Category Forecast
The healthcare AI and emerging technologies market is expected to grow at a CAGR of 20.2% from 2022 to 2027.
Regulations (as of May 2023)
Regulated by the FDA, HIPAA, and CMS, AI raises concerns around data privacy, accuracy, etc., requiring evaluation.
Common Procurement Hurdles
In this category, issues include not having enough high-quality data to train AI models and not having the right expertise.
Contracting Tips
Before formalizing, address data security, deliverables, KPIs, scalability, technical support, and user guidelines.
* trade.gov/artificial-intelligence; Uppercentile LLC
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