Europe Surgical Smart Glasses Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Wire Type, and Wireless Type) and Application (Hospital, Clinic, and Others)
Market Introduction
Surgical smart glasses have provided a smarter way to perform surgeries across the globe. Surgeons who performs a surgery wear these glasses and expert professionals from outside can view the surgery through these smart glasses and also give advice while performing surgeries. Surgeon in operation theater can communicate with another surgeon with the help of microphones of the glasses and share the surgical view with the wide lens camera on the surgical smart glass.
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Market Overview and Dynamics
The Europe surgical smart glasses market is expected to reach US$ 93,915.65 thousand by 2028 from US$ 49,512.24 thousand in 2021; it is estimated to grow at a CAGR of 9.6% from 2021 to 2028. Key factors driving the market growth include growing emphasis on obtaining superior surgical procedural outcomes and increasing number of surgical procedures performed every year. However, the lack of awareness and infrastructure hinder the adoption surgical smart glasses in emerging countries.
There is a rise in investments for medical research and development activities across the world. Healthcare sectors, as well as government authorities, from different countries are actively supporting the deployment of smart devices to improve procedural outcomes. In addition, increasing Food and Drug Administration (FDA) and Continuing Education (CE)approvals are also anticipated to have a constructive impact on the growth of the surgical smart glasses market during the forecast period. In March 2021, Vuzix Corporation received purchase order for its Vuzix M400 smart glasses, worth of US$ 0.25 million from a healthcare and surgical training solutions provider. According to the company, a substantial number of healthcare professionals in developed regions prefer using smart glasses during surgical procedures. The increasing number of product approvals and introductions is also encouraging healthcare professionals to opt for smart glasses. In July 2020, healthcare professionals at the Manresa University Health Care Network, Spain, procured smart glasses for using them during gastrointestinal surgeries. Such developments are creating favorable environment for the growth of the surgical smart glasses market. Also, the rising prevalence of chronic diseases, such as cancer, diabetes, cardiovascular diseases (CVDs), stroke, and kidney diseases, is resulting in the rise in number of surgical procedures being performed worldwide, eventually boosting the growth of the surgical smart glasses market.
Continuation in the impact of the COVID-19 pandemic on society and healthcare in Europe is compelling healthcare workers to operate with greater precautions, alongside ensuring improved productivity. Cardiologists and other surgeons can use smart glasses for surgical assistance to perform critical procedures with the help of a remote expert. Medtronic, a global healthcare solutions company, announced its plan of setting up a unit for cardiac and vascular surgery assistance smart glasses in a selected number of hospitals in the Benelux region. Therefore, the growing awareness regarding telecommunications systems is likely to boost the demand for surgical smart glasses during the COVID-19 pandemic in Europe, in the coming years.
Key Market Segments
Based on type, the Europe surgical smart glasses market is segmented into wired and wireless. The wireless segment held a larger share of the market in 2020, and it is estimated to register a higher CAGR during the forecast period.
Based on end user, the Europe surgical smart glasses market is segmented into hospital, clinics, and others. The hospital segment held the largest share of the market in 2020, and it is further estimated to register the highest CAGR during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Europe surgical smart glasses market are the German Society for Thoracic and Cardiovascular Surgery (GSTCVS), European Union (EU), and Pharmaceuticals and Medical Devices Agency (PMDA).
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EUROPE SURGICAL SMART GLASSES MARKET SEGMENTATION
By Type
- Wireless Type
- Wire Type
By Application
- Hospital
- Clinics
- Others
By Country
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Company Profiles
- Taiwan Main Orthopaedic Biotechnology
- IRISTICK
- Pixee Medical
- DTU Srl
- Vuzix Corporation
- RODS AND CONES
- AMA XpertEye
- ImmersiveTouch, Inc.
