His most famous works are The Book of Healing, a philosophical and scientific encyclopedia, and The Canon of Medicine, a medical encyclopedia which became a standard medical text at many medieval universities and remained in use as late as 1650. In 1973, Avicenna's Canon Of Medicine was reprinted in New York.

In modern Iran, he is considered a national icon, and is often regarded as one of the greatest Persians to have ever lived. A monument was erected outside the Bukhara museum. The Avicenna Mausoleum and Museum in Hamadan was built in 1952. Bu-Ali Sina University in Hamadan (Iran), Avicenna Research Institute in Tehran (Iran), the ibn Sīnā Tajik State Medical University in Dushanbe, Ibn Sina Academy of Medieval Medicine and Sciences at Aligarh, India, Avicenna School in Karachi and Avicenna Medical College in Lahore, Pakistan Ibne Sina Balkh Medical School in his native province of Balkh in Afghanistan, Ibni Sina Faculty Of Medicine of Ankara University Ankara, Turkey, the main classroom building (the Avicenna Building) of the Sharif University of Technology, and Ibn Sina Integrated School in Marawi City (Philippines) are all named in his honour. His portrait hangs in the Hall of the Avicenna Faculty of Medicine in the University of Paris. There is also a crater on the Moon named Avicenna and a plant genus Avicennia.

Avicenna's most important Persian work is the Danishnama-i 'Alai (دانشنامه علائی, "the Book of Knowledge for [Prince] 'Ala ad-Daulah"). Avicenna created new scientific vocabulary that had not previously existed in Persian. The Danishnama covers such topics as logic, metaphysics, music theory and other sciences of his time. It has been translated into English by Parwiz Morewedge in 1977. The book is also important in respect to Persian scientific works.

In 1980, the Soviet Union, which then ruled his birthplace Bukhara, celebrated the thousandth anniversary of Avicenna's birth by circulating various commemorative stamps with artistic illustrations, and by erecting a bust of Avicenna based on anthropological research by Soviet scholars. Near his birthplace in Qishlak Afshona, some 25 km (16 mi) north of Bukhara, a training college for medical staff has been named for him. On the grounds is a museum dedicated to his life, times and work.

The 1982 Soviet film Youth of Genius (Russian: Юность гения, translit. Yunost geniya) by Elyor Ishmukhamedov (ru) recounts Avicenna's younger years. The film is set in Bukhara at the turn of the millennium.

In Louis L'Amour's 1985 historical novel The Walking Drum, Kerbouchard studies and discusses Avicenna's The Canon of Medicine.

In his book The Physician (1988) Noah Gordon tells the story of a young English medical apprentice who disguises himself as a Jew to travel from England to Persia and learn from Avicenna, the great master of his time. The novel was adapted into a feature film, The Physician, in 2013. Avicenna was played by Ben Kingsley.

The Avicenna Prize for Ethics in Science is awarded every two years by UNESCO and rewards individuals and groups in the field of ethics in science. The prize was established in 2003 and named after Avicenna. The aim of the award is to promote ethical reflection on issues raised by advances in science and Technology, and to raise global awareness of the importance of ethics in science.

In March 2008, it was announced that Avicenna's name would be used for new Directories of education institutions for health care professionals, worldwide. The Avicenna Directories will list universities and schools where doctors, public health practitioners, pharmacists and others, are educated. The project team stated "Why Avicenna? Avicenna ... was ... noted for his synthesis of knowledge from both east and west. He has had a lasting influence on the development of Medicine and health sciences. The use of Avicenna's name symbolises the worldwide partnership that is needed for the promotion of health services of high quality."

In June 2009 Iran donated a "Persian Scholars Pavilion" to United Nations Office in Vienna which is placed in the central Memorial Plaza of the Vienna International Center. The "Persian Scholars Pavilion" at United Nations in Vienna, Austria is featuring the statues of four prominent Iranian figures. Highlighting the Iranian architectural features, the pavilion is adorned with Persian art forms and includes the statues of renowned Iranian Scientists Avicenna, Al-Biruni, Zakariya Razi (Rhazes) and Omar Khayyam.

Avicenna's Neoplatonic scheme of "emanations" became fundamental in the Kalam (school of theological discourse) in the 12th century.

As early as the 13th century when Dante Alighieri depicted him in Limbo alongside the virtuous non-Christian thinkers in his Divine Comedy such as Virgil, Averroes, Homer, Horace, Ovid, Lucan, Socrates, Plato, and Saladin, Avicenna has been recognized by both East and West, as one of the great figures in intellectual history.

The theory of motion presented by Avicenna was probably influenced by the 6th-century Alexandrian scholar John Philoponus. Avicenna's is a less sophisticated variant of the theory of impetus developed by Buridan in the 14th century. It is unclear if Buridan was influenced by Avicenna, or by Philoponus directly.

Avicenna authored a five-volume medical encyclopedia: The Canon of Medicine (Al-Qanun fi't-Tibb). It was used as the standard medical textbook in the Islamic world and Europe up to the 18th century. The Canon still plays an important role in Unani Medicine.

Avicenna was a devout Muslim and sought to reconcile rational philosophy with Islamic theology. His aim was to prove the existence of God and His creation of the world scientifically and through reason and logic. Avicenna's views on Islamic theology (and philosophy) were enormously influential, forming part of the core of the curriculum at Islamic religious schools until the 19th century. Avicenna wrote a number of short treatises dealing with Islamic theology. These included treatises on the Prophets (whom he viewed as "inspired philosophers"), and also on various scientific and philosophical interpretations of the Quran, such as how Quranic cosmology corresponds to his own philosophical system. In general these treatises linked his philosophical writings to Islamic religious ideas; for Example, the body's afterlife.