The Artificial Intelligence (AI) in Operating Room Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence (AI) in Operating Room Global Market Report 2024, The artificial intelligence (ai) in operating room market size has grown exponentially in recent years. It will grow from $0.57 billion in 2023 to $0.73 billion in 2024 at a compound annual growth rate (CAGR) of 26.9%. The growth in the historic period can be attributed to advancements in surgical robotics, improved imaging and diagnostic tools, rise in minimally invasive surgery, demand for precision and safety, early ai-assisted diagnostics.
The artificial intelligence (ai) in operating room market size is expected to see exponential growth in the next few years. It will grow to $1.98 billion in 2028 at a compound annual growth rate (CAGR) of 28.4%. The growth in the forecast period can be attributed to ai-powered surgical assistance, enhanced medical imaging analysis, robotics and automation, augmented reality (ar) and virtual reality (vr), ai-enabled predictive analytics. Major trends in the forecast period include customized surgical planning, real-time feedback loops, remote surgery and telepresence, human-machine collaboration, surgical education and training.
The increasing number of fatal chronic diseases is expected to propel the growth of the artificial intelligence (AI) in operating room market going forward. Fatal chronic diseases refer to long-term illnesses or conditions that are ultimately life-threatening and are characterized by persisting symptoms, ongoing medical management, and a prognosis indicating a limited life expectancy. AI in the operating room is used in managing chronic diseases by assisting surgeons in performing precise and targeted surgeries for chronic diseases and helping to predict the progression of such diseases. A novel artificial intelligence (AI) program can interpret CT (Computed Tomography) scans of chronic fatal diseases such as cystic fibrosis (CF) patients in just a couple of seconds without the need for human intervention. For instance, in September 2022, according to the Cystic Fibrosis Foundation, a US-based non-profit organization, the number of cystic fibrosis cases in the United States increased to 32,100 in 2021 from 31,534 cases in 2020, with the majority of adult patients having an average age of 23. Therefore, an increase in fatal chronic diseases is driving the growth of the artificial intelligence (AI) in operating room market.
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The artificial intelligence (ai) in operating room market covered in this report 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 Application
5) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Standalone Or Specialized Facilities, Other End Users
Product innovations are a key trend gaining popularity in artificial intelligence (AI) in the operating room market. Major companies operating in the artificial intelligence (AI) in the operating room market are focused on innovating new products and solutions to sustain their position in the market. For instance, in May 2022, Zimmer Biomet Holdings Inc., a US-based medical device company, launched the first-of-its-kind artificial intelligence capabilities for Omni Suite, an intelligent operating room (OR) designed to automate tedious operations, streamline redundant gear, and eliminate needless technologies to improve surgical
workflow and procedural efficiency. The new AI feature employs cameras to identify automatically and time stamp significant OR workflow events, such as patient arrival and exit, door count, the beginning and end of anesthetic, operation, and cleaning. Omni Suite’s AI feature further enhances ZBEdge’s AI capabilities. ZBEdge is a collection of integrated smarts, digital, and robotic technologies that give transformative clinical insights powered by data to improve patient outcomes.
The artificial intelligence (ai) in operating room market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) in Operating Room Market Characteristics
3. Artificial Intelligence (AI) in Operating Room Market Trends And Strategies
4. Artificial Intelligence (AI) in Operating Room Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) in Operating Room Market Size and Growth
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26. South America Artificial Intelligence (AI) in Operating Room Market
27. Brazil Artificial Intelligence (AI) in Operating Room Market
28. Middle East Artificial Intelligence (AI) in Operating Room Market
29. Africa Artificial Intelligence (AI) in Operating Room Market
30. Artificial Intelligence (AI) in Operating Room Market Competitive Landscape And Company Profiles
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