Market Overview:
Augmented reality in healthcare helps doctors to get a better view of the anatomy without cutting the patient open. AR solutions used in healthcare include AR-supported medical imaging and simulation, AR-guided procedures and treatments, and AR-assisted medical training and education. These solutions have great potential in improving surgical outcomes, enhancing medical simulations, and enabling remote clinical training.

Market Dynamics:
Rising demand for AR-supported medical imaging and simulation is a key driver accelerating market growth. AR technology allows physicians to visualize medical imaging scans, like MRI and CT in 3D. This ability improves surgical planning and preparation. Second major driver for this market is growing need for remote surgery and clinical training. AR solutions enables surgeons and trainees to experience remote surgeries and enhance practical experience without risk to patients. These benefits are spurring adoption of AR in the evolving healthcare sector.

SWOT Analysis
Strength: Augmented reality is enhancing healthcare by enabling improved diagnosis and treatment. AR tools allow doctors to visualize CT/MRI scans and guide complex surgeries with 3D anatomical models .Weakness: High initial costs involved in adoption of augmented reality solutions and lack of regulations for data privacy and security. Opportunity: Growing geriatric population suffering from chronic diseases and rising investments in digital healthcare are offering lucrative opportunities. Threats: Concerns regarding device accuracy, data privacy breaches and hacks, and lack of infrastructure in developing nations are major threats hampering market growth.

The global Augmented Reality in Healthcare Market Growth is estimated to be valued at US$ 2.5 Billion in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways

The global Augmented Reality In Healthcare market is expected to witness high growth, exhibiting a CAGR of 26% over the forecast period, due to increasing digitization of healthcare and rising investments in digital healthcare by key players. The growing geriatric population suffering from chronic diseases also provides huge growth opportunities.

The North America region dominates the global augmented reality in healthcare market and is expected to grow at a high CAGR during the forecast period. This is attributed to increasing adoption of advanced technologies and high healthcare expenditure in countries like the US and Canada. The presence of major market players is also propelling regional market growth.

Key players operating in the augmented reality in healthcare market are Siemens Healthineers, Koninklijke Philips N.V., AccuVein Inc., Vuzix Corporation, Augmented Pixels Inc, and Surgical Theater. Key players are focusing on new product launches and collaborations to strengthen their market presence. For instance, in 2022, Siemens Healthineers partnered with Scape Health to offer automated radiology workflow solutions using augmented reality.

Read More: https://click4r.com/posts/g/12905292/