The pandemic spurred significant investment in healthcare artificial intelligence, with $8.5 billion being raised in 2021 so far, according to a CBInsights report published Nov. 24.
Home diagnostic kits powered by AI, remote monitoring tools used by primary care physicians, and hospital and nursing home trials of new passive monitoring tech have all contributed to the boom in artificial intelligence used in healthcare.
Subsequently, this momentum is reflected in the funding figures for AI this year. Healthcare AI raised a record $6.6 billion in 2020, but this figure was surpassed in 2021, with 366 deals done this year to date. The U.S. led global funding of healthcare AI in the third quarter with $2.1 billion, compared to Asia's $800 million and Europe's $100 million.
These trends may well have a lasting effect on the industry.