Market Overview:
The global healthcare augmented and virtual reality market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for AR and VR in surgical applications, rehabilitation, training & medical education, and growing awareness about the benefits of AR and VR technology. The hardware segment is expected to account for the largest share of the global healthcare augmented and virtual reality market in 2018, followed by software and services. North America is expected to account for the largest share of the global healthcare augmented and virtual reality market in 2018, followed by Europe.
Product Definition:
Healthcare Augmented Reality (AR) is the use of AR technology within a clinical or medical setting. It has the potential to improve healthcare by providing new ways for clinicians to learn, practice and provide care. For example, surgeons can use AR to view 3D images of inside a patient's body during surgery. Healthcare Virtual Reality (VR) is the use of VR technology within a clinical or medical setting. VR has many potential applications in healthcare, such as allowing patients to experience simulations of procedures before they are carried out; helping with pain relief; improving mental health treatments; and enhancing communication between clinicians and patients.
Hardware:
Hardware is the part of healthcare technology that supports the digital health ecosystem. It includes devices such as smartphones, wearables, and headsets. The hardware industry has been growing at a rapid rate over the past few years due to increasing demand for technologically advanced products in various verticals including healthcare. Increasing penetration of internet & smartphone along with rising disposable income is expected to boost market growth during the forecast period from 2015 to 2022.
Global Healthcare Augmented.
Software and Service:
Software and service are used in healthcare augmented reality & virtual reality to improve the patient experience. The growing adoption of consumer electronic devices such as smartphones, tablets, and wearables is expected to drive market growth over the forecast period.
The software segment includes solutions such as enterprise mobility management solutions; enterprise social tools; enterprise content management solutions; wearable device management solution etc., which help in improving workflow efficiency by providing integrated access to information across all platforms.
Application Insights:
The training and medical education segment dominated the global healthcare augmented and virtual reality market in 2017. This can be attributed to the increasing adoption of these devices for providing immersive experiences that help trainees perform better during surgeries or other medical procedures. For instance, a company called ImmersiveTouch provides VR simulation solutions for surgical training, wherein it has partnered with several hospitals including Stanford University Hospital to provide VR simulation services. The company also offers an educational service wherein it partners with various schools offering customized learning solutions using its VR equipment to improve student performance.
The rehabilitation segment is expected to register significant growth over the forecast period owing to rising adoption of these devices by physiotherapists, occupational therapists and others for treating physical injuries such as shoulder dislocation or tennis elbow among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to high demand for advanced healthcare technologies, increasing adoption of new and emerging technologies, and rising awareness among end-users. Moreover, presence of key players such as Microsoft Corporation; Dell EMC; Google LLC; Stereoscopic Health Inc.; ZEISS International are contributing towards growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to factors such as improving healthcare infrastructure & facilities along with growing medical tourism industry due to availability of advanced treatment at affordable costs in countries like Japan and China. In addition, increasing investments by governments for developing virtual reality based training programs are also expected drive regional market growth over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to reach $US128.9 billion by 2020. This is largely due to the advantages of these procedures over traditional open surgery, including shorter hospital stays, reduced pain and blood loss, and faster recovery times. Augmented reality technology can play a role in assisting surgeons with these types of procedures by providing real-time information about the patient's anatomy that would otherwise be unavailable during surgery.
- Aging population: The number of people aged 65 or older is projected to more than double from 547 million in 2010 to 1.3 billion by 2050. This growing segment of the population will require increased access to healthcare services, many of which will be delivered through augmented and virtual reality technologies. For example, elderly patients may benefit from VR-based therapies that can help improve their mobility and cognitive function.
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Augmented and Virtual Reality Market Research Report
By Type
Hardware, Software and Service
By Application
Surgical Application, Rehabilitation, Training & Medical Education
By Companies
CAE, Immersivetouch, Mentice, Mimic Technologies, Simbionix, Surgical Theather, Virtamed, VR Simulators, Zspace
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Augmented and Virtual Reality Market Report Segments:
The global Healthcare Augmented and Virtual Reality market is segmented on the basis of:
Types
Hardware, Software and Service
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
Surgical Application, Rehabilitation, Training & Medical Education
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:
- CAE
- Immersivetouch
- Mentice
- Mimic Technologies
- Simbionix
- Surgical Theather
- Virtamed
- VR Simulators
- Zspace
Highlights of The Healthcare Augmented and Virtual Reality 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:
- Hardware
- Software and Service
- By Application:
- Surgical Application
- Rehabilitation
- Training & Medical Education
- 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 Healthcare Augmented and Virtual Reality 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?
Healthcare augmented and virtual reality are technologies that allow people to interact with healthcare providers in a more immersive way. With healthcare augmented and virtual reality, patients can see doctors, nurses, or other health professionals in realistic 3D environments. Patients can also explore medical procedures or treatments from different angles. Healthcare augmented and virtual reality can help patients feel more connected to their care team and improve their understanding of medical conditions.
Some of the major companies in the healthcare augmented and virtual reality market are CAE, Immersivetouch, Mentice, Mimic Technologies, Simbionix, Surgical Theather, Virtamed, VR Simulators, Zspace.
The healthcare augmented and virtual reality market is expected to grow at a compound annual growth rate of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size & Forecast, 2018-2028
4.5.1 Healthcare Augmented and Virtual Reality Market Size and Y-o-Y Growth
4.5.2 Healthcare Augmented and Virtual Reality Market Absolute $ Opportunity
Chapter 5 Global Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software and Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
6.2.1 Surgical Application
6.2.2 Rehabilitation
6.2.3 Training & Medical Education
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software and Service
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 Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
9.10.1 Surgical Application
9.10.2 Rehabilitation
9.10.3 Training & Medical Education
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 Healthcare Augmented and Virtual Reality Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software and Service
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 Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
10.10.1 Surgical Application
10.10.2 Rehabilitation
10.10.3 Training & Medical Education
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 Healthcare Augmented and Virtual Reality Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software and Service
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 Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
11.10.1 Surgical Application
11.10.2 Rehabilitation
11.10.3 Training & Medical Education
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 Healthcare Augmented and Virtual Reality Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare Augmented and Virtual Reality 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 Healthcare Augmented and Virtual Reality Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software and Service
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 Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
12.10.1 Surgical Application
12.10.2 Rehabilitation
12.10.3 Training & Medical Education
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) Healthcare Augmented and Virtual Reality Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare Augmented and Virtual Reality 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) Healthcare Augmented and Virtual Reality Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software and Service
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) Healthcare Augmented and Virtual Reality Market Size Forecast by Applications
13.10.1 Surgical Application
13.10.2 Rehabilitation
13.10.3 Training & Medical Education
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 Healthcare Augmented and Virtual Reality Market: Competitive Dashboard
14.2 Global Healthcare Augmented and Virtual Reality Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CAE
14.3.2 Immersivetouch
14.3.3 Mentice
14.3.4 Mimic Technologies
14.3.5 Simbionix
14.3.6 Surgical Theather
14.3.7 Virtamed
14.3.8 VR Simulators
14.3.9 Zspace
