The Augmented reality is one of the present trends in the field of healthcare and medicine. Augmented reality transforms the user’s view by superimposing and blanketing information through the 3D elements. The virtual contents are in the variety of sound or imagery frequently applied in 3D models. This technology makes usage of sensors such as computer components, camera, or a display device. It provides its users the capability to see and interrelate with the three-dimensional representation of bodies. The submissions of AR in healthcare involve autism therapy, vein detection, mental health, and education to the healthcare specialists as well as patients.
According to the report analysis, ‘AR in healthcare Market by technology (Head Mounted Devices and Handheld Devices), Type (AR Displays, AR Sensors, AR Input Devices, AR Semiconductor Components, and Others), and End User (Hospitals & Clinics, Research Laboratories, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the AR in healthcare market there are several corporate which presently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the globe during the upcoming duration while spreading the awareness related to the applications of such, implementing the profitable strategies, analyzing and studying the strategies of the competitors and government, delivering the better consumer satisfaction, decreasing the linked prices, advancing the applications of such, employing the young work force and improving the specifications of the technologies includes Microsoft Corporation, Alphabet Inc. (Google), Sony Corporation, Siemens (Siemens Healthcare), Koninklijke Philips N.V. (Philips), AccuVein Inc., EchoPixel, DAQRI, Atheer, Inc, and Orca Health, Inc.
In addition, the worldwide AR in healthcare market was worth at USD 609.60 million in 2018 and is projected to reach USD 4,237.60 million by 2026, dominating a CAGR of 27.4% from 2019 to 2026. However, the AR in healthcare can assist enhance the potential of surgeons and doctors to diagnose and cure their patients more specifically by approving them to admittance their patient’s real time data and better envisage health issues. Thus, AR helps in decreasing the risks associated with minimally invasive processes, provide informed decisions about the treatment, preclusion of diseases, as well as better aftercare for the patients.
Not only has this, the effective rise in usage of augmented reality in diagnostic imaging, surgical simulation, rehabilitation, and patient care management influence the market growth. Furthermore, increase in number of AR based startups and growths in investments in such technologies are projected to further boost growth of the AR in healthcare market around the globe. On the contrary, apprehensions regarding data privacy and shortage of proper healthcare infrastructure are some of the foremost barriers that restrict the market growth. Conversely, augment in the private investments and growth in government assist for integration of such technologies into the healthcare system are likely to deliver the lucrative opportunities for the growth of the AR in Healthcare market during coming future. Therefore, in the coming years, it is predicted that the market of AR in healthcare will increase around the globe more progressively over the inflowing years.
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Ankur Gupta, Head Marketing & Communications