Asia Pacific 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 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).
Reasons to buy the report
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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)
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 Asia Pacific– 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 – Asia Pacific Analysis
6.1 Asia Pacific 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 – Asia Pacific Analysis
9.1 Asia Pacific: Surgical Smart Glasses Market
9.1.1 Overview
9.1.2 Asia Pacific: Surgical Smart Glasses Market, by Country, 2020 & 2028 (%)
9.1.2.1 China: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.1.1 China: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.1.2 China: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.1.3 China: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.2 Japan: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.2.1 Japan: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.2.2 Japan: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.2.3 Japan: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.3 India: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.3.1 India: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.3.2 India: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.3.3 India: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.4 Australia: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.4.1 Australia: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.4.2 Australia: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.4.3 Australia: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.5 South Korea: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.5.1 South Korea: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.5.2 South Korea: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.5.3 South Korea: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
9.1.2.6 Rest of Asia Pacific: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.6.1 Rest of Asia Pacific: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.2.6.2 Rest of Asia Pacific: Surgical Smart Glasses Market, by Type, 2019–2028 (USD Thousand)
9.1.2.6.3 Rest of Asia Pacific: Surgical Smart Glasses Market, by End User, 2019–2028 (USD Thousand)
10. Impact of COVID-19 Pandemic on Asia Pacific Surgical Smart Glasses Market
10.1 Asia Pacific: 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 MEDITHINQ CO., LTD
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 Taiwan Main Orthopaedic Biotechnology
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 Vuzix Corporation
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 AMA XpertEye
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 Microsoft HoloLens (Microsoft Corporation)
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
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. China: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 2. China: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 3. Japan: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 4. Japan: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 5. India: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 6. India: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 7. Australia: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 8. Australia: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 9. South Korea: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 10. South Korea: Surgical Smart Glasses Market, by End User – Revenue and Forecast to 2028 (USD Thousand)
Table 11. Rest of Asia Pacific: Surgical Smart Glasses Market, by Type – Revenue and Forecast to 2028 (USD Thousand)
Table 12. Rest of Asia Pacific: 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 6. Asia Pacific Surgical Smart Glasses Market- Leading Country Markets (US$ Thousand)
Figure 7. Asia Pacific PEST Analysis
Figure 8. Expert Opinion
Figure 9. Surgical Smart Glasses Market Impact Analysis of Driver and Restraints
Figure 10. Asia Pacific Surgical Smart Glasses Market – Revenue Forecast And Analysis – 2020- 2028
Figure 11. Medical devices market Share, by Type, 2020 and 2028 (%)
Figure 12. Wire Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Wireless Type: Surgical Smart Glasses Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Surgical Smart Glasses Market Share, by End User, 2020 and 2028 (%)
Figure 15. Hospitals: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. Clinics: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Others: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Asia Pacific: Surgical Smart Glasses Market, by Key Country – Revenue (2020) (USD Thousand)
Figure 19. Asia Pacific: Surgical Smart Glasses Market, by Country, 2020 & 2028 (%)
Figure 20. China: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 21. Japan: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 22. India: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 23. Australia: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 24. South Korea: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 25. Rest of Asia Pacific: Surgical Smart Glasses Market – Revenue and Forecast to 2028 (USD Thousand)
Figure 26. Impact of COVID-19 Pandemic on Surgical Smart Glasses Market in Asia Pacific Countries
- MEDITHINQ CO., LTD
- Taiwan Main Orthopaedic Biotechnology
- Vuzix Corporation
- AMA XpertEye
- Microsoft HoloLens (Microsoft Corporation)
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