Fr. Aug 16th, 2024

Global AI in operating room market is projected to witness a CAGR of 30.44% during the forecast period 2024–2031, growing from USD 405.7 million in 2023 to USD 3400.1 million in 2031. The global AI in operating room market is shaped by a combination of key factors, including advancements in technology, increasing product adoption in hospitals, rising need for improving patient outcomes and surgical capabilities, growing demand for surgical support software, and enhancing requirements to optimize operating room scheduling. Technological advancements have improved AI platform’s capability, enabling them to offer more accurate support for complex surgical procedures. As a result, hospitals are incorporating AI even more to improve surgical efficiency, thereby boosting the growth of global AI in operating room market.

The goal of improving patient outcomes is at the core of integrating AI into surgical contexts. Artificial intelligence (AI) systems provide real-time guidance to surgeons through the analysis of large data sets. This can reduce surgical errors and shorten recovery time, thereby contributing significantly to improving the standard and security of patient care during operations.

Furthermore, there is a greater need for surgical aid software in operating rooms, which is the primary cause for the increase in the use of AI in operating rooms. This software improves the surgical process by assisting surgeons during all stages of the procedure, from preoperative planning to intraoperative decision-making.

The need for efficiently scheduling operating rooms is another crucial component. AI reduces waiting times and maximizes operating room usage by accurately and effectively estimating surgery durations. Medical facilities become cost-efficient because of this optimization, which also enhances patient care, ultimately driving the global AI in operating room market.

For instance, in September 2023, Baptist Health South Florida and Fujitsu announced the introduction of the Surgical Capacity Optimization tool, which will revolutionize operating room scheduling and improve utilization rates as well as the financial stability of the surgical specialty. Over the course of three months, recent experiments using this approach increased the number of prime-time minutes available by 37%.

Technological Advancements Fueling the Market

The global AI in operating room market is expanding at a rapid pace, mostly due to advancements in technology. AI is developing at a rapid pace, providing better data processing, real-time decision support, and surgical accuracy. These improvements enable surgeons to perform complex procedures more precisely and safely, further enhancing patient outcomes. AI technologies also facilitate better scheduling and resource allocation in operating rooms, which results in more productive workflows and reduced surgical wait times. Surgical environments are seeing a significant increase in patient care and operational efficiency because of cutting-edge AI, which, in turn, is driving the growth of the global AI in operating room market.

The medical device company Invenio Imaging, for instance, revealed in September 2023 that it is creating a technology that will allow surgeons to assess tissue biopsies in the operating room as soon as samples are taken. This technology will provide AI-accelerated insights in just three minutes, whereas traditionally they would take weeks to obtain from a pathology lab.

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Increased Adoption by Hospitals

The expanding use of AI-based gadgets in numerous hospitals is primarily responsible for the notable growth of the global AI in operating room market. This broad acceptance is a symptom of the healthcare industry’s growing recognition of the benefits offered by AI technology, including increased surgical accuracy, enhanced patient safety, and better operation outcomes. The benefits of real-time data analysis, automated surveillance, and forward-looking analytics, which all promote better strategic decision-making and expedite surgical procedures, are enjoyed by hospitals that integrate AI equipment. This growing dependence on AI not only emphasizes its vital role in improving surgical care but also propels the expansion of the global AI in operating room market by demonstrating the tangible advantages AI brings to the operating room.

For instance, the United States Brigham & Women’s Faulkner Hospital in Massachusetts revealed in January 2024 that it has installed new AI technology in its operating room, which will record every step taken during surgery. Despite opposition from certain medical professionals, the purpose of this so-called OR Black Box is to discover how surgical teams may increase their efficiency and safety protocols.

Growing Demand for Surgical Support Software

The growing demand for surgical support software is a major factor driving the growth of the global AI in operating room market. The software’s capability to greatly increase surgical treatments’ accuracy, effectiveness, and safety is the reason for their rising demand. AI-equipped software like this offers vital help by analyzing data in real-time, aiding in decision-making and continuously monitoring patients — all crucial components for managing intricate surgical procedures. These AI-powered instruments provide a wide range of assistance to surgeons and healthcare teams, aiding in preoperative planning, guiding during surgery, and postoperative care. The global AI in operating room market is growing significantly because of the increasing usage of AI-enabled technologies as a means of improving patient care and streamlining surgical operations.

For instance, ORtelligence, a healthcare technology business that develops and releases software to guarantee that surgical teams have the necessary knowledge, tools, and assistance for the best possible patient outcomes, released its newest innovation, Rep+TM, in October 2023. Rep+ is a Software-as-a-Service (SaaS), AI powered surgical assistance software tool that aims to improve patient care and revolutionize the surgical process by supporting a medical professional’s efforts to provide training, support, and efficiency for surgical teams.

