Europe Surgical Smart Glasses Market

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.

Europe Surgical Smart Glasses Strategic Insights

Strategic insights for the Europe Surgical Smart Glasses provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Surgical Smart Glasses Report Scope

Europe Surgical Smart Glasses Regional Insights

The geographic scope of the Europe Surgical Smart Glasses refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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)