Global Augmented and Virtual Reality in Healthcare Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Augmented and Virtual Reality in Healthcare Market Size was valued at USD 2.1 Billion in 2021, and is expected to reach USD 3.5 billion in 2022 and is estimated to reach USD 11.2 billion by the end of 2030 at a CAGR of approximately 28.12% during the forecast period 2022-2030.

The use of augmented reality and virtual reality in the healthcare segment will prove to be extremely beneficial. This has provided the best solutions for education in the healthcare sector. It also helps in the visualization of the veins order surgeries. With the help of augmented and virtual reality, patients can be relaxed to a great extent. Augmented and virtual reality in healthcare has helped increase patients' recovery speed.

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The Augmented and Virtual Reality in Healthcare Market: Overview

Google Glass uses augmented reality to enhance the environment of the real world. But when it comes to virtual reality, this happens to be an immersive process. We can take the example of the VR glass, which provides complete coverage to the eyes, and the experience is immersive.

Augmented and virtual reality in the healthcare sector can describe patients' symptoms. The growth of the market will only be hampered due to technical limitations. Specifications of some computers, all the resolution of these computers may hamper the market's growth.

During the outbreak of the COVID-19 pandemic, there has been an increase in the demand for augmented reality and virtual reality applications in the healthcare sector.

The outbreak of the COVID-19 pandemic has proven to be a boon for the market's growth. Research and development activities carried on during this time have provided advances in Technology and provided better software and hardware with reduced costs.

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The Augmented and Virtual Reality in Healthcare Market: Growth Factors

Digitalization is expected to play an instrumental role in the growth of the market in the coming years period constant research and development activities have provided advancements in Technology that will help in the growth of the market in the coming years period many initiatives taken by the government of various nations across the globe have been favorable in the introduction of innovative ways that will help and benefit the healthcare sector which a great extent.

Much expenditure is made on the healthcare segment to improvise the infrastructure, and Technology has used the demand for augmented reality, and virtual reality is expected to grow in the coming years. Augmented reality and virtual reality are used on a large scale for training medical professionals, and it is also used in some surgical procedures. Augmented reality and virtual reality are also used to provide health care education, rehabilitation, surgeries, training, and diagnosis of various diseases.

The software segment is also expected to grow well due to constant research and development techniques that have provided technological advancements. Recent applications that are designed are applicable in detecting defects in the eye. Other virtual reality platforms help reduce the patient's anxiety when surgeries are performed. All of these factors will drive market growth in the coming years

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The Augmented and Virtual Reality in Healthcare Market: Recent Development

• For developing the medical and surgical devices that are virtual reality-based, and to provide training modules for the medical devices funds of about 14 million U.S. dollars were raised by OssoVR in the year 2020.
• To introduce smart glass in telemedicine Vuzix entered into a partnership with VSee in the year 2019.
• For treating different types of mental disorders, as many as 70 scenes in virtual reality are offered by Psious's Toolkit, which has videos in a 360-degree format.

The Augmented and Virtual Reality in Healthcare Market: Key Players

Eon RealityInc
Layar
Bioflight VR
WorldViz
TheraSimInc
CAE
GE Healthcare
Koninklijke Philips N.V.
Intuitive Surgical
Siemens Ltd
Mindmaze

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The Augmented and Virtual Reality in Healthcare Market: Segments

By Component

Hardware
Software
Services

By Technology

Augmented reality
Virtual reality

By Application

Surgery
Therapy
Education and training
Rehabilitation
Pain management
Others

The Augmented and Virtual Reality in Healthcare Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This release was published on openPR.