Global Artificial Intelligence (AI) in Operating Room Market Forecast 2023-2032: Estimated Market Size And Growth Rate
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
As per The Business Research Company’s Artificial Intelligence (AI) in Operating Room Global Market Report 2023, the global AI in the operating room market is projected to increase from $0.45 billion in 2022 to $0.57 billion in 2023, reflecting a 26.3% CAGR. The market is anticipated to attain $1.55 billion by 2027, growing at a CAGR of 28.1%.
North America held the largest artificial intelligence (AI) in operating room market share, and Asia-Pacific was the fastest-growing region in 2022.
Artificial Intelligence (AI) in Operating Room Market Driver
The rising incidence of fatal chronic diseases is expected to drive the growth of the artificial intelligence (AI) in the operating room market. Fatal chronic diseases are characterized by persistent symptoms and limited life expectancy, and AI plays a crucial role in assisting surgeons in precise surgeries and disease progression prediction. An AI program can rapidly interpret CT scans of chronic fatal diseases like cystic fibrosis (CF) without human intervention. For example, in September 2022, the Cystic Fibrosis Foundation reported an increase in CF cases in the United States, with most adult patients having an average age of 23, highlighting the need for AI in the operating room.
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Key Artificial Intelligence (AI) in Operating Room Market Segments
The global artificial intelligence (AI) in operating room market is segmented –
1) By Offerings: Hardware, Software-As-A-Service (SaaS)
2) By Indication: Cardiology, Orthopedics, Urology, Gastroenterology, Neurology, Other Indications
3) By Technology: Machine Learning (ML), Deep Learning (DL), Natural Language Processing (NLP), Computer Vision
4) By Application: Training And Supporting, Diagnosis And Monitoring, Outcome And Risk Analysis, Surgical Planning And Rehabilitation, Integration And Connectivity, Other Applications
5) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Standalone Or Specialized Facilities, Other End Users
Artificial Intelligence (AI) in Operating Room Market Prominent Players
Major players in the artificial intelligence (AI) in the operating room market are Medtronic Plc, Siemens Healthineers Ltd., Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Merative L.P., Vicarious Surgical Inc., Augmedics Ltd., NovaSignal Corp., Caresyntax Inc., Quibim S.L., Corindus Vascular Robotics Inc., Lunit Inc., Nano-X Imaging Ltd., Viz.ai Inc., Subtle Medical Inc., Caption Health Inc., Inovus Medical, Asensus Surgical Inc., Activ Surgical Inc., CureMetrix Inc., Orpheus Medical Ltd., MaxQ AI Ltd., Perimeter Medical Imaging AI Inc., RadLogics Inc., Riverain Technologies LLC, Therapixel SA, Proximie Limited, and Gauss Surgical Inc.
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Prominent Artificial Intelligence (AI) in Operating Room Market Trend
Product innovations are a prominent trend in the artificial intelligence (AI) in operating room market. Major companies are introducing new products and solutions to maintain their market position. For example, Zimmer Biomet Holdings Inc., a US-based medical device company, introduced groundbreaking AI capabilities for Omni Suite, an intelligent operating room (OR). These AI features automate various tasks, enhance surgical workflow, and improve procedural efficiency by automatically identifying and time-stamping key OR workflow events.
The Artificial Intelligence (AI) in Operating Room Global Market Report 2023 provides comprehensive insights on the artificial intelligence (AI) in operating room market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the artificial intelligence (AI) in operating room market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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