PUBLISHER: The Business Research Company | PRODUCT CODE: 1877519
PUBLISHER: The Business Research Company | PRODUCT CODE: 1877519
Artificial intelligence-enhanced hospital equipment utilization involves incorporating artificial intelligence technologies into medical devices and hospital systems to improve their efficiency and performance. It allows real-time monitoring, predictive maintenance, and intelligent decision-making to ensure optimal equipment usage and minimize downtime. Through the use of AI, hospitals can enhance patient care, improve operational workflows, and lower overall operational costs.
The primary components of artificial intelligence-enhanced hospital equipment utilization include software, hardware, and services. Software encompasses AI-based platforms and applications developed for automated monitoring, analysis, and optimization of hospital equipment performance. The deployment modes include on-premises and cloud-based systems, while the main application areas comprise asset tracking, predictive maintenance, workflow optimization, inventory management, and patient flow management. The major end-users include hospitals, clinics, ambulatory surgical centers, and diagnostic centers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.
The artificial intelligence-enhanced hospital equipment utilization market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence-enhanced hospital equipment utilization market statistics, including the artificial intelligence-enhanced hospital equipment utilization industry global market size, regional shares, competitors with the artificial intelligence-enhanced hospital equipment utilization market share, detailed artificial intelligence-enhanced hospital equipment utilization market segments, market trends, and opportunities, and any further data you may need to thrive in the artificial intelligence-enhanced hospital equipment utilization industry. This artificial intelligence-enhanced hospital equipment utilization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The artificial intelligence-enhanced hospital equipment utilization market size has grown exponentially in recent years. It will grow from $3.01 billion in 2024 to $3.84 billion in 2025 at a compound annual growth rate (CAGR) of 27.5%. The growth during the historic period can be attributed to the rising need for efficient hospital operations, increasing adoption of artificial intelligence in healthcare, growing healthcare expenditure, expansion of hospital infrastructure, and a stronger emphasis on cost reduction.
The artificial intelligence-enhanced hospital equipment utilization market size is expected to see exponential growth in the next few years. It will grow to $10.03 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to the increasing demand for predictive analytics in equipment utilization, greater integration of IoT and AI solutions, rising emphasis on reducing operational costs, expansion of telemedicine and remote monitoring, and growing focus on patient-centric care. Key trends expected during the forecast period include advancements in AI algorithms, innovations in smart hospital equipment, progress in interoperability and connectivity, ongoing research and development in predictive maintenance, and improvements in automation and robotics integration.
The increasing digitalization is anticipated to drive the growth of the artificial intelligence-enhanced hospital equipment utilization market in the coming years. Digitalization involves the integration of digital technologies into operations, services, and daily processes to improve efficiency and create value. The rise in digitalization is largely driven by the need for enhanced operational efficiency, as it streamlines workflows and strengthens data-driven decision-making. Artificial intelligence-enhanced hospital equipment utilization promotes digitalization through the use of intelligent analytics and real-time monitoring systems that optimize equipment performance, boost hospital efficiency, and improve data connectivity across healthcare networks. For example, in May 2025, the Centers for Disease Control and Prevention (CDC), a US-based federal agency, reported that approximately 92% of state public health laboratories had implemented Electronic Test Orders and Results (ETOR) systems with at least one healthcare partner for a specific laboratory program, representing an increase from 74% in early 2023. Hence, the growing digitalization is contributing to the expansion of the artificial intelligence-enhanced hospital equipment utilization market.
Leading companies in the artificial intelligence-enhanced hospital equipment utilization market are focusing on developing advanced medical technologies, such as AI-powered imaging systems, to enhance their competitive position. AI-powered imaging systems are medical imaging technologies that use artificial intelligence to improve image interpretation, increase diagnostic precision, and accelerate the identification of abnormalities. For example, in April 2024, GE HealthCare, a US-based medical technology company, introduced Caption AI on its Vscan Air SL wireless handheld ultrasound system. This AI-based solution assists clinicians in acquiring high-quality cardiac images with improved accuracy and efficiency. By offering real-time guidance and automated measurements, it allows even less-experienced users to conduct reliable cardiac evaluations. This innovation enhances diagnostic capabilities and promotes more effective use of ultrasound technology in healthcare settings.
In September 2024, Stryker Corporation, a US-based manufacturing company, acquired Care.ai for an undisclosed amount. This acquisition enables Stryker Corporation to strengthen its healthcare IT and connected medical device portfolio by incorporating AI-assisted virtual care workflows and smart room technology aimed at improving patient care and supporting healthcare providers. Care.ai is a US-based company specializing in artificial intelligence-enhanced hospital equipment utilization platforms.
Major players in the artificial intelligence-enhanced hospital equipment utilization market are Butterfly Network Inc., International Business Machines Corporation, Oracle Corporation, Medtronic Plc, Sectra AB, Siemens Healthineers AG, Fujifilm Holdings Corporation, Stryker Corporation, Philips Healthcare, GE Healthcare, Securitas Healthcare, Intuitive Surgical Inc., Hologic Inc., Canon Medical Systems Corporation, Carestream Health Inc., Qventus Inc., Agfa HealthCare NV, TRIMEDX Inc., Nuance Communications Inc., Sonitor Technologies AS, and CenTrak Inc.
North America was the largest region in the artificial intelligence-enhanced hospital equipment utilization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence-enhanced hospital equipment utilization report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the artificial intelligence-enhanced hospital equipment utilization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The artificial intelligence-enhanced hospital equipment utilization market consists of revenues earned by entities by providing services such as installation and integration, consulting and training, data analytics and reporting, software updates and upgrades, technical support and troubleshooting. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence-enhanced hospital equipment utilization market also includes sales of patient monitoring devices, imaging equipment, surgical robots, infusion pumps, ventilators, diagnostic analyzers, wearable health devices, smart beds, laboratory instruments, automated medication dispensers, vital signs monitors, and point-of-care testing devices. 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.
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.
Artificial Intelligence-Enhanced Hospital Equipment Utilization Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial intelligence-enhanced hospital equipment utilization market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence-enhanced hospital equipment utilization ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The artificial intelligence-enhanced hospital equipment utilization market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.