openPR Logo
Press release

Augmented Reality in Healthcare Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

06-14-2017 05:20 PM CET | Health & Medicine

Press release from: CMI

Augmented Reality in Healthcare Market - Global Industry

Augmented reality is gaining prominence among medical personnel for various applications ranging from surgical preparation assessment to minimally-invasive surgery and rehabilitation. Various healthcare IT-enabled companies are venturing into the augmented reality in healthcare market to capitalize on the high growth opportunities on offer. The million dollar market is witnessing technology disruption and is expected to grow at a robust double digit CAGR during 2016–2024. Augmented reality is finding wide application from medical training to pharmacy benefit management. Moreover, apart from saving patients’ lives, existing processes in healthcare organizations can be made more efficient and precise with the help of augmented reality.

Augmented reality in healthcare market outlook is set to run on similar business model as that of IT industry in 1980s. Many new players are expected to emerge in the market. However, only few would be able to consolidate their position worldwide. Moreover, mergers and acquisitions is projected to be the prevalent trend in augmented reality in healthcare market in near future. As a result, the market is set to be competitive in the near future, with sharp decline in overall prices during the forecast period.

Request Sample Copy of Research @ https://www.coherentmarketinsights.com/insight/request-sample/15

Development of Healthcare IT infrastructure to Support growth of augmented reality in healthcare market scenario

Technological advancements and high demand to minimize healthcare complexity is expected to bolster growth in adoption of augmented reality in near future. Augmented reality in healthcare market revenue is expected to be further driven by increasing workload of healthcare professionals and stringent regulatory compliances in clinical trials and laboratory testing. Rise in healthcare expenditure is a macroeconomic factor that would drive market growth to some extent. Growth is expected to be concentrated in developed regions with robust healthcare infrastructure such as North America and Europe. However, high cost and data security concern associated with augmented reality in healthcare technology would restrict demand to a certain extent during the study period.

Augmented Reality In Healthcare Market Taxonomy:

Coherent market insights has segmented the market on the basis of:

Product Type
Augmented reality
AR Displays
AR Sensors
AR Input Devices
AR Semiconductor Components
Virtual Reality (VR)
VR Semiconductor Components
VR Devices
VR Sensors

Technology

Augmented Reality (AR)
Wearable AR System
Vision-based AR System
Mobile Device-based AR System
Spatial AR System
Virtual Reality (VR)
Semi-immersive VR System
Fully-immersive VR System
Non-immersive VR System

End User

Advertising Agencies
Hospitals and Clinics
Research laboratories
Community Pharmacy
Pharmaceutical and Biotechnology Companies
Academic Institutes Unit
Government Agencies
Other End User

Technological Advancements to Drive Adoption of Augmented Reality Solutions in North America

North America is expected to dominate the global augmented reality in healthcare market size, owing to rising awareness among people and growing demand for augmented reality among people in this region. Moreover, technological advancements in augmented reality is also accentuating market growth in North American. Europe is the next most-dominant market for augmented reality in healthcare market. On an average, the Europe spends over 8% of its GDP on healthcare. Moreover, the region is characterized by the presence of leading companies and technological advancement in field of healthcare.

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/augmented-reality-in-healthcare-market-15

Asia Pacific augmented reality in healthcare market size is projected to grow steadily over the following decade. Asia Pacific is a largely untapped market due to lack of proper healthcare facilities in some Asian countries. However, Asia Pacific (India, China, Australia, Japan, and Malaysia, among others) is expected to be the most lucrative market for augmented reality in healthcare in the near future due to range of driving factors. Rapid economic development and improvement of the healthcare infrastructure is expected to drive regional growth. Latin America and MEA at nascent stage in adoption of the technology in the healthcare sector, with very few companies operating in these regions. However, the markets in these regions are expected to follow upward trajectory toward the latter half of the forecast period.

