Market Highlights
The AR & VR in healthcare market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.
Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market. For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.
Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.
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Key Players
Some of the key players in the AR & VR in healthcare market are Atheer, Augmedix, Daqri, Firsthand Technology, Google, Medical Realities, Microsoft, Mindmaze, Oculus VR, Psious, EchoPixel, Inc., Osso VR Inc., SURGICAL THEATER, LLC, Orca Health, Inc., Hologic Inc., 3D Systems, Inc., and others.
Segmentation
The AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.
The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology. The AR technology segment is further classified as marker-based AR and markerless AR. The marker-based AR segment includes passive marker, and active marker. The markerless AR segment includes model-based tracking, and image processing-based tracking. The VR technology segment is further classified as nonimmersive technology, and semi-immersive and fully immersive technologies.
Based on offering, the market is segmented into hardware components and software. The hardware components segment is further classified as sensors, semiconductor component, displays and projectors, position tracker, cameras, and others. The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor. The semiconductor component segment includes controller/processor, and integrated circuits. The software segment is further classified as software development kits, and cloud-based services.
Based on device type, the market is segmented into AR device type, and VR device type. The AR device type segment is further classified as head-mounted display, and handheld device. The VR device type segment is further classified as head-mounted display, gesture-tracking device, and projectors and display walls. The gesture-tracking device segment includes data gloves, and others.
Based on application, the market is segmented into fitness management, patient care management, surgery, pharmacy management, medical training and education, and others.
Based on end user, the market is segmented into hospitals & clinics, surgical centres, pharmaceutical companies, research and academic institutes, and others.
Regional Analysis
The Americas dominated the global market for AR & VR in healthcare owing to the rising demand to reduce healthcare cost and presence of major market players.
In 2017, it was estimated that Europe stood second in the AR & VR in healthcare market. This can be attributed to the rising funding for innovation and increasing technological advancements. For instance, the European Union’s Horizon 2020 programme is allocating nearly USD 91.51 billion of funding over seven years for research and innovation
Asia Pacific was projected to be the fastest growing region in 2017. Increasing healthcare expenditure and high prevalence of chronic diseases drives the regional markets of the Asia Pacific region.
On the other hand, the Middle East and Africa held least share in the AR & VR in healthcare market due to the low per capita income and stringent government policies, especially within the African region.
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AR & VR 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 2027Market ScenarioMarket Research Future asserts that the global AR & VR in the healthcare market is estimated to demonstrate 30.2% throughout the forecast period (2018-2023).
With the help of VR and AR, platform experts from several locations can join a surgical procedure virtually.
AR and VR technology are not only beneficial for the doctors but also the patients and provide great convenience to the patients by allowing them to visit the physicians virtually.Market Potential and PitfallsThe AR & VR technology is highly penetrating the healthcare market and is likely to transform the entire healthcare sector.
With augmenting funding from the government, the global AR & VR in healthcare market is estimated to flourish throughout the forecast period.
Moreover, rising convenience through virtual visits allows virtual reality to stay ahead in the healthcare AR VR market.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7208On the contrary, concerns associated with data privacy, lack of competence in the deployment of AR and VR solutions, and lack of expertise among the medical practitioners are some of the top barriers considered to vitiate the market growth in the coming years.Global AR & VR in Healthcare Market: Segmental AnalysisThe global AR & VR in healthcare market has been segmented on the basis of offering, technology, application, device type, and end user.By mode of technology, the global AR & VR in healthcare market has been segmented into AR technology and VR technology.By mode of offering, the global AR & VR in healthcare market has been segmented into hardware components and software.By mode of device type, the global AR & VR in healthcare market has been segmented into AR device type and VR device type.By mode of application, the global AR & VR in healthcare market has been segmented into patient care management, fitness management, pharmacy management, surgery, medical training and education, and others.By mode of end-users, the global AR & VR in healthcare market has been segmented into surgical centers, hospitals & clinics, research and academic institutes, pharmaceutical companies, and others.Regional InsightsGeographically, the AR & VR in healthcare market span across regions namely, Europe, Asia Pacific, America, and the Middle East & Africa.Among all the regions, the American region is considered to dominate the global AR & VR in healthcare market and is likely to retain its dominance in the coming years.
For instance, approximately USD 288 million can be saved on minimally-invasive surgical procedures with the use of AR navigation system.The European region is estimated to occupy the second position owing to the augmented funding for innovation coupled with the growing technological advancements.
The AR & VR in healthcare market HighlightsThe AR & VR in healthcare market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market.
