Augmented reality and virtual reality in the healthcare market

NEW YORK, JUNE 18, 2021 (GLOBE NEWSWIRE) – announces the release of the report “Augmented Reality and Virtual Reality in the Healthcare Market Size, Share and Trend Analysis by Components, by Technology, by region and segment forecasts, 2021 – 2028 “-

Augmented reality and virtual reality in the growth and trends of the healthcare market

Global augmented reality and virtual reality the size of the healthcare market are expected to reach $ 9.5 billion in 2028. The market will expand at a CAGR of 27.2% from 2021 to 2028. Increased advances and Digital disruptions to the healthcare system, increased health spending and the growing need for efficient and innovative solutions to improve clinical and operational outcomes contribute to market growth. Augmented reality (AR) and virtual reality (VR) technologies are witnessing widespread adoption in surgical departments, simulation labs, education and training, and chronic pain management.

The growing number of complex surgeries is driving the demand for VR-based models to help the surgeon. AR-based applications are used in a variety of spaces, such as training and education modules and patient care management tools.

Innovators receive recognition in the form of increased investments by venture capitalists and opportunities for collaboration by established actors. For example, in September 2020, OssoVR increased funding by $ 14.0 million and planned to use the funding to develop training modules for virtual reality-based medical and surgical devices.

The hardware components segment experienced the highest adoption due to the increased adoption of RA and VR in different health fields. These devices range from desktops to portable devices to display devices.

Due to its audiovisual importance, AR and VR are being widely adopted in education, simulation, telemedicine and data visualization. The increase in product development in this space contributes to market growth.

For example, in February 2019, Philips Healthcare launched a mixed reality solution in collaboration with Azurion and Microsoft, although the services segment is expected to present a significant CAGR during the forecast period due to the growing need to create an immersive customer experience.

Growing adoption in clinical trials, psychological treatment, advanced diagnoses, surgeries and body mapping is expected to foster market growth.

In addition, RA technology solutions are widely used in surgical procedures, fitness management, education and training, patient care management, medical imaging and are expected to be implemented in many more functionalities. and improved customer experience.

The increasing prevalence of diseases and surgeries, along with advances in healthcare and IT infrastructure, are some of the driving forces.

On the other hand, virtual reality technology is expected to be the fastest growing region during the forecast period due to the rapid integration of technology into health services. VR technology solutions are widely used in telemedicine, anatomy visualization and diagnosis.

In addition, it provides hands-on experience in medical education that is expected to contribute to market growth.

Highlights of the report on augmented reality and virtual reality in healthcare
• The market is expected to grow well over the period due to the rapid transformation and digitization of the healthcare space
• The hardware components segment dominated global augmented reality and virtual reality in the healthcare market in 2020, due to increased use in training, simulation, surgeries and diagnostics.
• The augmented reality technology segment dominated the market in 2020 due to the growing adoption of hospital care management, training and education and medical image.
• North America dominated the market in 2020 due to sophisticated healthcare infrastructure and widespread awareness of the benefits of RA and virtual reality in health
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