Augmented and Virtual Reality in Healthcare Market by Component (Hardware, Software), by Technology (AR, VR), by Application (Fitness Management, Patient Care Management), by Region (Americas, Asia-Pacific, Europe, Middle East and Africa) – Global Forecast (2020 to 2027)

Augmented and Virtual Reality in Healthcare Market - Global Industry Analysis and Forecast 2020 to 2027

Augmented and Virtual Reality in Healthcare Market: Summary

The Global Augmented and Virtual Reality in Healthcare Market is projected to reach a value of USD 7213.73 million by 2027 at a CAGR of 31.4%.

The augmented reality is the real time of information in the form of text, audio, graphics as well as the virtual enhancements integrated with real-world objects. Whereas, the virtual reality is the use of computer technology to create a simulated environment. It use in the healthcare to enhance the patient experience, psychological relief and treatment, data visualization and for advanced diagnostics. Global augmented and virtual reality in healthcare market is rising with the growing penetration of Internet of things (IoT). However, the huge cost of products and devices are anticipated to hamper the growth of the market.

Augmented and Virtual Reality in Healthcare Market

Augmented and Virtual Reality in Healthcare Market: Market Dynamics

Market Driver:

  • Increasing Investments and Funding in Healthcare  
    • There has been increasing investments and funding in healthcare is play a significant role for the augmented and virtual reality in healthcare market.
    • The LENSAR system, has developed by LENSAR, Inc. which is argumented reality (AR) featured laser technology that has been used for performing precise as well as accurate cataract surgeries. However, the company has raised more than USD 70 million from investors which includes Aisling Capital, Florida Growth Fund, Florida Opportunity Fund, Oxford Finance Corporation, and PDL Biopharma.
    • Furthermore, the MindMaze, which is a Swiss-based start-up, has raised also USD 100 million from the multinational conglomerate, Hinduja Group, for the growth of the Virtual reality hardware and software for the purpose to provide the clinical treatments for the stroke patients.
    • The US government is making significant investments in these technologies to get the objective of cost saving and provide start-ups & small enterprises with business growth in this industry.
    • With the growing in number of startups has also led to create an opportunities for investments to fund development of AR & VR technologies.
    • In October 2018, the Digital Health Technology Catalyst programme has permit USD 582,033 to partnership in between the University of Chester and Countess of Chester Hospital to work on a VR project for the helping stroke patient practice.
  • Increasing Adoption of Connected Devices
  • Increasing Integration of Technology & Digitalization in Healthcare

Market Challenges:

  • Lack of Skilled Professionals

Augmented and Virtual Reality in Healthcare Market: Key Segments

The augmented and virtual reality in healthcare market is majorly segmented into component, technology, application and end-user.

  • On the basis of component, the market is bifurcated into hardware, software and services. The hardware segment is expected to get the highest share growth in the forecast period. The devices such as desktops and head-mounted display is majorly important while using these technology.
  • On the basis of technology, the market is sub segmented into augmented reality and virtual reality. The AR is projected to get the highest growth, as it broad applications as well as has helps to bring a significant changes to the healthcare sector. For example, it helps to provide assistance in the surgeries, patient care, and supporting in medical training.
  • On the basis of application, the market is divided into fitness management, patient care management, surgery, medical training and education and others.
  • On the basis of end-user, the market is sub segmented into hospitals and surgical centers, research and diagnostics laboratories, research organizations, government and defense institutions and others.

Augmented and Virtual Reality in Healthcare Market: Key Regions

Augmented and Virtual Reality in Healthcare

On the basis of region, the market is divided into America, Europe, Asia Pacific, and Middle East & Africa. America accounted for the major market share with the growing adoption of new technology and sophisticated infrastructure. However, Asia-Pacific is projected grow at the fastest growth rate, with growing number of Internet and smartphone users using AR applications. Also, with the growing initiatives by the government for the adoption of the emerging technologies is projected to fuel the growth of the market in the forecast period.

