6 Ai Based Medical Equipment Business Success Stories [2024]

Updated: November 1st, 2023
Start An Ai Based Medical Equipment Business

Artificial intelligence is transforming patient experience, how clinicians practice medicine, and how the pharmaceutical industry operates. Application of AI in medicine includes but is not limited to using machine learning models to search medical data and uncover insights that will help improve health outcomes and patient experiences.

AI has enabled patient self-service to chatbots, computer-aided detection systems for diagnosis, and image data analysis, which helps identify candidate molecules in drug discovery. If you are enthusiastic about applying modern technology to improve healthcare, consider starting an AI-based medical equipment business.

Here are some real life success stories of starting a AI based medical equipment business:

1. AdviNow Medical ($2.4M/year)

James Bates, the CEO and Founder of AdviNOW Medical, came up with the idea for his business after realizing that doctors spend 2/3 of their time on clerical work, leaving less time for patients. He saw the potential for artificial intelligence to automate the front and back office of clinics, allowing doctors to focus on patients and increasing revenue and profitability. With the vision of making healthcare available to everyone through technology, AdviNOW is revolutionizing the industry and seeing significant success with over 1,000 medical locations adopting their automated medical visit system.

How much they make: $2.4M/year
How much did it cost to start: $15M
Current team size: 25


How We Started Our $100K/Month Medical Artificial Intelligence Software Company

AdviNOW Medical uses artificial intelligence to automate clerical work, resulting in doctors being able to focus solely on patients and patients seeing more doctors every day, leading to increased profitability while solving healthcare issues.

James started AdviNow Medical over 7 years ago
James grew the business to $200K/month
It cost James $15000000 to start the business
Read by 8,431 founders

Learn more about starting an AI based medical equipment business:

Where to start?

-> How much does it cost to start an AI based medical equipment business?
-> Pros and cons of an AI based medical equipment business

Need inspiration?

-> Examples of established AI based medical equipment business

Other resources

4. Médecins Sans Frontières (MSF) International

Médecins Sans Frontières (MSF) is an international, independent, medical humanitarian organisation.

Website traffic: 630K/month

5. Hologic

Hologic is a global champion of women’s health, we integrate The Science of Sure into everything we do to help improve and save lives through early detection and proactive treatment.

Website traffic: 140K/month

6. myESR

The ESR serves the healthcare needs of the general public in the field of Radiology.

Website traffic: 180K/month