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Global AR in Telemedicine Market by Component, End User, Application, Region: A Report by Absolute Markets Insights

Published On 12 Oct 2022 06:05 PM


Healthcare sector has witnessed tremendous growth over the period of last few decades. The credit for this development needs to be given to continuous innovation in the field of medical science. Telemedicine services is one such invention or practice that is slowly changing the dynamics of the healthcare industry. With the help of telemedicine services, any individual living in any part of this globe can get any medical services from any part of this planet. Telemedicine service has proven to be a great alternative for those people suffering from long-term diseases and are unable to visit the doctor on regular basis. On the other hand, use of augmented reality is revolutionizing majority of industries. Its Integration with telemedicine has helping both patients and doctors. AR is primarily an interactive experience that plays a connecting point between the content that is generated with the help of computer and the real world. AR in telemedicine is extensively used to explain complex surgical procedure, train medical staff and rehabilitation of patients. Right from hospitals to specialty clinics, and home healthcare segments are finding AR in telemedicine services beneficial. Along with being cost efficient, the AR in telemedicine services are helping the doctors, medical experts and the patients save massive amount of time that can be utilized wisely. The impact of the AR in telemedicine services seem to be tailor-made for today’s time as it thrives on speed as it still recovering from the setback given by the coronavirus pandemic. In wake of the situation, majority of people are preferring online consultation to keep the dreadful virus at bay, which is propelling the AR in telemedicine market.

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One of the major factors that has been driving the growth of the AR in telemedicine market is its massive help to the medical fraternity. Use of this technology helps doctors with state-of-the-art tech devices, which significantly contributes to this market’s growth.

Meanwhile, the physical differences through augmented reality are likely to prove challenging for the growth of the AR in telemedicine market. On the other hand, practical applications that revolve around augmented reality will help the AR in telemedicine market witness massive growth over the period of forecast. In terms of growth rate, the global AR in telemedicine market is growing at an estimated 24.2% over the forecast period

By Component, Services segment will witness growth at fastest rate for The AR in Telemedicine Market in 2022

While installation of any new software is a one-time cost, servicing or timely maintenance is a frequent affair. Owing to the recurring form of revenue it makes, the services segment will emerge winner for this market in next few years.

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Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in the AR in Telemedicine Market   

The region of Asia Pacific has been forecasted to emerge top ranker in terms of generating revenue for this market. Healthcare sector in countries like China, India, South Korea and Japan is making tremendous progress each passing day and so is disposable income of people living there.

A few of the key players operating in the global AR in telemedicine market are listed below:

  • Siemens Healthineers
  • CAE Healthcare
  • GE Healthcare
  • Philips Healthcare
  • XRHealth
  • Other Market Participants

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Global AR in Telemedicine Market Segmentation

Global AR in Telemedicine Market has been segmented by component, end user and application which are further classified into respective countries:

Global AR in Telemedicine Market Component Outlook (Revenue, USD Million, 2015 - 2030)

  • Hardware
  • Software
  • Services

Global AR in Telemedicine Market End User Outlook (Revenue, USD Million, 2015 - 2030)

  • Hospitals
    • ICUs
    • Medical/ Surgical
    • ED/ Consults
    • SNFs
    • Others
  • Patients
  • Home Healthcare
  • Clinics
  • Others

Global AR in Telemedicine Market Application Outlook (Revenue, USD Million, 2015 - 2030)

  • Medical training
  • Telemonitoring
  • Guiding an unskilled person
  • Others

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Global AR in Telemedicine Market Regional Outlook (Revenue, USD Million, 2015 - 2030)

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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Press Release Provided By: Absolute Markets Insights