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.
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
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
Augmented And Virtual Reality In Healthcare Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 30.44%
Market growth 2021-2025
USD 4.49 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
Europe at 34%
Key consumer countries
US, China, UK, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
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.
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,
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Table of Contents
Value chain analysis
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 Segmentation by Component
Comparison by Component
Hardware - Market size and forecast 2020-2025
Software - Market size and forecast 2020-2025
Market opportunity by Component
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 positioning of vendors
3D Systems Corp.
General Electric Co.
Intuitive Surgical Inc.
Koninklijke Philips NV
Orca Health Inc.
Siemens Healthineers AG
Scope of the report
Currency conversion rates for US$
List of abbreviations
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