Augmented Reality Market Trends, Growth, & Key Business Strategies by Leading Industry Players Zugara, Vuzix, Qualcomm, Artoolworks, Augmented Pixels, Kooaba Ag, Layar B. V. and others

Coherent Market Insights has announced the addition of the “Augmented Reality in Healthcare Market Size Status and Forecast 2026”, The report classifies the global Augmented Reality in Healthcare Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Augmented Reality in Healthcare Speaker market, analyzes and researches the Augmented Reality in Healthcare Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Zugara, Vuzix, Qualcomm, Artoolworks, Augmented Pixels, Kooaba Ag, Layar B. V.

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Augmented reality is gaining prominence among medical personnel for various applications ranging from surgical preparation assessment to minimally-invasive surgery and rehabilitation. Various healthcare IT-enabled companies are venturing into the augmented reality in healthcare market to capitalize on the high growth opportunities on offer. The million dollar market is witnessing technology disruption and is expected to grow at a robust double digit CAGR during 2016–2024. Augmented reality is finding wide application from medical training to pharmacy benefit management. Moreover, apart from saving patients’ lives, existing processes in healthcare organizations can be made more efficient and precise with the help of augmented reality.

Growth Factors

Development of Healthcare IT infrastructure to Support growth of augmented reality in healthcare market scenario

Technological advancements and high demand to minimize healthcare complexity is expected to bolster growth in adoption of augmented reality in near future. Augmented reality in healthcare market revenue is expected to be further driven by increasing workload of healthcare professionals and stringent regulatory compliances in clinical trials and laboratory testing. Rise in healthcare expenditure is a macroeconomic factor that would drive market growth to some extent. Growth is expected to be concentrated in developed regions with robust healthcare infrastructure such as North America and Europe. However, high cost and data security concern associated with augmented reality in healthcare technology would restrict demand to a certain extent during the study period.

Augmented reality in healthcare market outlook is set to run on similar business model as that of IT industry in 1980s. Many new players are expected to emerge in the market. However, only few would be able to consolidate their position worldwide. Moreover, mergers and acquisitions is projected to be the prevalent trend in augmented reality in healthcare market in near future. As a result, the market is set to be competitive in the near future, with sharp decline in overall prices during the forecast period.

Coherent market insights has segmented the market on the basis of:

Product Type

Augmented reality
AR Displays
AR Sensors
AR Input Devices
AR Semiconductor Components
Virtual Reality (VR)
VR Semiconductor Components
VR Devices
VR Sensors

Technology

Augmented Reality (AR)
Wearable AR System
Vision-based AR System
Mobile Device-based AR System
Spatial AR System
Virtual Reality (VR)
Semi-immersive VR System
Fully-immersive VR System
Non-immersive VR System

End User

Advertising Agencies
Hospitals and Clinics
Research laboratories
Community Pharmacy
Pharmaceutical and Biotechnology Companies
Academic Institutes Unit
Government Agencies
Other End User

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North America is expected to dominate the global augmented reality in healthcare market size, owing to rising awareness among people and growing demand for augmented reality among people in this region. Moreover, technological advancements in augmented reality is also accentuating market growth in North American. Europe is the next most-dominant market for augmented reality in healthcare market. Asia Pacific augmented reality in healthcare market size is projected to grow steadily over the following decade. Asia Pacific is a largely untapped market due to lack of proper healthcare facilities in some Asian countries. However, Asia Pacific (India, China, Australia, Japan, and Malaysia, among others) is expected to be the most lucrative market for augmented reality in healthcare in the near future due to range of driving factors.

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
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Seattle, WA 98154
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Email: sales@coherentmarketinsights.com

This release was published on openPR.