Augmented Reality and Virtual Reality in Healthcare Market Forecast in 2027

The latest and updated research report on the Global Augmented Reality and Virtual Reality in Healthcare Market covers a comprehensive overview of the Augmented Reality and Virtual Reality in Healthcare market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis.Increasing healthcare expenditure and deployment of more advanced technologies in medical procedures are key factors driving global market revenue growth

The report also covers the influence of the COVID-19 pandemic on the Augmented Reality and Virtual Reality in Healthcare market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.

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Rising adoption of augmented reality and virtual reality in healthcare applications can be attributed enhanced ability for healthcare providers and surgeons to provide more effective health services and gain ability to train healthcare personnel more efficiently and effectively are other factors driving market revenue growth.Some key factors hampering augmented and virtual reality in healthcare market include data privacy safety and concerns, lack of skilled professionals, and high cost of equipment. Extreme engagement in screens can cause strain to the eyes. In addition, low performance and lack of capability to deploy advanced technologies in healthcare are other factor hampering market revenue growth.

The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

In 2020, surgery segment accounted for significantly large revenue share. Application of virtual reality offers a view of a patient’s physiology and anatomy, and helps surgeons in the operating room. Increasing deployment of virtual reality and augmented reality technologies in surgical procedures are driving growth of this segment.

Market in North America accounted for largest revenue share in 2020 due to increasing deployment of augmented and virtual reality in healthcare sector. Rising investment in Research and Development (R&D) activities in healthcare sector is also driving market growth in this region. Moreover, presence of key market players is also contributing to growth of the market.

Some major players in the global market report include Siemens, Koninklijke Philips N.V., CAE Inc., General Electric, Laerdal, EON Reality, Firsthand Technology Inc., Intuitive Surgical Inc., WorldViz Inc., and VirtaMed AG.

Report Overview 
1.1 Research Scope
1.2 Key Augmented Reality and Virtual Reality in Healthcare market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline

Global Growth Trends 
2.1 Global Augmented Reality and Virtual Reality in Healthcare market size
2.2 Latest Augmented Reality and Virtual Reality in Healthcare market trends
2.3 Key growth trends

Competitive Landscape 
3.1 Global Augmented Reality and Virtual Reality in Healthcare market key players
3.2 Global Augmented Reality and Virtual Reality in Healthcare size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Augmented Reality and Virtual Reality in Healthcare market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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Emergen Research has segmented the global augmented and virtual reality in healthcare market on the basis of technology, component, application, end-use, and region:

Technology Outlook (Revenue, USD Billion; 2018–2030)

• Augment Reality
• Virtual Reality

Component Outlook (Revenue, USD Billion; 2018–2030)

• Hardware
• Software
• Services

Application Outlook (Revenue, USD Billion; 2018–2030)

• Surgery
• Training & Education
• Behavioral Therapy
• Medical Imaging
• Others

End-use Outlook (Revenue, USD Billion; 2018–2030)

• Hospitals
• Clinics
• Academic Institute
• Others

Regional Outlook (Revenue, USD Billion; 2018–2030)

• North America
  1. U.S.
  2. Canada
  3. Mexico
• Europe
  1. Germany
  2. U.K.
  3. France
  4. BENELUX
  5. Rest of Europe
• Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest Of MEA

Key questions addressed in the report:

What are the key factors driving the global Augmented Reality and Virtual Reality in Healthcare market?

Who are the key manufacturers in this market space?

Who are the distributors, traders and dealers of this market?

What are the market opportunities and risks affecting the performance of the vendors in the global Augmented Reality and Virtual Reality in Healthcare market?

What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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