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.
Browse full research report on Global Healthcare
Augmented & Virtual Reality Market: https://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
Browse more reports of this category
by Grand View Research: 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
- Surgical
Application
- Rehabilitation
- Training
& Medical Education
- Virtual
Reality
- Simulation
- Diagnostics
- Virtual
Reality Exposure Therapy
- Rehabilitation
- Pain
Distraction
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
- South Africa
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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