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Artificial Intelligence (AI) and Analytics in Surgery Market Size

Report ID: GMI10001
Published Date: Jun 2024
Report Format: PDF

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Artificial Intelligence and Analytics in Surgery Market Size

Artificial Intelligence and Analytics in Surgery Market size was valued at USD 187 million in 2023 and is anticipated to witness growth at a CAGR of 26.5% from 2024 and 2032. High market growth can be attributed to the increasing adoption of minimally invasive surgical procedures, which benefit greatly from AI-enhanced precision and predictive analytics.

Artificial Intelligence and Analytics in Surgery Market

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Additionally, growing volume of surgical procedures globally, coupled with the rising prevalence of chronic diseases requiring surgical interventions, has created a significant market opportunity for AI and analytics solutions in surgery. Moreover, the potential of AI to improve patient outcomes, reduce surgical errors, and optimize operating room workflows is driving adoption among healthcare providers. Furthermore, the increasing investment in healthcare infrastructure, especially in emerging markets, is expected to further fuel the growth of AI and analytics in surgery market.

Artificial Intelligence and Analytics in Surgery Market Report Attributes
Report Attribute	Details
Base Year:	2023
Artificial Intelligence and Analytics in Surgery Market Size in 2023:	USD 187 Million
Forecast Period:	2024 - 2032
2032 Value Projection:	USD 1.5 Billion
Historical Data for:	2021 – 2023
No. of Pages:	152
Tables, Charts & Figures:	268
Segments covered:	Component, Technology, Application, End-use, and Region
Growth Drivers:	Advancements in AI technology and rising Integration of AI in surgical procedures Improved imaging and diagnostic tools Supportive regulatory frameworks and guidelines
Pitfalls & Challenges:	High cost of installation Data privacy and security concerns

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Artificial intelligence (AI) and analytics in surgery refer to the use of advanced technologies, such as machine learning, computer vision in healthcare, and data analytics, to improve various aspects of surgical care. This includes pre-operative planning, intra-operative decision-making, and post-operative monitoring and analysis.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Artificial intelligence and analytics in surgery industry size was valued at USD 187 million in 2023 and will grow at 26.5% CAGR between 2024 and 2032, driven by advancements in robotic technology and growing healthcare investments.

The orthopedic surgeries segment will record 26.1% CAGR from 2024 to 2032, primarily due to high complexity of orthopedic procedures and high adoption of technological advancements.

North America artificial intelligence and analytics in surgery industry will achieve USD 821.3 million by 2032, owing to the advanced healthcare infrastructure and substantial investments in medical technology across the region.

Prominent companies including Activ Surgical, Inc., Brainomix Ltd, Caresyntax, Inc., ExplORer Surgical Corp., Holo Surgical Inc., LeanTaaS Inc., Medtronic Plc, Proximie, Theator Inc., and Zimmer Biomet Holdings, Inc., are operating in the artificial intelligence and analytics in surgery industry.