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Healthcare AR VR Market Report
Global Healthcare AR VR Market report is segmented by Component Type (Hardware, Software, Service), Application (Surgical application, Rehabilitation, Simulation, Diagnostics, Virtual Reality Exposure Therapy (VRET), Others), and Region. ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Healthcare AR VR Market is expected to grow from USD 1,525.3 million in 2020 to USD 6,707.8 million by 2026 at a CAGR of over 28.7% during the forecast period.
Figure: Global Healthcare AR VR Market Size, 2020-2026 (USD Million)
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What are Augmented reality and Virtual Reality?
Augmented reality (AR) is defined as the use of displays, sensors, and cameras to overlap digital information in the real world. AR in the healthcare industry allows the users the ability to visualize and interact with a 3D representation of bodies. Virtual reality is defined as a computing generate simulation in which a person can interact with an artificial 3D environment using special goggles or gloves with sensors.
Key players operating in the global Healthcare AR-VR Market are-
The increasing adoption of AR-VR in the healthcare sector to train healthcare professionals is one of the key factors propelling the market growth at a significant rate.
Based on component type, the market has been segmented into hardware, software, and service.
Geographically, the market in North America accounted for the largest market share of around 41% in 2020.
The covid-19 outbreak impacted the growth of the healthcare AR and VR market positively as there was a shortage of skilled workers in some healthcare organizations and it became easier to provide training and knowledge transfer to the healthcare professionals using augmented reality. Also, it helped the doctors to educate the patients regarding their health problems.
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The following is a list of the customers that the AR-VR market aims to convert the most:
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The healthcare AR VR market is expected to grow at an impressive CAGR of 28.7% in the foreseeable future.
CAE Inc. (Canada), Koninklijke, Philips N.V. (Netherlands), Siemens Healthineers AG (Germany), Hologic, Inc. (The U.S.), GE Healthcare (The U.S.), Layar (Netherlands), Intuitive Surgical, Inc. (The U.S.), WorldViz (The U.S.), TheraSim Inc. (The U.S.), and EON Reality (The U.S.) are among the key players in the healthcare AR VR market.
The healthcare AR VR market size is expected to reach USD 6,707.8 million in the coming five years.
North America accounted for the largest share of healthcare AR VR market of around 41% in 2020.
The hardware segment accounted for the largest share of healthcare AR VR market in 2020.
Increasing adoption of AR-VR in the healthcare sector to train healthcare professionals, high investment in research and development activities in the healthcare sector to develop a technologically advanced solution to various healthcare problems are among the factors driving the growth of healthcare AR VR market.
Healthcare AR-VR manufacturers, Healthcare AR-VR suppliers, Healthcare AR-VR distributors, Organizations, Government bodies are the target audience in the healthcare AR VR market.
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