What Are The 5 Takeaways From The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Overview 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
AI/ML medical device market surged from $5.42 billion in 2023 to $6.77 billion in 2024, with a CAGR of 24.9%. Predicted to reach $16.38 billion by 2028, growing at a CAGR of 24.7%. Increased personalization and AI/ML integrated diagnostics will drive growth, with trends like wearable devices and point-of-care diagnostics shaping the industry.
Investments in healthcare AI are anticipated to fuel growth in the artificial intelligence or machine learning medical device market. AI technologies have transformative potential in healthcare delivery and patient outcomes, attracting substantial investments in AI healthcare innovations. For example, recent investments totaling $147.2 million have benefitted over 300,000 patients through 86 AI technologies across multiple funding rounds.
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What Are The Key Trends That Influence Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Share Analysis?
Technological developments are shaping the artificial intelligence or machine learning medical device market. Major companies are focusing on innovation to maintain their market positions. Philips, a Netherlands-based health technology company, launched the MR 7700 system in November 2021. This AI-enabled MR system enhances diagnostic precision with high-quality imaging for anatomical and functional assessments. It meets growing clinical demands and improves decision-making in radiology departments.
Which Market Players Are Driving Growth In The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market?
Major companies operating in the market are General Electric, Medtronic PLC, Canon Inc., Nvidia Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, RadNet Inc., Shanghai United Imaging Healthcare Co. Ltd., Tempus, DataRobot Inc., DeepMind Technologies Limited, Paige AI Inc., Aidoc Medical Ltd., Butterfly Network Inc., Aidoc Medical, CellaVision AB, H2O.ai, Clarius Mobile Health Corp., Subtle Medical Inc., Owkin Inc., Cleerly Inc., Behold.ai, Viz.ai Inc., Arterys Inc., Caption Health, Komodo Health Inc., Enlitic Inc., CloudMedx Inc., Hyperfine Inc., Nanox AI Ltd.
How Is The Global Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Segmented?
The artificial intelligence or machine learning (ai/ml) medical device market covered in this report is segmented –
1) By Product: System Or Hardware, Software-As-A Medical Devices
2) By Clinical Area: Radiology, Cardiology, Hematology, Other Clinical Areas
3) By End-User: Hospitals And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare payers, Other End-Users
Read The Full Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Report Here
The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Global Market Report 2024 provides an overview of the artificial intelligence or machine learning (ai/ml) medical devicemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence or machine learning (ai/ml) medical device market forecast analyzes artificial intelligence or machine learning (ai/ml) medical device market size, artificial intelligence or machine learning (ai/ml) medical device market share, leading competitor and their market positions.
The Table Of Content For The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Include
1. Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Executive Summary
2. Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Segments
3. Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Size And Template Market Growth Rate
4. Key Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Trends
5. Major Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market
26. Top Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Companies
27. Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Opportunities And Strategies
28. Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market, Conclusions And Recommendations
29. Appendix
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