The global AR in healthcare market is projected to reach $2687.55 million by 2028, growing at a CAGR of 15.64% during the forecast period. The base year considered for the study is 2018. The estimated period is between 2019 and 2028. Augmented reality (AR), though in the early stage of its application, has made its way into various different sectors. Retail, entertainment, gaming, education, and others have found the extensive application of AR technology.
GLOBAL AR IN HEALTHCARE MARKET FORECAST 2019-2028
Global Ar in Healthcare Market by Product (Ar Displays, Ar Sensors, Ar Input Devices, Ar Semiconductor Components, Other Products) by Technology (Head Mounted, Handheld) by End-user (Hospitals & Clinics, Research Laboratories, Other End-users) and by Geography.
The global AR in healthcare market is projected to reach $2687.55 million by 2028, growing at a CAGR of 15.64% during the forecast period. The base year considered for the study is 2018. The estimated period is between 2019 and 2028.
Augmented reality (AR), though in the early stage of its application, has made its way into various different sectors. Retail, entertainment, gaming, education, and others have found the extensive application of AR technology. In addition to these sectors, healthcare is emerging as one of the crucial sectors integrating the use of AR in its existing system. This is entirely changing and improving the overall experience at both healthcare professionals’ end and patients’ end.
The global AR in healthcare market progression is augmented by the following factors:
- Increase in the number of startups providing AR product & services
- Growth in the application of AR technology in the healthcare industry
- Increasing aging population
- Improvement in the spending on healthcare
- Upgradation of technology in healthcare
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Upgradation of technology in healthcare is one of the crucial driving forces for the AR in the healthcare market. Continuous innovation and advancement of existing technology with the help of startups has enabled the development of new products, which can improve the healthcare industry in terms of efficiency and quality. Also, enhanced expenditure on healthcare by governments across the globe will help in the growth of AR in healthcare market.
In 2019, around 61.33% of the revenue share was captured by the handheld devices category in the technology segment. On the other hand, head mounted devices technology is anticipated to register the highest CAGR AR in terms of revenue. Hospitals & clinics are the major end-users of AR technology in healthcare with regard to both revenue share and CAGR over the forecast period.
The shortage of skilled labor and required infrastructure and data security are profoundly restricting the growth of the AR in healthcare market.
The report on global AR in healthcare market includes segmentation analysis on the basis of product, technology, and end-user.
Market by Product:
- AR displays
- AR sensors
- AR input devices
- AR semiconductor Components
- Other products
Market by Technology:
- Head Mounted
- Handheld
Market by End-user:
- Hospitals & Clinics
- Research Laboratories
- Others
Geographically, the global AR in healthcare market is segregated into four major regions, which includes:
- North America: the United States and Canada
- Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
- Asia Pacific: China, India, Japan, South Korea Australia & New Zealand, Indonesia, Thailand, Vietnam, and the Rest of Asia Pacific
- Rest of World: Latin America, the Middle East & Africa
North America dominated the AR in healthcare market with a revenue share of 41.63% in 2019. Government and private funding towards the development of AR technologies for the healthcare sector and advanced healthcare infrastructure in the region are important factors of market growth. The Asia Pacific region is the fastest-growing region for the AR in healthcare market. It is mostly due to increasing spending on healthcare by the government and technological developments in the region.
Some of the prominent players involved in the global AR in healthcare market are:
- Siemens
- Alphabet Inc (Google)
- Microsoft Corporation
- Sony Corporation
- Auriga SPA
- Koninklijke Philips NV
Key findings of the global AR in healthcare market are:
- AR input devices contribute significantly in terms of revenue share in the product segment.
- The head mounted technology is rapidly growing in the market.
