North America Surgical Smart Glasses Market
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.
Strategic insights for the North America 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 65,626.48 thousand |
| Market Size by 2028 | US$ 140,447.96 thousand |
| Global CAGR (2021 - 2028) | 10.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America surgical smart glasses market is expected to reach US$ 140,447.96 thousand by 2028 from US$ 65,626.48 thousand in 2021; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028. Growing emphasis on obtaining superior surgical procedural outcomes and the increasing number of surgical procedures performed every year are among the key factors driving the market growth. However, the lack of awareness and infrastructure limit the adoption of surgical smart glasses in emerging countries, thus hindering the market growth.
Smart glasses and wearable computing devices are being used by healthcare professionals across the world during surgeries. The smart glasses help them produce superior outcomes by enabling the functionalities of standard computers, including voice commands, eye movements, gestures, and simple tactile commands. Moreover, these glasses aid in the real-time visualization of bones and tissues on the paired screen during surgeries. They also help increase surgical precision and reduce overall surgical procedural duration by 30%. Many surgical procedures are associated with the possibility of certain adversities, which might as well lead to mortality. Therefore, in crucial cases, it becomes 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 every year in the low- and middle-income countries. Such a vast extent of lethality is anticipated to boost the adoption of surgical smart glasses and other advanced tools and devices during the forecast period. The rising prevalence of chronic diseases, such as cancer, diabetes, cardiovascular diseases (CVDs), stroke, and kidney diseases, is leading to surge in the number of surgical procedures being performed, which would eventually boost the surgical smart glasses market growth.
Companies in North America are taking several initiatives for combating the COVID-19 pandemic. In January 2021, BioSig Technologies, Inc. announced a partnership with Vuzix Corporation, a leading supplier of smart glasses and augmented reality (AR) technology and products. BioSig Technologies, a medical technology company, is commercializing an innovative signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals. It would deploy Vuzix's M400 Smart Glasses for the remote servicing of its PURE EP System, as a part of the nationwide rollout plan of BioSig's novel real-time signal processing platform to the large and growing electrophysiology market in the US. The remote servicing support offers an ideal solution for the travel restrictions imposed amid the pandemic. Thus, the elevating awareness about remote clinical support option available for surgeons is contributing to the surgical smart glasses market growth.
Based on type, the North America 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 North America 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.
A few of the primary and secondary sources associated with this report on the North America surgical smart glasses market are the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO) and Food and Drug Administration (FDA).
The North America Surgical Smart Glasses Market is valued at US$ 65,626.48 thousand in 2021, it is projected to reach US$ 140,447.96 thousand by 2028.
As per our report North America Surgical Smart Glasses Market, the market size is valued at US$ 65,626.48 thousand in 2021, projecting it to reach US$ 140,447.96 thousand by 2028. This translates to a CAGR of approximately 10.2% during the forecast period.
The North America Surgical Smart Glasses Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Surgical Smart Glasses Market report:
The North America Surgical Smart Glasses Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Surgical Smart Glasses Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Surgical Smart Glasses Market value chain can benefit from the information contained in a comprehensive market report.
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