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Augmented Reality in Health Care Market: Phenomenal Growth, Key Driving Factors, and Emerging Trends
Augmented Reality in Health Care Market
Projected to reach $12.89 billion by 2029 with a robust CAGR of 34.4%, the augmented reality in health care market is revolutionizing surgical procedures, medical training, patient care, treatment planning and more.
What Is The Projected Market Size Of The Global Augmented Reality In Health Care Market, and What Is Its Growth Rate?
The Augmented Reality in Health Care market has demonstrated impressive growth in recent years:
- Market size was $3.05 billion in 2024, and it is projected to reach $3.95 billion in 2025, growing at a CAGR of 29.4%.
- By 2029, the market size is expected to surge exponentially to $12.89 billion at a CAGR of 34.4%.
This growth is primarily due to enhancements in surgical procedures, medical training and education, patient care and treatment planning, remote assistance and telemedicine, and diagnostic imaging enhancements.
What Is Driving The Growth In The Augmented Reality In Health Care Market?
The increasing geriatric population is playing a major role in driving the growth of the augmented reality in health care market. The number of elderly people is rising rapidly globally, and this trend is anticipated to continue. This population segment is more susceptible to diseases and conditions that require surgery. Augmented reality in surgeries allows surgeons to visualize the patient's anatomy in real-time next to their MRI and CT scan data. According to the Physical Review B Journal, by 2060, the number of Americans aged 65 and above is expected to nearly quadruple to 95 million, comprising 23% of the total population. This surge in the geriatric population is accelerating the growth of the augmented reality in healthcare market.
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Who Are the Key Players Driving Augmented Reality In Health Care Market Growth?
Some of the major players in the augmented reality in health care market include:
- 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
- And many more.
What Are The Key Trends In The Augmented Reality In Health Care Market?
Key trends observed in the market include:
- Diagnostic imaging based on AR
- Extensive use in pharmaceutical research and development
- AR wearables for health monitoring
- Enhanced mental health support
- Integration with electronic health records (EHR).
What Are The Segments Of The Global Augmented Reality In Health Care Market?
The Global Augmented Reality in Health Care Market is categorized into:
- By Product: Hardware, Software
- By Technology: Wearable, Vision-Based, Spatial, Mobile Device-Based
- By Device Type: Head-Mounted Displays, Handheld Devices, Other Device Types
- By End-User: Hospitals And Clinics, Research Laboratories, Other End Users
Which Region Leads The Augmented Reality In Health Care Market?
North America was the largest region in the augmented reality in health care market in 2024. Its ongoing advancement in technology and prevalence of key market participants are contributing to its dominance in the market.
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What Is Covered In The Augmented Reality In Health Care Market Global Market Report?
The Market Report features detailed analyses, focusing on market size, player presence, segmentation, growth trends, contributions, growth drivers, industry challenges, and competitive developments.
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