AI In Medical Devices Market Report 2026

AI In Medical Devices Market Overview

• AI In Medical Devices market size has reached to $12.38 billion in 2025 • Expected to grow to $42.43 billion in 2030 at a compound annual growth rate (CAGR) of 27.3% • Growth Driver: Growing Demand For Personalized Medicine Propels Growth Of AI In Medical Devices Market • Market Trend: Medtronic And Nvidia Forge Strategic Partnership To Advance AI In Medical Devices • North America was the largest region in 2025.

What Is Covered Under AI In Medical Devices Market?

Artificial intelligence (AI) in medical devices refers to the use of advanced algorithms, machine learning techniques, and other AI-related technologies to enhance the performance and capabilities of medical devices. AI in medical devices improves diagnostic accuracy, assists with surgical procedures, predicts patient outcomes, and personalizes treatment plans. The main types of deployments in AI in medical devices are cloud and on-premise. Cloud refers to a remote server network that allows data storage, processing, and management over the Internet instead of a local server or personal computer. It offers hardware, software, and services, and it includes various technologies such as context awareness, deep learning, machine learning, natural language processing, predictive analytics, and others. These are used for several applications, including patient care, treatment, diagnosis and monitoring, and others, and the main end-users are hospitals and healthcare providers, patients, pharmaceutical and biotechnology companies, and healthcare payers.

What Is The AI In Medical Devices Market Growth Forecast?

The AI in medical devices market size is expected to see exponential growth in the next few years. It will grow to $42.43 billion in 2030 at a compound annual growth rate (CAGR) of 27.3%. The growth in the forecast period can be attributed to integration of AI in clinical workflows, growing investment in smart healthcare infrastructure, rising demand for personalized treatment, expansion of remote patient monitoring, increasing regulatory approvals for AI devices. Major trends in the forecast period include ai-enabled diagnostic devices, intelligent surgical assistance systems, predictive patient monitoring devices, smart wearable medical devices, clinical decision support integration.

Global AI In Medical Devices Market Segmentation

1) By Offerings: Hardware, Software, Services 2) By Technology: Context Awareness, Deep learning, Machine learning, Natural Language Processing, Predictive Analytics, Other Technologies 3) By Deployment: Cloud, On-Premise 4) By Application: Patient care, Treatment, Diagnosis And Monitoring, Other Applications 5) By End-User: Hospitals And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare Payers, Other End Users Subsegments: 1) By Hardware: Imaging Devices, Wearable Devices, Surgical Robots, Monitoring Devices, Diagnostic Equipment 2) By Software: Imaging Software, Data Analytics Software, Clinical Decision Support Software, Patient Management Software, Workflow Automation Software 3) By Services: Consulting Services, Maintenance And Support Services, Training Services, Integration Services, Managed Services

What Is The Driver Of The AI In Medical Devices Market?

The growing demand for personalized medicine is expected to propel the growth of the AI in medical devices market going forward. Personalized medicine refers to a customized healthcare approach that takes into account individual patient traits, including genetics, environment, and lifestyle, to enhance treatment effectiveness and outcomes. The increasing demand for personalized medicine is driven by several factors, including advancements in genomics, patient empowerment, and improved treatment efficacy. AI analyzes extensive patient data, including genetic information, medical histories, and lifestyle factors, to create a comprehensive understanding of individual profiles that facilitates tailored treatment plans. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, the FDA approved 16 novel personalized therapies for patients with rare diseases in 2023, compared to six in 2022. Therefore, the growing demand for personalized medicine drives the growth of AI in medical devices industry.

Key Players In The Global AI In Medical Devices Market

Major companies operating in the AI in medical devices market are General Electric Company; Medtronic plc; Siemens Healthineers AG; Nvidia Corporation; Intel Corporation; International Business Machines Corporation; Koninklijke Philips N.V.; Enlitic Inc.; Cloudmedx Inc.; Oncora Medical Inc.; Path AI Inc.; Aidoc Medical Ltd.; Accuray Incorporated; AliveCor; Arterys Inc.; Augmedics Inc.; Brainomix Ltd.; Butterfly Network Inc.; Canon Medical Systems Corporation; CureMetrix Inc.

Global AI In Medical Devices Market Trends and Insights

Major companies operating in the AI in medical devices market are focused on adopting strategic collaborations to accelerate the development of AI in the healthcare system and gain a competitive edge in the market. These collaborations aim to harness the power of AI to improve drug discovery, design, and development, as well as to enhance medical device manufacturing efficiency and reduce risk through machine learning. For instance, in March 2023, Medtronic, an Ireland-based medical device company, partnered with NVIDIA Corporation, a US-based software company, to build an AI platform for medical devices. Through this partnership, the companies will incorporate NVIDIA healthcare and edge AI technology into the Cosmo Pharmaceuticals-developed and manufactured Medtronic GI Genius intelligent endoscopy module. The first AI-assisted colonoscopy tool approved by the FDA, GI Genius, enables doctors to find polyps that may eventually develop into colorectal cancer. Thus, this strategic collaboration aims to accelerate the development of AI in the healthcare system and bring new AI-based solutions into patient care.

What Are Latest Mergers And Acquisitions In The AI In Medical Devices Market?

In February 2023, GE HealthCare Technologies Inc., a US-based healthcare technology and diagnostics company, acquired Caption Health Inc., for $3 billion. With the acquisition, GE HealthCare Technologies Inc. aimed to bring Caption AI to more clinicians and expand its use cases beyond cardiology to other medical specialties, such as primary care, emergency medicine, and obstetrics. Caption Health Inc. is a US-based medical technology company that produces artificial intelligence (AI) medical products.

Regional Insights

North America was the largest region in the AI in medical devices market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the AI In Medical Devices Market?

The AI in medical devices market consists of revenues earned by entities by providing AI in medical devices such as diagnosis and treatment planning, remote monitoring, and robotic surgery. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI in medical devices market also includes sales of diagnostic imaging systems, wearable devices, electronic health records (EHRs), robotic surgical systems, and AI monitoring devices, which are used in providing AI in medical devices services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the AI In Medical Devices Market Report 2026?

The ai in medical devices market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the ai in medical devices industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.