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Augmented and Virtual Reality in Healthcare Market Size to Grow by USD 4.49 Billion | 3D Systems Corp. and AccuVein Inc. Among Key Vendors | Technavio

·6 min read

NEW YORK, July 18, 2022 /PRNewswire/ -- Virtual reality (VR) and augmented reality (AR) are being adopted by healthcare companies for enhanced data analysis and healthcare practices. These technologies help them find new ways to connect with patients, thus providing remote and personalized care. They are also used to support and train surgeons.

Technavio has announced its latest market research report titled Augmented and Virtual Reality in Healthcare Market by Component and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Augmented and Virtual Reality in Healthcare Market by Component and Geography - Forecast and Analysis 2021-2025

The augmented and virtual reality in healthcare market size is expected to grow by USD 4.49 billion from 2020 to 2025. The growth can be mainly attributed to the growing demand for healthcare services.

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Frequently Asked Questions:

  • At what rate is the market projected to grow?
    The growth momentum of the market is expected to accelerate at a CAGR of 30.44% during the forecast period.

  • What was the year-over-year growth rate of the market in 2021?
    The year-over-year growth rate of the market in 2021 was 23.39%.

  • Is the augmented and virtual reality in healthcare market concentrated or fragmented?
    The augmented and virtual reality in healthcare market is fragmented.

  • What are the key market challenges?
    The infrastructural and integration issues will challenge the growth of the market.

Augmented and Virtual Reality in Healthcare Market 2021-2025: Scope

The augmented and virtual reality in healthcare market report covers the following areas:

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Augmented and Virtual Reality in Healthcare Market 2021-2025: Vendor Analysis

3D Systems Corp., AccuVein Inc., General Electric Co., Intuitive Surgical Inc., Koninklijke Philips NV, Microsoft Corp., Orca Health Inc., Siemens Healthineers AG, Wipro Ltd., and WorldViz Inc. are some of the major market participants. The key offerings of some of these vendors are listed below:

  • 3D Systems Corp. - The company offers solutions through augmented and virtual reality, such as virtual surgical planning solutions.

  • AccuVein Inc. - The company offers solutions through augmented and virtual reality, such as Vein Visualization, which provides X-ray vision, revealing internal features that would be difficult to see otherwise.

  • General Electric Co. - The company offers solutions through augmented and virtual reality, such as Virtual Reality (VR) technology for HTM, which helps students to gain experience maintaining and troubleshooting a system at their work site. Also, VR training offers a safe, low-risk learning environment.

Augmented and Virtual Reality in Healthcare Market 2021-2025: Segmentation

  • Component

  • Geography

To learn more about the contribution of each segment and regional opportunities,
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Augmented and Virtual Reality in Healthcare Market 2021-2025: Revenue-generating Component Segments

The hardware segment will contribute the highest market share growth during the forecast period. This is because manufacturers are making technologically advanced devices that can be synchronized with other devices.

Augmented and Virtual Reality in Healthcare Market 2021-2025: Regional Analysis

Europe will account for 34% of the market's growth during the forecast period. The growth of the region is attributed to factors such as high healthcare expenditures and increasing initiatives by public and private organizations to increase the adoption of augmented and virtual reality in healthcare facilities.

Augmented and Virtual Reality in Healthcare Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist augmented and virtual reality in healthcare market growth during the next five years

  • Estimation of the augmented and virtual reality in healthcare market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the augmented and virtual reality in healthcare market across North America, Europe, APAC, MEA, and South America

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of augmented and virtual reality in healthcare market vendors

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Augmented And Virtual Reality In Healthcare Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 30.44%

Market growth 2021-2025

USD 4.49 billion

Market structure

Fragmented

YoY growth (%)

23.39

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 34%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3D Systems Corp., AccuVein Inc., General Electric Co., Intuitive Surgical Inc., Koninklijke Philips NV, Microsoft Corp., Orca Health Inc. , Siemens Healthineers AG, Wipro Ltd., and WorldViz Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2020

  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Component

  • Market segments

  • Comparison by Component

  • Hardware - Market size and forecast 2020-2025

  • Software - Market size and forecast 2020-2025

  • Market opportunity by Component

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2020-2025

  • Europe - Market size and forecast 2020-2025

  • APAC - Market size and forecast 2020-2025

  • MEA - Market size and forecast 2020-2025

  • South America - Market size and forecast 2020-2025

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 3D Systems Corp.

  • AccuVein Inc.

  • General Electric Co.

  • Intuitive Surgical Inc.

  • Koninklijke Philips NV

  • Microsoft Corp.

  • Orca Health Inc.

  • Siemens Healthineers AG

  • Wipro Ltd.

  • WorldViz Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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