FEATURED COMPANIES
- AccuVein Inc.
- Alphabet Inc. (Google)
- Atheer Inc
- DAQRI
- EchoPixel
- Microsoft Corporation
The global AR in healthcare market was valued at $609.60 million in 2018 and is projected to reach $4,237.60 million by 2026, registering a CAGR of 27.4% from 2019 to 2026. Augmented reality is one of the current trends in the field of healthcare and medicine. Augmented reality changes user’s view by superimposing and overlaying information through 3D elements. The virtual contents are in the form of sound or imagery usually applied in 3D models. This technology makes use of sensors such as computer components, camera, or a display device. It gives its users the ability to see and interact with three-dimensional representation of bodies. The applications of AR in healthcare include autism therapy, vein detection, mental health, and education to healthcare professionals as well as patients.
AR in healthcare can help enhance the ability of surgeons and doctors to diagnose and treat their patients more precisely by permitting them to access their patient’s real time data and better visualize health issues. Thus, AR helps in reducing risks associated with minimally invasive procedures, provide informed decisions about the treatment, prevention of diseases, as well as better aftercare for patients.
Rise in use of augmented reality in diagnostic imaging, surgical simulation, rehabilitation, and patient care management propels the market growth. Furthermore, surge in number of AR based startups and growth in investments in these technologies are expected to further boost growth of the AR in healthcare market across the globe. On the contrary, concerns regarding data privacy and lack of proper healthcare infrastructure are some of the foremost barriers that hamper the market growth. Conversely, increase in private investments and growth in government support for integration of these technologies into the healthcare system are likely to provide lucrative opportunities for the growth of the AR in Healthcare market in coming future.
The AR in healthcare market is segmented on the basis of product type, technology, end-user, and region. By product type, it is classified into AR Displays, AR sensors, AR input devices, AR semiconductor components, and others. By technology, it is divided into head mounted devices and handheld devices. On the basis of end-user, it is segmented into hospitals & clinics, research laboratories, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the prominent players operating in the AR in Healthcare include Microsoft Corporation, Alphabet Inc. (Google), Sony Corporation, Siemens (Siemens Healthcare), Koninklijke Philips N.V. (Philips), AccuVein Inc., EchoPixel, DAQRI, Atheer, Inc, and Orca Health, Inc. Some of the other players operating in the market are Augmedix, VirtaMed, Blippar, CAE Healthcare, Magic Leap, Inc., Virtually Better, and Osterhout Design Group.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Technology
By Type
By End User
By Region
KEY MARKET PLAYERS
AR in healthcare can help enhance the ability of surgeons and doctors to diagnose and treat their patients more precisely by permitting them to access their patient’s real time data and better visualize health issues. Thus, AR helps in reducing risks associated with minimally invasive procedures, provide informed decisions about the treatment, prevention of diseases, as well as better aftercare for patients.
Rise in use of augmented reality in diagnostic imaging, surgical simulation, rehabilitation, and patient care management propels the market growth. Furthermore, surge in number of AR based startups and growth in investments in these technologies are expected to further boost growth of the AR in healthcare market across the globe. On the contrary, concerns regarding data privacy and lack of proper healthcare infrastructure are some of the foremost barriers that hamper the market growth. Conversely, increase in private investments and growth in government support for integration of these technologies into the healthcare system are likely to provide lucrative opportunities for the growth of the AR in Healthcare market in coming future.
The AR in healthcare market is segmented on the basis of product type, technology, end-user, and region. By product type, it is classified into AR Displays, AR sensors, AR input devices, AR semiconductor components, and others. By technology, it is divided into head mounted devices and handheld devices. On the basis of end-user, it is segmented into hospitals & clinics, research laboratories, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the prominent players operating in the AR in Healthcare include Microsoft Corporation, Alphabet Inc. (Google), Sony Corporation, Siemens (Siemens Healthcare), Koninklijke Philips N.V. (Philips), AccuVein Inc., EchoPixel, DAQRI, Atheer, Inc, and Orca Health, Inc. Some of the other players operating in the market are Augmedix, VirtaMed, Blippar, CAE Healthcare, Magic Leap, Inc., Virtually Better, and Osterhout Design Group.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019-2026, which assists to identify the prevailing market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the global AR in healthcaremarket is provided.
- An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS
By Technology
- Head Mounted Devices
- Handheld Devices
By Type
- AR Displays
- AR Sensors
- AR Input Devices
- AR Semiconductor Components
- Other products
By End User
- Hospitals and Clinics
- Research Laboratories
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- India
- China
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Microsoft Corporation
- Alphabet Inc. (Google)
- Sony Corporation
- Siemens (Siemens Healthcare)
- Koninklijke Philips N.V. (Philips)
- AccuVein Inc.
- EchoPixel, DAQRI
- Atheer, Inc.
- Orca Health, Inc.
Frequently Asked Questions about the Global AR in Healthcare Market
What is the estimated value of the Global AR in Healthcare Market?
What is the growth rate of the Global AR in Healthcare Market?
What is the forecasted size of the Global AR in Healthcare Market?
Who are the key companies in the Global AR in Healthcare Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AccuVein Inc.
- Alphabet Inc. (Google)
- Atheer Inc
- DAQRI
- EchoPixel
- Microsoft Corporation
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AR IN HEALTHCARE MARKET, BY TECHNOLOGY
CHAPTER 5: AR IN HEALTHCARE MARKET, BY PRODUCT
CHAPTER 6: AR IN HEALTHCARE MARKET, BY END USER
CHAPTER 7: GLOBAL AR IN HEALTHCARE MARKET, BY REGION
CHAPTER 8: COMPANY PROFILE
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AccuVein Inc.
