Surgical Smart Glasses Market is expected to reach US$ 303,934.14 thousand by 2028

Growing Emphasis on Superior Surgical Procedural Outcomes Drives Growth of Surgical Smart Glasses Market

According to our latest market research study on “Surgical Smart Glasses Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market is expected to reach US$  303,934.14 thousand by 2028 from US$ 145,287.76 thousand in 2020; it is estimated to grow at a CAGR of 9.9% from 2020 to 2028. The report highlights the trends prevailing in the market, along with market drivers and deterrents.

Based on type, the global surgical smart glasses market is bifurcated into wireless type and wire type. In 2020, the wireless type segment held a larger share in the market. Moreover, the market for the same segment is expected to hold a higher market share by 2028. The wireless surgical smart glasses allow real-time streaming video of surgery to multiple locations, by reducing travel time and enabling access of healthcare to remote locations. This factor, in turn, is likely to boost the demand for surgical smart glasses across the world in the forecast period.

The factors such as growing emphasis on superior surgical procedural outcomes and increasing number of surgical procedures drive the growth of the global surgical smart glasses market. However, the lack of awareness and infrastructure challenges to adopt surgical smart glasses in emerging nations hinder the market growth.

The COVID-19 pandemic is having the significant positive impact on the surgical smart glasses market. COVID-19 vaccine has been developed by several pharmaceutical companies and is vaccination has been started. Thus, the surgical smart glasses market is growing due to the increasing awareness about remote clinical support as an option for surgeons, which is also anticipated to have a positive impact on the other segments of the market in the coming months. On the other side, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth. 

A few prominent players operating in the surgical smart glasses market are MEDITHINQ CO., LTD; Taiwan Main Orthopaedic Biotechnology; IRISTICK; DTU Srl.; Vuzix Corporation; Pixee Medical; RODS AND CONES.; AMA XpertEye; ImmersiveTouch, Inc.; and Microsoft Corporation.

Market players are launching new and innovative products and services to sustain their position in the surgical smart glasses market. For instance, in Jun 2020, MediThinQ commercially launched wireless smart glasses GV-200C. These wireless smart glasses solutions provide surgical site vision to front of eyes regardless of surgeon's position and orientation. Surgeon is able to have identical image on smart glasses instead of monitor for convenience and higher efficiency.

Surgical Smart Glasses Market, by Region, 2020 (%)   

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Surgical Smart Glasses Market to Grow at a CAGR of 9.9% to reach US$ 303,934.14 thousand from 2020 to 2028

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Surgical Smart Glasses Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Wire Type, Wireless Type); Application (Hospital, Clinic, Others) And Geography

The report segments the global surgical smart glasses market as follows:

Surgical Smart Glasses Market – by Type

• Wireless Type
• Wire Type

Surgical Smart Glasses Market – by End User

• Hospital
• Clinics
• Others

Surgical Smart Glasses Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Rest of Middle East & Africa
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of South and Central America