Augmented Reality in Healthcare Market Size is Expected to Cross US$ 5,734.9 Million by 2028 - IMARC Group

According to the latest report by IMARC Group, "Global Augmented Reality in Healthcare Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", 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.

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Augmented Reality (AR) represents the integration of digital information with the real-time environment of the user. It enables healthcare professionals to interact and visualize with three-dimensional (3D) representations of human bodies. Augmented reality also allows them to virtually explore new therapies that were previously prohibitive in a hospital. Consequently, AR is extensively utilized to understand numerous surgical procedures across the healthcare industry.

Market Trends:

The elevating technological advancements and digitalization levels across the medical sector are among the primary factors driving the augmented reality (AR) in healthcare market. In line with this, the expanding usage of AR to enhance the visualization of computerized tomography and magnetic resonance imaging data by overlaying stereoscopic projections during surgical procedures is further propelling the market growth.

Additionally, the growing utilization of AR-based smart glasses that superimpose real-time data directly from a dental scanner and enable the dentist to build precise crowns or caps is also positively influencing the global market. Besides this, the inflating need for efficient and innovative solutions to improve clinical and operational outcomes is acting as another significant growth-inducing factor.

Moreover, the rising prevalence of several chronic diseases and the escalating focus on enhancing the overall quality of patient care are anticipated to fuel the augmented reality (AR) in healthcare market over the forecasted period.

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Augmented Reality in Healthcare Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global augmented reality (AR) in healthcare market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AccuVein Inc.
• Atheer Inc.
• Koninklijke Philips N.V.
• Magic Leap Inc.
• Medical Realities Ltd.
• Microsoft Corporation
• Augmedics
• CAE Inc.
• Google LLC
• Mindmaze
• Orca Health Inc.
• Siemens
• and Wikitude GmbH (Qualcomm Technologies Inc.).

Key Market Segmentation:

The report has segmented the global augmented reality (AR) in healthcare market based on product, technology, end user and region.

Breakup by Product:
• AR Displays
• AR Sensors
• AR Input Devices
• AR Semiconductor Components
• Others

Breakup by Technology:
• Head Mounted Devices
• Handheld Devices

Breakup by End User:
• Hospitals and Clinics
• Research Laboratories
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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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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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.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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