Robotics & AI Make Inroads In HealthCare: Stocks To Benefit
Zacks Investment Research | Mar 09, 2020 10:29PM ET
Artificial Intelligence (AI) has become a significant part of everyday life, from online shopping to digital assistance like Siri and Alexa to diagnosis of life-threatening diseases. Harry Shum, the former vice-president of AI and research at Microsoft (NASDAQ:MSFT) believes that "AI is already making decisions we don't understand.”
In fact, with the help of AI and robotics, heath care providers can save more lives and stop diseases that are currently undiagnosable or incurable. For instance, this combination can offer surgeons an artificial vision showing them real-time blood flow, enabling them to avoid tissue damage during surgeries.
Medical Robotics and Computer-Assisted Surgery
Robot-assisted surgery is not a new term and has been around for decades. But what brings this market back into the limelight is the recent developments in AI and sensing technologies. Given the way things are progressing, someday a surgeon will not even be present in the operation theater during a procedure and robotic-assisted surgical devices will do their job.
Though the amalgamation of medical science, AI and robotics looks like a concept straight out of science fiction movies, scientists are closely working on ways by which the potential of AI, global connectivity and technological advancements could make robotic surgery more accurate and accessible.
At present, robot-assisted surgeries only make up about 2% of all procedures and traditional minimally invasive surgeries account for 30% to 35%. Medtronic plc (NYSE:MDT) estimates that the market for robotic-assisted surgery is $4 billion, which is already half the size of traditional minimally invasive surgery market.
Additionally, the Zacks Investment Research
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