Product innovation and emphasis on distribution channels are key strategies adopted by augmented reality in healthcare market players

Some of the key market players include Zugara Inc, Vuzix Corporation, Qualcomm Incorporated, Artoolworks Inc, Augmented Pixels Co., Kooaba Ag, and Layar B. V.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

CONTACT US:

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel : +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Augmented Reality in Healthcare Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024 here

News-ID: 578840 • Views: 167

More Releases from CMI

Natural And Organic Flavor Market To Reach Around US$ 10.6 Billion By 2027
CMI published a business research report on “Natural and Organic Flavors: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026”. Natural and Organic Flavors with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items. The Natural and Organic Flavors report stresses the most recent
Chocolate Market By product type, By distribution channeland By region 2027 | Ke …
CMI published a business reserch report on “Chocolate: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026”. Chocolate with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items. The Chocolate report stresses the most recent advancements, development, new chances, and lethargic traps. It gives
What is the current Trend onVideo telemedicine? Huawei technologies Co. Ltd., Po …
Video telemedicine for treating patients is important aspects of telemedicine facility, which facilitates reliable quality and clinical efficiency to in-home care, acute care and ambulatory care. Telehealth continue to gain importance in healthcare industry. Patients are realizing the value of virtual care options and substituting it for in-patient care option. Telemedicine extends the healthcare solutions to the rural patients and to the patients living in the remote location areas, which
11-11-2019 | Health & Medicine
CMI
Robust research and development activities for development of novel oral biologi …
Key players are involved in extensive research and development of novel oral biologics for various conditions In February 2019, researchers at Massachusetts Institute of Technology (MIT) developed a drug capsule with the potential to deliver an oral insulin named SOMA capsule, thereby replacing (or eliminating) the need to administer insulin via injections multiple times a day for patients with type 1 diabetes. The researchers stated that the drugs is currently under

All 5 Releases


More Releases for Augmented

Augmented Reality Technology
Report Overview A comprehensive analysis based on key parameters has been presented by the report published on the Augmented Reality Technology market. Using the data from 2020 to 2026, the report presents the market status and size in a forecast study. This presents the overall market valuation along with the CAGR for the forecast period. The introductory chapter of the report presents an overview of the Augmented Reality Technology market along
Mobile Augmented Reality Market Outlook to 2025 – Wikitude GmbH, Blippar, Infi …
Worldwide Mobile Augmented Reality Market Analysis to 2025 is a specialized and in-depth study of the Mobile Augmented Reality industry with a focus on the global market trend. The report aims to provide an overview of global Mobile Augmented Reality Market with detailed market segmentation by product/application and geography. The global Mobile Augmented Reality Market is expected to witness high growth during the forecast period. The report provides key statistics
Mobile Augmented Reality Market Growth by 2019-2025 with leading: Wikitude GmbH, …
Worldwide Mobile Augmented Reality Market Analysis to 2025 is a specialized and in-depth study of the Mobile Augmented Reality industry with a focus on the global market trend. The report aims to provide an overview of global Mobile Augmented Reality Market with detailed market segmentation by product/application and geography. The global Mobile Augmented Reality Market is expected to witness high growth during the forecast period. The report provides key statistics
Augmented Reality Gaming Market: Augmented Pixels, Aurasma, Blippar, Catchoom
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Augmented Reality Gaming Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report studies the global Augmented Reality Gaming market status and forecast, categorizes the global Augmented Reality Gaming market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan,
Augmented Reality Gaming Market: Augmented Pixels, Aurasma, Blippar, Catchoom
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Augmented Reality Gaming Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report studies the global Augmented Reality Gaming market status and forecast, categorizes the global Augmented Reality Gaming market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South
Augmented Reality in Healthcare Market
Augmented reality is gaining prominence among medical personnel for various applications ranging from surgical preparation assessment to minimally-invasive surgery and rehabilitation. Various healthcare IT-enabled companies are venturing into the augmented reality in healthcare market to capitalize on the high growth opportunities on offer. The million dollar market is witnessing technology disruption and is expected to grow at a robust double digit CAGR during 2016–2024. Augmented reality is finding wide application