AUGMENTED REALITY IN HEALTHCARE MARKET ANALYSIS

Regional Analysis

Technological Advancements to Drive Adoption of Augmented Reality Solutions in North America

North America is expected to dominate the global augmented reality in healthcare market size, owing to rising awareness among people and growing demand for augmented reality among people in this region. Moreover, technological advancements in augmented reality is also accentuating market growth in North American. Europe is the next most-dominant market for augmented reality in healthcare market. On an average, the Europe spends over 8% of its GDP on healthcare. Moreover, the region is characterized by the presence of leading companies and technological advancement in field of healthcare.  

Asia Pacific augmented reality in healthcare market size is projected to grow steadily over the following decade. Asia Pacific is a largely untapped market due to lack of proper healthcare facilities in some Asian countries. However, Asia Pacific (India, China, Australia, Japan, and Malaysia, among others) is expected to be the most lucrative market for augmented reality in healthcare in the near future due to range of driving factors. Rapid economic development and improvement of the healthcare infrastructure is expected to drive regional growth. Latin America and MEA at nascent stage in adoption of the technology in the healthcare sector, with very few companies operating in these regions. However, the markets in these regions are expected to follow upward trajectory toward the latter half of the forecast period.