Companies Dominating the AI in Medical Devices Landscape
Leading organizations in the AI in medical devices market, including Philips, GE Healthcare, and Siemens, are readily dominating with vertically integrated ecosystems that combine cloud, hardware, and software platforms. Besides, U.S. companies such as Viz.ai and Nuance are leading in niche AI applications that include stroke detection and clinical documentation. Meanwhile, tactical acquisitions are also increasing, for example, Medtronic purchased Mazor Robotics, an AI-specific spine surgery organization, at USD 1.2 billion which has exemplified consolidation. Therefore, all these organizational strategies have been successful and have readily uplifted the market in the global arena.
Here is a list of key players operating in the global market:
|
Company Name (Country) |
Industry Focus |
Market Share (2024) |
|---|---|---|
|
Siemens Healthineers (Germany) |
AI-powered imaging (MRI/CT) & lab diagnostics |
12.7% |
|
GE Healthcare (U.S.) |
AI radiology suites (Critical Care Suite) & predictive analytics |
10.9% |
|
Medtronic (Ireland/U.S.) |
AI-driven surgical robots (Hugo RAS) & glucose monitoring |
9.3% |
|
Philips (Netherlands) |
AI telehealth platforms (IntelliSpace) & wearable ECG |
8.8% |
|
IBM Watson Health (U.S.) |
Oncology AI (Watson for Oncology) & clinical trial optimization |
7.6% |
|
Nuance (U.S.) |
AI clinical documentation (DAX Copilot) & voice recognition |
xx% |
|
Intuitive Surgical (U.S.) |
AI-assisted robotic surgery (da Vinci 5 with AI guidance) |
xx% |
|
Butterfly Network (U.S.) |
Portable AI ultrasound (iQ+ with AI diagnostics) |
xx% |
|
Viz.ai (U.S.) |
Stroke detection AI (Viz LVO) & care coordination |
xx% |
|
Caption Health (U.S.) |
AI-guided cardiac ultrasound (Caption AI) |
xx% |
|
DeepMind Health (UK) |
AI for ophthalmology (retinal disease detection) |
xx% |
|
Nanox (Israel) |
AI-based medical imaging (HealthCCSng for early detection) |
xx% |
|
Lunit (South Korea) |
AI-powered cancer screening (Lunit INSIGHT for X-rays) |
xx% |
|
Qure.ai (India) |
AI radiology tools (qER for emergency care) |
xx% |
|
I-MED (Australia) |
AI diagnostic imaging (I-MED Radiology Network) |
xx% |
