AR & VR in Surgery Market Size - Forecast to 2026

As per the research conducted by GME, the AR & VR in Surgery Market will grow with a CAGR value of around 30 percent over the forecast period.

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By Component (Hardware, Software, Service), By Technology (Augmented Reality [Surgery, Training & Simulation], Virtual Reality [Surgery, Training & Simulation]), By Product (Robotic, Wearable Devices, Non-Wearable Devices), By Surgery Type (Ophthalmology, Neurosurgery, Microsurgeries, Orthopedic), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

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Augmented Reality (AR) & Virtual Reality (VR) in surgery provides an effective advantage to the doctors while doing the operation. The technology helps in making better decisions, improved operation process, and attaining desirable results. These AI processes are gaining high adoption in training and simulation programs. Various medical institutes are procuring and implementing these tools and products to teach their students and offer them a better environment. Increasing investment in surgical robotic arms and other wearable devices will positively support the market expansion.

Wearable devices will witness the highest growth
Wearable devices such as helmets, head mounted display, and glasses will foresee the highest CAGR during the forecast period. Increasing need for these devices during operation to ease the experience, better judgment, and training are key advantages offered by these products.

Ophthalmology and orthopedic surgeries gaining high attention
Currently, the industry is witnessing high penetration from ophthalmology and orthopedic operations. Higher compatibility, suitability, easy operation process, and better results are major properties seen in these medical fields. However, neurosurgery holds a high potential in the near future owing to the consistent development in the related products to offer improved operation experience both to the doctors and patients.

North America dominated the regional share
North American AR & VR in surgery market, led by the U.S. and Canada dominated the overall industry. Heavy investment in medical innovation products accompanies by emerging trends to implement the latest AI devices and solutions in the surgical field are major advantages witnessed in the region. Also, the presence of various tech startups offering customized solution offerings to the diversified medical fields and applications will fuel the regional industry expansion.

Product approval and recognition in the international market will be prime strategies
The global industry share is at its development phase and witnessing huge market expansion every year. As of now, the number of providers is limited due to the certification and approval processes by the respective regulatory authorities. However, the industry holds huge potential for new companies in the coming years as the industry enters into a maturity phase.
Key identified providers include TrueVision, ImmersiveTouch, EchoPixel, FundamentalVR, SentiAR, Osso VR, Augmented Intelligence, Surgical Theater, Proximie, Augmedics, Vicarious Surgical, Medivis, Touch Surgery, HoloAnatomy, and Proprio Vision. Attaining global recognition and approval to commercialize the product internationally are the prime concerns of the companies.

Component Outlook (Revenue, USD Million, 2021-2026)
• Hardware
• Software
• Service

Technology Outlook (Revenue, USD Million, 2021-2026)
• Augmented Reality
• Surgery
• Training & simulation
• Virtual Reality
• Surgery
• Training & simulation

Product Outlook (Revenue, USD Million, 2021-2026)
• Robotic
• Wearable devices
• Non-wearable

Surgery Type Outlook (Revenue, USD Million, 2021-2026)
• Ophthalmology
• Neurosurgery
• Microsurgeries
• Microsurgeries
• Orthopedic
• Others

Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
• Spain
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE

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