Wireless Type Segment to Contribute Major Share to Surgical Smart Glasses Market during 2021–2028
According to our new market research study on “Surgical Smart Glasses Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market is expected to reach US$ US$ 303,934.14 thousand by 2028 from US$ 145,287.76 thousand in 2020; it is estimated to grow at a CAGR of 9.9% from 2020 to 2028. The report highlights the trends prevailing in the market along with the market drivers and deterrents. The factors such as growing emphasis on superior surgical procedural outcomes and increasing number of surgical procedures fuel the market growth.
Nowadays, healthcare professionals are emphasizing on the utilization of digital instruments and systems to raise the quality of patient treatment and experiences. The healthcare systems across the world are witnessing adoption of smart glasses and wearable computing devices during surgical procedures with an aim to offer superior surgical outcomes. Smart glasses are web-connected wearable computing devices, used to transmit multiple types of data and project it on monitors. In general, a hands-free system is majorly preferred by surgeons as their hands are busy. The smart glasses offer functionalities of standard computers such as voice commands, eye movements, gestures, and simple tactile commands. Further, the glasses can also be used for recording, streaming video, teleconferences, data transmission, and tele mentoring, among others. Moreover, the glasses enable synchronous visualization of bones and tissues on the screen during a surgical procedure. Such images allow surgeons to take accurate and rapid surgical decisions. In addition, the smart glasses help to increase the surgical precision, as well as reduce overall surgical procedural duration by 30%.
The increasing emphasis on achieving improved treatment outcomes is actively contributing to the growth of the surgical smart glasses market. There is high possibility of the occurrence of adverse effects of many surgical procedures, which might as well lead to mortality. Therefore, in crucial cases, it becomes very essential to utilize advanced equipment to avoid possible ill-effects. According to a study published by the World Health Organization (WHO) in 2019, unsafe medical care causes ~2.6 million deaths each year in the low- and middle-income countries. Such significant extent of lethality is anticipated to boost the adoption of advanced computing devices, which will eventually bolster the growth of surgical smart glasses market during the forecast period.
Based on type, the global surgical smart glasses market is bifurcated into wireless type and wire type. In 2020, the wireless type segment held a larger share in the market. Moreover, the market for the same segment is expected to hold a higher market share by 2028. The wireless surgical smart glasses allow real-time streaming video of surgery to multiple locations, by reducing travel time and enabling access of healthcare to remote locations. This factor, in turn, is likely to boost the demand for surgical smart glasses across the world in the forecast period.
The COVID-19 pandemic is having the significant positive impact on the surgical smart glasses market. COVID-19 vaccine has been developed by several pharmaceutical companies and is vaccination has been started. Thus, the surgical smart glasses market is growing due to the increasing awareness about remote clinical support as an option for surgeons, which is also anticipated to have a positive impact on the other segments of the market in the coming months. On the other side, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth.
A few prominent players operating in the surgical smart glasses market are MEDITHINQ CO., LTD; Taiwan Main Orthopaedic Biotechnology; IRISTICK; DTU Srl.; Vuzix Corporation; Pixee Medical; RODS AND CONES.; AMA XpertEye; ImmersiveTouch, Inc.; and Microsoft Corporation.
Market players are introducing new and innovative products and services to sustain their position in the surgical smart glasses market. For instance, in Jun 2020, MediThinQ commercially launched wireless smart glasses GV-200C. These wireless smart glasses solutions provide surgical site vision to front of eyes regardless of surgeon's position and orientation. Surgeon is able to have identical image on smart glasses instead of monitor for convenience and higher efficiency.
The report segments the global surgical smart glasses market as follows:
Surgical Smart Glasses Market – by Type
Surgical Smart Glasses Market – by End User
Surgical Smart Glasses Market – by Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
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