Towards Healthcare
AI in Medical Devices Market to Grow at 44.53% CAGR till 2034

AI in Medical Devices Market Expands Rapidly with Advanced Tech

Projections indicate that, AI in medical devices industry is projected to rise from USD 22.29 billion in 2024 to USD 886.39 billion by 2034, reflecting a CAGR of 44.53% over the next decade. The global focus on data analytics is fueling the wider adoption of AI solutions around the world in the medical devices area. North America is driven by the extensive requirement for robust diagnostic solutions.

Content

  • Insight Code: 6259
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: October 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

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FAQ's

The AI in medical devices market holds a valuation of USD 32.21 billion as of 2025, and will expand to USD 886.39 billion by 2034, achieving a CAGR of 44.53% between 2024 and 2034.

North America is currently leading the AI in medical devices market due to ongoing greater healthcare expenditure.

The AI in medical devices market includes 6 segments such as by component, by technology, by device type, by application, by functionality, and by region.

Some key players include Siemens Healthineers, GE HealthCare, Philips Healthcare, Medtronic plc, and Canon Medical Systems Corporation.

AI will lead to more reliable diagnoses, lower screening expenses, improved health care access, and minimized physician workload.

US FDA, TGA, NIH, GOV.UK, CDSCO, SUGAM, ICMR, IDSP, IHIP, CDC, PMC.
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