Augmented Reality In Health Care Market Growth, Growth Demand, Key Drivers, Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2122

The Business Research Company presents an extensive market research report on the Augmented Reality In Health Care Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The augmented reality in health care market size has grown exponentially in recent years. It will grow from $2.38 billion in 2023 to $3.11 billion in 2024 at a compound annual growth rate (CAGR) of 30.6%. The growth in the historic period can be attributed to enhanced surgical procedures, medical training and education, patient care and treatment planning, remote assistance and telemedicine, diagnostic imaging enhancements.

The augmented reality in health care market size is expected to see exponential growth in the next few years. It will grow to $9.49 billion in 2028 at a compound annual growth rate (CAGR) of 32.2%. The growth in the forecast period can be attributed to widespread adoption in rehabilitation, expanded use in mental health treatment, patient engagement and adherence. Major trends in the forecast period include are-based diagnostic imaging, pharmaceutical research and development, AR wearables for health monitoring, enhanced mental health support, integration with electronic health records (EHR).

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Key Market Players:

Major companies operating in the augmented reality in health care market report are Google LLC, Microsoft Corporation Inc., Sony Corporation, Siemens Healthineers, Koninklijke Philips N.V., 3D Systems Corporation, Magic Leap Inc., Augmedics Ltd., Augmedix Inc., AccuVein Inc., VirtaMed AG, BioDigital Inc., Vuzix Corporation, Karuna Labs Inc., AppliedVR Technology, Osterhout Design Group Inc., Atheer Inc., EchoPixel Inc., Medsight Solutions LLC, FundamentalVR Ltd., Augmented Intelligence Inc., seeCOLe LLC, DAQRI Inc., Nanome Inc., Brain Power Inc., OxfordVR Ltd., Health Scholars Inc., MediView XR Inc., ARToolworks Inc., CAE Healthcare Inc.

Market Drivers:

The increasing geriatric population is expected to propel the growth of augmented reality in the healthcare market over the 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 several diseases and ailments that require surgery. The use of AR in surgeries allows surgeons to visualize a patient's 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 increasing geriatric population drives the augmented reality in healthcare market growth.

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The augmented reality in health care market covered in this report is segmented -

1) By Product: Hardware, Software
2) By Technology: Wearable, Vision-Based, Spatial, Mobile Device-Based
3) By Device Type: Head-Mounted Displays, Handheld Devices, Other Device Types
4) By End-User: Hospitals And Clinics, Research Laboratories, Other End Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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