Healthcare facilities are currently experiencing staff shortages, coupled with an increase in patient numbers, necessitating the need for innovative artificial intelligence (AI)-driven solutions.
Companies like Vitalacy, Current Health, and Care.ai are using artificial intelligence (AI), sensor technology, and real-time monitoring to improve patient safety and make hospitals more efficient.
According to GlobalData, these AI-driven healthcare innovations will continue to grow in popularity as they help healthcare providers deal with workforce challenges and improve patient outcomes.
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GlobalData's latest report, ‘AI in Healthcare: A Strategic Imperative to Enhance Efficiency and Patient Care,’ found that around 30% of global data comes from hospitals, however, 90% of it goes unused. The report also revealed that the reliance on AI-powered solutions to tackle important healthcare issues such as preventing falls, patient elopement, and staff burnout, is increasing.
Vitalacy's new AI-powered Virtual Care system is reducing fall risks and easing caregivers’ workload by utilizing advanced AI, stereo cameras, and real-time monitoring, consequently enhancing patient safety.
Kamilla Kan, a Senior Data Scientist at GlobalData SKU Team, stated, “Vitalacy's Virtual Care platform combines AI learning with stereo camera depth perception to reduce false alerts and allow for timely interventions. This innovative approach improves accuracy and is a game-changer for patient monitoring.”
GlobalData predicts that the remote patient monitoring (RPM) market will grow to USD 760 million by 2030, up from the USD 548.9 million recorded in 2020, demonstrating a compound annual growth rate (CAGR) of 3.3% over the period.
Kan concluded, “As AI continues to transform healthcare, virtual care solutions from companies like Vitalacy, Care.ai, and Current Health are setting new benchmarks for efficiency, safety, and patient-centered care. These advancements show a broader industry shift towards automation and real-time intervention capabilities.”
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