USA News Group News Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, Aug. 26, 2025 /PRNewswire/ -- USA News Group News Commentary - The healthcare AI buying spree has reached fever pitch as Microsoft, Google, and IQVIA dominate a market surging to $16.01 billion by 2030 with natural language processing tools growing at 25.3% annually. AI-enabled startups captured a stunning 62% of all digital health venture funding in the first half of 2025, pocketing $3.95 billion as institutional investors rush to capitalize on the shift from speculation to strategic healthcare transformation. This unprecedented momentum positions companies like Avant Technologies, Inc. (OTCQB: AVAI), Butterfly Network, Inc. (NYSE: BFLY), CareCloud, Inc. (NASDAQ: CCLD, CCLDO), Spectral AI, Inc. (NASDAQ: MDAI), and RadNet, Inc. (NASDAQ: RDNT).
MarketsandMarkets projects the global AI healthcare market will explode from $21.66 billion this year to $110.61 billion by 2030 at a blistering 38.6% compound annual growth rate, driven by healthcare organizations desperately seeking solutions to worker shortages affecting 11 million positions by decade's end. Supply-demand dynamics are creating perfect storm conditions as 4.5 billion people globally lack access to essential healthcare services while an 11 million healthcare worker shortage looms by 2030, forcing healthcare systems to embrace AI-powered solutions for survival.
Avant Technologies, Inc. (OTCQB: AVAI) and joint venture partner Ainnova Tech have substantially accelerated their FDA approval pathway for Vision AI by implementing an enhanced patient recruitment strategy targeting approximately 1,000 multiethnic patients across 8-10 U.S. clinical sites for their AI-powered diagnostic tool that can detect diabetic retinopathy in minutes without requiring an eye specialist on-site. This recruitment initiative leverages Fortrea, a globally recognized contract research organization with specialized ophthalmology expertise, to capture patient data primarily from community clinics and primary care facilities. Such an approach generates real-world evidence that regulatory agencies increasingly value while simultaneously validating commercial viability in diverse healthcare settings.
The regulatory foundation appears increasingly solid following Ainnova's mid-July pre-submission meeting with the FDA, where agency officials provided specific guidance on study design and compliance requirements. The refined clinical trial protocol addressing all FDA feedback has been submitted to Fortrea for final review, establishing a clear regulatory pathway toward FDA 510(k) clearance for domestic market entry.
"By focusing on community clinics and targeting a multiethnic group of around 1,000 diabetic patients, we aim to ensure that our study accurately represents the diverse population affected by diabetic retinopathy," explained Vinicio Vargas, CEO at Ainnova and Board member of Ai-nova Acquisition Corp. (AAC). "Working with Fortrea, an expert CRO in ophthalmology, allows us to confidently navigate this process with a partner that shares our commitment to quality and efficiency. We are getting closer to initiating a clinical study that will significantly contribute to obtaining FDA 510(k) approval and making our Vision AI platform a crucial tool in early disease detection."
Commercial traction is already demonstrable across international markets. Vargas recently presented breakthrough results from a Q4 2024 pilot collaboration with Roche and Salud 360 at Roche's "Macular Spectacular" conference in Colombia, showcasing expansion potential across the U.S., Canada, and Europe.
The technology has already gone live through Grupo Dökka's Fischel and La Bomba pharmacy chains, delivering walk-in screenings with real-time AI results while eliminating onsite ophthalmologist requirements.
This proven pharmacy deployment model is attracting significant interest from insurers and life sciences partners who recognize Vision AI's potential to transform preventive care delivery economics. The platform addresses critical healthcare access gaps while creating sustainable revenue streams for retail healthcare providers.
The market opportunity appears substantial. Diabetic retinopathy affects 9.6 million Americans within a US$3.25 billion U.S. market that analysts project will nearly double to US$6.1 billion by 2033. Avant maintains worldwide licensing rights to Ainnova's platform through AAC, positioning successful U.S. market entry as a potentially transformative commercial catalyst.
Vision AI's success could establish Ainnova as a leader in AI-powered disease detection. The company's expanding development roadmap includes cloud-connected retinal cameras for rural healthcare settings and innovative modules targeting Alzheimer's, cardiovascular conditions, and other chronic diseases through advanced retinal and blood biomarker analysis.
Avant continues evaluating a strategic acquisition of Ainnova Tech under a previously announced non-binding LOI, which could consolidate breakthrough AI healthcare technologies and proven leadership within a single public entity. Management has also indicated plans for a dedicated therapeutic-focused spinout, creating multiple potential value creation pathways within the expanding AI-driven healthcare transformation.
