Market Overview:
The global medical smart glasses market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, the growing adoption of medical smart glasses by healthcare professionals for various applications such as medical education, video recording, telementoring, reading data, and checking medical records is also contributing to the growth of this market. However, factors such as high cost and lack of standardization are restraining the growth of this market. Based on type, Windows-based medical smart glasses held a major share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their easy operability with existing hospital information systems (HIS) and low cost as compared to Android-based medical smart glasses. However, Android-based medical smart glasses are expected to witness higher growth rates during the forecast period due their features such as voice recognition capabilities and augmented reality (AR). Based on application, video recording held a major share in 2017 owingto its ability toreproduce real-time imagesand videosof surgical procedures which helpsin better understanding for surgeons who are not present atthe surgery theater .
Product Definition:
Medical Smart Glasses are glasses that have been equipped with technology that allows the user to access information or communicate with others while still being able to see through the lens of the glasses. The importance of Medical Smart Glasses is that they can provide a hands-free way for a clinician to access information while caring for a patient.
Windows Based Medical Smart Glasses:
Smart glass is a type of intelligent or interactive eyewear, which includes a range of features that enhance the user experience. These glasses are capable of performing several tasks such as recording video, taking diagnostic images and sending them to the physician for further analysis. The smart glass in medical glasses provides benefits such as enhanced visual acuity, better field Of view (FOV), increased resolution and contrast along with low power consumption compared to LCD screens used in other types of smart eyewear.
Android Based Medical Smart Glasses:
Android-based medical smart glasses are wearable technology devices that provide information to the user about his/her surroundings. These devices have applications in both, mobile and desktop platforms. The Android platform is used by a large number of companies for making their products compatible with smart glass lenses.
Application Insights:
Medical education was the largest application segment in the global medical smart glasses market in 2017. The growth can be attributed to increasing usage of these devices for providing real-time video consultation services to physicians. Moreover, introduction of new products by prominent players such as Google and Microsoft is expected to boost product demand over the forecast period. For instance, Microsoft introduced HoloLens 2 with enhanced features including 3D scanning and modeling, which is expected to drive demand for augmented reality applications across various industries such as manufacturing and construction among others.
Video recording held a significant share in 2018 owing to its wide application across different healthcare fields including neurology, cardiology among others. Video recording allows patients or witnesses accounts from their perspective which helps during police investigations or court cases where testimony of eyewitnesses is important for proving facts related incident/crime etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for smart classroom projects, rising adoption of medical education programs based on real-time monitoring and growing usage of tablets and smartphones for educational as well as diagnostic purposes.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure, rising number of smartphone users, technological advancements in Glassware software and Google Android operating system along with a rise in demand for eHealth services provided through mobile apps. Moreover, an increase in investments by governments & private entities coupled with favorable policies aimed at promoting use of technology will drive regional market growth over the next eight years (from 2018 to 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical smart glasses market is expected to grow at a CAGR of over 16% during the forecast period. One of the key growth drivers for this market is the increasing demand for minimally invasive surgeries. Smart glasses help surgeons to have a clear view of the surgical area, which reduces the chances of errors and improves patient safety.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of over 7% during the forecast period. This will lead to an increase in incidences of age-related disorders, such as cataracts, glaucoma, and macular degeneration, which will drive demand for medical smart glasses products globally.
- Rising prevalence of chronic diseases: The global prevalence rate for chronic diseases such as diabetes and cancer is on the rise due to changing lifestyles and aging populations across regions worldwide. This has led healthcare providers to focus on preventive care measures rather than treatment-based approaches only; this will create opportunities for growth in medical smart glasses market during the forecast period 2016-2024 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Smart Glasses Market Research Report
By Type
Windows Based Medical Smart Glasses, Android Based Medical Smart Glasses
By Application
Medical Education, Video Recording, Telementoring, Reading Data, Check Medical Records
By Companies
Microsoft, Oculus VR, HTC Corporation, SONY, Seiko Epson, Lumus Ltd., Meta, Vuzix, Recon Instuments, Google Glass
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Medical Smart Glasses Market Report Segments:
The global Medical Smart Glasses market is segmented on the basis of:
Types
Windows Based Medical Smart Glasses, Android Based Medical Smart Glasses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Education, Video Recording, Telementoring, Reading Data, Check Medical Records
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- Oculus VR
- HTC Corporation
- SONY
- Seiko Epson
- Lumus Ltd.
- Meta
- Vuzix
- Recon Instuments
- Google Glass
Highlights of The Medical Smart Glasses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Windows Based Medical Smart Glasses
- Android Based Medical Smart Glasses
- By Application:
- Medical Education
- Video Recording
- Telementoring
- Reading Data
- Check Medical Records
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Smart Glasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical Smart Glasses are a type of wearable technology that can be used to improve patient care. They are designed to provide physicians and other healthcare professionals with real-time information about a patient's health status, including their vital signs, medications, and medical history. Medical Smart Glasses can also help doctors diagnose and treat patients more quickly and accurately.
Some of the major players in the medical smart glasses market are Microsoft, Oculus VR, HTC Corporation, SONY, Seiko Epson, Lumus Ltd., Meta, Vuzix, Recon Instuments, Google Glass.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Smart Glasses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Smart Glasses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Smart Glasses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Smart Glasses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Smart Glasses Market Size & Forecast, 2020-2028
4.5.1 Medical Smart Glasses Market Size and Y-o-Y Growth
4.5.2 Medical Smart Glasses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Windows Based Medical Smart Glasses
5.2.2 Android Based Medical Smart Glasses
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Education
6.2.2 Video Recording
6.2.3 Telementoring
6.2.4 Reading Data
6.2.5 Check Medical Records
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Smart Glasses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Smart Glasses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Windows Based Medical Smart Glasses
9.6.2 Android Based Medical Smart Glasses
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Education
9.10.2 Video Recording
9.10.3 Telementoring
9.10.4 Reading Data
9.10.5 Check Medical Records
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Windows Based Medical Smart Glasses
10.6.2 Android Based Medical Smart Glasses
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Education
10.10.2 Video Recording
10.10.3 Telementoring
10.10.4 Reading Data
10.10.5 Check Medical Records
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Windows Based Medical Smart Glasses
11.6.2 Android Based Medical Smart Glasses
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Education
11.10.2 Video Recording
11.10.3 Telementoring
11.10.4 Reading Data
11.10.5 Check Medical Records
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Windows Based Medical Smart Glasses
12.6.2 Android Based Medical Smart Glasses
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Education
12.10.2 Video Recording
12.10.3 Telementoring
12.10.4 Reading Data
12.10.5 Check Medical Records
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Windows Based Medical Smart Glasses
13.6.2 Android Based Medical Smart Glasses
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Education
13.10.2 Video Recording
13.10.3 Telementoring
13.10.4 Reading Data
13.10.5 Check Medical Records
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Smart Glasses Market: Competitive Dashboard
14.2 Global Medical Smart Glasses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 Oculus VR
14.3.3 HTC Corporation
14.3.4 SONY
14.3.5 Seiko Epson
14.3.6 Lumus Ltd.
14.3.7 Meta
14.3.8 Vuzix
14.3.9 Recon Instuments
14.3.10 Google Glass
