AI in Medical Devices Market By Application: Diagnostic Devices, Therapeutic Devices, By End-Use: Hospitals, Clinics, By Region: North America, Europe, Asia Pacific, Segment Forecasts: 2024 - 2030
AI in Medical Devices Market Trends
The AI in medical devices market was valued at USD 10.9 billion in 2024 and is projected to grow at a CAGR of 32.4% from 2025 to 2030. AI technologies are transforming the medical device industry, offering enhanced diagnostic and therapeutic capabilities. Machine learning algorithms and neural networks are improving the accuracy and efficiency of medical devices in areas such as imaging, diagnostics, and personalized medicine.
Product Insights
Diagnostic devices powered by AI accounted for the largest share of the market in 2024, with 59.6% of the revenue. AI-driven diagnostic tools are used to identify diseases, analyze medical images, and provide real-time decision support for healthcare providers. Therapeutic devices are also seeing growth, particularly in the development of AI-powered robotic surgery systems.
Regional Insights
North America dominates the market with a 41.3% share in 2024, thanks to high investments in AI research and strong regulatory support for AI-powered medical devices. The Asia Pacific region is forecasted to grow at the highest rate, with a CAGR of 35.1%, as AI technologies gain traction in emerging healthcare markets.
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