For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/7208 However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.SegmentationThe AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology.
The AR technology segment is further classified as marker-based AR and markerless AR.
The marker-based AR segment includes passive marker, and active marker.
The VR technology segment is further classified as nonimmersive technology, and semi-immersive and fully immersive technologies.Based on offering, the market is segmented into hardware components and software.
The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor.
The global AR & VR in healthcare market is expected to exhibit a robust 30.2% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).
The report thus provides readers with a comprehensive overview of the global AR & VR in healthcare market.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/7208AR & VR technologies have gained several new applications in the healthcare sector in recent years.
it cuts out the viewer’s connection with the real world and immerses them into the interactive experience fully.
Various applications have been developed for AR & VR in healthcare over the last few years, including in fitness management and therapy.
Surgical processes can also be simulated by AR & VR technologies, allowing surgeons to gain some practice without having to use real bodies.Competitive Leaderboard:Leading players in the global AR & VR in healthcare market include 3D Systems Inc., Hologic Inc., Orca Health Inc., Surgical Theater LLC, Osso VR Inc., EchoPixel Inc., Psious, Oculus VR, Mindmaze, Microsoft, Medical Realities, Google, Firsthand Technology, Daqri, Augmedix, and Atheer.
Major players in the global AR & VR in healthcare market are likely to focus on coming up with new products in the coming years, as the demand for innovative applications of AR & VR technology has grown steadily over the last few years and is likely to increase over the forecast period and beyond.
Global AR/VR in Healthcare Market Forecast to 2027The AR/VR in Healthcare Market is estimated to reach USD 7.05 Billion by 2026, according to a new report by Reports and Data.
This can be mainly associated with the rising demand for innovative diagnostic techniques, neurological disorders, and increasing disease awareness.
Based on statistics, the advancement in the field of information technology such as laptop, computer, internet connectivity and mobile applications, is also a significant factor stimulating market demand.The healthcare industry has transformed with the adoption of the technology for the virtual training of surgeons for complicated surgeries, phobia buster in mental health treatment, 3D operating room simulations, and chronic pain management.
They also play an essential role in EMDR (Eye Movement Desensitization and Reprocessing) therapy that allows for reframing traumatic memories through specific eye movements.The report also covers the impact of the COVID-19 pandemic on the AR/VR in Healthcare market and major segments.
The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1406The report presents a panoramic view of the competitive landscape of the AR/VR in Healthcare market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry.
The report also focuses on strategic alliances in the AR/VR in Healthcare market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.Top Players Analyzed in the Report are:Microsoft, Google, Mindmaze, DAQRI, Psious, CAE Healthcare, Medical Realities, Atheer, Augmedix , Oculus VR, Firsthand Technology, Siemens Healthineers, Philips Healthcare, 3D Systems , VirtaMed , Virtually Better.Technology Outlook (Revenue, USD Million; 2016-2026)ARVRComponent Outlook (Revenue, USD Million; 2016-2026)HardwareSoftwareApplication Outlook (Revenue, USD Million; 2016-2026)Simulation& diagnosticsSurgeriesPatient care managementEducationEnd User Outlook (Revenue, USD Million; 2016-2026)Hospitals & ClinicsSurgical centersResearch organizations.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1406Regional Analysis Covers:North America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the AR/VR in Healthcare market.
AR & VR in Healthcare Market OverviewThe market for AR & VR in healthcare is likely to grow exponentially over the forecast period.
By the application of VR and AR platform experts from seperate locations can virtually take part in a surgical method.
In 2016, Augmented Reality system and Virtual Interactive Presence was set up at a healthcare center in the US and its counterpart in Vietnam to offer intraoperative support.Several other factors such as increasing penetration of connected devices in the healthcare sector, rising awareness about VR cure, and expanding adoption of VR and AR in fitness management, are also likely to drive the market growth.However, lack of proficiency among healthcare practitioners, lack of capability in disposition of the AR and VR solutions, and the issues associated with data privacy can affect the market growth negatively over the forecast period.AR & VR in Healthcare Market SegmentationThe worldwide AR & VR in healthcare market has been segmented based on device type, end user, technology, application, offering, and region.
Based on device type, the worldwide AR & VR in healthcare market has been segmented into VR device type and AR device type.
Based on end-user, the worldwide AR & VR in healthcare market has been segmented into hospitals & clinics pharmaceutical companies, academic research institutes, and surgical centers.
The markerless AR segment consists of model-based tracking and image processing-based tracking.
