AI in Medical Devices Market Size

AI in Medical Devices Market size is set to register remarkable growth rate during the forecast period i.e., between 2024-2036. 

The major factors which are attributed to drive the growth of the market are the rising volume of healthcare data and the growing complexities of datasets are driving the need for AI. Moreover, the growing adoption of precision medicine, increasing applicability of AI based tools in healthcare and rise in venture capital investments, which is anticipated to fuel the growth of the AI in medical devices market globally. Recently, in 2020 during the COVID-19 outbreak, UC San Diego Health developed an algorithm based on artificial intelligence which was used for more than 2,000 lung X-ray images, helping radiologists in the detection of the early sign of pneumonia in COVID-19 patients.