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.

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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.

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.
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.