AR-VR in Healthcare Market - Global Industry Size, Share, Trends, Competition Opportunity, and Forecast, 2017-2027, Segmented By Component (Hardware { Sensors, Processors & ICs, Display and Projector, Position Tracker, Cameras, Others}, Software { Software Development Kits, Cloud-Based Services}), By Device Type (By AR Devices { Head Mounted Display, Handheld Devices}, By VR Devices { Head Mounted
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAR-VR in Healthcare Market - Global Industry Size, Share, Trends, Competition Opportunity, and Forecast, 2017-2027, Segmented By Component (Hardware { Sensors, Processors & ICs, Display and Projector, Position Tracker, Cameras, Others}, Software { Software Development Kits, Cloud-Based Services}), By Device Type (By AR Devices { Head Mounted Display, Handheld Devices}, By VR Devices { Head Mounted
Global AR-VR in the healthcare market stood at USD2748.05 million in 2021 and is forecast to grow at a CAGR of 22.50% by 2027.
AR (Augmented reality) is an improved form of the real world that is attained using sounds, digital visual elements, or other sensory stimuli delivered via technology
Increased Adoption in Healthcare Training
In the healthcare industry, virtual and augmented devices are increasingly growing. They provide high quality support to doctors and medical professionals in patient care and are used to educate patients about their treatment process. Additionally, when performing the physical treatment, VR assists patients with overcoming high pain levels and ensuring a speedy recovery. When a person is in terrible condition and attempts to find the solution and overcome the crisis, it is known as post-traumatic stress treatment, such as treatment for depression, phobias, and anxiety. Patients can use virtual reality to relax and meditate in a safe condition. Virtual reality is further used in pain management, physical therapy, medical training and assisting people with low vision. Moreover, with the increasing synergistic interaction with technology, medical staff are trained and educated using augmented reality (AR). AR-based modules provide medical professionals with a holistic learning experience by allowing them to visualize and simulate anatomical structures. Hence, medical training with this technology opens new opportunities for the global AR-VR in the healthcare market.
Transforming User Experience
Although the healthcare industry has been participating in new digital solutions, companies have begun turning to AR and VR to connect with people in a world where face-to-face interactions are impossible. Augmented reality and virtual reality can lead to better customer experiences in retail, and opportunities for virtual events, and it may also be essential in the healthcare industry. With a virtual reality headset, a patient can interact with a care provider in a space that mimics a standard doctor’s office. With the help of augmented reality, patients can get advice on how to use medicines or take swabs for tests with 3D guidance. Moreover, with the introduction of technology for virtual training of surgeons to intricate procedures, phobia buster in mental health treatment, 3D operating room simulations, and chronic pain management, the utilization of AR and VR in the healthcare industry has evolved.
Increasing Practical Application
The healthcare sector is witnessing an increasing deployment of AR/VR in practical applications. Medical imaging is an example of an augmented reality application that is currently in use. In specific medical procedures, there needs to be some testing of the well-being of the internal organs to carry out further treatment. Augmented reality can be a source of taking medical imaging to a different level altogether.
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Market Segmentation
Company Profiles
Medical Realities Ltd.,
| Attribute | Details |
| Market Size Value in 2021
| USD2748.05 million |
| Revenue Forecast in 2027 | USD9796.29 million |
| Growth Rate | 22.50% |
| Base Year | 2021 |
| Historical Years | 2017–2021 |
| Estimated Year | 2022 |
| Forecast Period | 2023–2027 |
| Quantitative Units | Revenue in (USD million) and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | · Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Component o Hardware S Sensors v Accelerometer v Proximity Sensors v Others S Processors & ICs S Display and Projector S Position Tracker S Camera S Others o Software S Software Development Kits S Cloud-Based Services · Device Type o AR Devices S Head Mounted Display S Handheld Devices o VR Devices S Head Mounted Display S Gesture Tracking Devices S Projectors & Display Walls · By Application · By End Use · By Region |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East and Africa, South America. |
| Key Companies Profiled | Medical Realities Ltd., Koninklijke Philips N.V., Alphabet Inc., Firsthand Technology Inc., Augmedics Ltd., 3D Systems Corporation, HTC Corporation, Samsung Electronics Co., Ltd., Microsoft Corporation, HP Inc., Carl Zeiss Meditec AG, MindMaze, Inc., Siemens Healthineers AG, Osso VR, Inc., EchoPixel, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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