Global Augmented Reality and Virtual Reality in Healthcare Market Is Expected to grow at a CAGR of +25% by 2026 as Per the Global Market Research Study Done By the Analysts at Healthcare Intelligence Markets
The advanced developments made in the field of Augmented Reality and Virtual Reality has empowered healthcare providers to virtually scrub into any remote clinical setting, in real-time and delivering engaging training experience. These technologies have changed the way healthcare providers are delivering patient care and professional training. They have solidified the primacy of hospitals due to their enhanced efficacy by delivering sophisticated diagnostic technologies like MRI and PET.
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The Global Augmented Reality and Virtual Reality in Healthcare Market is driven by growing disposable income of people across both developed countries and emerging countries. The increasing prevalence of chronic diseases among people in remotely located places is driving the need augmented reality and virtual reality in healthcare market.
The global augmented reality and virtual reality market has been segmented based on the application into patient care management, medical training & education, pharmacy management, and surgery. The research report provides an extensive analysis of the present day trends, major pitfalls and futuristic opportunities. The North American region has demonstrated to generate the highest market share and is anticipated to be the fastest growing in terms of future prospects.
The competitive landscape of the global market has demonstrated the presence of major players such as Vuzix Corporation, Qualcomm Incorporated, Artoolworks Inc, Augmented Pixels Co., Kooaba Ag, and Layar B. V. amongst others. Qualcomm Incorporated has launched the new concept of Extended Reality (XR) that offers a wide range of revolutionary and real-time experiences, which is transforming the consumer experiences and industry verticals of the healthcare market.
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AR applications such as wearables, have shown tremendous potential in delivering self-monitoring and diagnostics across patients. For instance, smart contact lenses give potential cues to diabetic patients about their fluctuating sugar levels and helps them remind of their medicines with the control of AR and VR. Such developments of sophisticated solutions is driving the demand for augmented reality and virtual reality in healthcare market. The lack of awareness regarding the availability of these interfaces and stringent regulatory trials are the factors responsible for hampering the market’s growth. The developers are striving to bring in more advanced technologies so as to reduce the complexity associated with the healthcare infrastructure and is estimated to deploy better opportunities for entrants entering the market.
Augmented Reality and Virtual Reality in Healthcare Market – by Offering
Augmented Reality and Virtual Reality in Healthcare Market – by Application
• Patient Care Management
• Medical Training & Education
• Pharmacy Management
Augmented Reality and Virtual Reality in Healthcare Market – by Region
• North America
• Rest of North America
• The UK
• Rest of Europe
• Asia Pacific
• Southeast Asia
• Rest of Asia Pacific
• Middle East and Africa
• GCC Countries
• Southern Africa
• Rest of Middle East and Africa
• Latin America
• Rest of Latin America
The report provides both, qualitative and quantitative research of the market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product type, application and specification, pricing, and gross margin.