Global Healthcare Augmented and Virtual Reality Market Size/Share Worth 11.2 Billion by 2030 at a 28.12% CAGR: Custom Market Insights (Leaders, Report, Trends, Forecast, Segmentation)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Healthcare Augmented and Virtual Reality Market size & share revenue was valued at approximately USD 3.5 Billion in 2021 and is expected to reach around USD 11.2 Billion by 2030, at a CAGR of 28.12% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Eon Reality Inc, Layar, Bioflight VR, WorldViz, TheraSimInc, CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Mindmaze, and others.


Sandy, Utah, USA, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Augmented and Virtual Reality in Healthcare Market Size, Trends, and Insights By Component (Hardware, Software, Services), By Technology (Augmented reality, Virtual reality), By Application (Surgery, Therapy, Education and training, Rehabilitation, Pain Management, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Healthcare Augmented and Virtual Reality Market size & share was valued at approximately USD 3.5 Billion in 2021 and is expected to reach a value of around USD 11.2 Billion by 2030, at a compound annual growth rate (CAGR) of about 28.12% during the forecast period 2022 to 2030.”

Market Dynamics

Drivers

The demand for wearable technologies has increased in recent years. The increased use of augmented and virtual reality has also enhanced the experience of exercise for consumers. The use of this Technology has provided healthcare facilities that are more accessible and also inexpensive.

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Using different types of wearable devices like goggles, fit bands, and rings or expected to drive the market growth in the coming years. Using these devices for treating patients’ mental health will drive market growth in the coming years. It also helps in the treatment of depression.

It provides a safer environment for the patients due to which the market is expected to grow well in the coming years period the communication between doctors and patients is also enhanced due to the use of these devices, and it also helps in understanding the treatment procedures in a better way which will drive the market growth in the coming years. The use of augmented and virtual reality by psychiatrists and surgeons is expected to drive market growth in the coming years.


(A free sample of the Healthcare Augmented and Virtual Reality report is available upon request; please contact us for more information.)


Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Healthcare Augmented and Virtual Reality report has been modified to include the COVID-19 impact study prior to delivery.)

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Restraints

There are many technical limitations in the industry, due to which the usage of virtual reality and augmented reality technologies will be limited. When it comes to a few healthcare conditions, virtual reality may be of no use and will hamper the market’s growth in the coming years. Other restaurants in the market’s growth are the specifications of the computer in use and the resolution of the computer.

Opportunities

There has been an increased use of augmented reality and virtual reality in the diagnosis of various diseases, and it also helps in planning a proper path for treatment, due to which the demand for these platforms and technologies is expected to grow in the coming years period to treat anxiety and depression inpatient psychiatrists are making use of these technologies on a large scale. These technologies have proven to be extremely beneficial in performing complex surgeries, due to which the demand for these platforms is expected to grow well in the healthcare sector during the forecast period.

Key questions answered in this report:

  • What is the size of the Healthcare Augmented and Virtual Reality market and what is its expected growth rate?
  • What are the primary driving factors that push the Healthcare Augmented and Virtual Reality market forward?
  • What are the Healthcare Augmented and Virtual Reality Industry's top companies?
  • What are the different categories that the Healthcare Augmented and Virtual Reality Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Healthcare Augmented and Virtual Reality market sample report and company profiles?

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Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Challenges

One of the major challenges that hamper the market’s growth is the affordability of augmented and virtual reality platforms. The augmented reality platforms used in healthcare are extremely expensive and complex. There are many security or privacy concerns associated with augmented reality, due to which the market growth will be hampered in the coming years.

Report Highlights

based on components, the hardware segment is expected to dominate the market in the coming years period this segment has had the largest market share in the past, which was about 67.6 percent in terms of revenue, and it is expected to grow well in the coming years period the growing demand for various devices like the 3D sensors, smart glasses and the displays that are head-mounted will drive the market growth in the coming years.

These devices are used on a large scale in the healthcare sector. Simulation and training are the applications of these devices. These devices are also used on a large scale for performing various surgeries. Using these devices in the diagnosis will also play an important role in the market’s growth in the coming years. The growing demand for hardware that can be used in multiple applications will also play an instrumental role in the growth of augmented and virtual reality in healthcare market in the coming years.

