Market Overview:
The global augmented and virtual reality in healthcare market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and growing investments by key players are some of the major factors driving the growth of this market. On the basis of type, the augmented reality in healthcare market is expected to grow at a higher CAGR than that for virtual reality in healthcare during the forecast period. This can be attributed to factors such as lower cost and easy availability of AR devices as compared to VR devices, and increasing demand for AR-based surgical applications. However, VR is expected to witness a higher growth rate in terms of revenue owing to its growing adoption for medical training and education purposes.
Product Definition:
Augmented Reality (AR) is a technology that enhances one’s current environment by providing digital information on top of what is visible to the naked eye. For example, if you are looking at a patient’s medical file in AR, you would be able to see their vital signs and other health information overlaid onto their physical body. This could help clinicians make more informed decisions about how to treat the patient.
Virtual Reality (VR) is an artificial environment that is created with software and presented to the user through special electronic equipment, such as head-mounted displays orCAVE automatic virtual environments. VR allows users to explore and interact with digital worlds without having to leave their room.
Augmented Reality in Healthcare Market:
Augmented reality in healthcare market is expected to witness significant growth over the forecast period owing to increasing adoption of Augmented and Virtual Reality (AR/VR) devices by healthcare professionals for training and diagnosis purposes. Furthermore, rising technological advancements such as integration of AR technology with 3D imaging are also anticipated to drive the market growth.
Virtual Reality in Healthcare Market:
Virtual Reality in the healthcare market is a technology-driven environment that creates an experience of what the user is witnessing through devices such as headsets and gloves. It simulates real world situations and allows patients to feel like they are there physically. The technology has improved over time with new developments such as 3D imaging, which adds to the immersive experience by creating a sense of depth, sound, smell & touch along with visual effects.
Application Insights:
Based on application, the global market has been segmented into hospitals, clinics, and surgical centers; research organizations and pharmaceutical companies; research and diagnostic laboratories; government and defense institutions; museums, art galleries, libraries, schools & colleges; corporate offices/branches/agricultural facilities (offices); homes (residential); automotive (AVs) & transport industries. The hospital segment dominated the overall market in 2017 owing to increasing investments by governments for developing world-class healthcare infrastructure. For instance: In 2016 China announced a plan to invest USD 85 billion over the next five years in order to build more than 300 new hospitals across the country.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing investments by governments in developing augmented and virtual reality technologies, high adoption rate of new technologies, and rising demand for technologically advanced healthcare services. Moreover, growing number of companies offering AR/VR-based solutions is also expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to increasing government initiatives for developing novel healthcare applications through augmented and virtual reality technology. Furthermore, rapidly improving healthcare infrastructure coupled with growing awareness regarding these emerging technologies will support regional market development during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: VR and AR can be used to provide surgeons with a three-dimensional view of the patient's anatomy, which can help them perform surgeries with greater accuracy.
- Growing use of telemedicine: VR and AR can be used to create virtual environments that allow healthcare professionals to provide consultations and treatment remotely. This could help reduce the need for patients to travel long distances for treatment.
- Rising prevalence of chronic diseases: VR and AR can be used to help patients manage their conditions by providing them with educational materials and interactive tools that make it easier for them to understand their condition and follow their treatment plan.
