The Global Augmented Reality in Healthcare Market is expected to grow at USD 1.32 Billion by 2023 at a CAGR of ~23% during the forecast period 2017-2023. The Global Augmented Reality in Healthcare Market is estimated to expand during the forecast period (2017-2023) owing to the growing penetration of technological advancements, asserts Market Research Future (MRFR).
Augmented Reality in Healthcare is the indirect view of physical environment where elements are augmented with inputs like graphics, sound, and video. It is responsible for changing the world of healthcare and education with its several applications.
Google LLC. (U.S.), Microsoft Corporation (U.S.), DAQRI (U.S.), Mindmaze (Switzerland), Wikitude GmbH (Austria), Medical Realities (U.K), Atheer (U.S.), Augmedix (U.S.), Oculus VR (U.S.), CAE Healthcare (U.S.), Philips Healthcare (Netherlands & U.S.), 3D Systems (U.S.), Blippar (U.K), VirtaMed (Switzerland), HTC (Taiwan), Siemens Healthineers (Germany), Magic Leap, Inc. (U.S.), and Osterhout Design Group (U.S.) and Virtually Better (U.S.), among others.
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Global Augmented Reality in Healthcare Market: Segmental Analysis
The global Augmented Reality in Healthcare market has been segmented on the basis of device type, component, vertical, technology, and region.
By mode of component, the market has been segmented into software and hardware. The software segment is sub-segmented into cloud-based software and software development kits. The hardware segment is further sub-segmented into semiconductor components, displays, sensors, and 3D cameras. Among these, the software component is expected to witness a significant share due to growing focus on software development platforms.
By mode of device type, the market has been segmented into head-mounted displays, handheld devices, and head-up displays.
By mode of technology, the market has been segmented into markerless and marker-based technology.
By mode of vertical, the market has been segmented into aerospace & defense, consumer electronics, commercial, medical, and others. Among these, the consumer electronics and medical segments are predicted to hold the largest market share owing to the growing application of Augmented Reality in Healthcare in these segments.
Geographically, the Augmented Reality in Healthcare Market spans across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World.
Among all the regions, Asia Pacific is predicted to hold the largest market share owing to the growing adoption of mobile devices across industry verticals and technological advancements like smart glasses in this region. Moreover, the presence of major players such as Samsung Electronics and Seiko Epson Corporation in this region is estimated to drive the market.
The European region is estimated to gain momentum in the coming years owing to the rising use of technology in the automobile and industrial sectors. For instance, a German conglomerate, ThyssenKrupp, is using the technology through Microsoft HoloLens for installing and planning stairlifts. Also, automobile manufacturers like Volkswagen and Ford are using are using the technology in the production and designing of cars.
A team of researchers at the Purdue University have developed a unique approach which allows experienced physicians and surgeons across the world to help less experienced doctors in natural disasters, war zones, and in rural areas to perform complicated processes. The technique incorporates Augmented Reality in Healthcare tools which connects healthcare professionals across the globe.
Brief Table of Contents For Augmented Reality in Healthcare Market Research Report – Global Forecast to 2023:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Augmented Reality In Healthcare Market
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