Posts Tagged ‘medical advancements’
Surge in FDA-Approved AI Medical Devices Signals a New Era in Healthcare Innovation
The number of FDA-authorized medical devices using artificial intelligence (AI) has surged over the past decade, reaching 950 as of August 7, 2024. While the first AI-enabled device was approved in 1995, growth has accelerated since 2015, driven by advances in connectivity, increased investment, and a better understanding of software regulation in healthcare. In 2023…
Read MoreImpact of New Executive Orders on FDA’s Medical Device and AI Regulations
Recently, the new administration released executive orders signed by US President Donald Trump that may impact the FDA’s oversight of medical devices and digital health products. Key points include: Regulatory Freeze: A new executive order halts the FDA from issuing or proposing new rules until reviewed and approved by an appointed agency head. This could…
Read MoreTech For Good: The Future of Healthcare is Digital
The healthcare industry is rapidly evolving with the integration of innovative technologies such as connected devices, wearables, surgical robots, and smart bandages. These advancements are driving the medical device market towards a projected value of USD 94.2 billion by 2026, aiming to improve care quality, efficiency, and accessibility. A major focus is on shifting toward…
Read MoreFinance leaders weigh healthcare AI investments against returns
Finance leaders weigh AI healthcare investments against returns In 2024, 15% of providers and 25% of payers indicate they have a defined AI healthcare strategy. U.S. healthcare providers and payers have significantly increased their IT spending, focusing on AI, cybersecurity, and IT infrastructure. AI Adoption in Healthcare: AI adoption is progressing, with 15% of providers…
Read MoreMedical Device Breakthroughs: Revolutionizing Healthcare in 2024
In the fast-paced world of medical technology, breakthroughs are not just milestones but leap toward better patient care, enhanced treatment options, and improved outcomes. As we reflect on the first half of 2024, several remarkable advancements in medical devices have captured the attention of healthcare professionals and patients alike. Miniature Implantable Sensors Imagine a sensor…
Read More