Medical AI Market Growing Trends and Demands Analysis 2023-2030 | Activ Surgical, Inc., Atomwise

Published October 10, 2023

The Medical AI Market, focused on developing, promoting, and selling artificial intelligence software tailored for healthcare, is poised for substantial growth. Between 2023 and 2030, it’s projected to expand at a remarkable CAGR of 12.8%, ultimately reaching a market value of USD 15.2 billion. This surge reflects the increasing integration of AI-driven solutions in medical diagnostics and treatment.

Market Overview:
The Medical AI market is booming, driven by the integration of artificial intelligence in healthcare. AI is being used for diagnosis, treatment recommendation, drug discovery, and personalized medicine. It improves the accuracy and efficiency of medical procedures, ultimately enhancing patient outcomes. With the continuous advancements in AI algorithms and the increasing availability of healthcare data, the market for medical AI is poised for substantial growth in the coming years.

The Top Players in Medical AI market:
Activ Surgical, Inc., Atomwise, Inc., Babylon Health, BenevolentAI, Butterfly Network, Inc., Freenome, General Electric Company, International Business Machines Corporation (IBM), Koninklijke Philips N.V., Nuance Communications, Inc., Nvidia Corporation, Olive, Siemens Healthineers AG,, Inc., Zebra Medical Vision Ltd & Others.

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Medical AI by Segmentation:

By Type:

AI-Integrated Hardware



By Application:

Medical Imaging and Diagnosis

Data Management


Remote Monitoring and Lifestyle Management

Robot-Assisted Surgery

Drug Discover and Clinical Trials

Virtual Assistance


Reasons to Purchase This Report:
The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the Emergency Medical Service (EMS) Software market covering all its essential aspects.

Geographically analysis:
The Medical AI Market is essential worldwide, with North America, Europe, and Asia-Pacific as key regions. North America, including the United States, leads in medical AI research and healthcare applications. Europe emphasizes ethical AI and patient data protection. Asia-Pacific, including countries like Japan and India, is growing as medical AI improves diagnostics and patient care.

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Medical AI Market Dynamics:

The Medical AI Market is experiencing rapid growth due to the integration of artificial intelligence in healthcare diagnostics, treatment planning, and patient care. Opportunities in this market revolve around developing AI-powered medical imaging solutions, predictive analytics, and personalized medicine applications. The adoption of AI in healthcare is poised to revolutionize medical practices, improve patient outcomes, and drive innovation in the medical field.

In the Medical AI market, challenges revolve around validating and integrating AI-driven diagnostic and treatment solutions into healthcare systems. Ensuring patient data privacy, regulatory compliance, and the ability to work with diverse medical data sources are significant hurdles. Building trust among healthcare professionals and patients regarding AI-driven healthcare is an ongoing challenge.

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Research methodologies:
The research approach for the Medical AI Market report integrated both primary and secondary research methods. Primary research efforts included interviews and surveys with medical AI experts, healthcare professionals, and users of medical AI solutions. Secondary research involved data extraction from existing market reports, medical journals, and credible sources in the field of healthcare technology, ensuring a well-rounded analysis of the medical AI market.

Following Chapter Covered in the Medical AI Market Research:
Chapter 1-
Provides an overview of Medical AI market, containing global revenue and CAGR. The forecast and analysis of market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of Medical AI. In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in Medical AI industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of Medical AI in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of Medical AI, by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire Medical AI market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the Medical AI market by type and application.

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