Artificial Intelligence Based Medical Device Market size was valued at USD 3.91 Billion in 2024 and is projected to reach USD 19.67 Billion by 2033, exhibiting a CAGR of 19.5% from 2026 to 2033.
The global Artificial Intelligence (AI) Based Medical Device Market was valued at approximately USD 5.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 40.5% from 2023 to 2030. The market growth is driven by the increasing demand for AI driven solutions that improve diagnosis, treatment planning, and patient monitoring. AI based medical devices are rapidly being adopted in areas such as imaging, diagnostics, robotic surgeries, and personalized treatment plans, contributing to the overall market expansion. The market size is projected to reach approximately USD 70.1 billion by the end of the forecast period in 2030.
Regionally, North America dominates the Artificial Intelligence Based Medical Device Market, accounting for a significant share in 2022, primarily due to the advanced healthcare infrastructure, high adoption of AI technologies, and the presence of key technology providers. Europe follows as the second largest market, with significant growth driven by governmental initiatives to integrate AI in healthcare. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by increasing healthcare investments, rising awareness of AI capabilities in healthcare, and a large patient pool. The Middle East and Africa, along with Latin America, present opportunities for market players as healthcare systems are evolving and AI technologies are being gradually integrated into medical devices in these regions.
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Apple
Microsoft
IBM
NVIDIA Corporation
Medtronic
GE Healthcare
PathAI
Aidoc
Philips Healthcare
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence Based Medical Device Market
Wearable Medical Devices
Diagnostic Devices
Therapeutic Devices
Monitoring Devices
Surgical Devices
Machine Learning (ML)
Natural Language Processing (NLP)
Robotics
Computer Vision
Speech Recognition
Diagnostics
Therapeutics
Monitoring
Prevention
Personalized Medicine
Hospitals
Diagnostic Centers
Home Care Settings
Research Institutes
Ambulatory Surgical Centers
Standalone Devices
Integrated Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence Based Medical Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence Based Medical Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence Based Medical Device Market, By Type
6. Global Artificial Intelligence Based Medical Device Market, By Application
7. Global Artificial Intelligence Based Medical Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence Based Medical Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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