The Report Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market Analysis By Component (Hardware, Software, and
Service), By Technology (Augmented Reality, Virtual Reality), And Segment
Forecasts, 2018 – 2025
The global augmented reality & virtual
reality in healthcare market is expected to reach USD 5.1 billion by 2025
according to a new report by Grand View Research, Inc. The growing adoption of
Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing
investments in such emerging technologies, and constant developments in
healthcare IT are some of the key factors responsible for growth of this
market.
The
market is majorly driven by applications in surgical simulations, diagnostic
imaging, patient care management, rehabilitation, and health management. The
application of AR & VR in training medical professionals provides them
enhanced understanding of anatomy & physiology and assists in complicated
surgeries that require precision, thus, resulting in reduced complications and
lesser trauma. VR helps patients get over their worst fears and phobias through
the exposure therapy. These technologies are also gaining significance in
fitness management due to the development of various health apps that help
train doctors as well as patients.
The
use of these advanced technologies in live streaming of surgeries for medical
education coupled with patient monitoring & pain management serves as a
market opportunity and is predicted to drive the segment substantially. These
new disruptive technologies have revolutionized medical field and provide an
innovative approach for transforming healthcare experience. The increasing
focus on streamlining medical operations along with demand for better delivery
of care services are driving the growing adoption of these technologies.
Increase
in number of startups has led to higher demand for investments to fund
development of AR & VR technologies. The market is witnessing an increase
in private investments by various investors, which is expected to boost growth
further. For instance, Swiss-based startup MindMaze is a well-funded company
that has raised USD 100 million from Hinduja Group for development of VR
hardware & software. In addition, increased government funding and
supportive initiatives are expected to drive growth.
Access Research Report of Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market @ www.grandviewresearch.com/industry-analysis/virtual-reality-vr-in-healthcare-market
Further key findings
from the report suggest:
· The hardware segment held the majority of the revenue
share in 2016 due to rise in adoption of wearable devices in healthcare
· AR dominated the technology segment in 2016 owing to its
increasing adoption in surgeries and medical training
· North America dominated the global market for AR and VR
due to greater adoption of advanced technology and sophisticated infrastructure
· Asia Pacific AR and VR market is expected to witness a
lucrative growth of 33% over the forecast period
· Some of the key players include CAE HEALTHCARE; GE
Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and
Philips Healthcare
Grand View Research has segmented the augmented reality
& virtual reality in healthcare market on the basis of component,
technology and region:
Component Outlook
(Revenue, USD Million, 2014 - 2025)
·
Hardware
·
Software
·
Service
Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
Augmented Reality
o Surgical
Application
o Rehabilitation
o Training
& Medical Education
·
Virtual Reality
o Simulation
o Diagnostics
o Virtual
Reality Exposure Therapy
o Rehabilitation
o Pain
Distraction
Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
o South
Africa
Access
Press Release of Augmented Reality (AR)
& Virtual Reality (VR) in Healthcare Market @ www.grandviewresearch.com/press-release/global-augmented-reality-ar-virtual-reality-vr-in-healthcare-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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