Healthcare Augmented & Virtual Reality Market: Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 12/07/2018 -- Global Healthcare Augmented & Virtual Reality Market: Overview
The world is slowly moving from mobile to wearable equipment as a result of disruptive technologies like Virtual Reality (VR) and Augmented Reality (AR) that have been cutting across various industries retail to manufacturing to healthcare. With applications and products such as Pokémon GO and Google Glass, many across the globe are aware of these buzzwords Virtual and Augmented reality. These technologies seemingly have the potential to change the healthcare sector in day-today medical practice.
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Global Healthcare Augmented & Virtual Reality Market: Growth Factors
Massive acceptance of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of healthcare augmented & virtual reality market.
Growing application of augmented reality & virtual reality in surgical simulations, patient care management, diagnostic imaging, health management, and rehabilitation is anticipated to drive the growth of healthcare augmented & virtual reality market in the coming years. In addition, massive government investments and favorable initiatives are likely to promote the growth of the market in the years ahead. Apart from this, application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries requiring precision will further boost healthcare augmented & virtual reality market trends in the near future.
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Global Healthcare Augmented & Virtual Reality Market: Segmentation
The global healthcare augmented & virtual reality market can be divided based on component type and technology type. Based on the component, the healthcare augmented & virtual reality market is sectored into hardware, software, and services. On the basis of technology, the market is divided into augmented reality and virtual reality. Augmented reality is further segmented into surgical application, training & medical education, and rehabilitation. Virtual reality is further sectored into simulation, virtual reality exposure therapy, and diagnostics. pain distraction, and rehabilitation.
Global Healthcare Augmented & Virtual Reality Market: Regional Analysis
Based on regions, the global healthcare augmented & virtual reality market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to dominate the global healthcare augmented & virtual reality market in the years ahead, owing to massive acceptance of modern technology and advanced infrastructure facility. The use of new disruptive technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management in the region is anticipated to support the growth of the regional market. Asia Pacific healthcare augmented & virtual reality market is anticipated to witness a massive surge over the next few years with the presence of renowned players in the countries such as Japan and China.
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Middle East and Africa and Latin America have the huge untapped growth potential and are likely to be lucrative business destinations for the market players over the coming decade.
Global Healthcare Augmented & Virtual Reality Market: Competitive Players
The key market players of the global healthcare augmented & virtual reality market include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare.