The market for augmented reality in healthcare is evolving pervasively mainly due to the proliferation of smart connected devices with the integration of AR. Moreover, factors such as the increasing investments in the AR technology by companies to make various medical devices and advent surgical procedures escalate the market on the global platform.
Acknowledging the pace at which the market is climbing up pervasively, Market Research Future (MRFR) in its recently published study report asserts that the global augmented reality in healthcare market will garner a valuation of approximately USD 1.32 BN by 2023, registering a striking CAGR around 23 % throughout the forecasting period (2017 – 2023).
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/5236
The extensive uptake of AR technology, increasing demand for more surgical treatments along with the increasing penetration of connected devices in the healthcare sector boosting the growth in the market to an extent. Also, the increasing investments in the augmented reality by companies to make various kind of devices such as handheld, head-mounted display, and others are fostering the growth of the market.
Additional factors propelling the market growth include rapidly increasing population and the improving economic conditions, worldwide that are increasing healthcare expenditure and the number of healthcare centers.
Furthermore, market penetration of smartphones, increasing numbers of mobile app stores, and growing investments in smart devices fuel the growth of the market. On the other hand, lack of technical awareness and technology restrictions are some of the key factors that are acting as a headwind to the growth of the augmented reality in the healthcare market.
Key Players
Some of the major players in global augmented reality in healthcare market include Microsoft Corporation (U.S.), Google LLC. (U.S.), DAQRI (U.S.), Wikitude GmbH (Austria), Mindmaze (Switzerland), Medical Realities (U.K), Augmedix (U.S.), Atheer (U.S.), Oculus VR (U.S.), Philips Healthcare (the Netherlands & U.S.), CAE Healthcare (U.S.), 3D Systems (U.S.), VirtaMed (Switzerland), Blippar (U.K), HTC (Taiwan), Magic Leap, Inc. (U.S.), Siemens Healthineers (Germany), Osterhout Design Group (U.S.) and Virtually Better (U.S.) among others.
Augmented Reality in Healthcare Markets – Segments
The MRFR analysis is segmented into four key dynamics for enhanced understanding.
By Component: Hardware (sensors, displays and projectors, position tracker, cameras, and others), Software, and others.
By Device Type: Head-Mounted Display, Handheld Device, and others.
By Application: Fitness Management, Medical Training & Education, and others.
By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.
Ask Question To Domain Expert @ https://www.marketresearchfuture.com/enquiry/5236
Augmented Reality in Healthcare Markets – Regional Analysis
The North American region, heading with the vast technological advancements and high per capita healthcare expenditures will continue its dominance over the global augmented reality in the healthcare market.
Factors encouraging the growth of the regional market include the huge demand led by the increasing adoption of consumer electronic devices. Moreover, factors such as the presence of the best medical facilities alongside the vast technological advancements and high per capita healthcare expenditures lead the regional market.
The presence of several well-established players that are well-capable of delivering a range technological solution and the substantial investments made by them are undoubtedly impacting the market growth positively.
The augmented reality in healthcare market in the European region is expected to account for the second-largest market, following the North American market closely. Factors escalating the growth of the regional market include technological advancement and the augmented adoption of smart connected devices among healthcare providers mainly in the UK, Germany, and France.
The resurging economy in Europe is playing an important role in the growth of the market, increasing consumers’ purchasing power and per capita healthcare expenditures.
The Asia Pacific region, heading with the high uptake of technology, is rapidly emerging as a profitable market for the augmented reality in healthcare. The ongoing trend of digitalization of patient records among healthcare organizations is one of the key driving forces behind the growth of the market in this region.
The market in India, China, and Japan heading with the augmenting demand for augmented reality in healthcare, increasing healthcare expenditures, and the increasing number of healthcare software solution providers predominantly contributes to the growth of the regional market.
Augmented Reality in Healthcare Markets – Competitive Analysis
The augmented reality in healthcare market appears to be highly competitive characterized by the presence of several well-established as well as small players. Matured players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage and thus to maintain their positions in this market.
Also, the market witnesses low entry barriers for new entrants providing them a high market opportunity. A fair amount of revenue generated is divided between app developers and suppliers. The technology providers have the lowest revenue share, whereas, the startups are turning to crowdfunding platforms to develop innovative AR apps in the market.
Browse Full Reports @ https://www.marketresearchfuture.com/reports/augmented-reality-in-healthcare-market-5236
Industry/ Innovation/ Related News:
January 23, 2019 –– Sanofi S.A. (France), a multinational biopharmaceutical company announced its partnership with Startup Creasphere, a digital health innovation platform to develop new and innovative healthcare solutions for its consumers, looking into the digital space for support that goes beyond the pill, promoting ubiquitous technologies such as Augmented reality, AI, VR, among others.
Sanofi will focus on nutritional health and allergy space first looking for new health technology that can administer relief in that area, like something that can catch symptoms before they start. While Startup will be focusing on big data and analytics, diagnostics, personal healthcare and augmented reality support.
The partnership represents a growing demand to expand digital health innovations and health technology solutions globally to benefit patients.
Additionally, Sanofi will also be working with other companies to create the digital health hub, which will provide a platform for corporations and startups to meet and pilot solutions and services, further allowing companies to drive investments, learn and share experiences and facilitate international expansion.
January 09, 2019 –– HoloSurgical Inc. (the US), a digital surgery company announced the world’s First Surgical Procedure Utilizing the ARAI™, an Augmented Reality and Artificial Intelligence Based Surgical Navigation System
The ARAI™ is an advanced digital surgery platform that combines 3D visualization, data analytics, and machine learning to improve outcomes, reduce surgical time, and decrease surgical complications.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/augmented-reality-in-healthcare-market-5236