Market Research Future (MRFR) has published a cooked research report on the “Global AR and VR in Healthcare Market” that contains information from 2022 to 2030. The Global AR and VR in Healthcare Market is estimated to register a CAGR of 42.42% during the forecast period of 2022 to 2030.
Global AR and VR in Healthcare Market accounted to register a CAGR of 42.42% during the forecast period and is estimated to reach USD 6.94 Billion by 2030.
AR, which stands for Augmented Reality, and VR, which stands for Virtual Reality, are innovative technologies that have found applications in the healthcare industry. Augmented Reality involves overlaying virtual elements onto the real-world environment, providing an enhanced view and interaction with the physical world. In healthcare, AR can be used for surgical assistance, medical education, and training, enabling surgeons to visualize patient-specific information during procedures and improving precision. On the other hand, Virtual Reality immerses users in a completely simulated environment, blocking out the physical world. In healthcare, VR has been used for pain management, rehabilitation therapy, phobia treatment, and medical training simulations, providing immersive and interactive experiences for patients, healthcare professionals, and students. Both AR and VR technologies have the potential to revolutionize healthcare by improving patient outcomes, enhancing medical education, and advancing medical research and diagnostics.
MRFR recognizes the following companies as the key players in the Global AR and VR in Healthcare Market— Daqri, Atheer, Augmedix, Medical Realities, Firsthand Technology, Google, EchoPixel Inc., Osso VR Inc., Microsoft, Mindmaze Oculus VR, and Orca Health Inc.
The Global AR and VR in Healthcare Market has been segmented based on Technology, Offering, and Application.
Based on the Technology, the market is segmented into AR and VR technology. AR dominates the AR and VR in Healthcare market due to its ability to overlay virtual information onto the real-world environment, enhancing surgical assistance, medical education, and training in healthcare settings.
Based on the Offering, the market is segmented into Hardware and Software. The Hardware category dominates the AR and VR in Healthcare market due to the demand for advanced devices and equipment such as headsets, sensors, and cameras required for immersive AR and VR experiences in healthcare applications.
Based on Application, the market is segmented into Fitness, Patient Care, Pharmacy Management, and Others. The Pharmacy Management category dominates the AR and VR in Healthcare market due to The utilization and dominance of AR and VR technologies may vary across different healthcare sectors and applications.
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The Global AR and VR in Healthcare Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global AR and VR in Healthcare Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global AR and VR in Healthcare Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global AR and VR in Healthcare Market comprises of Middle East, Africa, and Latin America.
In 2021, the North America AR and VR in Healthcare market reached a valuation of USD 0.18 billion and is projected to exhibit substantial growth with a significant CAGR during the forecast period. This growth is fueled by factors such as increased investment, rising research and development activities, a well-developed healthcare infrastructure, prominent market players, and a surge in product launches in the region.
Europe's AR and VR in Healthcare market holds the second-largest market share, benefiting from advanced treatment facilities and strong government support aimed at developing the healthcare industry.
The Asia-Pacific AR and VR in Healthcare market are expected to witness the fastest growth rate from 2022 to 2030. This growth is attributed to increased government and private funding supporting the healthcare industry, improvements in healthcare infrastructure, and the integration of connected devices into healthcare practices.
Key Findings of the Study