The global augmented and virtual reality in healthcare market size is expected to reach USD 14.06 Billion in 2030 and register a revenue CAGR of 21.5% over the forecast period, according to latest analysis by Emergen Research. Technological advancements in the healthcare sector and use and integration of newer more sophisticated solutions in medical procedures are factors driving augmented and virtual reality in healthcare market revenue growth.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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Some Key Highlights from the Report
In March 2021, Vuzix Corporation, which is a leading supplier of smart glasses and AR technology and products, announce a new partnership with TechSee, which is a leader in intelligent visual assistance technology, to deliver a remote visual assistance solution to field service technicians using AR and computer vision on Vuzix\' M400 and M4000 Smart Glasses.
Hardware segment accounted for largest revenue share in 2020 owing to increasing deployment of augmented and virtual reality in various areas of the healthcare sector. Use of these technologies requires hardware and devices, such as desktops, head-mounted displays, and various other display devices.
Augmented reality segment revenue is expected to register a significantly faster growth rate during the forecast period owing to use of AR enabling detection of ability to detect veins as this can be a challenge for medical personnel dealing some cases, such as when patients have pigmented skin or small blood vessels. In such situations, augmented reality driven technologies allow practitioners to view virtual images of a patient’s vasculature, and this enables professionals to detect a vein more effectively.
In 2020, surgery segment accounted for significantly large revenue share. Application of virtual reality offers a view of a patient’s physiology and anatomy, and helps surgeons in the operating room. Increasing deployment of virtual reality and augmented reality technologies in surgical procedures are driving growth of this segment.
Market in North America accounted for largest revenue share in 2020 due to increasing deployment of augmented and virtual reality in healthcare sector. Rising investment in Research and Development (RD) activities in healthcare sector is also driving market growth in this region. Moreover, presence of key market players is also contributing to growth of the market.
Some major players in the global market report include Siemens, Koninklijke Philips N.V., CAE Inc., General Electric, Laerdal, EON Reality, Firsthand Technology Inc., Intuitive Surgical Inc., WorldViz Inc., and VirtaMed AG.
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Segmental Analysis
The global Augmented Reality And Virtual Reality In Healthcare market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Augmented Reality And Virtual Reality In Healthcare sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global augmented and virtual reality in healthcare market on the basis of technology, component, application, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018–2030)
- Augment Reality
- Virtual Reality
Component Outlook (Revenue, USD Billion; 2018–2030)
- Hardware
- Software
- Services
Application Outlook (Revenue, USD Billion; 2018–2030)
- Surgery
- Training Education
- Behavioral Therapy
- Medical Imaging
- Others
End-use Outlook (Revenue, USD Billion; 2018–2030)
- Hospitals
- Clinics
- Academic Institute
- Others
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Key Points of Augmented Reality And Virtual Reality In Healthcare Market:
Extensive coverage of the analysis of the Augmented Reality And Virtual Reality In Healthcare market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Augmented Reality And Virtual Reality In Healthcare market
Complete data about the key manufacturers and vendors in the Augmented Reality And Virtual Reality In Healthcare market
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