Product Code: RP-ID-10013429 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10013429
Market Overview:
AR & VR Healthcare Market Size study, by Component (Hardware, Software, Services), by Technology (Augmented reality, Virtual Reality) and Regional Forecasts 2018-2025
AR & VR Healthcare Market to reach USD 6141.78 million by 2025.
AR & VR Healthcare Market valued approximately USD 748.3 million in 2017 is anticipated to grow with a healthy growth rate of more than 30.1% over the forecast period 2018-2025. Increasing investments in emerging technologies and growing adoption in of Augmented Reality and Virtual Reality in the medical field are the major driving factors of AR & VR Healthcare market. The market is driven mainly by applications in surgical simulation, diagnostic imaging, patient care management, rehabilitation and health management. Increase in quantity of startups has led to higher demand for investments to fund development of AR & VR technologies therefore market is witnessing an increase in private investments by various investors which is expected to boost the growth of AR & VR Healthcare market. One of the major restraining factor of AR & VR healthcare market is the lack of expertise among medical practitioners to adopt new technologies. Increase in private investment by various investors creates various opportunities in the AR & VR Healthcare market. Augmented Reality is an interactive experience of a real-world environment whereby the objects that reside in the real-world are "augmented" by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory, and olfactory whereas Virtual reality is an interactive computer-generated experience taking place within a simulated environment, that incorporates mainly auditory and visual, but also other types of sensory feedback like haptic. The consumption of augmented reality & virtual Reality saves time and reduce extra time taking. The AR & VR can significantly improve the quality of treatment in the healthcare field and receive from their healthcare provider. Therefore, both AR & VR play an important role in the field of healthcare market. It has witnessing that it is the best solution for surgery and for healthcare market.
The regional analysis of AR & VR Healthcare Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025. Asia-Pacific contributes 33% growth rate in AR & VR Healthcare market.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By component:
 Hardware
 Software
 Services
By Technology;
 Augmented Reality
 Virtual Reality
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Intuitive Surgical, CAE Healthcare, Siemens Healthnieers, Philips Healthcare, Hologic, EON Reality, GE Healthcare, LAYAR, World wiz, Thera Sim Inc. and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the AR & VR Healthcare Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
CAE Healthcare
Siemens Healthnieers
Philips Healthcare
Hologic
EON Reality
GE Healthcare
LAYAR
World wiz
Thera Sim Inc
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