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Augmented Reality and Virtual Reality in Healthcare Market Size, Share & Trends Analysis By 2030
In a recent research report by Market Research Community, the augmented reality and virtual reality in the healthcare market is expected to surpass USD 23.9 Billion by the year 2030, from USD 2.69 Billion in 2021.
Augmented reality and virtual reality in healthcare is a technology integration procedure that allows medical professionals to utilize virtual simulations which aid in performing complex surgeries such as bariatric surgeries, craniological surgeries, abdominal surgeries, and others. This facilitates the efficiency rates of surgeries by practicing multiple surgical techniques on the simulators.
Top Key Players Covered in This Report Are:
Atheer, Augmedix, Medical Realities, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Bioflight VR, WorldViz, TheraSim Inc, Mindmaze.
Medical Training and Education
Pharmacy Management and Surgery
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The medical training and education segment is estimated to witness significant growth during the projected period. The factors such as the immersive experience of patient body anatomy from different scales and angles and increased opportunities for medical professionals to learn the best surgical practices to reduce the risks of surgical mistakes are expected to support the growth of the medical training and education segment.
Europe is projected to contribute the largest share to the augmented reality and virtual reality in the healthcare market during the forecast period. The factors such as expanding venture capital investments, high adoption of innovative technologies such as AR & VR in medical facilities, and rising expenditure on research and development of technologies, especially virtual reality, in the healthcare system support the market growth in the European region.
The market is projected to grow at a significant pace reaching a CAGR of approximately 27.5%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
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The study is categorized into major segments and further into sub-segments, such as by component (hardware, software, and services), by application (pain management, medical training and education, pharmacy management and surgery), by technology (augmented reality, virtual reality), by end-use (hospital, clinics, surgical centers, research organizations, pharma companies), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Market Research Community