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Geriatric Population Surge Fuels Growth Of Augmented Reality In Healthcare Market: Critical Driver Shaping the Global Augmented Reality In Health Care Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Augmented Reality In Health Care Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of augmented reality in healthcare has seen substantial growth in the past few years. The market, which was valued at $3.05 billion in 2024, is projected to expand to $3.92 billion in 2025. This forecasted growth represents a compound annual growth rate (CAGR) of 28.3%. Various factors have influenced this past growth, including improvements in surgical procedures, advancements in medical education and training, better patient care and treatment planning, support of remote assistance and telemedicine, and development in diagnostic imaging.
Augmented Reality In Health Care Market Size Forecast: What's the Projected Valuation by 2029?
The market size of augmented reality in healthcare is predicted to see a remarkable surge in the coming years, with projections that it will expand to $12.47 billion by the year 2029, growing at a Compound Annual Growth Rate (CAGR) of 33.6%. The anticipated growth during the forecast period can be attributed to the broad adoption of this technology in the rehabilitation sector, its increased application in mental health therapy, as well as patient interaction and compliance. Key trends expected in the forecast period include diagnostic imaging based on augmented reality, innovative research and developments in pharmaceuticals, the use of AR wearables in health monitoring, increased support for mental health, as well as integration with electronic health records (EHR).
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What Are the Drivers Transforming the Augmented Reality In Health Care Market?
The expected rise in the number of elderly people worldwide is projected to fuel the expansion of the augmented reality sector in healthcare. The global increase in the aging population, which is anticipated to continue in the forecast period, often entails a greater prevalence of various diseases and conditions that necessitate surgical intervention. Utilizing AR in surgical procedures can aid surgeons in viewing a patient's anatomical structure alongside their MRI and CT scan information. For example, data from the Physical Review B (PRB) Journal suggests that by 2060, Americans aged 65 and above are projected to almost quadruple to 95 million, forming 23% of the overall population. Thus, the surge in the geriatric populace is a significant factor in the advancement of augmented reality in the healthcare market.
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What Long-Term Trends Will Define the Future of the Augmented Reality In Health Care Market?
The AR in healthcare market is being strongly influenced by new product introductions. Key players in the AR healthcare field are directing their efforts towards innovative solutions to enhance procedural precision. For instance, Enovis, a medical technology firm based in the Netherlands, unveiled ARVIS, an augmented reality visualization and information system, in July 2022. This was after its successful use in over 200 cases in the United States. Recognized as a standalone, hands-free AR technology specifically crafted for orthopedic surgeons, ARVIS facilitates real-time, accurate guidance during hip and knee surgeries. This empowers surgeons to perform procedures with additional assistance from augmented reality. The principal objective of ARVIS is to provide surgeons with better information, increased confidence, and an enhanced surgical experience. It harmoniously incorporates into their workflow without the necessity for any disruptive or unnecessary hardware.
Which Segments in the Augmented Reality In Health Care Market Offer the Most Profit Potential?
The augmented reality in health caremarket 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
Subsegments:
1) By Hardware: AR Headsets, Smart Glasses, Wearable AR Devices, Mobile Devices, Sensors and Cameras
2) By Software: AR Applications, Simulation Software, Remote Assistance Software, Patient Engagement Software, Data Management Software
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Which Firms Dominate the Augmented Reality In Health Care Market by Market Share and Revenue in 2025?
Major companies operating 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., 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, Nanome Inc., Brain Power Inc., OxfordVR Ltd., Health Scholars Inc., MediView XR Inc., ARToolworks Inc., CAE Healthcare Inc.
Which Regions Offer the Highest Growth Potential in the Augmented Reality In Health Care Market?
North America was the largest region in the augmented reality in health care market in 2024. The regions covered in the augmented reality in health care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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