TM Capital is pleased to release our Healthcare Report on “The Next Generation of Medicine: Artificial Intelligence and Machine Learning.” This extensive report demonstrates that artificial intelligence (“AI”) applications ─ powered by advances in machine learning (“ML”), an influx of big data and leaps in computing power ─ are positioned to transform major healthcare sectors.
We review the key role that AI and ML are expected to play in enhancing patient care and accelerating innovative treatments, with the healthcare AI market expected to grow dramatically from its current modest scale to over $10 billion by 2024. AI and ML applications are focused on five key areas of healthcare: Intelligent Diagnostics, Patient Provider Data Management, Drug Discovery, Medical Devices & Robotics, and Home Health.
The report explores the acceleration of M&A and financing activity in healthcare AI in recent years. Consolidation is fueled by a fragmented landscape comprised of diversified healthcare corporations seeking AI capabilities, technology giants exploring AI applications across multiple sectors, and a growing range of AI-focused startups.
TM Capital has completed over 80 healthcare transactions valued at more than $4 billion, including a recent growth equity financing for Analytics 4 Life, which is developing AI-driven cardiac imaging technology intended to revolutionize the diagnosis of coronary artery disease.
Click below to view the full report.