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AR in Healthcare Market to Reach $4.23 Bn, Globally, by 2026 at 27.4% CAGR: Allied Market Research

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Allied Market Research

16 Mar, 2020, 13:15 GMT

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Surge in application of AR in diagnostic imaging, rehabilitation, surgical simulation, and patient care management along with increase in number of AR-based startups drive the global AR in healthcare market.

PORTLAND, Oregon, March 16, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "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." According to the report, the global Augmented Reality (AR) In Healthcare Industry garnered $609.60 million in 2018, and is estimated to reach $4.23 billion by 2026, growing at a CAGR of 27.4% from 2019 to 2026.

Prime determinants of growth

Surge in application of AR in diagnostic imaging, rehabilitation, surgical simulation, and patient care management along with increase in number of AR-based startups drive the global AR in healthcare market. However, concerns related to data privacy and lack of proper infrastructure hinder the market growth. On the other hand, rise in investments in AR technologies and supportive government policies for integrating new technologies into healthcare would offer new opportunities in coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6460 

The handheld segment to maintain its leadership status throughout the forecast period

Based on technology, the handheld segment held more than three-fifths of the total share of the global AR in healthcare market in 2018, and is estimated to maintain its leadership status throughout the forecast period. This is due to surge in usage and convenience of the AR technology. However, the head mounted segment would witness the highest CAGR of 27.9% from 2019 to 2026, owing to rise in application of head-mounted devices in the fields of research and medicine.

The hospitals & clinics segment to maintain its dominant position in terms of revenue by 2026

Based on end user, the hospitals & clinics segment held the largest market share of the global AR in healthcare market in 2018, contributing to nearly three-fifths of the total share, and is estimated to maintain its dominant position in terms of revenue during the forecast period. This is attributed to increase in usage of augmented reality applications for surgeons to gain assistance during surgeries in hospitals. However, the research laboratories segment is expected to witness a CAGR of 26.8% from 2019 to 2026.

North America to maintain its highest share during the forecast period

Based on region, North America accounted for the highest market share, contributing to more than two-fifths of the global AR in healthcare market in 2018, and is expected to maintain its highest share during the forecast period. This is due to surge in private & government funding for developing these technologies in the healthcare industry and availability of advanced healthcare infrastructure. However, Asia-Pacific is expected to grow at the fastest CAGR of 29.3% from 2019 to 2026, owing to rise in acceptance of AR technologies in various industries and the presence of key vendors.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6460 

Market players grabbing the largest pie

  • Microsoft Corporation
  • Alphabet Inc. (Google)
  • Sony Corporation
  • Siemens (Siemens Healthcare)
  • Koninklijke Philips N.V. (Philips)
  • AccuVein Inc.
  • EchoPixel
  • DAQRI
  • Atheer, Inc.
  • Orca Health, Inc.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
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India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
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