Surgical Smart Glasses Market Share, Sales Channels and Overview Till 2028

The surgical smart glasses market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the surgical smart glasses market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

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The market is expected to reach US$ US$ 303,934.14 thousand by 2028 from US$ 145,287.76 thousand in 2020; it is estimated to grow at a CAGR of 9.9% from 2020 to 2028.

The most notable market participants are MEDITHINQ CO., LTD, Taiwan Main Orthopaedic Biotechnology, IRISTICK, DTU Srl., Vuzix Corporation, Pixee Medical, RODS AND CONES., AMA XpertEye, ImmersiveTouch, Inc., and Microsoft Corporation occupying a considerable share of the market owing to their offerings to the market.

The increasing emphasis on achieving improved treatment outcomes is actively contributing to the growth of the surgical smart glasses market. There is high possibility of the occurrence of adverse effects of many surgical procedures, which might as well lead to mortality. Therefore, in crucial cases, it becomes very essential to utilize advanced equipment to avoid possible ill-effects. According to a study published by the World Health Organization (WHO) in 2019, unsafe medical care causes ~2.6 million deaths each year in the low- and middle-income countries. Such significant extent of lethality is anticipated to boost the adoption of advanced computing devices, which will eventually bolster the growth of surgical smart glasses market during the forecast period.

Market leaders are involved in extensive research for the development of new surgical smart glasses with better efficiency and treatment outcomes. For instance, in June 2020, MediThinQ has commercially launched Wireless smart glasses GV-200C. These Wireless smart glasses solutions provide surgical site vision to front of eyes regardless of surgeon's position and orientation. Surgeon is able to have identical image on smart glasses instead of monitor for convenience and higher efficiency.

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