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IoT in Healthcare Market Size to Hit Around USD 960.2 BN by - Vimarsana News

IoT in Healthcare Market Size to Hit Around USD 960.2 BN by

The global internet of things (IoT) in healthcare market size is forecast to hit around USD 960.2 billion by 2030 and it is growing at a compound annual...

FDA issues action plan for regulating AI in medical devices - Vimarsana News

FDA issues action plan for regulating AI in medical devices

Dive Brief: FDA on Tuesday released an action plan for establishing a regulatory approach to the fast-developing field of artificial intelligence and machine learning-based Software as a Medical Device (SaMD). The action plan comes in response to substantial stakeholder feedback, including hundreds of public comments, on an April 2019 discussion paper that proposed a framework for regulating modifications to AI and SaMD. FDA's latest publication on the subject is the next step on a path to draft guidance for a "predetermined change control plan" that would include the types of modifications c...

Medtronic, GE, Philips embrace AI amid regulatory limbo around algorithms - Vimarsana News

Medtronic, GE, Philips embrace AI amid regulatory limbo around algorithms

First published on GE Healthcare, Medtronic and Philips are among the big medtechs investing in artificial intelligence and machine learning, technologies they contend hold potential for better diagnosing, managing and treating a wide variety of diseases and health conditions. While medtechs are only starting out on their AI/ML efforts, they are developing, acquiring and implementing these technological capabilities, betting it will put them ahead of rivals to ultimately drive future growth. "One of our core differentiators is our ability to take cutting-edge technology and apply it to medica...