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Taiwan's AI Medical Application Opportunities Lie in Leveraging Massive Data

Published: Dec 13,2018

The worldwide AI medical market is estimated to reach US$10 billion in 2024 with a CAGR (Compound Annual Growth Rate) of 34% between 2017 and 2024, according to the Taipei-based government-backed IT research institute MIC (Market Intelligence & Consulting Institute).

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"This indicates a rapid growth of AI in the smart medical market," says ShihZong Huang, industry analyst with MIC.

"As a leading country in the global medical industry, Taiwan not only has a complete medical system but also a cluster of physicians with ability to provide the highest level and quality of medical care services and has set a benchmark in medical digital transformation worldwide."

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