- Alphabet Inc. (Google)
- Atheer Inc
- DAQRI
- EchoPixel
- Microsoft Corporation
According to this report titled, 'AR in healthcare Market by Product, Technology and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026' the global AR in healthcare market size was valued at $609.60 million in 2018 and is projected to reach $4.23 billion by 2026, registering a CAGR of 27.4% from 2019 to 2026. AR in healthcare is responsible for transforming the medical sector by overlaying digital information onto the real-world scenarios. AR applications allow learners to visualize and interact simultaneously with 3D representations of body. Presently, augmented reality is used in vein visualization for eliminating the pain caused due to injection and having blood taken.
Increase in the use of augmented reality in diagnostic imaging, rehabilitation, and surgical simulation along with a rise in the number of AR start-ups across the globe supplement growth of the market. In addition, growing private and public investments for developing AR technologies in healthcare is likely to propel the growth of the market. However, data privacy concerns of technology users is anticipated to hamper the AR in healthcare marketgrowth.
The Augmented Reality in healthcare market is classified on the basis of technology, product type, end-user, and region. By technology, it is divided into head mounted devices and h andheld devices. The h andheld devices segment dominated the global AR in healthcare market in 2018 and is expected to remain dominant during the forecast period, owing to an increase in the use and convenience of h andheld devices such as touch screen devices, tablets, smartphones, and monitors. However, the head mounted devices segment is projected to witness fastest growth, due to increase in demand for head-mounted devices in the field of medicine and research.
On the basis of product type, the global AR in healthcare market is categorized into AR Displays, AR sensors, AR input devices, and others. The AR input devices segment was the major contributor in 2018 and is anticipated to continue this trend during the forecast period due to the rise in the use of AR devices in healthcare procedures and practices.
By end user, the hospitals & clinics segment was the highest revenue contributor in 2018, owing to growth in adoption of AR in medical training and education.
According to Onkar Sumant, Manager, Healthcare, “Increasing usage of augmented reality in diagnostic imaging, rehabilitation, and surgical simulation along with a rise in the number if AR start-ups across the globe. Furthermore, growing private and public investments for developing AR technologies in healthcare is likely to propel the growth of AR in healthcare marketin the coming years.”
The report provides a comprehensive analysis of the key players operating in the global AR in healthcare market, which includeMicrosoft Corporation, Alphabet Inc. (Google), Sony Corporation, Siemens (Siemens Healthcare), Koninklijke Philips N.V. (Philips), AccuVein Inc., EchoPixel, DAQRI, Atheer, Inc, and Orca Health, Inc. The other players in the value chain (companies not included in the report) include Augmedix, VirtaMed, Blippar, CAE Healthcare, Magic Leap, Inc., Virtually Better and Osterhout Design Group, among others.
KEY FINDINGS OF THE STUDY
Increase in the use of augmented reality in diagnostic imaging, rehabilitation, and surgical simulation along with a rise in the number of AR start-ups across the globe supplement growth of the market. In addition, growing private and public investments for developing AR technologies in healthcare is likely to propel the growth of the market. However, data privacy concerns of technology users is anticipated to hamper the AR in healthcare marketgrowth.
The Augmented Reality in healthcare market is classified on the basis of technology, product type, end-user, and region. By technology, it is divided into head mounted devices and h andheld devices. The h andheld devices segment dominated the global AR in healthcare market in 2018 and is expected to remain dominant during the forecast period, owing to an increase in the use and convenience of h andheld devices such as touch screen devices, tablets, smartphones, and monitors. However, the head mounted devices segment is projected to witness fastest growth, due to increase in demand for head-mounted devices in the field of medicine and research.
On the basis of product type, the global AR in healthcare market is categorized into AR Displays, AR sensors, AR input devices, and others. The AR input devices segment was the major contributor in 2018 and is anticipated to continue this trend during the forecast period due to the rise in the use of AR devices in healthcare procedures and practices.
By end user, the hospitals & clinics segment was the highest revenue contributor in 2018, owing to growth in adoption of AR in medical training and education.
According to Onkar Sumant, Manager, Healthcare, “Increasing usage of augmented reality in diagnostic imaging, rehabilitation, and surgical simulation along with a rise in the number if AR start-ups across the globe. Furthermore, growing private and public investments for developing AR technologies in healthcare is likely to propel the growth of AR in healthcare marketin the coming years.”
The report provides a comprehensive analysis of the key players operating in the global AR in healthcare market, which includeMicrosoft Corporation, Alphabet Inc. (Google), Sony Corporation, Siemens (Siemens Healthcare), Koninklijke Philips N.V. (Philips), AccuVein Inc., EchoPixel, DAQRI, Atheer, Inc, and Orca Health, Inc. The other players in the value chain (companies not included in the report) include Augmedix, VirtaMed, Blippar, CAE Healthcare, Magic Leap, Inc., Virtually Better and Osterhout Design Group, among others.
KEY FINDINGS OF THE STUDY
- By product, the AR input devices segment occupied 16.2% share of the AR in healthcare market in 2018.
- By technology, head mounted devices segment is anticipated to grow with the highest CAGR throughout the AR in healthcare marketforecast period.
- The hospital and clinics segment accounted for 63.6% share of the market in 2018.
Note: Product cover images may vary from those shown
- Microsoft Corporation
- Alphabet Inc. (Google)
- Sony Corporation
- Siemens (Siemens Healthcare)
- Koninklijke Philips N.V. (Philips)
- AccuVein Inc.
- EchoPixel
- DAQRI
- Atheer Inc
- Orca Health Inc
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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