Mo. Okt 7th, 2024

India augmented reality in healthcare market is projected to witness a CAGR of 28.08% during the forecast period FY2025-FY2032, growing from USD 18.82 million in FY2024 to USD 136.28 million in FY2032. The market’s growth is supported by the increasing investments in the healthcare sector, launch of new technologies in hospitals across the country, the increasing adoption of AR technologies for surgical procedures and medical training, and the rising demand for remote patient consultation.

Leading healthcare institutions in the country, including All India Institute of Medical Science (AIIMS), are deploying augmented reality (AR) technologies to improve medical training. In January 2022, AIIMS Delhi implemented new digital surgery technologies to allow surgeons to simulate the unique anatomy of every patient in 3D and virtually plan the procedure. The ImmersiveSim platform deployed by the institute allows the training of healthcare professionals in both AR and virtual reality (VR), transporting the doctor to the middle of the operating room for enhancement of training, clinical performance and procedural rehearsal.

Moreover, various research institutions, such as the Indian Institute of Science (IISc), are harnessing VR and AR technologies for medical research. The integration of AR technologies in healthcare is expected to transform treatments and diagnosis across various domains and enhance surgical planning and medical training. This transformation is about driving biomedical innovations, empowering patients, and giving them more control over their healthcare.

The growing requirement for remote patient consultations are expected to boost India augmented reality in healthcare market demand. With the availability of AR technologies for supporting digital consultations, patients living in remote areas without access to healthcare professionals can follow up and receive expert advice without requiring extensive traveling, ensuring improved treatment outcomes and timely intervention.

Read More: https://www.marketsandata.com/industry-reports/india-augmented-reality-in-healthcare-market

Increasing Investments in Healthcare Sector Boost Market Growth

The rising investments by the government in the healthcare sector are expected to boost the growth of the market as they support research and development activities and the introduction of novel technologies to improve patient care. The union budget allocated approximately USD 10 billion (INR 89,155 crore) to the Ministry of Health for 2023-2024, an increase of about 3.4% from FY2022-2023. This increase is expected to facilitate the deployment and development of AR technology for medical training and in hospitals for diagnosis and surgical procedures and encourage innovation and integration of novel technologies in the country’s healthcare sector. The integration is also expected to aid in ensuring the provision of healthcare services in remote locations of the country.

Launch of Extended Reality Ecosystem in Healthcare Supports Market Expansion

The launch of an extended reality (XR) ecosystem in a hospital in India has been a new milestone for the country’s healthcare sector. In June 2023, Amrita Hospital in Kochi, India, introduced an XR-supported ecosystem that leverages mixed reality (MR), virtual reality (VR), and AR to enhance medical training, research and patient care. The hospital has deployed the XR technology to create organ holograms, ensure the availability of immersive teaching tools, and provide remote connectivity. Their advanced 3D printing capabilities and 3D laboratory facilitates precision medicine, allowing healthcare professionals to address complex and rare cases. By overcoming the challenges and integrating XR technologies into medicine, the hospital successfully launched South Asia’s first XR ecosystem in healthcare. Such developments in the country are expected to improve patient care and boost the popularity of novel technologies, including AR, increasing their acceptance.

Availability of Different Courses Provide Lucrative Growth Opportunities

The availability of different courses in VR and AR by various research institutions in the country is expected to increase awareness about the technologies and provide lucrative growth opportunities to the market. In March 2024, the Indian Institute of Technology Madras Pravartak Technologies Foundation announced a partnership with VyVoxel India Pvt. Ltd. to launch courses in VR and AR. The course covers marker and markerless AR, basics of 3D modeling, and VR interaction and programming their applications in different industries, including retail, healthcare, architecture, and logistics, among others. The course aims to teach students how to publish, design, and code VR and AR applications for headsets, mobile devices, and tablets.

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Hospitals and Clinics Hold Major Market Share

Hospitals across the country are pioneering the utilization of AR to improve surgical outcomes. AR holds significant potential for providing remote expertise, improving visualization, and ensuring multi-user collaborations. The GEM hospital in Chennai, known for its advanced laparoscopic surgeries and minimally invasive procedures, is working towards transforming the operating room experience. Laparoscopic procedures require surgeons to view the real-time video feed with the help of an internal camera, forcing the staff to cluster around the screen and increasing the chances of ergonomic issues after frequent complex procedures. To overcome such issues, the hospital deployed an AR headset to view the 3D interactive images and remotely allow real-time collaboration with experts. Such introductions are expected to boost India’s augmented reality in the healthcare market size.

Future Market Scenario (FY2025-FY2032F)

1. As per India augmented reality in healthcare market analysis, the market is expected to witness significant growth in the coming years as the country’s healthcare sector embraces AR technology to enhance medical training and improve patient outcomes.

2. AR is expected to be utilized in complex surgical procedures, aiding surgeons in performing procedures with higher accuracy and precision by visualizing intricate anatomy. Furthermore, the deployment of AR in medical education is expected to aid medical professionals and students in grasping complicated concepts with the help of simulations and visual aids.

3. The integration of AR is also expected to allow the healthcare sector to meet the requirements of the rapidly growing population. As per the estimates of the United Nations, the country’s population is expected to grow for several decades.

Report Scope

India Augmented Reality in Healthcare Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India augmented reality in healthcare market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

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