AI in Medical Devices Market Analysis

The AI in medical devices market is segmented on offerings into hardware, software, and services, out of which the software segment is anticipated to hold the largest share in the target market as compared to hardware and services. Moreover, the software solution segment is one of the key driving factors fuelling the growth of the market segment. Recently, Nuance Communications developed a software named Dragon Medical One, which helps healthcare companies as well as healthcare providers to transcribe a physician’s speech into an Electronic Health Record (EHR) through natural language processing.

Our in-depth analysis of the global market includes the following segments:

By Offerings	Hardware Network Memory Processor MPU GPU FPGA ASIC Software AI Solutions On-premises Cloud AI Platform Machine Learning Framework Application Program Interface Services Deployment & integration Support & maintenance
By Technology	Machine learning Deep Learning Unsupervised Learning Supervised Learning Reinforcement Learning Others Natural Language Processing Computer Vision Context-Aware Computing
By Application	Clinical Trials Patient Data & Risk Analysis Cybersecurity Impatient Care & Hospital Management Mental Health Wearables Virtual Nursing Assistants Emergency Room & Surgery Drug Discovery Healthcare Assistance Robots Medical Imaging & Diagnostics Others
End-User	Hospitals & Healthcare Providers Patients Pharmaceuticals & Biotechnology Companies Healthcare payers Others

Frequently Asked Questions (FAQ)

Growing need for for improvised and healthcare services due to imbalance between health workforce and patients and influx of large and complex datasets are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Inability of medical practitioners to adopt AI-based technologies are estimated to hamper market growth.

The market in North America region will provide ample growth opportunities owing to rising adoption of healthcare IT solutions, availability of funding for developing AI capabilities and well-established healthcare infrastructure across the region.

The major players dominating the AI in Medical devices market are UC San Diego, IBM, EBSCO Information Services, Medtronic, GENERAL ELECTRIC, NVIDIA Corporation, Siemens Healthcare GmbH, Micron Technology, Amazon Web Services, Inc., Intel Corporation among others.

AI in Medical Devices Market Analysis