1. Market Research
  2. > Healthcare Market Trends
Augmented Reality In Health Care Global Market Report 2021: COVID-19 Implications And Growth

Augmented Reality In Health Care Global Market Report 2021: COVID-19 Implications And Growth

  • October 2021
  • 175 pages
  • ID: 6177526
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the augmented reality in health care market are Microsoft Corporation, Sony Corporation, Siemens Healthineers, Koninklijke Philips N.V., CAE Healthcare, 3D Systems, Augmedix, AccuVein Inc., Osterhout Design Group Inc., Magic Leap Inc., Atheer Inc, VirtaMed, and ARToolworks Inc.

The global augmented reality in health care market is expected to grow from $1,065.14 million in 2020 to $1,415.23 million in 2021 at a compound annual growth rate (CAGR) of 32.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $4,145.48 million in 2025 at a CAGR of 30.8%.

The augmented reality in health care market consists of sales of augmented reality hardware and software in health care by entities (organizations, sole traders, and partnerships) which allows physicians to integrate data visualization into treatment and diagnostic procedures.The use of AR in healthcare allows the generation of interactive and rich experiences that show how clinical instruments and new drugs interact with the patient’s body.

AR devices in health care make use of augmented technology to better perform surgeries and diagnosis with the help of visualization and real time data.

The main types of products in augmented reality in healthcare are hardware and software.Hardware helps to perform medical tasks such as surgeries and diagnosis more efficiently and accurately using AR technology including smart glasses.

The different types of devices include head-mounted displays, handheld devices, others and uses different technologies such as wearables, vision-based, spatial, mobile-device based. It is implemented in various verticals such as hospitals and clinics, research laboratories and others.

North America was the largest region in the augmented reality in health care market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

New product launches are shaping the AR in healthcare market.Major companies operating in the AR in healthcare sector are focused on product innovations for AR in healthcare to improve the accuracy in treatment.

For instance, in December 2019, Augmedics, a US-based company that provides augmented reality in healthcare launched Xvision Spine augmented reality surgical guidance device.The device is intended to allow doctors to see a patient’s 3D spinal anatomy during surgery as if they were using X-ray vision.

The vision enables the doctor to move instruments and implants precisely while looking directly at the patient rather than at a remote screen.

In February 2020, Medtronic plc, a US-based medical technology company acquired Digital Surgery for $300 million.The acquisition of Digital Surgery will boost Medtronic’s robotic guided surgery platform and will be helpful throughout the company’s entire portfolio.

Digital Surgery is a UK-based digital health compnay that develops virtual reality and artificial intelligence technology for doctors.

The increasing geriatric population is expects to propel the growth of the AR in healthcare market over coming years.The elderly population is increasing rapidly across the world and it is expected to continue over the forecast period.

The older population is prone to a number of diseases and ailments that require surgeries.The use of AR in surgeries allows surgeons to visualize a patient’s anatomy side by side with their MRI and CT scan data.

For instance, according to the Physical Review B (PRB) Journal, by 2060, the number of Americans aged 65 and above is expected to nearly quadruple to 95 million, accounting for 23% of the total population. Therefore, the rising geriatric population drivers the growth of the AR in healthcare market.

The countries covered in the augmented reality in health care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on