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Comprehensive AI in the Operating Room Market Report: Unveiling Current & Future Industry Trends || Medtronic Plc, Siemens Healthineers Ltd., Stryker Corporation
Artificial Intelligence (AI) in Operating Room Market
The Business Research Company's Artificial Intelligence (AI) in Operating Room Global Market Report 2023 identifies the increasing number of fatal chronic diseases is the major driver for the artificial intelligence (AI) in operating room market's growth in the forecast period. Fatal chronic diseases refer to long-term illnesses or conditions that are ultimately life-threatening and are characterized by persisting symptoms, ongoing medical management, and a prognosis indicating a limited life expectancy. AI in the operating room is used in managing chronic diseases by assisting surgeons in performing precise and targeted surgeries for chronic diseases and helping to predict the progression of such diseases. A novel artificial intelligence (AI) program can interpret CT (Computed Tomography) scans of chronic fatal diseases such as cystic fibrosis (CF) patients in just a couple of seconds without the need for human intervention. For instance, in September 2022, according to the Cystic Fibrosis Foundation, a US-based non-profit organization, the number of cystic fibrosis cases in the United States increased to 32,100 in 2021 from 31,534 cases in 2020, with the majority of adult patients having an average age of 23.
The global artificial intelligence (AI) in operating room market is expected to grow from $0.45 billion in 2022 to $0.57 billion in 2023 at a compound annual growth rate (CAGR) of 26.3%. 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 (AI) in operating room market is expected to reach $1.55 billion in 2027 at a CAGR of 28.1%.
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Major competitors in the artificial intelligence (AI) in the operating room market are Medtronic Plc, Siemens Healthineers Ltd., Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Merative L.P.
A key trend in the artificial intelligence (AI) in operating room market includes offering product innovations. Major companies operating in the artificial intelligence (AI) in operating room market are focused on innovating new products and solutions to sustain their position in the market. For instance, in May 2022, Zimmer Biomet Holdings Inc., a US-based medical device company, launched the first-of-its-kind artificial intelligence capabilities for Omni Suite, an intelligent operating room (OR) designed to automate tedious operations, streamline redundant gear, and eliminate needless technologies to improve surgical workflow and procedural efficiency.
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The artificial intelligence (AI) in operating room market is segmented -
1) By Offerings: Hardware, Software-As-A-Service (SaaS)
2) By Indication: Cardiology, Orthopedics, Urology, Gastroenterology, Neurology, Other Indications
3) By Technology: Machine Learning (ML), Deep Learning (DL), Natural Language Processing (NLP), Computer Vision
4) By Application: Training And Supporting, Diagnosis And Monitoring, Outcome And Risk Analysis, Surgical Planning And Rehabilitation, Integration And Connectivity, Other Applications
5) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Standalone Or Specialized Facilities, Other End Users
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the artificial intelligence (AI) in operating room market
The Business Research Company's "Global Artificial Intelligence (AI) in Operating Room Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Intelligence (AI) in Operating Room Market Include:
1. Executive Summary
2. Artificial Intelligence (AI) in Operating Room Market Characteristic
3. Artificial Intelligence (AI) in Operating Room Market Trends And Strategies
4. Artificial Intelligence (AI) in Operating Room Market - Macro Economic Scenario
5. Artificial Intelligence (AI) in Operating Room Market Size And Growth
……………
27. Artificial Intelligence (AI) in Operating Room Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence (AI) in Operating Room Market
29. Artificial Intelligence (AI) in Operating Room Market Future Outlook And Potential Analysis
30. Appendix
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