Artificial Intelligence/Machine Learning Medical Device Global Market Report 2023: Sector is Expected to Reach $35.4 Billion by 2032 at a CAGR of 24.4% - ResearchAndMarkets.com
The global artificial intelligence/machine learning medical device market was valued at $4,011.7 million in 2022 and is anticipated to reach $35,458.2 million by 2032, witnessing a CAGR of 24.35% during the forecast period 2022-2032.
- The global artificial intelligence/machine learning medical device market was valued at $4,011.7 million in 2022 and is anticipated to reach $35,458.2 million by 2032, witnessing a CAGR of 24.35% during the forecast period 2022-2032.
- The global artificial intelligence/machine learning medical device market is highly fragmented, and the number of FDA and CE marked approvals of AI-enabled medical devices is increasing each year.
- The opportunity for growth of the global artificial intelligence/machine learning medical device market lies in innovations in technology and the further development of AI-based medical devices enabling diagnostic accuracy and productivity.
- The following are the drivers for the global artificial intelligence/machine learning medical device market:
The market is expected to face some limitations as well due to the following challenges: