The global augmented reality (AR) surgical systems market accounted for USD 2.61 billion in 2023 and is expected to reach at USD 17.04 billion by 2034 with a CAGR of 40.84% during the forecast period 2024-2034. The market will grow as a result of factors like improved surgical precision and outcomes, growing demand for minimally invasive surgeries, growing patient safety and precision demands, regulatory support and reimbursement policies, and strategic partnerships and collaborations.
AR surgical systems are now considerably more capable thanks to ongoing developments in AR technology, such as better picture resolution, real-time tracking, and improved user interfaces. The use of AR systems in surgical settings is increasing as a result of these developments, which help surgeons execute difficult procedures more precisely and effectively. For instance, Medtronic launched their new AR surgical navigation system in October 2023, which allows for precise viewing and guidance during minimally invasive treatments.
By component, the software segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing demand for advanced visualization, real-time data analytics, and surgical planning capabilities offered by AR software solutions. For instance, Philips Healthcare debuted its most recent AR surgical navigation platform in September 2023 with the goal of enhancing surgical precision and effectiveness. Additionally, the hardware segment is predicted to grow at the fastest CAGR during the forecast period owing to the rapid technological advancements, such as improved display technologies and lightweight, portable devices, driving increased adoption of AR hardware in surgical settings.
By device type, the head-mounted displays segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing adoption among surgeons due to its hands-free operation, immersive visualization, and ability to overlay digital information directly onto the surgical field. For instance, Stryker Corporation strengthened its surgical navigation system portfolio in December 2023 by acquiring a top AR technology startup. Additionally, the handheld devices segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for portable and versatile AR solutions, facilitating enhanced visualization and real-time guidance during surgical procedures, especially in ambulatory surgical settings.
By application, the medical training and education segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing focus on simulation-based learning, hands-on training, and skill enhancement among medical professionals, driving demand for AR systems in educational institutions and training centers. For instance, Siemens Healthineers unveiled a brand-new AR-enabled imaging system for interventional treatments in March 2023, giving surgeons real-time guidance and visualization. Additionally, the intraoperative guidance segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing adoption of AR systems to assist surgeons in real-time decision-making, precise anatomical navigation, and procedural guidance during surgeries, enhancing patient outcomes and surgical efficiency.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing adoption of AR systems in surgical settings, driven by the need for advanced surgical tools, improved patient outcomes, and enhanced efficiency in hospitals and clinics worldwide. For instance, Zimmer Biomet said in November 2023 that it is working with firms that provide AR technology to create cutting-edge surgical navigation systems for orthopedic treatments. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for minimally invasive procedures, shorter recovery times, and cost-effective healthcare solutions, driving the adoption of AR systems in ambulatory surgical centers for enhanced patient care and outcomes.
North American region is anticipated to have the highest revenue share during the forecast period owing to the advanced healthcare infrastructure, strong presence of key market players, increasing investments in technological innovations, and growing adoption of AR surgical systems in the region. Additionally, the Asia Pacific region is estimated to grow at the fastest CAGR during the forecast period owing to the expanding healthcare infrastructure, rising disposable incomes, growing prevalence of chronic diseases, and increasing adoption of advanced medical technologies in countries like China, India, and Japan. For instance, Smith & Nephew introduced its AR-based surgical planning software for orthopedic surgeries in August 2023, which enables individualized treatment plans and better patient outcomes.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
AR surgical systems are now considerably more capable thanks to ongoing developments in AR technology, such as better picture resolution, real-time tracking, and improved user interfaces. The use of AR systems in surgical settings is increasing as a result of these developments, which help surgeons execute difficult procedures more precisely and effectively. For instance, Medtronic launched their new AR surgical navigation system in October 2023, which allows for precise viewing and guidance during minimally invasive treatments.
By component, the software segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing demand for advanced visualization, real-time data analytics, and surgical planning capabilities offered by AR software solutions. For instance, Philips Healthcare debuted its most recent AR surgical navigation platform in September 2023 with the goal of enhancing surgical precision and effectiveness. Additionally, the hardware segment is predicted to grow at the fastest CAGR during the forecast period owing to the rapid technological advancements, such as improved display technologies and lightweight, portable devices, driving increased adoption of AR hardware in surgical settings.