- Hospitals & clinics are the largest contributors in the end-user segment.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES `
- MARKET OVERVIEW
- MARKET DYNAMICS
- PARENT MARKET ANALYSIS: AR MARKET
- MARKET DEFINITION
- KEY DRIVERS
- INCREASE IN THE NUMBER OF STARTUPS PROVIDING AR PRODUCT & SERVICES
- GROWTH IN THE APPLICATION OF AR TECHNOLOGY IN HEALTHCARE INDUSTRY
- INCREASING AGING POPULATION
- IMPROVING EXPENDITURE ON HEALTHCARE
- UPGRADATION OF TECHNOLOGY IN HEALTHCARE
- KEY RESTRAINTS
- SHORTAGE OF SKILLED LABOUR AND REQUIRED INFRASTRUCTURE
- DATA SECURITY
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- MARKET BY PRODUCT
- AR DISPLAYS
- AR SENSORS
- AR INPUT DEVICES
- AR SEMICONDUCTOR COMPONENTS
- OTHER PRODUCTS
- MARKET BY TECHNOLOGY
- HEAD MOUNTED
- HANDHELD
- MARKET BY END-USER
- HOSPITALS & CLINICS
- RESEARCH LABORATORIES
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- ATHEER
- ALPHABET INC (GOOGLE)
- MICROSOFT CORPORATION
- SONY CORPORATION
- SIEMENS
- KONINKLIJKE PHILIPS NV
- ACCUVEIN INC
- ECHOPIXEL
- DAQRI
- ORCA HEALTH
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – AR IN HEALTHCARE
TABLE 2: GLOBAL AR IN HEALTHCARE MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: GLOBAL AR IN HEALTHCARE MARKET, BY PRODUCT, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 4: GLOBAL AR DISPLAYS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: GLOBAL AR DISPLAYS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 6: GLOBAL AR SENSORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: GLOBAL AR SENSORS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 8: GLOBAL AR INPUT DEVICES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 9: GLOBAL AR INPUT DEVICES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 10: GLOBAL AR SEMICONDUCTOR COMPONENTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 11: GLOBAL AR SEMICONDUCTOR COMPONENTS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 12: GLOBAL OTHER PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 13: GLOBAL OTHER PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 14: GLOBAL AR IN HEALTHCARE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 15: GLOBAL AR IN HEALTHCARE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 16: GLOBAL HEAD MOUNTED TECHNOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 17: GLOBAL HEAD MOUNTED TECHNOLOGY MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 18: GLOBAL HANDHELD MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 19: GLOBAL HANDHELD MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 20: GLOBAL AR IN HEALTHCARE MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 21: GLOBAL AR IN HEALTHCARE MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 22: GLOBAL HOSPITALS & CLINICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 23: GLOBAL HOSPITALS & CLINICS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 24: GLOBAL RESEARCH LABORATORIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 25: GLOBAL RESEARCH LABORATORIES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 26: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 27: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 28: GLOBAL AR IN HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 29: GLOBAL AR IN HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 30: NORTH AMERICA AR IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 31: NORTH AMERICA AR IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 32: EUROPE AR IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 33: EUROPE AR IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 34: ASIA PACIFIC AR IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 35: ASIA PACIFIC AR IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 36: REST OF WORLD AR IN HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 37: REST OF WORLD AR IN HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5 VALUE CHANIN ANALYSIS
FIGURE 6: GLOBAL AR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2019
FIGURE 7: GLOBAL AR IN HEALTHCARE MARKET, BY AR DISPLAYS, 2019-2028 (IN $ MILLION)
FIGURE 8 GLOBAL AR IN HEALTHCARE MARKET, BY AR SENSORS, 2019-2028 (IN $ MILLION)
FIGURE 9 GLOBAL AR IN HEALTHCARE MARKET, BY AR INPUT DEVICES, 2019-2028 (IN $ MILLION)
FIGURE 10 GLOBAL AR IN HEALTHCARE MARKET, BY AR SEMICONDUCTOR COMPONENTS, 2019-2028 (IN $ MILLION)
FIGURE 11 GLOBAL AR IN HEALTHCARE MARKET, BY OTHER PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL AR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
FIGURE 13: GLOBAL AR IN HEALTHCARE MARKET, BY HEAD MOUNTED TECHNOLOGY, 2019-2028 (IN $ MILLION)
FIGURE 14: GLOBAL AR IN HEALTHCARE MARKET, BY HANDHELD, 2019-2028 (IN $ MILLION)
FIGURE 15: GLOBAL AR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
FIGURE 16: GLOBAL AR IN HEALTHCARE MARKET, BY HOSPITALS & CLINICS, 2019-2028 (IN $ MILLION)
FIGURE 17 GLOBAL AR IN HEALTHCARE MARKET, BY RESEARCH LABORATORIES, 2019-2028 (IN $ MILLION)
FIGURE 18 GLOBAL AR IN HEALTHCARE MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA AR IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 20: UNITED STATES AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 21: CANADA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 22: EUROPE AR IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 23: UNITED KINGDOM AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 24: GERMANY AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 25: FRANCE AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 26: ITALY AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 27: RUSSIA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: BELGIUM AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: POLAND AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: REST OF EUROPE AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: ASIA PACIFIC AR IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 32: CHINA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 33: JAPAN AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: INDIA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: SOUTH KOREA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 36: INDONESIA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 37: THAILAND AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 38: VIETNAM AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 39: AUSTRALIA & NEW ZEALAND AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 40: REST OF ASIA PACIFIC AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 41: REST OF WORLD AR IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 42: LATIN AMERICA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
FIGURE 43: MIDDLE EAST & AFRICA AR IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)
- MARKET BY PRODUCT
- AR DISPLAYS
- AR SENSORS
- AR INPUT DEVICES
- AR SEMICONDUCTOR COMPONENTS
- OTHER PRODUCTS
- MARKET BY TECHNOLOGY
- HEAD MOUNTED
- HANDHELD
- MARKET BY END-USER
- HOSPITALS & CLINICS
- RESEARCH LABORATORIES
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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