AR & VR in Healthcare Market Key Players, Share, Future Perspective, Emerging Technologies And Analysis By Forecast 2030

Market Research Future Insights –

The AR and VR in healthcare market was estimated at USD 2.3 billion in 2021 and is anticipated to grow at a 25.2% CAGR to USD 8.9 billion by 2030. The key business sector in the augmented and virtual reality market experienced the most growth in 2020, according to organisation size. In the future, it is projected that it will still sway. The expansion of augmented and virtual reality applications in the real estate, aerospace, construction, healthcare, educational, law enforcement, extractive industry, and automotive sectors is the cause of this. The SMEs sector is predicted to expand the most due to the benefits of AR & VR technology, which include lower field staff training costs, speedier repairs, and higher customer satisfaction.

Prevalent connected devices in the healthcare industry and the increasing public understanding of virtual reality exposure therapy have been playing the key driving role in this industry.

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Regional analysis –

Based on the regional segmentation, the AR & VR in the healthcare market has been divided into Europe, the Americas, the Middle East & Africa, and Asia-Pacific.

Due to the rising demand for healthcare cost reduction, the American market is anticipated to dominate AR & VR in healthcare by generating a greater market share during the forecast period. With the use of the AR navigation system, minimally invasive surgical operations in the US save up to USD 288 million. Due to significant technological breakthroughs and increased financing for research, the European AR and VR in Healthcare Market also comprised the second-largest position in producing market revenue in 2017.

However, due to rising public awareness and better healthcare infrastructure, Asia Pacific is anticipated to experience the greatest growth over the projection period. Promising locations for outsourcing services connected to the creation and distribution of AR and VR technology in healthcare include developing economies like India, China, Brazil, and Mexico. Due to low knowledge and population uptake, Latin America, the Middle East, and Asia Pacific are still in the early stages of development for these technologies. Healthcare spending and service quality are rising in nations like Israel and the United Arab Emirates, which is projected to further fuel market expansion in the area over the coming years.

Market Segmentation –

The AR & VR in the healthcare market is ideally categorized into 3 parts based on technology, offering and application. The segmentation of technology type is further sub-categorized based on Ar And Vr Technology. The offering-based market is further divided into Hardware & Software. Whereas the application-based category is divided into Fitness, Patient Care, Pharmacy Management, and others.

Key Players –

Some of the important key companies in the AR & VR healthcare market are present on the international scene and have contributed to raising market revenue. These significant pivotal figures are Daqri, Atheer, Augmedix, Medical Realities, Firsthand Technology, Google, EchoPixel Inc, Osso VR Inc, Microsoft, Mindmaze Oculus VR, and Orca Health Inc.

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