Global Augmented Reality in Healthcare Market to Grow at 19.77% during 2024-2032, the Expanding Healthcare Industry

August 16, 2022 | Healthcare

The latest report by IMARC Group, titled “Augmented Reality in Healthcare Market Report by Product (AR Displays, AR Sensors, AR Input Devices, AR Semiconductor Components, and Others), Technology (Head Mounted Devices, Handheld Devices), End User (Hospitals and Clinics, Research Laboratories, and Others), and Region 2024-2032”, finds the global augmented reality in healthcare market is expected to grow at a CAGR of 19.77% during the forecast period (2024-2032). Augmented reality (AR) in healthcare refers to a technology that integrates digital information into the user’s real-world environment. It depends on cameras, displays and sensors and provides a new approach to education and treatments in healthcare. It also helps healthcare professionals to visualize and interact with three-dimensional (3D) representations of human bodies. In recent years, AR in healthcare has gained traction as it enables professionals to virtually explore new therapies that were prohibitive in hospitals due to weight, security restraints, or size.

Global Augmented Reality in Healthcare Market Trends:

One of the primary factors driving the market is the expanding healthcare industry. Additionally, rapid digitalization and increasing technological advancements in the healthcare sector are positively influencing the market growth. Other than this, the extensive adoption of AR in healthcare for surgeries and diagnostics as it helps to optimize surgical processes and improve the efficiency of the treatment. Furthermore, AR is adopted for education and training purposes for medical personnel as it provides anatomical visualization and simulation, thus strengthening the market growth. In line with this, AR-based image visualization aid surgeons in enhancing their accuracy and precision during complex surgeries. Along with this, AR has reduced the risk of discomfort caused by injections, or the difficulties in finding the nerve, thus contributing to market growth. Moreover, AR improves the visualization of computerized tomography (CT) and magnetic resonance imaging (MRI) data by overlaying stereoscopic projections during surgical processes.

Market Summary:

  • Based on the product, the market has been divided into AR displays, AR sensors, AR input devices, AR semiconductor components, and others.
  • On the basis of technology, the market has been segmented into head mounted devices and handheld devices.
  • Based on the end user, the market has been categorized into hospitals and clinics, research laboratories, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, Indonesia, South Korea, Australia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been analyzed, with some of the key players being AccuVein Inc., Atheer Inc., Augmedics, Inc., CAE Inc., Google LLC, Koninklijke Philips N.V., Magic Leap Inc., Medical Realities Ltd., Microsoft Corporation, Mindmaze, Orca Health Inc., Siemens AG, and Wikitude GmnH (Qualcomm Technologies Inc.)

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product, Technology, End User, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Global Augmented Reality in Healthcare Market to Grow at 19.77% during 2024-2032, the Expanding Healthcare Industry
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