Augmented Reality in Healthcare Market Overview:
The Global Augmented Reality in Healthcare Market is growing with the rapid pace; mainly due to the increasing demand for AR devices in patient care management. According to a recent study report published by the Market Research Future, the global market of augmented reality in healthcare is growing rapidly and expected to gain prominence over the forecast period.
Augmented reality in healthcare market is growing at a rapid pace owing to the increasing demand from various applications such as diagnostic imaging, patient care management, surgical simulations, rehabilitation and health management. The rising awareness about AR devices for enhanced healthcare services is driving the growth of augmented reality in healthcare market. Apart from it, the adoption of AR in training professionals is also driving the AR in healthcare market. However, the high costs of devices and software implementation is the major restraining factor for the Augmented Reality in Healthcare Market. The small and medium players face the challenge of high initial cost to implement the technology in their business operations. Moreover, the insufficient storage space capacity to store apps and software and development platforms are other factors restraining the augmented reality market growth.
Major Key Players:
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.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Augmented Reality in Healthcare Market.
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Jan 2018 –.Rice researchers launched augmented reality app to help with the patients with parkison’s to manage a symptom of the disease called freezing, a temporary and involuntary inability to move when the legs are unable to follow the brain’s command.
Apr 2018- The University of Twente is currently developing a smartphone technology based on the usage of Simultaneous Localization And Mapping (SLAM) and augmented reality (AR).
Augmented Reality in Healthcare Global Market Competitive Analysis:
The Market of Augmented Reality in Healthcare appears to be highly competitive. To maintain their market position and to drive the Augmented Reality in Healthcare market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. The number of new entrants are increasing and they have led to the increase in the demand for investments to fund the development of augmented reality technology. Many private companies are investing into augmented reality and virtual reality. A fund of USD 100 million was raised by Hinduja Group for the development of AR & VR technologies.
Augmented Reality in Healthcare Global Market Segmentation:
The Augmented Reality in Healthcare Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by component: Comprises hardware and software
Segmentation by device type: Comprises head mounted display and handheld device
Segmentation by application: Comprises fitness management, medical training & education and others
Segmentation by Regions: North America, Europe, Asia Pacific and Rest of the world
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Augmented Reality in Healthcare Global Market Regional Analysis:
North-America is dominating the Global Augmented Reality in Healthcare Market with the largest market share due to the huge demand of augmented reality devices in North America region. Apart from it, North America has increasing demand for Augmented Reality in surgical simulations and patient care monitoring applications.
Augmented Reality in Healthcare market in Asia-Pacific region is expected to grow at a substantial CAGR during 2017 to 2023 due to high prevalence of chronic diseases and tremendous increase in internet & smartphone users using AR apps. The European market for Augmented Reality in Healthcare Market is expected to grow at a considerable CAGR (2017-2023).
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