Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance

Vicarious Surgical Inc. (RBOT): Among The Best Medical AI Companies

We recently compiled a list of the 10 Best Medical AI Companies. In this article, we are going to take a look at where Vicarious Surgical Inc. (NYSE:RBOT) stands against the other medical AI companies.

The Need for AI in Healthcare

Generally, when you hear the term "artificial intelligence," your mind jumps straight to semiconductor and big tech companies that have been making huge profits as a result of the AI boom. However, tech is not the only industry poised to make a big return because of the rise of AI. In fact, the healthcare industry may actually be the one to benefit the most from the AI revolution. The US has been battling a massive shortage of medical professionals for years now, with the American Medical Association reporting in 2022 that by 2034, the US may see shortages of between 17,800 and 48,000 primary care physicians and between 21,000 and 77,100 non-primary-care physicians. These shortages are arising out of strained labor market conditions and lower numbers of graduating doctors and nurses. This inescapable reality has been plaguing the medical field for quite some time now, and AI may be the revolutionary technology that helps alleviate some of the consequences of such shortages.