Augmented and Virtual Reality in Healthcare Market: Report Scope

The report on the augmented and virtual reality in healthcare market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Historical Year

2018

Base Year

2019

Forecasted Period

2020-2027 (2020 estimated year, forecast up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Technology, Application and End-User

Regional Coverage

Americas, Asia-Pacific, Europe, Middle East & Africa

Key Companies Covered

  • 3D Systems, Inc (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • Atheer, Inc
  • Augmedix, Inc.
  • CAE Healthcare
  • General Electric
  • Google
  • Medical Realities Ltd
  • Microsoft
  • MindMaze
  • Psious
  • Other Key Companies

Augmented and Virtual Reality in Healthcare Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Augmented and Virtual Reality in Healthcare Market, by Component

  • Hardware
  • Software
    • Software Development Kits
    • Cloud-Based Services    
  • Services

Augmented and Virtual Reality in Healthcare Market, by Technology

  • Augmented Reality
    • Training & Medical Education
    • Surgical Application
    • Rehabilitation
  • Virtual Reality
    • Virtual Reality Exposure Therapy
    • Rehabilitation
    • Simulation
    • Diagnostics

 Augmented and Virtual Reality in Healthcare Market, by Application

  • Fitness Management
  • Patient Care Management
  • Surgery
  • Medical Training and Education
  • Others

Augmented and Virtual Reality in Healthcare Market, by End-User

  • Hospitals and Surgical Centers
  • Research and Diagnostics Laboratories
  • Research Organizations
  • Government and Defense Institutions
  • Others

Augmented and Virtual Reality in Healthcare Market, by Region

  • Americas
    • North America
      • US
      • Canada
    • Latin America
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Middle East
    • Africa

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Augmented and Virtual Reality in Healthcare Market Providers
  • Augmented and Virtual Reality in Healthcare Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Augmented and Virtual Reality in Healthcare Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Augmented and Virtual Reality in Healthcare Market STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Penetration of Internet of Things (IoT)
      2. Increasing Adoption of Connected Devices
      3. Increasing Investments and Funding in Healthcare Industry
    3. Restraints
      1. Huge Cost of Products and Devices
    4. Opportunities
      1. Increasing Integration of Technology & Digitalization in Healthcare
      2. Rising Demand for AR and VR in Emerging Markets
    5. Challenges
      1. Lack of Skilled Professionals
      2. Data Security and Privacy Issues
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Service
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL AUGMENTED AND VIRTUAL REALITY IN HEALTHCARE MARKET BY COMPONENT, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Hardware
    3. Software
      1. Software Development Kits
      2. Cloud-Based Services    
    4. Services  
  7. GLOBAL AUGMENTED AND VIRTUAL REALITY IN HEALTHCARE MARKET BY TECHNOLOGY, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Augmented Reality
      1. Training & Medical Education
      2. Surgical Application
      3. Rehabilitation
    3. Virtual Reality
      1. Virtual Reality Exposure Therapy
      2. Rehabilitation
      3. Simulation
      4. Diagnostics
  8. GLOBAL AUGMENTED AND VIRTUAL REALITY IN HEALTHCARE MARKET BY APPLICATION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Fitness Management
    3. Patient Care Management
    4. Surgery
    5. Medical Training and Education
    6. Others
  9.  GLOBAL AUGMENTED AND VIRTUAL REALITY IN HEALTHCARE MARKET BY END-USER MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Hospitals and Surgical Centers
    3. Research and Diagnostics Laboratories
    4. Research Organizations
    5. Government and Defense Institutions
    6. Others
  10. GLOBAL AUGMENTED AND VIRTUAL REALITY IN HEALTHCARE MARKET BY REGION, MARKET SIZE IN USD MILLION (2018-2027)
    1. America
      1. North America
        1. US
        2. Canada
      2. Latin America
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    4. Middle East and Africa
      1. Middle East
      2. Africa
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  12. COMPANY PROFILES
    1. 3D Systems, Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. Atheer, Inc.
    3. Augmedix, Inc.
    4. CAE Healthcare
    5. General Electric
    6. Google
    7. Medical Realities Ltd
    8. Microsoft
    9. MindMaze
    10. Psious
    11. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 0112

Published : October, 2020


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