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Growing Demand For Personalized Medicine Propels Growth Of AI In Medical Devices Market: A Significant Driver Propelling The AI In Medical Devices Market In 2025
AI In Medical Devices
What Is the AI In Medical Devices Market Size and Projected Growth Rate?
The AI In Medical Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the AI In Medical Devices Market Size and Projected Growth Rate?
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What Are the Major Segments in the AI In Medical Devices Market?
The AI in medical devices market covered in this report is segmented -
1) By Offerings: Hardware, Software, Services
2) By Technology: Context Awareness, Deep learning, Machine learning, Natural Language Processing, Predictive Analytics, Other Technologies
3) By Deployment: Cloud, On-Premise
4) By Application: Patient care, Treatment, Diagnosis And Monitoring, Other Applications
5) By End-User: Hospitals And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare Payers, Other End Users
Subsegments:
1) By Hardware: Imaging Devices, Wearable Devices, Surgical Robots, Monitoring Devices, Diagnostic Equipment
2) By Software: Imaging Software, Data Analytics Software, Clinical Decision Support Software, Patient Management Software, Workflow Automation Software
3) By Services: Consulting Services, Maintenance And Support Services, Training Services, Integration Services, Managed Services
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What Are The Driving AI In Medical Devices Market Evolution?
The expansion of the AI in medical devices market is projected to be boosted by the rising interest in personalized medicine. This healthcare strategy, tailored to individual patient characteristics such as genetics, environment, and lifestyle, aims to increase treatment success and results. The push towards personalized medicine is fueled by several elements, such as genomic progress, patient empowerment, and enhanced treatment effectiveness. AI compiles a comprehensive profile based on a vast collection of patient data, including genetic details, medical records, and lifestyle elements, allowing for personalized treatment plans. As an example, the Personalized Medicine Coalition, a non-profit organization based in the U.S., reported that in February 2024, the FDA sanctioned 16 new personalized treatments for patients diagnosed with uncommon diseases in 2023, a substantial increase from six in 2022. As such, the mounting interest in personalized medicine is pivotal in propelling the development of the AI in medical devices market.
Which Firms Dominate The AI In Medical Devices Market Segments?
Major companies operating in the AI in medical devices market include General Electric Company, Medtronic plc., Siemens Healthineers AG, Micron Technology Inc., Nvidia Corporation, Intel Corporation, International Business Machines Corporation, Amazon Web Services, Inc., Koninklijke Philips N.V., Enlitic Inc., Cloudmedx Inc., Oncora Medical Inc., Microsoft Corporation, Path AI Inc., Aidoc Medical Ltd., Accuray Incorporated, AliveCor, Alphabet Inc., Apple Inc., Arterys Inc., Augmedics Inc., Azra AI, Babylon Health Limited, Brainomix Ltd., Butterfly Network Inc., Canon Medical Systems Corporation, Cerner Corporation, Clarapass Inc., Comarch SA, CureMetrix Inc., DeepMind Health, Diabetic Retinopathy Detection Ltd., Diacron Group, Diagnostic Robotics, EchoPixel Inc.
What Trends Are Expected to Dominate the AI In Medical Devices Market in the Next 5 Years?
The rise of technology is a prevailing trend seen in the AI in medical devices market. Many prominent businesses in this field are adopting new tech advancements to maintain their market standing. For instance, in March 2022, Nvidia Corporation, a well-known American computer hardware manufacturing company, introduced the Clara Holoscan MGX. This is a unique skill platform for the medical device sector to cultivate and employ real-time AI applications at the edge. This pioneering tech platform proposes various features to assist companies in creating and marketing medical devices that integrate progressive AI capabilities such as image and signal processing, natural language processing, and predictive analytics. Furthermore, this platform comes with superior security features and healthcare industry regulation adherence to safeguard patient data's privacy and security. It has the ability to process medical data instantly and offer insights beneficial for clinical decision-making.
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Which Is The Largest Region In The AI In Medical Devices Market?
North America was the largest region in the AI in medical devices market in 2024. The regions covered in the AI in medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI In Medical Devices Market?
2. What is the CAGR expected in the AI In Medical Devices Market?
3. What Are the Key Innovations Transforming the AI In Medical Devices Industry?
4. Which Region Is Leading the AI In Medical Devices Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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