Artificial Intelligence (AI) in Neurology Operating Room Market

Market Overview:

The global artificial intelligence (AI) in neurology operating room market size reached US$ 45.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,074.7 Million by 2032, exhibiting a growth rate (CAGR) of 41% during 2024-2032. 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.

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:

IMARC Group 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. Our report has categorized the market based on offering, technology, indication, application, and end user.

Offering Insights:

• Hardware
• Software-as-a-Service (SaaS)
   

The report has provided a detailed breakup and analysis of the artificial intelligence (AI) in neurology operating room market based on the offering. This includes hardware and software-as-a-service (SaaS). According to the report, software-as-a-service (SaaS) represented the largest segment.

Technology Insights:

• Machine Learning (ML) and Deep Learning
• Natural Language Processing (NLP)
• Others
   

A detailed breakup and analysis of the artificial intelligence (AI) in neurology operating room market based on technology has also been provided in the report. This includes machine learning (ML) and deep learning, natural language processing (NLP), and others. According to the report, machine learning (ML) and deep learning accounted for the largest market share.

Indication Insights:

• Neurotechnology
  • Neuromonitoring
  • Neuromodulation
  • Neurofeedback
  • Neuro-Pharmacology
  • Other Neurotechnology Indications
• Neurosurgery
  • Functional Neurosurgery
  • Other Neurosurgery
     

A detailed breakup and analysis of the artificial intelligence (AI) in neurology operating room market based on indication has also been provided in the report. This includes neurotechnology (neuromonitoring, neuromodulation, neurofeedback, neuro-pharmacology, and other neurotechnology indications) and neurosurgery (functional neurosurgery and other neurosurgery). According to the report, neurotechnology accounted for the largest market share.

Application Insights:

• Training
• Diagnosis
• Surgical Planning and Rehabilitation
  • Pre-Operative
  • Intra-Operative
  • Post-Operative
• Outcomes and Risk Analysis
• Integration and Connectivity
• Others
   

A detailed breakup and analysis of the artificial intelligence (AI) in neurology operating room market based on application has also been provided in the report. This includes training, diagnosis, surgical planning and rehabilitation (pre-operative, intra-operative, and post-operative), outcomes and risk analysis, integration and connectivity, and others. According to the report, diagnosis accounted for the largest market share.

End User Insights:

• Hospitals
• Ambulatory Surgical Centers
• Others
   

A detailed breakup and analysis of the artificial intelligence (AI) in neurology operating room market based on end user has also been provided in the report. This includes hospitals, ambulatory surgical centers, and others. According to the report, hospitals accounted for the largest market share.

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
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the 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.

Report Coverage:

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?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the artificial intelligence (AI) in neurology operating room market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global artificial intelligence (AI) in neurology operating room market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the artificial intelligence (AI) in neurology operating room industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.