Care
Julia Strandberg, executive vice president and chief business leader of connected care at Royal Philips, told MobiHealthNews she anticipates continued mergers, partnerships and AI innovation in 2025.
The company had struggled to keep the business profitable.
The QRNT ring wearable includes health-tracking features and an app with no subscription costs.
Some leaders say AI will improve a massively inefficient, overpriced and difficult-to-access healthcare system, while others anticipate AI’s potential for earlier, more accurate diagnosis.
The global data, analytics and AI company will use the Series J funds to invest in new AI products, complete acquisitions and expand its international go-to-market operations.
AI will transform healthcare with advances in multimodal technology, diagnostic imaging and automation, but its success depends on trust and seamless integration into workflows.
Some 140 prescription digital therapeutics have been cleared for patient use at home, and more than 220 therapies are used in digital care or clinics, according to an IQVIA report.
A paper published in the Journal of Medical Extended Reality outlines how AI, generative virtual reality and multilingual voice cloning may help pain management.
The aim of the investment is to allow Royal Health to enhance its technology offerings and increase market expansion.
Requests are being taken for multiple awards backing space-based tissue and mechanobiology.