The global artificial intelligence (AI) in neurology operating room market size reached US$ 45.1 Million in 2023. Looking forward, the market is projected to reach US$ 1.07 billion by 2032, exhibiting a growth rate (CAGR) of 42.24% during 2023-2032. The burgeoning healthcare industry, increasing utilization of AI in neurology operating rooms to predict cardiac and wound complications, and the growing demand for AI-based robotic surgeries represent some of the key factors driving the market.
Artificial intelligence (AI) is the simulation of human intelligence processes through computer programs and machines. It comprises expert systems, natural language processing, speech recognition, and machine vision. It relies on a foundation of enhanced hardware and software for writing and training machine learning (ML) algorithms. It is employed to reduce errors, perform risky tasks and automate various tasks without any breaks.
It assists in collecting large amounts of labeled training data, analyzing the data for correlations and patterns, and using these patterns to make predictions about future states. It also aids in creating a specific task by acquiring data and converting the data into actionable information. At present, there is a rise in the demand for AI in the neurology operating room to enhance the performance of surgeons and reduce errors associated with neurosurgery.
In addition, the growing demand for AI in research centers of neurosurgery to collect, analyze, process, and disseminate data is offering a positive market outlook. Moreover, there is a rise in the employment of AI to diagnose epilepsy and tumor type, glioma, acute ischaemic events, and cerebral aneurysms around the world. This, coupled with the growing awareness among the masses about the benefits of AI-enabled surgeries over conventional surgeries, is positively influencing the market. Apart from this, the escalating demand for AI-based robotic surgeries that are minimally invasive (MI) and result in quick recovery and less blood loss is offering lucrative growth opportunities to industry investors. Additionally, the increasing application of AI to enhance remote surgical capabilities is bolstering the growth of the market.
According to the report, Europe was the largest market for artificial intelligence (AI) in neurology operating room. Some of the factors driving the Europe artificial intelligence (AI) in neurology operating room market included the implementation of AI in offering tailored precision medicine, adoption of information communication technology in the healthcare sector, the growing utilization of AI-enabled algorithms in detecting malignant tumors, etc.
Artificial intelligence (AI) is the simulation of human intelligence processes through computer programs and machines. It comprises expert systems, natural language processing, speech recognition, and machine vision. It relies on a foundation of enhanced hardware and software for writing and training machine learning (ML) algorithms. It is employed to reduce errors, perform risky tasks and automate various tasks without any breaks.
It assists in collecting large amounts of labeled training data, analyzing the data for correlations and patterns, and using these patterns to make predictions about future states. It also aids in creating a specific task by acquiring data and converting the data into actionable information. At present, there is a rise in the demand for AI in the neurology operating room to enhance the performance of surgeons and reduce errors associated with neurosurgery.
Artificial Intelligence (AI) in Neurology Operating Room Market Trends
The increasing demand for AI in neurology operating rooms to predict prognosis, identify potential post-operative complications, and track data for better aftercare and recovery represents one of the key factors supporting the market growth. Besides this, there is an increase in the utilization of AI in neurology operating rooms to identify risk factors and predict cardiac and wound complications and mortality among patients going through anterior cervical discectomy and fusion (ACDF) across the globe. This, along with the thriving healthcare industry, is propelling the growth of the market.In addition, the growing demand for AI in research centers of neurosurgery to collect, analyze, process, and disseminate data is offering a positive market outlook. Moreover, there is a rise in the employment of AI to diagnose epilepsy and tumor type, glioma, acute ischaemic events, and cerebral aneurysms around the world. This, coupled with the growing awareness among the masses about the benefits of AI-enabled surgeries over conventional surgeries, is positively influencing the market. Apart from this, the escalating demand for AI-based robotic surgeries that are minimally invasive (MI) and result in quick recovery and less blood loss is offering lucrative growth opportunities to industry investors. Additionally, the increasing application of AI to enhance remote surgical capabilities is bolstering the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global artificial intelligence (AI) in neurology operating room market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on offering, technology, indication, application, and end user.Offering Insights:
- Hardware
- Software-as-a-Service (SaaS)
Technology Insights:
- Machine Learning (ML) and Deep Learning
- Natural Language Processing (NLP)
- Others
Indication Insights:
- Neurotechnology
- Neuromonitoring
- Neuromodulation
- Neurofeedback
- Neuro-Pharmacology
- Other Neurotechnology Indications
- Neurosurgery
- Functional Neurosurgery
- Other Neurosurgery
Application Insights:
- Training
- Diagnosis
- Surgical Planning and Rehabilitation
- Pre-Operative
- Intra-Operative
- Post-Operative
- Outcomes and Risk Analysis
- Integration and Connectivity
- Others
End User Insights:
- Hospitals
- Ambulatory Surgical Centers
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, Europe was the largest market for artificial intelligence (AI) in neurology operating room. Some of the factors driving the Europe artificial intelligence (AI) in neurology operating room market included the implementation of AI in offering tailored precision medicine, adoption of information communication technology in the healthcare sector, the growing utilization of AI-enabled algorithms in detecting malignant tumors, etc.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global artificial intelligence (AI) in neurology operating room market. Detailed profiles of all major companies have also been provided. Some of the companies include Activ Surgical, Caresyntax Corporation, DeepOR SAS, LeanTaaS, Medtronic Plc, Proximie Limited, Scalpel Limited, Surgalign Spine Technologies Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global artificial intelligence (AI) in neurology operating room market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global artificial intelligence (AI) in neurology operating room market?
- What are the key regional markets?
- Which countries represent the most attractive artificial intelligence (AI) in neurology operating room markets?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the indication?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global artificial intelligence (AI) in neurology operating room market?
- Who are the key players/companies in the global artificial intelligence (AI) in neurology operating room market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Artificial Intelligence (AI) in Neurology Operating Room Market
6 Market Breakup by Offering
7 Market Breakup by Technology
8 Market Breakup by Indication
9 Market Breakup by Application
10 Market Breakup by End User
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Activ Surgical
- Caresyntax Corporation
- DeepOR SAS
- LeanTaaS
- Medtronic Plc
- Proximie Limited
- Scalpel Limited
- Surgalign Spine Technologies Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 45.1 Million |
| Forecasted Market Value ( USD | $ 1070 Million |
| Compound Annual Growth Rate | 42.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
