Will AI Medical Advance only be Affordable by the Rich

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The use of artificial intelligence (AI) in healthcare is expected to revolutionize the industry by streamlining diagnoses, improving clinical outcomes, and automating administrative tasks [1] [2]. However, there are concerns that AI medical advances may only be affordable by the rich, which could widen the gap between rich and poor countries [3].

The opportunities and potential sources of growth that advanced economies like the United States and China enjoyed during their early stages of economic development are remarkably different from what less developed economies like Cambodia and Tanzania are facing today [3]. New technology risks shifting more investment to advanced economies where automation is already established, which could have negative consequences for jobs in developing countries by threatening to replace rather than complement their growing labor force [3].

It is important to note that the availability of AI medical advances to the average, mainstream users is crucial for these solutions to revolutionize medicine and healthcare [4]. As the technology behind these systems progresses, AI will soon be as much a part of our healthcare experience as doctors, nurses, waiting rooms, and pharmacies [2]. Forbes reports that AI is poised to revolutionize procedures and tasks across industries, including healthcare, and that AI in healthcare is projected to grow at an annualized 48% between 2017 and 2023 [1] [5].

 

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1. Use of AI in healthcare & medicine is booming – here’s how the medical field is benefiting from AI in 2023 and beyond – Insider Intelligence
AI can improve healthcare by streamlining diagnoses and improve clinical outcomes. A critical part AI’s power in the healthcare industry is its …
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By virtue of their medical training, doctors have a wealth of knowledge … to humans for final approval, new advances in AI will be needed.
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Our recent staff research finds that new technology risks widening the gap between rich and poor countries by shifting more investment to …
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However, these solutions will only revolutionize medicine and healthcare if they are available to the average, mainstream users – and not only to the richest …
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Technology experts are clear: Artificial intelligence is poised to revolutionize procedures and tasks across industries—and healthcare is no …

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