- Microsoft HoloLens (Microsoft Corporation)
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Surgical Smart Glasses Market – By Type
1.3.2 Surgical Smart Glasses Market – By End User
1.3.3 Surgical Smart Glasses Market – By Country
2. Surgical Smart Glasses Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Surgical Smart Glasses Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe – PEST Analysis
4.3 Expert Opinion
5. Surgical Smart Glasses Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Emphasis on Superior Surgical Procedural Outcomes
5.1.2 Increasing Number of Surgical Procedures
5.2 Market Restraints
5.2.1 Lack of Awareness and Infrastructure Challenges to Adopt Surgical Smart Glasses in Emerging Nations
5.3 Market Opportunities
5.3.1 Rising Government Support and Preference for Smart Technologies
5.4 Future Trends
5.4.1 Smart Medical Devices Revolutionizing Medical Device Industry
5.5 Impact Analysis
6. Surgical Smart Glasses Market – Europe Analysis
6.1 Europe Surgical Smart Glasses Market Revenue Forecast and Analysis
7. Surgical Smart Glasses Market Analysis – By Type
7.1 Overview
7.2 Surgical Smart Glasses Market Share, by Type, 2020 and 2028 (%)
7.3 Wire Type
7.3.1 Overview
7.3.2 Wire Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
7.4 Wireless Type
7.4.1 Overview
7.4.2 Wireless Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
8. Surgical Smart Glasses Market Analysis – By End User
8.1 Overview
8.2 Surgical Smart Glasses Market Share, by End User, 2020 and 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Others
8.5.1 Overview
8.5.2 Others: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
9. Surgical Smart Glasses Market – Europe Analysis
9.1 Europe: Surgical Smart Glasses Market
9.1.1 Overview
9.1.2 Europe: Surgical Smart Glasses Market, by Country, 2020 & 2028 (%)
9.1.2.1 Germany: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.1.1 Germany: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.1.2 Germany: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.1.3 Germany: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.2 UK: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.2.1 UK: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.2.2 UK: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.2.3 UK: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.3 France: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.3.1 France: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.3.2 France: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.3.3 France: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.4 Italy: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.4.1 Italy: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.4.2 Italy: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.4.3 Italy: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.5 Spain: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.5.1 Spain: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.5.2 Spain: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.5.3 Spain: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.6 Rest of Europe: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.6.1 Rest of Europe: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.6.2 Rest of Europe: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.6.3 Rest of Europe: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
10. Impact of COVID-19 Pandemic on Europe Surgical Smart Glasses Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Taiwan Main Orthopaedic Biotechnology
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 IRISTICK
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DTU Srl
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Vuzix Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Pixee Medical
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 RODS AND CONES
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 AMA XpertEye
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Microsoft HoloLens (Microsoft Corporation)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services.
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. Germany: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 2. Germany: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 3. UK: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 4. UK: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 5. France: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 6. France: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 7. Italy: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 8. Italy: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 9. Spain: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 10. Spain: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 11. Rest of Europe: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 12. Rest of Europe: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 13. Organic Developments Done By Companies
Table 14. Inorganic Developments Done By Companies
Table 15. Glossary of Terms, Surgical Smart Glasses Market
LIST OF FIGURES
Figure 1. Surgical Smart Glasses Market Segmentation
Figure 2. Surgical Smart Glasses Market – By Country
Figure 3. Surgical Smart Glasses Market Overview
Figure 4. Wireless Type Segment Held Largest Share of Surgical Smart Glasses Market in 2020
Figure 5. Europe Surgical Smart Glasses Market- Leading Country Markets (US$ Thousand)
Figure 6. Europe PEST Analysis
Figure 7. Expert Opinion
Figure 8. Surgical Smart Glasses Market Impact Analysis of Driver and Restraints
Figure 9. Europe Surgical Smart Glasses Market – Revenue Forecast And Analysis – 2020- 2028
Figure 10. Medical devices market Share, by Type, 2020 and 2028 (%)
Figure 11. Wire Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. Wireless Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Surgical Smart Glasses Market Share, by End User, 2020 and 2028 (%)
Figure 14. Hospitals: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Clinics: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. Others: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Europe: Surgical Smart Glasses Market, by Key Country – Revenue (2020) (USD Thousand)
Figure 18. Europe: Surgical Smart Glasses Market, by Country, 2020 & 2028 (%)
Figure 19. Germany: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 20. UK: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 21. France: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 22. Italy: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 23. Spain: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 24. Rest of Europe: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 25. Impact of COVID-19 Pandemic on Surgical Smart Glasses Market in European Countries
- Taiwan Main Orthopaedic Biotechnology
- IRISTICK
- Pixee Medical
- DTU Srl
- Vuzix Corporation
- RODS AND CONES
- AMA XpertEye
- ImmersiveTouch, Inc.
- Microsoft HoloLens (Microsoft Corporation)
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