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AI Tools Highly Efficient in Cancer Surgery

AI driven technologies are revolutionizing the field of cancer surgery and are a major factor in the growth of the global AI in operating room market. These instruments provide unmatched medical picture analysis with sophisticated algorithms, making it possible to identify malignant areas and margins with greater accuracy. They provide surgeons with data-driven, actionable insights that are essential for performing surgeries with the utmost precision. In oncology, where the objective is to eradicate cancerous cells without endangering the surrounding healthy tissues, precision is particularly important. AI is becoming widely used in cancer treatment facilities around the world due to its ability to increase surgical precision, expedite operations, and reduce the risk of problems after surgery.

For instance, in September 2023, the UNC Department of Surgery, the Joint UNC-NCSU Department of Biomedical Engineering, and the UNC Lineberger Comprehensive Cancer Centre established a new clinical and research partnership. Through this partnership, an AI model was developed that can determine whether cancerous tissue has been completely removed from the body during breast cancer surgery. The Annals of Surgical Oncology reported their findings.

North America Dominates the Market

Due to several important criteria, North America now dominates the global AI in operating room market. The area is distinguished by its cutting-edge healthcare system and the presence of top IT and healthcare firms at the forefront of artificial intelligence innovation. The quick adoption of cutting-edge technologies by North American healthcare professionals has made it easier to quickly integrate AI into surgical settings. Significant expenditures in healthcare technology and regulations that support the creation of digital health solutions also benefit the area. These elements foster the perfect environment for the development and spread of AI technologies, making North America a major player in this area.

For instance, in November 2023, McLaren Greater Lansing, a division of McLaren Health Care, made history by being the first hospital in the Midwest of the United States to use cutting-edge AI technology in vascular surgery for the repair of aneurysms. For planning an operation and navigating the complexity of a patient’s vascular system, surgeons and clinicians can construct a detailed 3D map tailored to each patient’s unique anatomy using the AI-equipped Cydar Maps surgical platform.

Future Market Scenario (2024–2031F)

· As AI technologies are being integrated into various surgical processes and operating room equipment, the global AI in operating room market is anticipated to experience significant growth. A wide range of surgeries, including minimally invasive procedures, intricate surgical interventions, and customised surgery planning, will be covered by the diversification of AI applications.

· The ability of AI to improve surgical outcomes, shorten operating times, and eliminate human error is being recognised by healthcare institutions across the globe. The use of AI technologies in operating rooms will increase because of this acknowledgment.

· To guarantee patient safety and data security, regulatory organisations will improve and update policies and standards as AI technology proliferate in operating rooms.

· To construct increasingly complex AI solutions suited to surgical demands, biomedical engineers, healthcare specialists, and AI developers will collaborate more in the future resulting in the growth of global AI in operating room market.

Report Scope

“AI in operating room Market Assessment, Opportunities, and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global AI in operating room market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031F. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

The Artificial Intelligence in Operating Room Market has undergone substantial growth, reaching a current estimated valuation of [insert current market size]. This remarkable figure signifies the increasing integration of AI technologies in surgical settings, enhancing precision, efficiency, and patient outcomes.

Key Growth Drivers:

1. Enhanced Surgical Precision:

AI technologies, including machine learning algorithms and computer vision, are contributing to enhanced surgical precision. Surgeons can benefit from real-time data analysis, image recognition, and predictive modeling, leading to more accurate procedures and reduced risks.

2. Efficiency in Workflow:

The implementation of AI in the operating room streamlines workflow processes. Automated tools assist in preoperative planning, intraoperative decision-making, and postoperative analysis, optimizing the overall efficiency of surgical procedures.

3. Advancements in Robotics:

AI-powered robotic systems are playing a pivotal role in surgery. Robots equipped with AI capabilities assist surgeons in performing complex and minimally invasive procedures, leading to quicker recovery times and improved patient experiences.

Market Segmentation:

1. Surgery Type:

The AI in the operating room market is segmented based on surgery type, with applications ranging from orthopedic and cardiac surgeries to neurosurgery and gynecology. Each specialty benefits from AI-driven tools designed to address specific challenges and requirements.

2. Component Type:

Components of AI systems, including hardware and software, contribute to the overall market dynamics. The demand for advanced AI algorithms, data analytics tools, and integrated hardware solutions is driving market growth.

3. End-User:

Hospitals, ambulatory surgical centers, and specialty clinics form the diverse end-user landscape. The adoption of AI technologies varies across these settings, influenced by factors such as infrastructure, budget considerations, and the volume and complexity of surgeries performed.

Regional Insights:

While North America currently leads in terms of AI adoption in operating rooms, other regions, including Europe and Asia-Pacific, are witnessing rapid growth. Regional variations are influenced by factors such as regulatory frameworks, healthcare infrastructure, and the willingness to embrace innovative technologies.

Challenges and Opportunities:

Despite the positive trajectory, challenges such as the high initial costs of AI implementation, data privacy concerns, and the need for standardized regulations exist. These challenges, however, present opportunities for collaboration, research, and the development of more accessible AI solutions.

Future Outlook:

The future of AI in the operating room is promising, with ongoing research and development contributing to the evolution of intelligent surgical systems. As AI technologies continue to mature, the integration of machine learning, robotics, and data analytics is expected to redefine the landscape of surgical practices globally.

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