AR-VR in Healthcare Market Outlook 2027 By Device Type, Size, Share, Software, Technology

According to TechSci Research, Global AR-VR in the healthcare market stood at USD2748.05 million in 2021 and is forecast to grow at a CAGR of 22.50% by 2027. With changing times, surgeons worldwide have been increasingly adopting AR-VR to have a virtual yet artificial walkthrough of the organs they are about to operate on, therefore preparing them for the surgeries and consequent complications, boosting the Global AR-VR in Healthcare Market.

AR (Augmented reality) is an improved form of the real world that is attained using sounds, digital visual elements, or other sensory stimuli delivered via technology. Virtual Reality (VR) helps to create virtual environments and engage the viewer using computers and sensory devices like gloves and headsets. Augmented and virtual reality in medicine can affect the effectiveness of the medical services themselves and drastically improve their overall efficiency. Virtual reality in healthcare improves patients' experience, provides psychological relief and treatment, data visualization, and body mapping. AR-VR aims to improve the overall patient experience in the healthcare industry and enhance medical training and prepare for pre-surgery activities.

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Increased Adoption in Healthcare Training

In the healthcare industry, virtual and augmented devices are increasingly growing. They provide high quality support to doctors and medical professionals in patient care and are used to educate patients about their treatment process. Additionally, when performing the physical treatment, VR assists patients with overcoming high pain levels and ensuring a speedy recovery. When a person is in terrible condition and attempts to find the solution and overcome the crisis, it is known as post-traumatic stress treatment, such as treatment for depression, phobias, and anxiety. Patients can use virtual reality to relax and meditate in a safe condition. Virtual reality is further used in pain management, physical therapy, medical training and assisting people with low vision. Moreover, with the increasing synergistic interaction with technology, medical staff are trained and educated using augmented reality (AR). AR-based modules provide medical professionals with a holistic learning experience by allowing them to visualize and simulate anatomical structures. Hence, medical training with this technology opens new opportunities for the global AR-VR in the healthcare market.

Transforming User Experience

Although the healthcare industry has been participating in new digital solutions, companies have begun turning to AR and VR to connect with people in a world where face-to-face interactions are impossible. Augmented reality and virtual reality can lead to better customer experiences in retail, and opportunities for virtual events, and it may also be essential in the healthcare industry. With a virtual reality headset, a patient can interact with a care provider in a space that mimics a standard doctor’s office. With the help of augmented reality, patients can get advice on how to use medicines or take swabs for tests with 3D guidance. Moreover, with the introduction of technology for virtual training of surgeons to intricate procedures, phobia buster in mental health treatment, 3D operating room simulations, and chronic pain management, the utilization of AR and VR in the healthcare industry has evolved.

Increasing Practical Application

The healthcare sector is witnessing an increasing deployment of AR/VR in practical applications. Medical imaging is an example of an augmented reality application that is currently in use. In specific medical procedures, there needs to be some testing of the well-being of the internal organs to carry out further treatment. Augmented reality can be a source of taking medical imaging to a different level altogether. Specialized devices can be used in conjunction with the Internet of Things (IOT) based software and sensors to get various data and carry out the related diagnosis on the patients, with the graphics being seen and displayed in real-time in a detailed way to the doctors. Moreover, AccuVein, currently being used in hospitals, can project a map of the patient's veins, making it easier for doctors to detect the vein on the first try. Thus, driving the global AR-VR in the healthcare market.

Market Segmentation

Global AR-VR in healthcare market can be segmented into component, device type, application, end use, and region. Based on component, the market is segmented into hardware and software. Based on hardware, the market is segmented into sensors, processors & ICs, display and projector, position tracker, cameras, and others. Based on sensors, the market is further divided into accelerometer, proximity sensors, others. Based on software, the market is segmented into software development kits, cloud-based services. based on device type, the market is segmented into AR devices and VR devices. Based on AR device type, the market is segmented into head mounted display and handheld devices. Based on VR device type, the market is segmented into head mounted display, gesture tracking devices, projectors & display walls. Based on application, the market is segmented into patient care management, medical training, surgery planning, pharmacy management and others. Based on end use, the market is segmented into hospitals & clinics, clinical research centers, pharmaceuticals, diagnostic labs. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, South America. In terms of country, the United States AR-VR in healthcare market is forecast to grow at a faster rate and is expected to reach USD2093.97million until 2027.

Company Profiles

Medical Realities Ltd., Koninklijke Philips N.V., Alphabet Inc., Firsthand Technology Inc., Augmedics Ltd., 3D Systems Corporation, HTC Corporation, Samsung Electronics Co., Ltd., Microsoft Corporation, HP Inc., Carl Zeiss Meditec AG, MindMaze, Inc., Siemens Healthineers AG, Osso VR, Inc., EchoPixel, Inc. are among the major market players that lead the market growth of the Global AR-VR in Healthcare Market.

Attribute	Details
Market Size Value in 2021	USD2748.05 million
Revenue Forecast in 2027	USD9796.29 million
Growth Rate	22.50%
Base Year	2021
Historical Years	2017–2021
Estimated Year	2022
Forecast Period	2023–2027
Quantitative Units	Revenue in (USD million) and CAGR for 2017-2021 and 2022-2027
Report Coverage	·         Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	·         Component o   Hardware §  Sensors v  Accelerometer v   Proximity Sensors v   Others §  Processors & ICs §  Display and Projector §  Position Tracker §  Camera §  Others o   Software §  Software Development Kits §  Cloud-Based Services ·         Device Type o   AR Devices §  Head Mounted Display §  Handheld Devices o   VR Devices §  Head Mounted Display §  Gesture Tracking Devices §  Projectors & Display Walls ·         By Application ·         By End Use ·         By Region
Regional Scope	North America, Europe, Asia-Pacific, Middle East and Africa, South America.
Key Companies Profiled	Medical Realities Ltd., Koninklijke Philips N.V., Alphabet Inc., Firsthand Technology Inc., Augmedics Ltd., 3D Systems Corporation, HTC Corporation, Samsung Electronics Co., Ltd., Microsoft Corporation, HP Inc., Carl Zeiss Meditec AG, MindMaze, Inc., Siemens Healthineers AG, Osso VR, Inc., EchoPixel, Inc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Global AR-VR in healthcare market has been segmented into the following categories in addition to the industry trends which have also been listed below:

• Global AR-VR in Healthcare Market, By Component:
• Hardware
• Sensors

v  Accelerometer

v  Proximity Sensors

v  Others

• Processors & ICs
• Display and Projector
• Position Tracker
• Camera
• Others
• Software
• Software Development Kits
• Cloud-Based Services

·         Global AR-VR in Healthcare Market, By Device Type:

o   AR Devices

§  Head Mounted Display

§  Handheld Devices

• VR Devices
• Head Mounted Display
• Gesture Tracking Devices
• Projectors & Display Walls
• Global AR-VR in Healthcare Market, By Application:
• Patient Care Management
• Medical Training
• Surgery Planning
• Pharmacy Management
• Others

·         Global AR-VR in Healthcare Market, By End Use:

o   Hospitals & Clinics

o   Clinical Research Centers

o   Pharmaceuticals

o   Diagnostic Labs

·         Global AR-VR in Healthcare Market, By Region:

o    North America

o    Europe

o    Asia-Pacific

o    Middle East and Africa

o    South America

Competitive Landscape

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