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.
Full Research Report On augmented reality &
virtual reality in healthcare market Analysis:
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
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Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/healthcare-it
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
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Report By Grand View Research:
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.
