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According to Statista, in 2012, the market for artificial intelligence (AI) in healthcare was valued at about US$11 billion worldwide.
The annual growth rate for the AI market for healthcare will be comprised of 37% from 2022 to 2030.
According to Statista, The global market for artificial intelligence in the medical sector will be valued at almost US$188 billion by 2030.
One of the largest public companies in Vietnam, VinBrain is the creator of DrAid, the only healthcare AI software for automated X-ray diagnosis in Southeast Asia, to be implemented in more than 100 hospitals in Vietnam, Myanmar, New Zealand and United States.
“Multimodal data is critical to delivering precision care that improves patient outcomes,” said Steven Truong, CEO of VinBrain. “Our medical imaging models, for example, can analyze chest X-rays and make automated observations on abnormal findings in a patient’s heart, lungs, and bones.”
Truong explained that if a medical imaging AI model reports that a patient’s scan shows lung consolidation, doctors could combine the X-ray analysis with a large language model that reads medical records to learn that the patient has fever, which would help clinicians more quickly determine a more specific diagnosis of pneumonia.
VinBrain, creator of DrAid, one of the first FDA-cleared healthcare AI platforms is used to detect features suggestive of collapsed lung on chest X-rays. DrAid’s AI has been trained on a dataset of more than 2.5 million images that is deployed in more than 100 hospitals in Vietnam, Myanmar, New Zealand, and the United States.
The software applies AI analysis to the medical images of more than 120,000 patients a month. Notably, VinBrain is also developing other AI applications, such as a telehealth product that analyzes lab test results, medical reports, and other electronic health records.
What is VinBrain?
VinBrain, a Vietnam-based healthcare tech startup, which is pushing to enable AI diagnostics to have a similarly comprehensive view of vital signs, blood tests, medical imaging and other data.
According to information from its official site, VinBrain is the leading healthcare AI (Artificial Intelligence) products company, funded by Vingroup, the largest conglomerate by market capitalization in Vietnam. Its mission is to spread AI and IoT (Internet of Things) to improve people’s lives and productivity.
They believe that by solving unique and challenging problems at the intersection of medical Big Data, AI, IoT, and IoP (Internet of People), they can improve outcomes for patients around the world.
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