The study on the Global Augmented Reality And Virtual Reality In Healthcare Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Augmented Reality And Virtual Reality In Healthcare market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
The report provides a detailed outlook on how the pandemic has affected the key segments of the Augmented Reality And Virtual Reality In Healthcare industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Augmented Reality And Virtual Reality In Healthcare industry. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period.
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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.
Some Key Highlights from the Report
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
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In March 2021, Vuzix Corporation, which is a leading supplier of smart glasses and AR technology and products, announce a new partnership with TechSee, which is a leader in intelligent visual assistance technology, to deliver a remote visual assistance solution to field service technicians using AR and computer vision on Vuzix\' M400 and M4000 Smart Glasses.
Hardware segment accounted for largest revenue share in 2020 owing to increasing deployment of augmented and virtual reality in various areas of the healthcare sector. Use of these technologies requires hardware and devices, such as desktops, head-mounted displays, and various other display devices.
Augmented reality segment revenue is expected to register a significantly faster growth rate during the forecast period owing to use of AR enabling detection of ability to detect veins as this can be a challenge for medical personnel dealing some cases, such as when patients have pigmented skin or small blood vessels. In such situations, augmented reality driven technologies allow practitioners to view virtual images of a patient’s vasculature, and this enables professionals to detect a vein more effectively.
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 (RD) 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.
Market Scope:
One of the report’s central components is the broad Augmented Reality And Virtual Reality In Healthcare market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Augmented Reality And Virtual Reality In Healthcare market players.
Key Points of Augmented Reality And Virtual Reality In Healthcare Market:
Extensive coverage of the analysis of the Augmented Reality And Virtual Reality In Healthcare market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Augmented Reality And Virtual Reality In Healthcare market
Complete data about the key manufacturers and vendors in the Augmented Reality And Virtual Reality In Healthcare market
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