The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Global Market Report 2023, provides comprehensive information on the artificial intelligence or machine learning (ai/ml) medical device market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market’s Growth:
The global artificial intelligence machine learning medical device market is expected to grow from $4.32 billion in 2022 to $5.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence machine learning medical device market is expected to reach $12.99 billion in 2027 at a CAGR of 24.4%.
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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 markets 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 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
North America was the largest region in the artificial intelligence or machine learning (ai/ml) medical device market in 2022.
The table of contents in TBRC’s artificial intelligence or machine learning (ai/ml) medical device market report includes:
- Executive Summary
- Artificial Intelligence Machine Learning Medical Device Market Characteristics
- Artificial Intelligence Machine Learning Medical Device Market Trends And Strategies
- Artificial Intelligence Machine Learning Medical Device Market – Macro Economic Scenario
- Global Artificial Intelligence Machine Learning Medical Device Market Size and Growth
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- Global Artificial Intelligence Machine Learning Medical Device Market Competitive Benchmarking
- Global Artificial Intelligence Machine Learning Medical Device Market Competitive Dashboard
- Key Mergers And Acquisitions In The Artificial Intelligence Machine Learning Medical Device Market
- Artificial Intelligence Machine Learning Medical Device Market Future Outlook and Potential Analysis
- Appendix
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