Dublin, Jan. 28, 2024 (GLOBE NEWSWIRE) -- The "Global Artificial Intelligence (AI) in Operating Room Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
Growth Projected Amid Increasing Chronic Disease Cases and Product Innovations
The global market for Artificial Intelligence (AI) in the operating room is witnessing an unprecedented expansion, with forecasts predicting a growth from $0.45 billion in 2022 to an impressive $0.57 billion in 2023, marking a compound annual growth rate (CAGR) of 26.3%. This notable uptrend is primarily fueled by the surge in fatal chronic diseases requiring advanced medical interventions, where AI-driven technologies play a crucial role in enhancing surgical precision and disease management. Analysts predict the market could skyrocket to a $1.55 billion valuation by 2027, expanding at a CAGR of 28.1%.
In the backdrop of economic challenges posed by the Russia-Ukraine conflict and the quest for post-pandemic recovery, the AI in operating room sector stands out as a beacon of innovation, with key players introducing groundbreaking solutions to reinforce their market positions. Zimmer Biomet Holdings Inc.'s release of AI capabilities for Omni Suite exemplifies the trend of integrating smart technologies to optimize surgical workflows and improve overall procedural efficiency.
North America holds the distinction of being the largest market for AI in the operating rooms, showcasing a robust infrastructure supportive of healthcare innovation. Concurrently, Asia-Pacific regions are poised for rapid growth, propelled by technological advancements and increasing healthcare investments.
The AI in operating room ecosystem is composed of a diverse array of applications, including hardware and software-as-a-service (SaaS), which find utility across various end users including hospitals and ambulatory surgical centers. Defined by machine learning, deep learning, natural language processing, and computer vision, these technologies cater to 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 AI's potential to deliver real-time surgical guidance, autonomous actions, and enhanced patient outcomes as part of the integrated service offerings.
This comprehensive market research report offers a meticulous analysis of current trends, future forecasts, and dynamic market segments, equipping stakeholders with crucial insights for strategic decision-making. As AI continues to redefine operating room protocols, this report stands as 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 includes
- Medtronic Plc
- Siemens Healthineers Ltd.
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- Olympus Corporation
- Intuitive Surgical Inc.
- Merative L.P.
- Vicarious Surgical Inc.
- Augmedics Ltd.
- NovaSignal Corp.
- Caresyntax Inc.
- Quibim S.L.
- Corindus Vascular Robotics Inc.
- Lunit Inc.
- Nano-X Imaging Ltd.
- Viz.ai Inc.
- Subtle Medical Inc.
- Caption Health Inc.
- Inovus Medical
- Asensus Surgical Inc.
- Activ Surgical Inc.
- CureMetrix Inc.
- Orpheus Medical Ltd.
- MaxQ AI Ltd.
- Perimeter Medical Imaging AI Inc.
- RadLogics Inc.
- Riverain Technologies LLC
- Therapixel SA
- Proximie Limited
- Gauss Surgical Inc
For more information about this report visit https://www.researchandmarkets.com/r/bd409b
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