According to a new report published by Research Dive, the global AR for healthcare market is projected to generate revenue of $1,918.6 million by 2026, at a CAGR of 25.5% in the forecast time from 2019 to 2026.
The global market segmentation has been done on the basis of component, technology, end-user, and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market. As per our analysts, increasing concern to reduce the work load of health professionals, vein visualization, and representation of interaction of advanced drugs in the human body are increasing adoption of AR in healthcare market.
Check out How COVID-19 impact on the Augmented Reality in Healthcare Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/218
Display Sensors Segment has Dominant Market Share
Based on component, the overall market is bifurcated into display sensors, input devices, and semiconductor components. Among these, semiconductors components segment dominated the market in the year 2018 and is expected to register for $926.2 million in 2026 with a CAGR of 24.3%. Increased adoption of display sensors in AR owing to its properties such as ease of handling and reduced cost are the factors responsible for the market growth. In addition, it is also utilized for helping mass accident causalities that give accurate location.
Wearable Segment Will Grow at a Significant Rate throughout the Forecast Years
On the basis of technology, the augmented reality in healthcare market is classified into wearable, vision-based, spatial, and mobile device-based. The market for mobile devices-based segment will witness to rise at a faster rate of 26.2% CAGR and is predicted to register for $502.1 million till the end of 2026. Wearable augmented devices are of different types such as glasses, smart-watches, headsets, lenses, and glass. These wearable dominated the market share owing to the improved clinical outcomes, improvement of live discussion through these devices during surgery, and requirement to minimize healthcare complexity. These factors will fuel the market size in the forecast time.
Check out How high costs and lack of usage of high-class digital skills to implement AR technology is obstructing the growth of the augmented reality in healthcare industry @ https://www.researchdive.com/covid-19-insights/218/global-augmented-reality-ar-in-healthcare-market
Healthcare Facility End-User Segment Will Grow at a Significant Rate throughout the Forecast Years
On the basis of end-user, the augmented reality in healthcare market is classified into research laboratories and healthcare facilities. The market for healthcare facilities segment will witness to rise at a faster rate of 26.4% CAGR and is predicted to register for $386.6 million till the end of 2026. Increasing utilization of AR in healthcare segment for vein visualization and decreasing the fear of patients during blood requirement or injection. These factors are responsible for the positive impact of AR in healthcare facility segment during the forecast period of time.
Regional Outlook and Major Market Players
North America market has dominated the global market share, and is estimated to reach up to $814.9 million till 2026. This dominance is attributed due to the increased adoption of AR technologies by various healthcare facilities, increased technological advancements, and rise in the research and development activities to broaden the application of AR in healthcare segment. Europe region will witness a remarkable growth rate for AR market in healthcare that is projected to generate revenue of $622.6 million by the end of 2026, at a CAGR of 26.2%.
The most prominent players in the global augmented reality in healthcare market are Google, Microsoft, Mindmaze, Firsthand Technologies, Medical Realities, Atheer, Augmedix, Oculus, Intuitive Surgical, CAE Healthcare, and others.
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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