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The medical devices space has seen considerable growth over the course of the past decade or so and nowadays, it has become far more specialized as companies look to capitalize on specific niches in the market. A company that could be worth looking into at this point in time is CYduct Diagnostics Inc (OTCMKTS:CYDX) which is focused on medical devices specifically geared towards the women’s healthcare market.
The medical devices are focused on wellness and breast healthcare primarily. The products that the company is working on are meant for not only providing clinical integrity but also convenience and patient privacy. One of the more important things to keep in mind about CYduct Diagnostics is that the company has been in this space for more than three decades and many hospitals and physicians depend on its devices.
In this context, it may be a good idea for investors to keep in mind that there have been considerable advancements made in the field of artificial intelligence in recent times. Those breakthroughs have also led to improvements in the field of breast cancer screening and more often than not those processes often manage to spot signs that even doctors may miss.
Such a state of affairs can only be seen as a positive for a medical devices company like CYduct Diagnostics which is working on such products in the same sector.
At this point, artificial intelligence-powered technology has shown a strong ability to detect cancer and the ability is believed to be on par with professional radiologists.
It is believed to be one of the first instances in which it was demonstrated that artificial intelligence could bring about concrete improvements in public health. In the long run, it is going to be interesting to see how CYduct Diagnostics incorporates artificial intelligence in its medical devices.