The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global AI/ML medical device market is forecasted to rise from $4.32 billion in 2022 to $5.42 billion in 2023, with a 25.4% CAGR. By 2027, the market is projected to reach $12.99 billion at a 24.4% CAGR.

What will drive the artificial intelligence or machine learning (AI or ML) medical device market?

Investments in healthcare AI are projected to drive the future growth of the AI/ML medical device market.

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Who are the major players in the market?

Major players in the artificial intelligence machine learning medical device market are General Electric, Medtronic PLC, Canon Inc., Nvidia Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation.

Which trend is gaining popularity in the artificial intelligence or machine learning (AI or ML) medical device market?

Technological advancements are a prominent trend in the AI/ML medical device market, with major companies focusing on innovative technology to maintain their market standing.

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How is the artificial intelligence or machine learning (AI or ML) medical device market segmented?

Global Artificial Intelligence Or Machine Learning (AI or ML) Medical Device Market Segments Include:

• By Product: System Or Hardware, Software-As-A Medical Devices
• By Clinical Area: Radiology, Cardiology, Hematology, Other Clinical Areas
• By End-User: Hospitals And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare payers, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global artificial intelligence or machine learning (AI or ML) medical device market in 2021.

The Artificial Intelligence Or Machine Learning (AI or ML) Medical Device Global Market Report 2023  provides an overview of the artificial intelligence or machine learning (AI or ML) medical device market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence or machine learning (AI or ML) medical device market forecast analyzes artificial intelligence or machine learning (AI or ML) medical device market size, artificial intelligence or machine learning (AI or ML) medical device market share, leading competitor and their market positions.

An AI/ML medical device combines artificial intelligence and machine learning technologies for analyzing medical data, providing predictions, aiding diagnoses, and supporting healthcare decision-making. These technologies offer valuable applications in the medical device industry, including data management, remote surgeries, diagnostic support, and clinical trials.

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