Asia Pacific 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.

Market Overview and Dynamics

The Asia Pacific surgical smart glasses market is expected to reach US$ 53,978.70 thousand by 2028 from US$ 26,768.88 thousand in 2021; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028.  The increasing use of smart medical devices revolutionizing medical device industry, and rising government support and preference for smart technologies are among the key factors driving the market growth. However, the lack of awareness and infrastructure limits the adoption of surgical smart glasses in emerging countries, thereby hindering the global market growth.

The Internet of things (IoT) is revolutionizing healthcare sectors across the world. Robust R&D activities in this sector have led to innovations in medical devices, including surgical smart glasses. Moreover, many companies are actively engaged in the development of superior products with the help of intelligent computing solutions. In September 2017, Taiwan’s Institute for Information Industry, ADE Technology, National Chin-Yi University of Technology, and A-SPINE Asia Co. Ltd. developed the world’s first smart glasses for medical surgeries, which incorporate mixed reality technologies. The new technology offers 3D virtualizations that can be used to resolve critical problems during orthopedic surgeries. The integration of such technologies to enhance the functionalities of surgical smart glasses would reshape the surgical smart glasses market in the coming years. Also, there is a rise in investments for medical research and development activities across the world. Healthcare players, as well as government authorities, are actively supporting the adoption of smart devices to improve procedural outcomes. With the rising number of product approvals and introductions, healthcare professionals are also opting for smart glasses. Such developments are estimated to offer favorable environment for the growth of the surgical smart glasses market in the coming years.

Countries in the Asia Pacific are facing various challenges due to the escalating incidence of COVID-19. The outbreak has severely affected the tourism industry, thus disturbing supply chains; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. The COVID-19 vaccine has been developed by several pharmaceutical companies, and many countries have undertaken mass vaccination drives. The surgical smart glasses market is growing with the increasing awareness about remote clinical support as an option for surgeons.

Key Market Segments

Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific surgical smart glasses market are the Obesity and Metabolic Surgery Society of India (OSSI), Australian Institute of Health and Welfare (AIHW) and Korea Medical Devices Industry Association (KMDIA).

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ASIA PACIFIC SURGICAL SMART GLASSES MARKET SEGMENTATION

By Type

• Wireless Type
• Wire Type

By Application

• Hospital
• Clinics
• Others

By Country

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Company Profiles

• MEDITHINQ CO., LTD
• Taiwan Main Orthopaedic Biotechnology
• Vuzix Corporation
• AMA XpertEye
• Microsoft HoloLens (Microsoft Corporation)

Asia Pacific Surgical Smart Glasses Market Strategic Insights

Asia Pacific Surgical Smart Glasses Market Segmentation Analysis

Asia Pacific Surgical Smart Glasses Market Report Highlights

Asia Pacific Surgical Smart Glasses Report Scope

Asia Pacific Surgical Smart Glasses Market Country and Regional Insights