CONTINUED… Read this and more news for Avant Technologies Inc. https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
Butterfly Network, Inc. (NYSE: BFLY) has joined the CAD LUS4TB research study to evaluate AI-assisted point-of-care ultrasound for tuberculosis detection in Sub-Saharan Africa, where 2.5 million people fell ill with TB in 2022. The company's handheld ultrasound technology will be deployed across 3,000 adult patients starting in September through a €10 million EU-funded initiative with 10 research institutions. Butterfly Network leads the consortium's effort to democratize diagnostic imaging access in underserved regions through its Ultrasound-on-Chip technology.
"Butterfly is proud to continue improving global health equity through our role in this project," said Dr. Sachita Shah, VP of Global Health of Butterfly Network. "Patients in lower-resource settings need easier access to diagnostic imaging to detect and treat deadly diseases such as TB before it claims more lives."
The company continues expanding its Global Health Program across 115 countries while developing AI algorithms for early disease detection. Butterfly Network's portable hardware platform positions the company to deploy innovative diagnostic solutions addressing critical global health challenges in underserved markets.
CareCloud, Inc. (NASDAQ: CCLD, CCLDO) completed its transformational acquisition of Medsphere Systems Corporation, extending the company's reach into inpatient EHR and revenue cycle management for small and mid-sized hospitals nationwide. The transaction brings Medsphere's 600+ clients across 50 states and 23-year legacy of enterprise solutions to CareCloud's platform, including CareVue integrated inpatient EHR and RCM Cloud revenue cycle management. CareCloud now serves over 40,000 providers with comprehensive solutions spanning the full care continuum from ambulatory to inpatient settings.
"This is one of the most transformational transactions in our history," said Stephen Snyder, Co-CEO of CareCloud. "By combining our advanced AI capabilities with Medsphere's proven technology, we will deliver an affordable, scalable solution for resource-constrained small and middle-market hospitals across the country. These facilities are often underserved by cost-prohibitive large enterprise vendors, and we see a tremendous opportunity to help them modernize operations, improve patient care, and strengthen their financial position."
The acquisition positions CareCloud to deliver affordable, scalable solutions for resource-constrained hospitals often underserved by cost-prohibitive enterprise vendors.
Spectral AI, Inc. (NASDAQ: MDAI) reported Q2 2025 financial results with research and development revenue of $5.1 million and total first-half revenue of $11.8 million, while maintaining a strong cash position of $10.5 million. The Dallas-based predictive AI company completed submission of its De Novo application to the FDA in June 2025, representing a crucial regulatory milestone for bringing the DeepView® System to market. Spectral AI focuses on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications for patients with burns.
"We are pleased with the results of our second quarter of 2025 especially with our ability to complete our submission of our De Novo application earlier than projected to the US Food and Drug Administration," said J. Michael DiMaio, MD, Chairman of the Board at Spectral AI. "This FDA submission is a major milestone for Spectral AI and the DeepView System, representing a crucial step toward bringing this innovative diagnostic device to market in the U.S. It provides clinicians with an immediate, data-driven assessment tool designed to assist clinical decision-making and may significantly improve patient outcomes."
The company reiterated 2025 revenue guidance of approximately $21.5 million while advancing its DeepView® System toward potential FDA approval. Spectral AI's algorithm-driven diagnostic platform aims to revolutionize wound care management by providing clinicians with objective assessments of burn wound healing potential prior to treatment.
RadNet, Inc. (NASDAQ: RDNT) subsidiary DeepHealth received FDA 510(k) clearance for TechLive, a remote scanning solution enabling centralized operation of MR, CT, PET/CT, and Ultrasound procedures across multiple locations. The vendor-agnostic platform addresses critical radiology technologist shortages while more than 300 systems are now connected, delivering a 42% decrease in MRI room closure hours during Q2 2025. RadNet operates 401 outpatient imaging centers nationally, serving as a leading provider of diagnostic imaging services.
"TechLive represents a paradigm shift in how we approach imaging operations," said Sham Sokka, PhD, Chief Operating and Technology Officer at DeepHealth. "By enabling real-time remote expertise, we are not only addressing today's staffing challenges, we are creating a foundation for more efficient, financially sustainable, and high-quality patient care across the broadest set of imaging modalities. This FDA clearance validates DeepHealth's vision of a connected imaging ecosystem that scales human expertise beyond physical boundaries."
The FDA clearance validates DeepHealth's vision of creating a connected imaging ecosystem that scales human expertise beyond physical boundaries. RadNet's comprehensive AI-powered health informatics platform positions the company to address ongoing workforce challenges while improving operational efficiency and patient access to advanced imaging procedures.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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