Investing in Artificial Intelligence and Digital Health-What Radiology Innovators Need to Know.

Abstract

Expected to grow at a 5.5% compound annual growth rate and reach a market of $34.6 billion by 2028, the diagnostic radiology market is an innovation powerhouse, in significant part due to artificial intelligence and digital products. Many radiologists, researchers, technologists, and leaders possess the skills to develop cutting-edge innovations to improve patient care. However, invariably funding is needed to bring these innovations to fruition. Here we describe, from the vantage point of a practicing venture partner, the key considerations, criteria, and frameworks used when making decisions of what, when, and who to invest funding in. We also describe the current funding climate for these innovations.