The AI in healthcare was introduced back in the 1960s with simple CAD systems for chest X-Ray and mammography applications. In recent years, AI-based systems have shown a stronghold on major technological advancement in the healthcare ecosystem, evolving around patient-centric and value-based care models. According to one of the key vendors of medical imaging Koninklijke Philips N.V., nearly 60% of its research and development activities are dedicated to software, and a large part of these research are on AI.

According to John McCarthy, a professor at the Computer Science Department of Stanford University, AI is defined as “the science and engineering of making intelligent machines, especially intelligent computer programs. It is related to the similar task of using computers to understand human intelligence, but AI does not have to confine itself to methods that are biologically observable”.

The development and usage of energy-based aesthetic devices for medical and cosmetic procedures has increased exponentially over the past years. The report covers the aesthetic lasers and energy devices used for the rejuvenation of hair and skin. However, the report does not include services for these devices. The aesthetic lasers and energy devices market is segmented on the basis of technology, product, application, end users, and region.

The global advanced dermatology drug delivery devices market is driven by factors such as the global efforts in increasing the adoption of connected devices, increasing number of business synergies with pharmaceutical companies, novel technologies in drug delivery, and the growing focus on prescription/medication adherence. Manufacturers are more focused on producing devices that offer enhanced patient experience through real-time monitoring and data sharing. The succeeding figure indicates the impact analysis for the different market growth promoting and restraining factors during the forecast period 2021-2030.

Amid the tragic consequences of COVID-19, life sciences and medtech companies emerged as lights in the darkness. Decades of scientific work and investment seemed to be overnight successes. The heroic dedication of health care providers was met by the fastest novel vaccine development in history. Traditional competitors partnered to accelerate research and manufacturing. When one company failed, it joined the other to accelerate the development and manufacture of a successful vaccine. Governments, retail pharmacies, health systems, payers, and nonprofits are working together to provide widespread distribution and administration.

The landscape of hematological malignancies emerging therapeutics is massively growing, with many emerging and legacy companies venturing into the industry with their respective therapeutic portfolio exclusively developed and designed for the targeted treatment of hematological malignancies such as leukemia, lymphoma, and multiple myeloma. In the era of precision medicine, the introduction of monoclonal antibody- and CAR-T cell-based therapies have garnered a new hope in the oncology community, owing to their ability to induce effective response for the treatment of hematological malignancies. Hematological malignancies are very complex to treat due to their varying pathological and immunological characteristics, which makes it evident to use a more precise and targeted approach for its clinical management. The current scenario of the clinical development of emerging therapeutics in the hematological malignancy ecosystem is well sprung, as so many pharmaceutical giants and small-scale biotechnology companies are lined up to get their therapies in the market.

Virtual reality technology is widely applied in rehabilitation therapy and is termed virtual rehabilitation. VR is a computer-based intervention providing patients with a virtual interactive and applicable treatment setting for skills practice with real-time feedback. Virtual rehabilitation can be used both at home. Most virtual rehabilitation systems developed require motor training which includes complex and expensive hardware and can be used only under professional guidance, such as in hospitals, rehab centers, and clinical settings. Many low-cost rehabilitation gaming systems have been developed for patients with movement disorders. These systems are for home use and require remote supervision of a therapist. The home-use virtual rehabilitation systems promote physical rehabilitation at home and reduce frequent hospital visits, which have reduced healthcare costs.

With the increase in awareness regarding the harmful effects posed by synthetic chemicals, consumers are now abstaining from using chemical-infused products. In many instances, it has been found that toxic chemicals are being used in low-quality products, hence causing life-threatening problems in some cases. This led to an increase in awareness among consumers across the globe, resulting in an increase in the demand for natural products. The organic and bio-based beauty boom is part of the recent shift in consumer awareness about wellness, health, and the environment. Moreover, due to a growing number of social media influencers and beauty blogs, awareness, and availability of information regarding toxin-free ingredients have significantly risen.

An exoskeleton (or "exoskeleton") is a wearable system that can help a human wearer perform a variety of tasks. The exoskeleton supports normal daily tasks such as walking, carrying objects, going up and down stairs, and general movement when a person's physical fitness is impaired. To date, exoskeleton studies have primarily enabled mobility aids for patients with SCI and medical applications such as rehabilitation for patients with severe trauma, as well as allowing soldiers to march at high speeds and approach heavy equipment.

Teleradiology is one of the oldest models of patient consultation, where radiologists use teleradiology to simplify geographical challenges. Many small hospitals that lack adequate facilities to maintain radiology department 24/7 depend on teleradiology which helps provide high-quality interpretations around the clock. End-users of teleradiology services include hospitals, radiology groups, referring physicians, and patients.