Press release
Artificial Intelligence in Medical Devices Market is expected to reach US$ 228.98 billion by 2031 | Major Companies - GE HealthCare., Medtronic, Siemens Healthineers AG, NVIDIA Corporation
Artificial Intelligence in Medical Devices Market
The Global Artificial Intelligence in Medical Devices Market size reached US$ 21.50 billion in 2023 and is expected to reach US$ 228.98 billion by 2031, growing at a CAGR of 34.7% during the forecast period 2024-2031.
The Artificial Intelligence in Medical Devices Market refers to the development and adoption of AI-powered technologies integrated into medical equipment to enhance diagnosis, treatment, monitoring, and clinical decision-making. These devices use machine learning, deep learning, and data analytics to interpret complex medical data, improve accuracy, automate workflows, and support personalized care. The market spans applications such as imaging, patient monitoring, surgical systems, and diagnostics, driven by rising healthcare digitization, demand for precision medicine, and improved patient outcomes.
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Recent Key Developments of United States:
✅ December 2025: NVIDIA partnered with U.S. hospitals to deploy AI scanners for radiology, improving accuracy in identifying brain hemorrhages.
✅ October 2025: Medtronic launched an AI-enhanced robotic surgery system that reduces procedure times by 20% in cardiac operations.
✅ November 2025: FDA accelerated clearance for new AI-powered diagnostic imaging devices from GE HealthCare, enhancing real-time tumor detection in MRI scans.
Recent Key Developments of Japan:
✅ December 2025: AI Medical Service advanced Holoscan-powered endoscopy tools for real-time gastrointestinal cancer detection.
✅ November 2025: Fujifilm released an AI application using NVIDIA DGX to convert CT images into 3D simulations for surgeons.
✅ October 2025: PMDA's Action Plan modernized regulations, speeding up AI-SaMD approvals amid rising submissions.
List of the Key Players in the Artificial Intelligence in Medical Devices Market:
GE HealthCare.
Medtronic
Siemens Healthineers AG
NVIDIA Corporation
Koninklijke Philips N.V.
Canon Medical Systems, USA, Inc.
Aidoc
IBM
Apple Inc.
Google DeepMind
HYPERFINE, INC.,
Clarius
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This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Segments Covered in the Artificial Intelligence in Medical Devices Market:
By Product Type: Hardware, Software, Services.
By Technology: Machine Learning, Deep Learning, Natural Language Processing (NLP), Computer Vision, Others.
By Application: Radiology, Cardiology, Hematology, Oncology, Orthopedic Imaging, Others.
By End-User: Hospitals and Healthcare Providers, Pharmaceuticals and Biotechnology Companies, Healthcare Payers, Others.
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Artificial Intelligence in Medical Devices market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Artificial Intelligence in Medical Devices Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The Global Artificial Intelligence in Medical Devices market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Artificial Intelligence in Medical Devices Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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People Also Ask:
◆ How big is the Artificial Intelligence in Medical Devices Market in 2025?
◆ What is the projected growth rate of the Artificial Intelligence in Medical Devices Market through 2033?
◆ Who are the key players in the Artificial Intelligence in Medical Devices Market?
◆ Which region is expected to dominate the industry during the forecast period?
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