspect of its hybrid cloud platform growth strategy.  "Taos adds the deep expertise, public cloud partnerships and innovative solutions needed to drive growth and adoption of IBM's hybrid cloud platform throughout the Americas," said John Granger, Senior Vice President, Cloud Application Innovation and Chief Operating Officer, IBM Global Business Services. "The platform gives enterprises the freedom to choose from multiple providers to best meet their business and IT needs, and we are committed to helping our clients successfully navigate their open hybrid cloud journeys with those providers."

Alphabet Inc. (NASDAQ:GOOG) will hold its quarterly conference call to discuss fourth quarter 2020 financial results on Tuesday, February 2, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call.

Microsoft Corp. (NASDAQ:MSFT) announced that its board of directors declared a quarterly dividend of $0.56 per share. The dividend is payable March 11, 2021, to shareholders of record on Feb. 18, 2021. The ex-dividend date will be Feb. 17, 2021.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Datametrex AI Ltd. by a third party. We own ZERO shares of Datametrex AI Ltd. Please click here for full disclaimer.

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