How would AI change the healthcare industry?

Healthcare will be getting a major makeover soon with the help of Artificial Intelligence! From figuring out new medicines to taking care of patients. Traditionally, big pharma companies are the leaders in healthcare. But wait a minute, things got interesting when Slate analyzed the recent patents of this industry! 

AI is changing the game with new entrants.

Mature segment and Collaboration: Is this a curious mix?

This industry is constantly innovating, yet it finds itself in a stage of maturity when it comes to technology adoption. Interestingly, collaboration in the AI segment within this industry is not a strong suit. Companies like KPN Innovations, IBM, Siemens, and Philips lead the pack in AI-related patents, showcasing their commitment to this field.

The Toyota Anomaly: A Sign of Things to Come?

Here’s where things get interesting. In 2020, Toyota, a company seemingly far removed from the medical field, filed 20+ patents of AI-related healthcare patents. This unexpected activity hints at a potential shift.  Is Toyota developing specialized AI for its own use cases, perhaps in autonomous vehicles with healthcare applications? Or are they positioning themselves for future collaborations or acquisitions within the healthcare space?

Would the dominance in healthcare change in the coming years?

While pharmaceutical giants have traditionally dominated this industry, various new companies have emerged as top filers of AI-related patents. Companies like Paige.ai and Rom Tech are not only working to improve healthcare infrastructure but also enhancing logistics within the sector. Intriguingly, KPN Innovations LLC, a relatively new entrant in this domain, has become the top filer in recent years.

For a detailed view of what is happening when healthcare is powered with AI, visit here. It’s an analysis of what these companies are doing in 2024.

Slate’s auto-categorization has segregated these patents into broad angles. As this industry continues to evolve, the traditional dominance of pharmaceutical tech giants is facing a potential disruption in AI-powered healthcare. It’s definite that the future of healthcare with AI is definitely not just for the big drug companies anymore!

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