Global Augmented Reality in Healthcare Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Augmented Reality in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global augmented reality (AR) in healthcare market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global augmented reality (AR) in healthcare market size reached US$ 1,605.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,734.9 Million by 2028, exhibiting a growth rate (CAGR) of 23.12% during 2023-2028.
Augmented reality (AR) in healthcare refers to the use of AR technology to enhance and improve various aspects of medical practice, patient care, medical training, and healthcare management. It involves overlaying digital information, such as 3D images, computer-generated graphics, or real-time data, onto the real-world environment seen through a device like a smartphone, tablet, or AR headset equipped with cameras and sensors. It provides enhanced comprehension of medical conditions and treatments, leading to higher patient satisfaction and adherence to treatment protocols. It also serves educational purposes, offering medical students and professionals a dynamic learning environment that simulates real-life scenarios. It engages patients in their healthcare journey, promoting better understanding and adherence to treatment plans. It enables experts to collaborate across distances, benefiting both patients and providers. It is utilized in surgical visualization and patient education, allowing for enhanced comprehension of medical conditions.
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Global Augmented Reality in Healthcare Market Trends and Drivers:
At present, the rising utilization of AR to provide real-time assistance in surgery and diagnostics and improve clinical outcomes represents one of the key factors impelling the market growth. Additionally, the increasing focus on minimizing surgical errors is encouraging the employment of AR for simulation-based training, which offers hands-on experience without the risks associated with real-life procedures. The growing shift towards a patient-centric model is driving the adoption of AR technologies to enhance the patient experience by providing interactive and detailed visuals to explain conditions and treatments. Besides this, the rising integration of AR with electronic health records (EHRs) is enhancing the accessibility and usability of patient data, enabling healthcare professionals to access relevant information seamlessly during patient interactions. Moreover, the growing partnership between tech companies and healthcare providers to develop bespoke AR solutions that address specific challenges is positively influencing the market. These collaborations also ensure that AR applications are compliant with medical regulations and are tailored to the needs of healthcare providers. In addition, the increasing shift towards personalized medicine is encouraging the adoption of AR to model individual patient anatomy, which can be critical in planning personalized treatment strategies, especially in oncology and genetic disorders. Apart from this, the rising advancements in AR hardware, such as lightweight glasses and improved sensors, are enhancing user experience and encouraging adoption in various healthcare applications. These advancements enable more precise tracking and imaging, crucial for applications, such as patient monitoring and clinical procedures. Furthermore, the growing prevalence of chronic diseases where continuous monitoring is essential is prompting the healthcare sector to incorporate AR for better patient management. These devices can overlay crucial information about the condition of the patient, which can be particularly beneficial in managing long-term illnesses. In addition, the increasing demand for minimally invasive (MI) surgeries is prompting the use of AR to assist surgeons by projecting vital patient data onto their field of view, effectively reducing the need for large incisions and improving patient recovery times.
Global Augmented Reality in Healthcare Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AccuVein Inc., Atheer Inc., Augmedics, CAE Inc., Google LLC, Koninklijke Philips N.V., Magic Leap Inc., Medical Realities Ltd., Microsoft Corporation, Mindmaze, Orca Health Inc., Siemens AG and Wikitude GmbH (Qualcomm Technologies Inc.).
The report segmented the market on the basis of region, product, technology and end user.
Breakup by Product:
- AR Displays
- AR Sensors
- AR Input Devices
- AR Semiconductor Components
Breakup by Technology:
- Head Mounted Devices
- Handheld Devices
Breakup by End User:
- Hospitals and Clinics
- Research Laboratories
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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