Augmented Reality In Health Care Market 2021 Precise Outlook- Microsoft Corporation, Sony Corporation, Siemens Healthineers

Global Augmented Reality In Health Care Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Augmented Reality In Health Care market size, demand and revenue. The current Augmented Reality In Health Care market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global augmented reality in health care market is expected to grow from $1,065.14 million in 2020 to $1,415.23 million in 2021 at a compound annual growth rate (CAGR) of 32.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $4,145.48 million in 2025 at a CAGR of 30.8%.          

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Industry News and Growth:

New product launches are shaping the AR in healthcare market. Major companies operating in the AR in healthcare sector are focused on product innovations for AR in healthcare to improve the accuracy in treatment. For instance, in December 2019, Augmedics, a US-based company that provides augmented reality in healthcare launched Xvision Spine augmented reality surgical guidance device. The device is intended to allow doctors to see a patient's 3D spinal anatomy during surgery as if they were using X-ray vision. The vision enables the doctor to move instruments and implants precisely while looking directly at the patient rather than at a remote screen.
In February 2020, Medtronic plc, a US-based medical technology company acquired Digital Surgery for $300 million. The acquisition of Digital Surgery will boost Medtronic's robotic guided surgery platform and will be helpful throughout the company's entire portfolio. Digital Surgery is a UK-based digital health compnay that develops virtual reality and artificial intelligence technology for doctors.

Scope of this Report:

Markets Covered: 1) By Product: Hardware; Software
2) By Technology: Wearable; Vision-Based; Spatial; Mobile Device-Based
3) By Device Type: Head-Mounted Displays; Handheld Devices; Others
4) By End-User: Hospitals And Clinics; Research Laboratories; Others
Companies Mentioned: Microsoft Corporation; Sony Corporation; Siemens Healthineers; Koninklijke Philips N.V.; CAE Healthcare
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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Executive Summary:

The increasing geriatric population is expects to propel the growth of the AR in healthcare market over coming years. The elderly population is increasing rapidly across the world and it is expected to continue over the forecast period. The older population is prone to a number of diseases and ailments that require surgeries. The use of AR in surgeries allows surgeons to visualize a patients anatomy side by side with their MRI and CT scan data. For instance, according to the Physical Review B (PRB) Journal, by 2060, the number of Americans aged 65 and above is expected to nearly quadruple to 95 million, accounting for 23% of the total population. Therefore, the rising geriatric population drivers the growth of the AR in healthcare market. The augmented reality in health care market consists of sales of augmented reality hardware and software in health care by entities (organizations, sole traders, and partnerships) which allows physicians to integrate data visualization into treatment and diagnostic procedures. The use of AR in healthcare allows the generation of interactive and rich experiences that show how clinical instruments and new drugs interact with the patients body. AR devices in health care make use of augmented technology to better perform surgeries and diagnosis with the help of visualization and real time data.

Regional Analysis For Augmented Reality In Health Care Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

North America was the largest region in the augmented reality in health care market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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