Surgical Smart Glasses Market Worth US$ 303,934.14 Thousand, Globally, by 2028 at 9.9% CAGR - Exclusive Report by The Insight Partners

According to our latest market research study on "Surgical Smart Glasses Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to reach 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 report highlights the trends prevailing in the market, along with market drivers and deterrents.

The factors such as growing emphasis on superior surgical procedural outcomes and increasing number of surgical procedures drive the growth of the global surgical smart glasses market. However, the lack of awareness and infrastructure challenges to adopt surgical smart glasses in emerging nations hinder the market growth.

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Surgical Smart Glasses Market - Strategic Insights
Based on type, the global surgical smart glasses market is bifurcated into wireless type and wire type. In 2020, the wireless type segment held a larger share in the market. Moreover, the market for the same segment is expected to hold a higher market share by 2028. The wireless surgical smart glasses allow real-time streaming video of surgery to multiple locations, by reducing travel time and enabling access of healthcare to remote locations. This factor, in turn, is likely to boost the demand for surgical smart glasses across the world in the forecast period.

Surgical Smart Glasses Market: Competitive Landscape and Key Developments: A few prominent players operating in the surgical smart glasses market 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.

Market players are launching new and innovative products and services to sustain their position in the surgical smart glasses market. For instance, in Jun 2020, MediThinQ 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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In 2019, Asia Pacific held the largest share of the global Surgical Smart Glasses market. The increasing industrialization and urbanization lead to the dominancy of the region in the Surgical Smart Glasses market. Attributed to the APAC region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the industrial sector, including aerospace, automotive, marine, agricultural, and others, has influenced Surgical Smart Glasses systems'

Impact of COVID-19 Pandemic on Surgical Smart Glasses Market

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of December 2020, the US, India, Brazil, Russia, France, the UK, Italy, Spain, Germany, Colombia, Argentina, and Mexico are among the most affected countries in terms of COVID-19 confirmed cases and reported deaths. According to the latest WHO figures, there are ~81,159,096 confirmed cases and 1,791,246 total deaths across the world. The pandemic is adversely affecting various industries across the world due to lockdowns, travel bans, and business shutdowns.

The report segments the global surgical smart glasses market as follows:

Surgical Smart Glasses Market - by Type
• Wireless Type
• Wire Type

Surgical Smart Glasses Market - by End User
• Hospital
• Clinics
• Others

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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