Global Augmented Reality in Healthcare Market Size, Share, Forecast Report, 2020-2027

Global augmented reality in the healthcare market size is expected to grow at USD ~1.32 billion by 2023 at a CAGR of ~23% during the forecast period 2017-2023.

With the increasing population and increasing demand for more surgical treatment along with increasing healthcare expenditure among people the augmented reality in the healthcare market is boosted to a large extent over the forecast period. The increasing penetration of connected devices in the healthcare sector coupled with increasing investment in the augmented reality by companies to make various kind of devices such as handheld, head-mounted display, and others is further boosting this market. With the help of the above-mentioned devices, augmented reality in healthcare sector helps in interacting with the information via voice commands, gestures, motion tracking, and others.

The growing demand for augmented reality along with artificial intelligence are the driving factors for the market growth of the augmented reality in the healthcare sector. On October 18, 2016, Atheer went into a partnership agreement to exemplify AiR Suite’s ability. This is enabled with 3rd party module. It enhances the productivity and safety of deskless professionals and Wikitude’s capabilities, including image recognition and tracking and others. The increasing adoption of mobile augmented reality technology is propelling the market growth to a large extent. This mobile-based augmented reality helps in bridging the gap in the patient-healthcare provider relationship. The mobile application helps in educating and providing information to the patients and helps them to make better decisions about their health.

Segmentation of Augmented Reality in Healthcare Market:

The global augmented reality in the healthcare market is segmented into component, device type, application, and region. The component is sub-segmented into hardware, software, and others. Further, hardware segment is sub-segmented into sensors, displays and projectors, position tracker, cameras, and others. The device type segment is sub-segmented into head-mounted display, handheld device, and others. The application segment is sub-segmented into Fitness Management, Medical Training and Education, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Key Players

Some of the prominent players in the global augmented reality in healthcare market 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.