Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market accounted for US$ 1.32 billion in 2020 and is estimated to be US$ 7.91 billion by 2030 and is anticipated to register a CAGR of 26.0%. Due to extensive popularity in medical training and education, telemedicine, and patient care management, among other areas, healthcare AR/VR applications gained traction during the COVID-19 pandemic. In addition, technical improvements in this field have had a significant impact on augmented and virtual reality in healthcare. For example, XRHealth expanded its application by raising USD 7 million in April 2020 to enhance its telehealth platform. Similarly, AR/VR technology can be utilised to improve self-diagnostics, particularly in distant places where visiting clinics is difficult and individuals must instead rely on telehealth services. Furthermore, the market is expected to increase dramatically during the pandemic as a result of the use of AR/VR technology to efficiently manage treatment schedules, treatment deliveries, and strategies, which will have a beneficial impact on the industry.
The report " Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market, By Component (Hardware, Software, and Services), By Application (Surgery, Fitness Management, Patient Care Management, Pharmacy Management, Medical Training and Education, and Others), By End User (Hospitals, clinics, and surgical centers, Research organizations, Pharma companies, Government, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029’’
Key Highlights:
- Augmedics launched the Xvision Spine AR guidance system for spine procedures in the United States in December 2019.
- Hologic Inc paid USD 230 million for Biotheranostics, a molecular diagnostics company, in January 2021. Hologic Inc and Biotheranostics will combine their capabilities and use their expertise in oncology diagnostics and advanced woman health diagnostics as a result of this transaction.
Analyst View:
Surgical and diagnostic procedures are increasingly using augmented and virtual reality approaches. Touch surgery, for example, uses virtual reality to provide a perspective of the patient's anatomy and physiology, giving surgeons in the operating room more options. As a result, the market for augmented reality and virtual reality in healthcare is predicted to expand. One of the primary reasons driving market expansion over the last few years has been the increased implementation of Augmented Reality (AR) and Virtual Reality (VR) technologies in medical surgeries to optimise surgical procedures and increase treatment efficiency. For instance, In December 2019, Augmedics gained FDA approval for Xvision in the United States.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market, By Component (Hardware, Software, and Services), By Application (Surgery, Fitness Management, Patient Care Management, Pharmacy Management, Medical Training and Education, and Others), By End User (Hospitals, clinics, and surgical centers, Research organizations, Pharma companies, Government, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029”
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Key Market Insights from the report:
Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market accounted for US$ 1.32 billion in 2020 and is estimated to be US$ 7.91 billion by 2030 and is anticipated to register a CAGR of 26.0%. The global augmented reality (AR) and virtual reality (VR) in healthcare market report segments the market on the basis of component, application, end user, and region.
- Based on Component, Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market is segmented into Hardware, Software, and Services.
- Based on Application, Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market is segmented into Surgery, Fitness Management, Patient Care Management, Pharmacy Management, Medical Training and Education, and Others.
- Based on End-User, Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market is segmented into Hospitals, clinics, and surgical centers, Research organizations, Pharma companies, Government, and Others.
- By Region, the Global Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Virtual reality or virtual realities (VR), also known as immersive multimedia or computer-simulated reality, is a computer technology that replicates an environment, real or imagined, and simulates a user’s physical presence and environment to allow for user interaction.
Virtual realities artificially create sensory experience, which can include sight, touch, hearing, and smell.Augmented reality (AR) is a live direct or indirect view of a physical, real-world environment whose elements are augmented (or supplemented) by computer-generated sensory input such as sound, video, graphics or GPS data.
It is related to a more general concept called mediated reality, in which a view of reality is modified (possibly even diminished rather than augmented) by a computer.
As a result, the technology functions by enhancing one’s current perception of reality.North America dominated the market in 2016 with a revenue share of 43%, which can be attributed to constant technological advancement of related products, prevalence of neurological & psychological disorders, increased adoption of such advanced technologies, and presence of a sophisticated healthcare infrastructure.
Furthermore, growing technological advancements in information technology and government support for integration of these technologies in medical field contribute to the large share of the market.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2479989Geographically, global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players includingSAMSUNGMICROSOFTGOOGLEFaceBookCarl ZeissBaofengSonyRazerHTCDaqriAMDAtheerMetaCastARSkullyHPAntvrLumusFoveSulonJINWEIDUVirglassEmaxvEpsonAugmented Reality (AR) & Virtual Reality (VR) in Healthcare Breakdown Data by TypeMobilePC/Home ConsoleHeadset ARAugmented Reality (AR) & Virtual Reality (VR) in Healthcare Breakdown Data by ApplicationSurgical TrainingSurgical NavigationOthersGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2479989This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Augmented Reality (AR) and Virtual Reality (VR) in Healthcare market, to estimate the size of various other dependent submarkets in the overall market.
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The 2018 market research report on Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge.
The report covers a vast expanse of information including an overview, comprehensive analysis, definitions and classifications, applications, and expert opinions, among others.
With the extent of information filled in the report, the presentation and style of the Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Market report is a noteworthy.Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/2263256The Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Industry report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe.
Not only does the report cover a holistic view of the industry from a global standpoint, but it also covers individual regions and their development.
The Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Industry report showcases the latest trends in the global and regional markets on all critical parameters which include technology, supplies, capacity, production, profit, price, and competition.The key players covered in the report provide a detailed analysis of the competition and their developments in the Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Industry.
Augmented and Virtual Reality In Healthcare Market Research Report: By Technology (AR and VR technology), Offering (Hardware & Software), Device Type (AR & VR Device Type), Application (Fitness, Patient Care, Pharmacy Management & Others), End User – Global Forecast Till 2023 The Augmented and Virtual Reality In Healthcare market is predicted to grow at a 30.2% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report.
AR & VR in the healthcare sector is widely used to improve surgery methods, treating psychiatric and neurological conditions, and also as a part of hospice care.
Augmented and Virtual Reality In Healthcare Market Key Players Leading players profiled in the Augmented and Virtual Reality In Healthcare market report include 3D Systems, Inc., Orca Health, Inc., Hologic Inc., Osso VR Inc., SURGICAL THEATER, LLC, EchoPixel, Inc., Oculus VR, Mindmaze, Psious, Medical Realities, Microsoft, Firsthand Technology, Augmedix, Daqri, Atheer, Google, and others.
September 2019: XRHealth has entered into a partnership with Allscripts to offer an integrated virtual reality/augmented reality platform.
Augmented and Virtual Reality In Healthcare Market Segmentation The MRFR report provides a complete segmental analysis of the Augmented and Virtual Reality In Healthcare market report on the basis of end user, application, offering, device type, and technology.
Based on technology, the Augmented and Virtual Reality In Healthcare market is segmented into AR and VR technology.
