Radiology Business October 17, 2023
The number of Food and Drug Administration-cleared artificial intelligence tools in imaging is expected to skyrocket by 2035, with venture capital funding set to surpass $30 billion, according to new research.
During the past seven years, the availability of such products has continued to expand in radiological care, with medical imaging accounting for 85% of digital health’s VC funding. Researchers sought to predict the trajectory of this growth pattern utilizing data from the American College of Radiology Data Science Institute (spanning 2008 to 2022) and Rock Health for AI funding (2013 to 2022).
Currently, there are roughly 11.33 new AI products for every $1 billion in invested, assuming a six-year lag between funding and product approval. In 2022 alone, the...
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