Global AR In Health Care Market

AR In Health Care Market Size, Share, Growth Analysis, By Technology(Head Mounted Devices, Handheld Devices), By Type(AR Displays, AR Sensors, AR Input Devices, AR Semiconductor Components), By End - User(Hospitals and Clinics, Research Laboratories, Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2207 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 91 | Figures: 76

AR In Health Care Market Insights

Global AR In Health Care Market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 2.19 billion in 2023 to USD 16.82 billion by 2031, growing at a CAGR of 29% in the forecast period (2024- 2031).

Advancements in display and sensor technologies, alongside a variety of software, have paved the way for the revolutionary integration of Augmented Reality (AR) in the healthcare sector. This innovative approach has proven immensely beneficial, enabling surgeons, nurses, and doctors to engage with patients through AR applications. These applications empower healthcare professionals to visualize and interact with three-dimensional representations of the human body.

The impact of AR extends not only to medical practitioners but also to patients seeking medical education. By affording patients the opportunity to comprehend intricate surgical procedures, AR plays a pivotal role in enhancing their understanding. Vein visualization stands as one of the most practical applications of AR in use today. It has revolutionized the way injections are administered and nerves are located, effectively alleviating discomfort.

The augmented reality market's influence extends to surgical visualization and medical training, and it is propelled by various factors. The market's growth is fueled by the expanding use of augmented reality in diagnostic imaging, surgical simulations, rehabilitation, and patient care management. Moreover, the landscape is invigorated by a surge in AR-based startups and significant investments in these burgeoning technologies on a global scale.

US AR In Health Care Market is poised to grow at a sustainable CAGR for the next forecast year.

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AR In Health Care Market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 2.19 billion in 2023 to USD 16.82 billion by 2031, growing at a CAGR of 29% in the forecast period (2024- 2031).

The Augmented Reality (AR) in Healthcare market showcases a dynamic and competitive landscape, characterized by a fusion of industry behemoths, pioneering startups, and collaborative endeavors. Industry giants like Microsoft and Google dominate with their extensive technological prowess, leveraging substantial investments to engineer cutting-edge AR solutions for healthcare applications. Their influence spans across surgical navigation, medical training, and patient interaction. 'Microsoft Corporation (USA)', 'Google LLC (USA)', 'DAQRI LLC (USA)', 'Atheer Inc. (USA)', 'Vuzix Corporation (USA)', 'Medical Realities Ltd. (UK)', 'Augmedix (USA)', 'EchoPixel, Inc. (USA)', 'AccuVein Inc. (USA)', 'Orca Health (USA)', 'Surgical Theater (USA)', 'Scopis GmbH (Germany)', 'Oculus Health (USA)', 'Proximie (UK)', 'Augmentiqs (Israel)', 'Innovega Inc. (USA)', 'Firsthand Technology Inc. (USA)', 'Augment Bionics (Canada)', 'Augmenta (Greece)', 'CaptoGlove (Italy)'

AR technology offers healthcare professionals the ability to visualize and interact with 3D models of anatomical structures, aiding in surgical planning, medical training, and diagnosis.

Remote Consultations and Telemedicine: AR is enabling remote consultations and virtual healthcare experiences, allowing patients and healthcare providers to interact and diagnose from a distance.

Within the landscape of Augmented Reality (AR) for healthcare, North America has asserted its dominance by securing a significant share in terms of revenue. This commanding position is poised to remain unshaken throughout the forecasted period. The factors contributing to this steadfast dominance encompass a confluence of strategic elements that enable North America to maintain its leading stature.

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Global AR In Health Care Market

Report ID: SQMIG35G2207

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