North America 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 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.

Key Market Segments

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.

Major Sources and Companies Listed

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).

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NORTH AMERICA SURGICAL SMART GLASSES MARKET SEGMENTATION

Ty Type

• Wireless Type
• Wire Type

By Application

• Hospital
• Clinics
• Others

By Country

• US
• Canada
• Mexico

Company Profiles

• Taiwan Main Orthopaedic Biotechnology
• IRISTICK
• Vuzix Corporation
• AMA XpertEye
• ImmersiveTouch, Inc.
• Microsoft HoloLens (Microsoft Corporation)

North America Surgical Smart Glasses Market Strategic Insights

North America Surgical Smart Glasses Market Segmentation Analysis

North America Surgical Smart Glasses Market Report Highlights

North America Surgical Smart Glasses Report Scope

North America Surgical Smart Glasses Market Country and Regional Insights