The wireless type segment by type is estimated to lead the market growth during the forecast period.
According to The Insight Partners market research study of “Asia Pacific Surgical Smart Glasses Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, End User and Country.” 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 report highlights trends prevailing in the Asia Pacific surgical smart glasses market and the factors driving market along with those that act as hindrances.
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.
Based on type, the Asia Pacific surgical smart glasses market is segmented into wire type and wireless type. Based on end user, the Asia Pacific surgical smart glasses market is segmented into hospital, clinics, and others. Geographically, the Asia Pacific surgical smart glasses market can be sub-segmented into India, China, South Korea, Australia, Japan and Rest of Asia Pacific.
Taiwan Main Orthopaedic Biotechnology, Vuzix Corporation, AMA XpertEye, MEDITHINQ CO., LTD and Microsoft HoloLens (Microsoft Corporation) are among the leading companies operating in the Asia Pacific surgical smart glasses market.
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