Global AR in Healthcare Market to Rise With a CAGR of 25.5% During the Coronavirus Catastrophe
The abrupt outburst of the COVID-19 pandemic has created an optimistic impact on the global AR in healthcare market growth. Increasing applications of AR technologies in medical treatments is fueling the growth of the global market
PUNE, India, July 8, 2020 /PRNewswire/ -- The latest research report on the Global AR in Healthcare Market by Research Dive states the impact of COVID-19 disease on the present and future growth of the market. This report is an in-depth research articulated by analysts by analyzing all the key factors such as regional market conditions, market boomers and decliners, opportunities, and size & scope of the market.
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Key Stats of the Report
The COVID-19 pandemic has affected the global market for AR in healthcare in an optimistic way. According to the report, the global AR in healthcare market had collected a revenue of $321.1 million in 2018 and is predicted to garner $1,918.6 million by growing at a CAGR of 25.5% by 2026. In the current situation, the market has garnered $504.6 million owing to the augmented use of AR in medical treatments and procedures.
Factors Driving the Market Growth amidst Covid-19 Pandemic
The global AR in healthcare market is expected to observe remarkable growth owing to the growing applications of AR in medical training, education, and analysis of surgical activities & rehabilitation of patients. Furthermore, rising usage of connected devices in the medical sector, increase in R&D for AR technologies, reduction of workload of healthcare experts, usage of AR for interactive mechanism, and growing concern to cut down the costs involved in healthcare procedures are estimated to boost the market growth in the course of the coronavirus pandemic period.
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Current Face of the Market Due to Covid-19:
Some of the top players in this market are taking the help of AR technologies for spreading awareness for harmful diseases by providing AR-based patient education. Furthermore, advanced AR technologies such as cameras and sensors are being used for offering information about healthcare activities during this pandemic period. In this turmoil, government bodies are encouraging the use of AR technologies for efficient and precise medical treatments. Several market players are focusing on the product development to withstand this pandemic situation. Healthcare professionals are making use of an AR-based device called AccuVein for detecting or navigating the vein on the human body. This device helps in injecting medicine directly in the vein in the first attempt.
TOP 10 Companies in Augmented Reality (AR) in Healthcare Market
According to the report, the global AR in healthcare sector is estimated to experience substantial growth post-coronavirus pandemic. New entrants and some of the leading players including
- Firsthand Technologies
- CAE Healthcare
- Microsoft
- Mindmaze
- Augmedix
- Intuitive Surgical
- Atheer
- Medical Realities
- Oculus
And others are projected to come up with novel advances and bring in rewarding opportunities for the market growth in the next few years.
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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