BSR | The Use of AI in Healthcare 3 The Use of AI in the Healthcare Industry The global market for AI in the healthcare industry reached over US$6 billion in 2021 and is 2 projected to grow to over US$40 billion by 2027. According to the World Health Organization, AI has the potential to strengthen the delivery of healthcare and medicine and help countries achieve universal health coverage. AI can be deployed across various sectors, including health or clinical care, research and drug development, public health surveillance and monitoring, and health systems management. AI technologies are being utilized across the healthcare industry for various use cases and applications. In health and clinical care, we have observed the following use cases: • Diagnosis: AI technologies are being developed and deployed for diagnostic purposes and disease detection through radiology, medical imaging, and other tools. AI is being used for initial disease diagnosis, to support medical professionals in making prompt and accurate 3 diagnosis, and to predict illness or disease before they occur. Traditional 660.9 361.5 Advanced AI AI and analytics • Patient management: AI technologies are being used by hospitals, clinics, and healthcare professionals to manage patient records, identify and prevent clinical errors, monitor patient treatment, medication and care plans, and support treatment decisions and self- management by patients. • Personalized medication and care: AI technologies are being adapted to provide personalized medical care and wellness services, including diagnosis of medical conditions, patient health management to prevent the occurrence or progression of disease, and medication dosage.