Categories: Market Research

Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market Size and Forecast 2024-2033|General Electric, Medtronic PLC, Canon Inc., Nvidia Corporation, Siemens Healthineers AG

The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device 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).

Learn More On The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market:

https://www.thebusinessresearchcompany.com/report/artificial-intelligence-or-machine-learning-ai-or-ml-medical-device-global-market-report

According to The Business Research Company’s Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Global Market Report 2024, The an artificial intelligence or machine learning (ai/ml) medical device market size has grown exponentially in recent years. It will grow from $5.42 billion in 2023 to $6.77 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%.  The  growth in the historic period can be attributed to regulatory support, rise in chronic diseases, data accessibility, improvements in computational power, cost efficiency.

The an artificial intelligence or machine learning (ai/ml) medical device market size is expected to see exponential growth in the next few years. It will grow to $16.38 billion in 2028 at a compound annual growth rate (CAGR) of 24.7%.  The growth in the forecast period can be attributed to increased personalization, remote monitoring and telemedicine, ai/ml integrated diagnostics, patient-centric care, ai/ml in proactive care. Major trends in the forecast period include ai/ml-enhanced imaging devices, wearable ai/ml devices, ai/ml-powered prosthetics and robotics, point-of-care ai/ml diagnostics, ethical ai/ml use.

Investments in healthcare AI are expected to propel the growth of the artificial intelligence or machine learning medical device market going forward. Healthcare AI (Artificial Intelligence) refers to applying AI technologies in the healthcare industry to improve healthcare delivery, diagnosis, treatment, and overall patient care. Investments in AI healthcare are driven by the potential for AI and ML technologies to revolutionize healthcare delivery, improve patient outcomes, and enhance operational efficiency. For instance, in March 2023, according to the Department of Health and Social Care, a UK-based government department, over 300,000 patients benefited from $147.2 million (£123 million) invested in 86 AI technologies over three rounds of awards. Additionally, Mendelian, a UK-based digital health startup, has been awarded $1.7 million (£1.4 million) to support an AI system that identifies patients with undiagnosed rare diseases. Further, Medtronic, a US-based medical device company, was awarded $3.18 million (£2.5 million) to develop further an AI-based medical device called GI Genius. Therefore, investments in healthcare AI drive the growth of the artificial intelligence and machine learning medical device market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=12610&type=smp

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

Technological developments are a key trend gaining popularity in the artificial intelligence or machine learning medical device market. Major companies operating in the artificial intelligence machine learning medical device market are concentrating on creating innovative technologies to sustain their position in the market. For instance, in November 2021, Philips, a Netherlands-based company engaged in health technology, launched a new MR 7700 system with an AI-enabled MR (magnetic resonance) portfolio of smart diagnostic systems, optimized workflow solutions, and integrated clinical solutions. This new MR 7700 system with multinuclear clinical capabilities is built to deliver ideal quality diffusion imaging, and sophisticated neuroscience sequences with high homogeneity and linearity bring precision to anatomical and functional imaging, facilitating confident decision-making. The system intends to accommodate the increase in patient loads that many radiology departments are currently experiencing and current, future, and novel clinical and research demands.

The artificial intelligence or machine learning (ai/ml) medical device market report table of contents includes:

1. Executive Summary

2. Artificial Intelligence Machine Learning Medical Device Market Characteristics

3. Artificial Intelligence Machine Learning Medical Device Market Trends And Strategies

4. Artificial Intelligence Machine Learning Medical Device Market – Macro Economic Scenario

5. Global Artificial Intelligence Machine Learning Medical Device Market Size and Growth

.

.

.

26. South America Artificial Intelligence Machine Learning Medical Device Market

27. Brazil Artificial Intelligence Machine Learning Medical Device Market

28. Middle East Artificial Intelligence Machine Learning Medical Device Market

29. Africa Artificial Intelligence Machine Learning Medical Device Market

30. Artificial Intelligence Machine Learning Medical Device Market Competitive Landscape And Company Profiles

Top Major Players:

  • General Electric
  • Medtronic PLC
  • Canon Inc
  • Nvidia Corporation
  • Siemens Healthineers AG

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Share
Published by
Good PR News
Tags: artificial intelligence or machine learning (ai/ml) medical device industryartificial intelligence or machine learning (ai/ml) medical device industry analysisartificial intelligence or machine learning (ai/ml) medical device industry reportartificial intelligence or machine learning (ai/ml) medical device industry researchartificial intelligence or machine learning (ai/ml) medical device marketartificial intelligence or machine learning (ai/ml) medical device market analysisartificial intelligence or machine learning (ai/ml) medical device market dataartificial intelligence or machine learning (ai/ml) medical device market demandartificial intelligence or machine learning (ai/ml) medical device market forecastartificial intelligence or machine learning (ai/ml) medical device market growthartificial intelligence or machine learning (ai/ml) medical device market insightsartificial intelligence or machine learning (ai/ml) medical device market outlookartificial intelligence or machine learning (ai/ml) medical device market overviewartificial intelligence or machine learning (ai/ml) medical device market reportartificial intelligence or machine learning (ai/ml) medical device market researchartificial intelligence or machine learning (ai/ml) medical device market segmentsartificial intelligence or machine learning (ai/ml) medical device market shareartificial intelligence or machine learning (ai/ml) medical device market sizeglobal artificial intelligence or machine learning (ai/ml) medical device market Read More

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

15 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

15 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

15 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

15 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

15 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

15 hours ago