By device type, the head-mounted displays segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing adoption among surgeons due to its hands-free operation, immersive visualization, and ability to overlay digital information directly onto the surgical field. For instance, Stryker Corporation strengthened its surgical navigation system portfolio in December 2023 by acquiring a top AR technology startup. Additionally, the handheld devices segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for portable and versatile AR solutions, facilitating enhanced visualization and real-time guidance during surgical procedures, especially in ambulatory surgical settings.
By application, the medical training and education segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing focus on simulation-based learning, hands-on training, and skill enhancement among medical professionals, driving demand for AR systems in educational institutions and training centers. For instance, Siemens Healthineers unveiled a brand-new AR-enabled imaging system for interventional treatments in March 2023, giving surgeons real-time guidance and visualization. Additionally, the intraoperative guidance segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing adoption of AR systems to assist surgeons in real-time decision-making, precise anatomical navigation, and procedural guidance during surgeries, enhancing patient outcomes and surgical efficiency.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global augmented reality (AR) surgical systems market in 2023 owing to the increasing adoption of AR systems in surgical settings, driven by the need for advanced surgical tools, improved patient outcomes, and enhanced efficiency in hospitals and clinics worldwide. For instance, Zimmer Biomet said in November 2023 that it is working with firms that provide AR technology to create cutting-edge surgical navigation systems for orthopedic treatments. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for minimally invasive procedures, shorter recovery times, and cost-effective healthcare solutions, driving the adoption of AR systems in ambulatory surgical centers for enhanced patient care and outcomes.
North American region is anticipated to have the highest revenue share during the forecast period owing to the advanced healthcare infrastructure, strong presence of key market players, increasing investments in technological innovations, and growing adoption of AR surgical systems in the region. Additionally, the Asia Pacific region is estimated to grow at the fastest CAGR during the forecast period owing to the expanding healthcare infrastructure, rising disposable incomes, growing prevalence of chronic diseases, and increasing adoption of advanced medical technologies in countries like China, India, and Japan. For instance, Smith & Nephew introduced its AR-based surgical planning software for orthopedic surgeries in August 2023, which enables individualized treatment plans and better patient outcomes.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Component, Device Type, Application, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Augmented Reality (AR) Surgical Systems Market Report 2023 - 2034
Augmented Reality (AR) Surgical Systems Market Analysis & Forecast by Component 2023 - 2034 (Revenue USD Bn)
- Hardware
- Software
Augmented Reality (AR) Surgical Systems Market Analysis & Forecast by Device Type 2023 - 2034 (Revenue USD Bn)
- Head-Mounted Display
- Handheld Device
Augmented Reality (AR) Surgical Systems Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Fitness management
- Medical training and education
- Others
Augmented Reality (AR) Surgical Systems Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Ambulatory Surgical Centers
- Research Institutes and Academia
Augmented Reality (AR) Surgical Systems Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Augmented Reality (AR) Surgical Systems Market: Component Estimates & Trend Analysis
8. Augmented Reality (AR) Surgical Systems Market: Device Type Estimates & Trend Analysis
9. Augmented Reality (AR) Surgical Systems Market: Application Estimates & Trend Analysis
10. Augmented Reality (AR) Surgical Systems Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Augmented Reality (AR) Surgical Systems Market
13. Europe Global Augmented Reality (AR) Surgical Systems Market
14. Asia Pacific Global Augmented Reality (AR) Surgical Systems Market
15. Latin America Global Augmented Reality (AR) Surgical Systems Market
16. MEA Global Augmented Reality (AR) Surgical Systems Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Medtronic plc
- Philips Healthcare
- Stryker Corporation
- Intuitive Surgical Inc.
- Siemens Healthineers AG
- Zimmer Biomet Holdings Inc.
- Smith & Nephew plc
- Varian Medical Systems Inc.
- Karl Storz SE & Co. KG
- GE Healthcare
- Canon Medical Systems Corporation
- Brainlab AG
- Augmedics Ltd.
- FundamentalVR Ltd.
- EchoPixel Inc.