Based on Application, the surgery segment is expected to have the largest market share in the coming years. They’re used for performing minimally invasive surgeries. Constant advancements in Technology will lead to its use in surgeries. Many companies are entering into collaborations and partnerships to provide new products in the market.

Based on the Technology used, the augmented reality segment is expected to have the largest market share compared to the virtual reality segment. Augmented reality had a share of about 59% in the past in terms of revenue and will continue to grow in the coming years.

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Regional Snapshots

The North American region is expected to dominate the market in the coming years period the demand for augmented reality, and virtual reality in the healthcare sector of the North American region has increased to a great extent. The North American region had a market share of about 40 or sentence terms of revenue in the past and is expected to grow well in the coming years.

Many reasons have been instrumental in the market’s growth in the North American region. The constant research and development activities in this region due to the increased investments have proved to be a boon in the market’s growth. Adopting the latest technologies is also beneficial for the market’s growth. Initiatives taken by the government of various regions in the North American region are extremely favorable for market growth. To conduct research in virtual reality, government institutes offer funds to increase the adoption of virtual reality in the healthcare sector.

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The IT services in healthcare are outsourced as there has been no growth in the pressure by the providers of healthcare. The Asia Pacific region is expected to grow at the highest compound annual growth rate in the coming years as the population of this region is growing at the highest pace. To provide better infrastructure for healthcare, governments are taking initiatives that support the market’s growth in countries like China, India, Brazil, and Mexico.

Report Scope

Feature of the ReportDetails
Market Size in 2021USD 3.5 Billion
Projected Market Size in 2030USD 11.2 Billion
CAGR Growth Rate28.12% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersEon Reality Inc, Layar, Bioflight VR, WorldViz, TheraSimInc, CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Mindmaze, and Others
Key SegmentBy Component, Technology, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfill your requirements for research.

Key Players 

  • Eon Reality Inc
  • Layar
  • Bioflight VR
  • WorldViz
  • TheraSimInc
  • CAE
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Intuitive Surgical
  • Siemens Ltd
  • Mindmaze

Recent Developments

  • For treating different types of mental disorders, as many as 70 scenes in virtual reality are offered by Psious’s Toolkit, which has videos in a 360-degree format.

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Segments covered in the report

By Component

  • Hardware
  • Software
  • Services

By Technology

  • Augmented reality
  • Virtual reality

By Application

  • Surgery
  • Therapy
  • Education and training
  • Rehabilitation
  • Pain management
  • Others

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On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

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This Healthcare Augmented and Virtual Reality Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Healthcare Augmented and Virtual Reality? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Healthcare Augmented and Virtual Reality Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was the Global Market Status of the Healthcare Augmented and Virtual Reality Market? What Was the Capacity, Production Value, Cost and PROFIT of the Healthcare Augmented and Virtual Reality Market?
  • What Is the Current Market Status of the Healthcare Augmented and Virtual Reality Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Healthcare Augmented and Virtual Reality Market by Taking Applications and Types in Consideration?
  • What Are Projections of the Global Healthcare Augmented and Virtual Reality Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Healthcare Augmented and Virtual Reality Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact on Healthcare Augmented and Virtual Reality Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Is the Market Dynamics of the Healthcare Augmented and Virtual Reality Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Healthcare Augmented and Virtual Reality Industry?

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Reasons to Purchase Healthcare Augmented and Virtual Reality Market Report

  • Healthcare Augmented and Virtual Reality Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Healthcare Augmented and Virtual Reality Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Healthcare Augmented and Virtual Reality Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Healthcare Augmented and Virtual Reality Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

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Reasons for the Research Report

  • The study provides a thorough overview of the global Healthcare Augmented and Virtual Reality market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Healthcare Augmented and Virtual Reality market analysis.
  • The competitive environment of current and potential participants in the Healthcare Augmented and Virtual Reality market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

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Who should buy this report?

  •  Participants and stakeholders worldwide Healthcare Augmented and Virtual Reality market should find this report useful. The research will be useful to all market participants in the Healthcare Augmented and Virtual Reality industry.
  •  Managers in the Healthcare Augmented and Virtual Reality sector are interested in publishing up-to-date and projected data about the worldwide Healthcare Augmented and Virtual Reality market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Healthcare Augmented and Virtual Reality products' market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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