Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "AI in Operating Room Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017 - 2027 Segmented By Component, By Technology, By Indication, By Application, By End User, By Company, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global AI in the operating room market is anticipated to observe impressive growth during the forecast period 2023-2027
Advanced technology, the increasing prevalence of fatal chronic diseases, and a rise in the number of surgeries conducted are driving the growth of the global operating room market. The operating room serves as a sterile and secure environment for performing surgical interventions and procedures to treat patients with various physiological and pathological conditions.
Factors such as rising investments by governments, initiatives by key players, a growing geriatric population, and a preference for minimally invasive surgeries contribute to the market's expansion. Additionally, the presence of better healthcare services, increasing mergers, partnerships, and acquisitions among market participants further fuel the market's growth.
Increasing the Fatal Chronic Diseases and Rise in Geriatric Population
Rising occurrences of fatal chronic diseases such as cancer, diabetes, heart strokes, and others are driving the growth of the market. Nowadays, people are becoming prone to various diseases because of their unhealthy choices, consumption of alcohol, smoking, and sedentary lifestyles, which, in turn, bolster the growth of the market.
The rising number of cases of surgeries is surging the market growth globally. Also, the elderly generation is prone to these diseases, which bolsters the growth of the market. According to WHO, Cardiovascular diseases (CVDs) are the foremost cause of death worldwide.
Rising Demand for Technological Advanced Solutions
Over the last few years, the dependency on conventional and outdated procedures has been reduced, as these methods had medical errors, high administration costs, and readmission rates, due to which the healthcare costs were high. Rapid advancements in robotics and medical visualization technologies in the healthcare sector are propelling the growth of the market.
There is a rise in the adoption of AI-enabled technologies or surgeries over conventional methods as they are benefiting the healthcare sector. This is attributed to the benefits such as they are minimally invasive, quick recovery, quite effective, safe to use, smaller scars, and reduced inflammation. Thus, these factors are impelling the growth of the market.
A study involving 379 orthopedic patients observed that the AI-assisted robotic method resulted in five times fewer complications than operating alone.
Growing Government Initiatives Foster the Market Growth
Governments across the globe are taking several initiatives to modify the healthcare infrastructure, such as rising investments and growing awareness regarding technologies among professionals, bolstering the growth of the market. For instance, the US Federal Government has recognized the importance of sustained and adequate funding for healthcare infrastructure development.
Therefore, the bipartisan PREVENT Pandemics Act of 2022 offers complete financing for public health. Also, growing favorable reimbursement policies and rising investments by key market players are augmenting the growth of the market.
Regional Insights
United States is expected to be a lucrative market in the forecast period due to the rising number of fatal chronic diseases in the country.
Competitive Landscape
Detailed analysis of the major companies present in AI in Operating Room Market
- Activ Surgical, Inc.
- Brainomix Ltd,
- Caresyntax, Inc.
- DeepOR S.A.S
- ExplORer Surgical Corp.
- Holo Surgical Inc.
- LeanTaaS Inc.
- Medtronic Plc
- Proximie, Scalpel Limited
- Theator Inc.
Report Scope:
AI in Operating Room Market, By component:
- hardware
- Software-as-a-Service (SaaS)
AI in Operating Room Market, By Technology:
- Machine Learning
- Deep Learning
- Natural Language Processing (NLP)
- Others
AI in Operating Room Market, By indication:
- Cardiology
- Orthopedics
- Urology
- Gastroenterology
- Neurology
- Others
AI in Operating Room Market, By application:
- Training, Diagnosis
- Surgical Planning & Rehabilitation
- Outcomes & Risk Analysis
- Integration & Connectivity
- Others
AI in Operating Room Market, By End User:
- Hospitals
- Ambulatory Surgery Centers
- Others
AI in Operating Room Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/2a80og
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