Global market for artificial intelligence (AI) in operating rooms
Dublin, January 28, 2024 (GLOBE NEWSWIRE) — The “Global Artificial Intelligence (AI) in Operating Room Market Report 2023” the report has been added to ResearchAndMarkets.com offer.
Growth expected amid rising chronic disease cases and product innovations
The global market for artificial intelligence (AI) in the operating room is experiencing unprecedented expansion, with forecasts projecting growth from $0.45 billion in 2022 to an impressive $0.57 billion in 2023, representing a compound annual growth rate (CAGR) of 26.3%. This notable upward trend is primarily fueled by the rise in life-threatening chronic diseases requiring advanced medical interventions, in which AI-based technologies play a crucial role in improving surgical precision and disease management . Analysts predict that the market could skyrocket to a valuation of $1.55 billion by 2027, with a CAGR of 28.1%.
Amid the economic challenges posed by the Russian-Ukrainian conflict and the quest for post-pandemic recovery, the operating room AI sector is emerging as a beacon of innovation, with key players introducing revolutionary solutions to strengthen their market positions. Zimmer Biomet Holdings Inc.’s release of AI capabilities for Omni Suite illustrates the trend toward integrating intelligent technologies to optimize surgical workflows and improve overall procedural efficiency.
North America has the distinction of being the largest market for AI in operating rooms, featuring a robust infrastructure supportive of healthcare innovation. Meanwhile, Asia-Pacific regions are poised for rapid growth, propelled by technological advancements and increased investments in healthcare.
The operating room AI ecosystem is comprised of a wide range of applications, including hardware and software as a service (SaaS), that find utility across a variety of end-users, including hospitals and ambulatory surgical centers. Defined by machine learning, deep learning, natural language processing, and computer vision, these technologies address disciplines such as cardiology, orthopedics, and neurology, among others.
The continued proliferation of AI in the operating room reflects a transformative phase in healthcare technology, where entities are capitalizing on the potential of AI to provide real-time surgical guidance, autonomous actions and better patient outcomes through integrated service offerings.
This comprehensive market research report offers meticulous analysis of current trends, future forecasts and dynamic market segments, providing stakeholders with crucial information for strategic decision-making. As AI continues to redefine operating room protocols, this report is a testament to the evolution of healthcare and the promise it holds for elevating standards of patient care through intelligent innovation .
A selection of companies mentioned in this report include
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Medtronic Plc
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Siemens Healthineers SA.
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Stryker Company
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Zimmer Biomet Holdings Inc.
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Olympe Company
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Intuitive Surgical Inc.
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Merative LP
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Vicarious Surgical Inc.
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Augmedics Ltd.
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NovaSignal Corp.
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Caresyntax Inc.
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Quibim SL
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Corindus Vascular Robotics Inc.
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Lunit Inc.
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Nano-X Imaging Ltd.
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Viz.ai Inc.
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Subtil Médical Inc.
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Legend Health Inc.
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Inovus Medical
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Asensus Surgical Inc.
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Activ Surgical Inc.
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CureMetrix Inc.
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Orphée Medical Ltd.
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MaxQ AI Ltd.
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Perimetric Medical Imaging AI Inc.
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RadLogics Inc.
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Riverain Technologies LLC
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Therapixel SA
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Limited Proximity
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Gauss Surgical Inc
For more information on this report, visit https://www.researchandmarkets.com/r/bd409b
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