AR & VR in Healthcare Market Research Report: By Technology (AR and VR technology), Offering (Hardware & Software), Device Type (AR & VR Device Type), Application (Fitness, Patient Care, Pharmacy Management & Others), End User – Global Forecast Till 2027
AR & VR in Healthcare Market Highlights
The AR & VR in healthcare market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.
Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market. For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.
Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.
However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.
Segmentation
The AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.
The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology. The AR technology segment is further classified as marker-based AR and markerless AR. The marker-based AR segment includes passive marker, and active marker. The markerless AR segment includes model-based tracking, and image processing-based tracking.
Based on offering, the market is segmented into hardware components and software. The hardware components segment is further classified as sensors, semiconductor component, displays and projectors, position tracker, cameras, and others. The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor. The semiconductor component segment includes controller/processor, and integrated circuits. The software segment is further classified as software development kits, and cloud-based services.
Based on device type, the market is segmented into AR device type, and VR device type. The AR device type segment is further classified as head-mounted display, and handheld device. The VR device type segment is further classified as head-mounted display, gesture-tracking device, and projectors and display walls. The gesture-tracking device segment includes data gloves, and others.
Based on application, the market is segmented into fitness management, patient care management, surgery, pharmacy management, medical training and education, and others.
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Regional Analysis
The Americas dominated the global market for AR & VR in healthcare owing to the rising demand to reduce healthcare cost and presence of major market players.
In 2017, it was estimated that Europe stood second in the AR & VR in healthcare market. This can be attributed to the rising funding for innovation and increasing technological advancements. For instance, the European Union’s Horizon 2020 programme is allocating nearly USD 91.51 billion of funding over seven years for research and innovation.
Asia Pacific was projected to be the fastest growing region in 2017. Increasing healthcare expenditure and high prevalence of chronic diseases drives the regional markets of the Asia Pacific region.
On the other hand, the Middle East and Africa held least share in the AR & VR in healthcare market due to the low per capita income and stringent government policies, especially within the African region.
Key Players
Some of the key players in the AR & VR in healthcare market are Atheer, Augmedix, Daqri, Firsthand Technology, Google, Medical Realities, Microsoft, Mindmaze, Oculus VR, Psious, EchoPixel, Inc., Osso VR Inc., SURGICAL THEATER, LLC, Orca Health, Inc., Hologic Inc., 3D Systems, Inc., and others.
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20th September, 2018 - As medical science advances, the need for medical experts, specialists, and practitioners have grown too.
Hence, medical simulation is a medical branch used to enhance and train medical practitioners and professionals.
Medical Simulation Device serves the purpose of educating professionals about specific surgeries, general surgeries and prescriptions.
Medical simulation enables surgeons to learn surgery without actual use of patients.
Hence, this reduces the surgery risks and enhances the operational skills of surgeons.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/healthcare-medical-simulation-market/request-sampleThe institute of medicine reveals that globally many people die due to medical errors during treatments.
The technologies used are haptic, virtual and reality technology.
Healthcare/medical simulation market is Rising focus on patient safety and growing awareness on stimulation education will likely to accelerate the growth of the healthcare/medical simulation market in the forecast period of 2020-2027.
On the other hand, shortages of healthcare personnel and rising awareness on simulation education in emerging countries will further boost various opportunities that will lead to the growth of the healthcare/medical simulation market in the above mentioned forecast period.The budgetary concerns involved in simulation is likely to hamper the growth of the healthcare/medical simulation market in the above mentioned forecast period.Healthcare/medical simulation market is expected to gain market growth in the forecast period of 2020 to 2027.
Data Bridge Market Research analyses the market to account to USD 5.18 billion by 2027 growing at a CAGR of 14.95% in the above-mentioned forecast period.
The advantages of simulation and growth in demand for minimally invasive treatments over traditional learning will help in driving the growth of the healthcare/medical simulation market.Get Download Exclusive Sample Report (350 Pages PDF+ All Related Graphs & Charts) of Healthcare/medical simulation market Report https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-healthcare-medical-simulation-marketMarket Drivers and Restraints:Healthcare/medical simulation market is segmented on the basis of product and end user.
The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.Based on product, the healthcare/medical simulation market is segmented into anatomical models, web-based simulation, medical simulation software and simulation training services.
The anatomical models segment is further segmented into patient simulators, task trainers, interventional/surgical simulators, endovascular simulators, ultrasound simulators, dental simulators and eye simulators.The major players covered in the Healthcare/Medical Simulation Market The major players covered in the healthcare/medical simulation market report are CAE Inc., 3-Dmed Learning Through Simulation, 3B Scientific, 3D Systems, Inc., AdamRouilly, Altay Scientific, CAE HEALTHCARE, Gaumard Scientific, IngMar Medical, KaVo Dental, Kyoto Kagaku Co., Ltd., Laerdal Medical, Mentice, Simendo, Simulab Corporation, Surgical Science, TruCorp, Yuan Technology Limited among other domestic and global players.
Healthcare/medical simulation market is Rising focus on patient safety and growing awareness on stimulation education will likely to accelerate the growth of the healthcare/medical simulation market in the forecast period of 2020-2027.
On the other hand, shortages of healthcare personnel and rising awareness on simulation education in emerging countries will further boost various opportunities that will lead to the growth of the healthcare/medical simulation market in the above mentioned forecast period.The budgetary concerns involved in simulation is likely to hamper the growth of the healthcare/medical simulation market in the above mentioned forecast period.Healthcare/medical simulation market is expected to gain market growth in the forecast period of 2020 to 2027.
Data Bridge Market Research analyses the market to account to USD 5.18 billion by 2027 growing at a CAGR of 14.95% in the above-mentioned forecast period.
The advantages of simulation and growth in demand for minimally invasive treatments over traditional learning will help in driving the growth of the healthcare/medical simulation market.Get Download Exclusive Sample Report (350 Pages PDF+ All Related Graphs & Charts) of Healthcare/medical simulation market Report https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-healthcare-medical-simulation-marketMarket Drivers and Restraints:Healthcare/medical simulation market is segmented on the basis of product and end user.
The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.Based on product, the healthcare/medical simulation market is segmented into anatomical models, web-based simulation, medical simulation software and simulation training services.
The anatomical models segment is further segmented into patient simulators, task trainers, interventional/surgical simulators, endovascular simulators, ultrasound simulators, dental simulators and eye simulators.The major players covered in the Healthcare/Medical Simulation Market The major players covered in the healthcare/medical simulation market report are CAE Inc., 3-Dmed Learning Through Simulation, 3B Scientific, 3D Systems, Inc., AdamRouilly, Altay Scientific, CAE HEALTHCARE, Gaumard Scientific, IngMar Medical, KaVo Dental, Kyoto Kagaku Co., Ltd., Laerdal Medical, Mentice, Simendo, Simulab Corporation, Surgical Science, TruCorp, Yuan Technology Limited among other domestic and global players.
