Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Hardware, Software and Service.

By Technology;

Augmented Reality and Virtual Reality.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn525019724 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market (USD Million), 2020 - 2030

In the year 2023, the Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market was valued at USD 3,148.08 million. The size of this market is expected to increase to USD 31,560.92 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 39.0%.

The global Augmented Reality (AR) and Virtual Reality (VR) in healthcare market is experiencing a significant surge in growth and innovation, revolutionizing the way medical professionals deliver care and patients experience treatment. AR and VR technologies have transcended traditional boundaries, offering immersive and interactive solutions that enhance medical training, patient education, surgical procedures, rehabilitation, and therapy sessions.

Augmented Reality overlays digital information onto the real-world environment, providing medical professionals with contextualized data, visualizations, and guidance during surgical procedures, medical training simulations, and diagnostic assessments. AR applications enable surgeons to visualize patient anatomy in 3D, precisely plan interventions, and navigate complex anatomical structures in real time, enhancing surgical accuracy and patient safety. Moreover, AR-based medical education platforms offer interactive learning experiences, allowing students to explore virtual anatomy models, simulate medical procedures, and engage in realistic clinical scenarios, thereby improving learning outcomes and retention.

Virtual Reality creates immersive, computer-generated environments that simulate real-world scenarios or imaginary landscapes, transporting users to virtual realms where they can interact with digital elements and objects. In healthcare, VR technology is revolutionizing patient care by providing therapeutic interventions, pain management solutions, and immersive experiences for mental health disorders. VR-based exposure therapy helps patients overcome phobias, anxiety disorders, and post-traumatic stress disorder (PTSD) by gradually exposing them to triggering stimuli in a controlled virtual environment. VR distraction techniques alleviate pain and anxiety during medical procedures, rehabilitation exercises, and chronic pain management, offering a non-pharmacological alternative to traditional pain management approaches.

The convergence of AR and VR technologies in healthcare has unlocked unprecedented opportunities for innovation and transformation across the entire continuum of care. From medical training and surgical planning to patient education and rehabilitation, AR and VR solutions are empowering healthcare professionals, improving patient outcomes, and enhancing the overall quality of care delivery. As these technologies continue to evolve and gain widespread adoption, the global AR and VR in healthcare market is poised for exponential growth, driven by the relentless pursuit of innovation and the pursuit of improved patient experiences and clinical outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Region
  4. Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enhanced Patient Care and Treatment

        2. Medical Training and Education

        3. Growing Adoption of Wearable Devices

      2. Restraints
        1. High Implementation Costs

        2. Limited Evidence of Clinical Efficacy

        3. User Acceptance and Training Needs

      3. Opportunities
        1. Enhanced Medical Training and Education

        2. Surgical Planning and Visualization

        3. Remote Patient Monitoring and Telemedicine

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market, By Component, 2020 - 2030 (USD Million)
      1. Hardware
      2. Software
      3. Service
    2. Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market, By Technology, 2020 - 2030 (USD Million)
      1. Augmented Reality

      2. Virtual Reality

    3. Global Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CAE
      2. GE Healthcare
      3. Koninklijke Philips N.V.
      4. Intuitive Surgical
      5. Siemens Ltd
      6. Eon Reality, Inc
      7. Layar
      8. Bioflight VR
      9. WorldViz
      10. TheraSim Inc
      11. Mindmaze
  7. Analyst Views
  8. Future Outlook of the Market

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