The Healthcare industry has witnessed a massive transformation with the advent of Artificial Intelligence. The advancement in this sector has grown potentially. With the assistance of artificial intelligence, the accuracy and productivity along with the success rate of procedures have grown potentially! The major areas which are being developed rapidly with artificial intelligence include diagnosis, surgeries, overall patient experience, finances, and also suggest accurate treatments. The next five years starting from 2022 till 2027 are expected to witness exponential growth! The growth from now till the end of 2027 is expected to grow from USD 6.9 billion to a massive USD 67.4 billion. This growth is expected to grow at a compound annual growth rate (CAGR) of 46.2%.
Dementia is a disease that is affecting people across the globe. As of now, more than 55 million people have been diagnosed with Dementia globally. If we understand the breakdown of this population, more than 60% of this number is of people belonging to lower middle-class income nations. The life expectancy rate is on a rise globally. As a result of this, Dementia is affecting older people as well. This growth is expected to witness a spike in cases from the year 2030 to 2050. According to the WHO (World Health Organization) reports, The cases will increase to 78 million by the year 2030 and by the end of 2050 the number of patients will be a massive total of 139 million.
Now the real question arises is whether Artificial Intelligence can improve the situation. Sadly, as of now, there is no proper cure for Dementia. However, studies have shown that if the disease is diagnosed in its early stage, the condition can be managed before getting worse. For any illness to be treated properly, it is extremely essential to get an early diagnosis. Dementia is a disease that needs to be accurately confirmed through early diagnosis as there are cases where only a small percentage of patients suffering from cognitive impairments develop dementia. Hence, in order to get proper treatment, it is important that the healthcare sector is equipped with accurate tools and dynamic technology which can efficiently and effectively assist the doctors to start with the required treatment and help in delaying the symptoms of dementia. Tools including CAIDE( Cardiovascular Risk Factors, Aging, and Incidence of Dementia) risk score as well as BDSI( brief Dementia Screening Indicator) have been in use in order to get an accurate probability of the long and midterm chance of getting diagnosed with dementia.
With the aim of catering to this demand and urgency, developers across the globe had developed several methods with the assistance of Artificial Intelligence which was capable of predicting the early stage of dementia which is known as Alzheimer’s. These methods were efficient and were able to predict the symptoms five years in advance. Even though these methods were introduced in the healthcare industry, still there was no proper measure that could diagnose accurately a patient’s illness and whether they are bound to suffer from dementia after MCI.
The Game-changing developments for the diagnosis of dementia
With the constant innovation in this area of research and development, developers have finally got a new breakthrough! A new model has been innovated which is actually a fully functional and accurate novel machine-learning algorithm. This system is equipped with features that can work perfectly as a mechanism for diagnostics in order to find the possible risk of dementia getting developed in a patient. Well, with more accurate and efficient algorithms, this new model is undoubtedly more dynamic and promising when comparing it with previous models. This new model is enabled with advanced algorithms and of which it can accurately predict the risk of dementia much faster than the previous models. The model claims to predict it in the initial 2 years of the diagnosis. Contrary to what the previous models were offering, this new model comes with a whopping accuracy of 92% which can be considered a really promising claim for the healthcare industry!
This model was successfully achieved after constant study of data provided by memory clinics from across the US. This study was actually a breakthrough for the model as it successfully predicted that the patients diagnosed will end up developing dementia. The prediction came out to be 90% accurate in the cases. This model was so efficient that it was even able to identify the patients who were provided the wrong treatment in the early time of the treatment. In this case, as well, the study had an impressive accuracy rate of 80%.
In order to make artificial intelligence models super efficient, the parameters on which they are tested are always kept on a larger scale so that the models are capable of providing accurate predictions. However, in this model, the parameters used were merely 6 which gave the desired result. On the basis of these parameters, the results had a remarkable accuracy rate of 91%.
The Bright and promising future of Artificial Intelligence in Healthcare
Well, we all have understood how machine learning models are revolutionizing the healthcare sector and especially in diagnostics and early treatment of severe illnesses like dementia. With the advent of artificial intelligence in the healthcare industry, the treatment, as well as the overall patient experience, is upscaling on a truly dynamic scale! Now doctors with the assistance of artificial intelligence will be able to advise their patients in a much better way and help in delaying dementia in the patients by suggesting necessary changes and medicines. Along with this, these models will be able to help the patients in managing stress and anxiety in the cases of false diagnosis and wrong treatments during the early stages.
This particular sector has witnessed dynamic research and development from many tech giants as well as developers. However, in spite of this, the success rate of these models has been low.
Still, we have to understand the fact that artificial intelligence is the future and now almost every sector is implementing this technology in their operations which will undoubtedly revolutionize every sector!
Author- Toshank Bhardwaj, AI Content Creator