- Advances in medical technology: VR and AR are being increasingly used in medical training programs, as they offer a more realistic learning experience than traditional methods such as textbooks or lectures. This could lead to an increase in the number of qualified healthcare professionals in the future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Augmented and Virtual Reality in Healthcare Market Research Report
By Type
Augmented Reality in Healthcare Market, Virtual Reality in Healthcare Market
By Application
Hospitals, Clinics, and Surgical Centers, Research Organizations and Pharma Companies, Research and Diagnostics Laboratories, Government and Defense Institutions
By Companies
Google, Microsoft, DAQRI, Psious, Mindmaze, Firsthand Technology, Medical Realities, Atheer, Augmedix, Oculus, CAE Healthcare, Philips, D Systems, VirtaMed, HTC, Siemens, Virtually Better
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Augmented and Virtual Reality in Healthcare Market Report Segments:
The global Augmented and Virtual Reality in Healthcare market is segmented on the basis of:
Types
Augmented Reality in Healthcare Market, Virtual Reality in Healthcare Market
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, and Surgical Centers, Research Organizations and Pharma Companies, Research and Diagnostics Laboratories, Government and Defense Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google
- Microsoft
- DAQRI
- Psious
- Mindmaze
- Firsthand Technology
- Medical Realities
- Atheer
- Augmedix
- Oculus
- CAE Healthcare
- Philips
- D Systems
- VirtaMed
- HTC
- Siemens
- Virtually Better
Highlights of The Augmented and Virtual Reality in Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Augmented Reality in Healthcare Market
- Virtual Reality in Healthcare Market
- By Application:
- Hospitals, Clinics, and Surgical Centers
- Research Organizations and Pharma Companies
- Research and Diagnostics Laboratories
- Government and Defense Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Augmented and Virtual Reality in Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Augmented and virtual reality are technologies that allow people to experience a simulated environment that is different from the real world. They can be used in healthcare to help patients learn about their health, or to provide them with treatment plans or exercises.
Some of the major players in the augmented and virtual reality in healthcare market are Google, Microsoft, DAQRI, Psious, Mindmaze, Firsthand Technology, Medical Realities, Atheer, Augmedix, Oculus, CAE Healthcare, Philips, D Systems, VirtaMed, HTC, Siemens, Virtually Better.
The augmented and virtual reality in healthcare market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Augmented and Virtual Reality in Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Augmented and Virtual Reality in Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Augmented and Virtual Reality in Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Augmented and Virtual Reality in Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Augmented and Virtual Reality in Healthcare Market Size & Forecast, 2020-2028
4.5.1 Augmented and Virtual Reality in Healthcare Market Size and Y-o-Y Growth
4.5.2 Augmented and Virtual Reality in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Augmented Reality in Healthcare Market
5.2.2 Virtual Reality in Healthcare Market
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 and Surgical Centers
6.2.4 Research Organizations and Pharma Companies
6.2.5 Research and Diagnostics Laboratories
6.2.6 Government and Defense Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Augmented and Virtual Reality in Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Augmented and Virtual Reality in Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Augmented Reality in Healthcare Market
9.6.2 Virtual Reality in Healthcare Market
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 and Surgical Centers
9.10.4 Research Organizations and Pharma Companies
9.10.5 Research and Diagnostics Laboratories
9.10.6 Government and Defense Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Augmented Reality in Healthcare Market
10.6.2 Virtual Reality in Healthcare Market
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 and Surgical Centers
10.10.4 Research Organizations and Pharma Companies
10.10.5 Research and Diagnostics Laboratories
10.10.6 Government and Defense Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Augmented Reality in Healthcare Market
11.6.2 Virtual Reality in Healthcare Market
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 and Surgical Centers
11.10.4 Research Organizations and Pharma Companies
11.10.5 Research and Diagnostics Laboratories
11.10.6 Government and Defense Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Augmented Reality in Healthcare Market
12.6.2 Virtual Reality in Healthcare Market
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 and Surgical Centers
12.10.4 Research Organizations and Pharma Companies
12.10.5 Research and Diagnostics Laboratories
12.10.6 Government and Defense Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Augmented Reality in Healthcare Market
13.6.2 Virtual Reality in Healthcare Market
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 and Surgical Centers
13.10.4 Research Organizations and Pharma Companies
13.10.5 Research and Diagnostics Laboratories
13.10.6 Government and Defense Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Augmented and Virtual Reality in Healthcare Market: Competitive Dashboard
14.2 Global Augmented and Virtual Reality in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Microsoft
14.3.3 DAQRI
14.3.4 Psious
14.3.5 Mindmaze
14.3.6 Firsthand Technology
14.3.7 Medical Realities
14.3.8 Atheer
14.3.9 Augmedix
14.3.10 Oculus
14.3.11 CAE Healthcare
14.3.12 Philips
14.3.13 D Systems
14.3.14 VirtaMed
14.3.15 HTC
14.3.16 Siemens
14.3.17 Virtually Better
