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Augmented Reality Market in India’s Healthcare Industry Expected to Grow Through 2027
A new study suggests that the market could grow at a CAGR of just over 24% over the next four years.
India’s healthcare industry is embracing augmented reality, according to a new report. The technology’s market size in the country is expected to reach over $2 billion by 2027.
A press release from the report’s publisher, ResearchandMarkets.com, explains that the compound annual market rate for AR in healthcare is expected to grow by 24.53% from 2023 to 2027.
The drivers of this growth are reportedly advancements in AR-assisted surgery, communication, and education.
According to the press release, the report defines AR tech as a technology that overlays real-time information to the user. This information can be video, audio, touch, or even haptic sensation. These devices have been implemented in some hospitals. Other devices are being developed for personal use, such as providing the user with information during a workout.
The report does detail, however, that the market faces some struggles. Mainly, the cost of these devices is still very expensive, as they often require not just costly wearables, but also top-of-the-line computers to connect with.
