AR & VR in Healthcare Market Size to Reach USD 11.49 Billion in 2028, Says Reports And Data

Rapid digitalization and rise in government initiatives for modernization of healthcare sector are driving market revenue growth

The global AR & VR in healthcare market size is expected to reach USD 11.49 Billion in 2028 and register a revenue CAGR of 24.3% over the forecast period, according to the latest report by Reports and Data. Rising prevalence of complex surgeries and increasing adoption of digital technology in healthcare sector are driving market revenue growth.

Augmented Reality (AR) is being adopted for training and education of medical personnel. AR-based modules offer anatomical visualization and simulation and provides medical personnel with complete learning experience. These modules are also being used to train patients and help them understand treatment procedure and care management. AR-based visualization assists surgeons in improving accuracy and precision during complex surgeries.

The healthcare industry has transformed with the adoption of technology for virtual training of surgeons for complicated surgeries, phobia buster in mental health treatment, 3D operating room simulations, and chronic pain management. They also play an essential role in EMDR (Eye Movement Desensitization and Reprocessing) therapy that allow reframing traumatic memories through specific eye movements. Also, VR-based organ models help surgeons prepare for delicate and complex operations that need higher accuracy, fewer complications, and decreased trauma.

In addition, AR & VR technology offer advantages in several areas of care management like cancer therapy, autism & depression therapy, and assisted living. AR & VR are being used to help patient with Post-Traumatic Stress Disorder (PTSD) and reduce anxiety in children undergoing blood test or other painful procedures. Virtual reality exposure therapy (VRET) is an exposure therapy which is being used to treat anxiety disorders, including specific phobias. Virtual Reality (VR) allow better planning to support safety of patients by reducing exposure to radiation dose. It saves time with enhanced precision and fewer side effects.

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Some Key Highlights From the Report

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For the purpose of this report, Reports and Data has segmented the AR & VR in healthcare market based on component, technology, application, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

  • Hardware
  • Software
  • Services

Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Augmented Reality
    1. Head-Mounted Display (HMD)
    2. Handheld Device
  • Virtual Reality
    1. Head-Mounted Display (HMD)
    2. Gesture Tracking Devices
    3. Projectors and Display Walls

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Simulation & diagnostics
  • Surgeries
  • Patient care management
  • Education
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals & Clinics
  • Surgical centers
  • Research organizations

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Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. 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. South Africa
    4. Israel
    5. Rest of MEA

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Some points on how the report benefits stakeholders:

  • The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
  • The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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