According to a recent report, healthcare start-ups using
artificial intelligence (AI) raised $864 million in venture capital funding
in the second quarter of 2019 – surpassing previous quarterly
records and highlighting the potential of AI in delivering better
healthcare.
The vitality of the AI-based healthcare market is reflected by
continued patent filing in both the medtech and AI sectors. The
most recent annual report from the European Patent Office
showed there were 13,795 European patent applications relating to
medical technology in 2018, a five per cent increase on the
previous year. Likewise, Marks & Clerk's own research
reveals that the number of AI-related patent applications filed
globally in 2018 was 106,897, up from 58,304 in 2010.
