Global Augmented Reality & Virtual Reality in Healthcare Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032
The global demand for Augmented Reality & Virtual Reality in Healthcare Market is presumed to reach the market size of nearly USD 18.02 Billion by 2032 from USD 3.67 Billion in 2023 with a CAGR of 19.33% under the study period 2024-2032.
Virtual Reality (VR) in Healthcare immerses users in simulated training, therapy, and treatment environments. Medical professionals practice surgeries risk-free, improving skills. VR therapy manages chronic pain, anxiety, and PTSD by providing therapeutic environments. Rehabilitation programs use VR to simulate real-world activities, aiding the recovery of motor functions and cognitive skills.
MARKET DYNAMICS
The market for augmented reality & virtual reality in healthcare is driven by transformative technological innovations that enhance medical training, patient care, and surgical outcomes. AR and VR technologies offer immersive simulation environments that allow healthcare professionals to practice complex procedures risk-free, improving their skills and confidence. These technologies are increasingly adopted for surgical planning and navigation, allowing surgeons to visualize patient anatomy in real-time during operations, enhancing precision and reducing surgical risks. Patient education and therapy are also revolutionized with AR and VR applications that simulate medical conditions and treatments, improving patient understanding and compliance. Regulatory approvals and standards supporting the integration of AR and VR into medical practice further accelerate market growth, ensuring safety and efficacy in clinical settings.
Additionally, partnerships between technology developers and healthcare providers drive innovation in AR and VR applications tailored to specific medical specialties, expanding market opportunities. Growing investments in digital health infrastructure and telemedicine solutions bolster the adoption of augmented reality & virtual reality in healthcare, facilitating remote consultations and collaborative healthcare delivery models. As healthcare institutions prioritize patient outcomes and operational efficiency, AR and VR in healthcare continue to evolve as essential tools for advancing medical education, treatment efficacy, and patient engagement. However, the high cost of AR and VR technology and resistance to change in traditional healthcare settings may challenge the growth of augmented reality & virtual reality in healthcare market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Augmented Reality & Virtual Reality in Healthcare. The growth and trends of Augmented Reality & Virtual Reality in Healthcare industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Augmented Reality & Virtual Reality in Healthcare market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
Hardware
Software
Services
By Technology
Augmented Reality (Surgical Application, Rehabilitation, Training & Medical Education)
This section covers the regional outlook, which accentuates current and future demand for the Augmented Reality & Virtual Reality in Healthcare market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Augmented Reality & Virtual Reality in Healthcare market include CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Eon Reality Inc, Layar, Bioflight VR, WorldViz, TheraSim Inc, Mindmaze. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3. AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE - INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Component
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE MARKET ANALYSIS BY COMPONENT
5.1. Overview By Component
5.2. Historical and Forecast Data Analysis By Component
5.3. Hardware Historic and Forecast Sales By Regions
5.4. Software Historic and Forecast Sales By Regions
5.5. Services Historic and Forecast Sales By Regions
6. GLOBAL AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE MARKET ANALYSIS BY TECHNOLOGY
6.1. Overview By Technology
6.2. Historical and Forecast Data Analysis By Technology
6.3. Augmented Reality (Surgical Application, Rehabilitation, Training & Medical Education) Historic and Forecast Sales By Regions
6.4. Virtual Reality (Simulation, Diagnostics, Virtual Reality Exposure Therapy (VRET), Rehabilitation, Pain Distraction) Historic and Forecast Sales By Regions
7. GLOBAL AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
7.3.1 Overview, Historic and Forecast Data Sales Analysis
7.3.2 North America By Segment Sales Analysis
7.3.3 North America By Country Sales Analysis
7.3.4 United States Sales Analysis
7.3.5 Canada Sales Analysis
7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
7.4.1 Overview, Historic and Forecast Data Sales Analysis
7.4.2 Europe By Segment Sales Analysis
7.4.3 Europe By Country Sales Analysis
7.4.4 United Kingdom Sales Analysis
7.4.5 France Sales Analysis
7.4.6 Germany Sales Analysis
7.4.7 Italy Sales Analysis
7.4.8 Russia Sales Analysis
7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
7.5.1 Overview, Historic and Forecast Data Sales Analysis
7.5.2 Asia Pacific By Segment Sales Analysis
7.5.3 Asia Pacific By Country Sales Analysis
7.5.4 China Sales Analysis
7.5.5 India Sales Analysis
7.5.6 Japan Sales Analysis
7.5.7 South Korea Sales Analysis
7.5.8 Australia Sales Analysis
7.5.9 South East Asia Sales Analysis
7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
7.6.1 Overview, Historic and Forecast Data Sales Analysis
7.6.2 Latin America By Segment Sales Analysis
7.6.3 Latin America By Country Sales Analysis
7.6.4 Brazil Sales Analysis
7.6.5 Argentina Sales Analysis
7.6.6 Peru Sales Analysis
7.6.7 Chile Sales Analysis
7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
7.7.1 Overview, Historic and Forecast Data Sales Analysis
7.7.2 Middle East & Africa By Segment Sales Analysis
7.7.3 Middle East & Africa By Country Sales Analysis
7.7.4 Saudi Arabia Sales Analysis
7.7.5 UAE Sales Analysis
7.7.6 Israel Sales Analysis
7.7.7 South Africa Sales Analysis
7.7.8 Rest Of Middle East And Africa Sales Analysis
8. COMPETITIVE LANDSCAPE OF THE AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE COMPANIES
8.1. Augmented Reality & Virtual Reality in Healthcare Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments
9. COMPANY PROFILES OF AUGMENTED REALITY & VIRTUAL REALITY IN HEALTHCARE INDUSTRY
9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. CAE
9.3.1 Company Overview
9.3.2 Company Revenue
9.3.3 Products
9.3.4 Recent Developments
9.4. GE Healthcare
9.4.1 Company Overview
9.4.2 Company Revenue
9.4.3 Products
9.4.4 Recent Developments
9.5. Koninklijke Philips N.V.
9.5.1 Company Overview
9.5.2 Company Revenue
9.5.3 Products
9.5.4 Recent Developments
9.6. Intuitive Surgical
9.6.1 Company Overview
9.6.2 Company Revenue
9.6.3 Products
9.6.4 Recent Developments
9.7. Siemens Ltd
9.7.1 Company Overview
9.7.2 Company Revenue
9.7.3 Products
9.7.4 Recent Developments
9.8. Eon Reality Inc
9.8.1 Company Overview
9.8.2 Company Revenue
9.8.3 Products
9.8.4 Recent Developments
9.9. Layar
9.9.1 Company Overview
9.9.2 Company Revenue
9.9.3 Products
9.9.4 Recent Developments
9.10. Bioflight VR
9.10.1 Company Overview
9.10.2 Company Revenue
9.10.3 Products
9.10.4 Recent Developments
9.11. WorldViz
9.11.1 Company Overview
9.11.2 Company Revenue
9.11.3 Products
9.11.4 Recent Developments
9.12. TheraSim Inc
9.12.1 Company Overview
9.12.2 Company Revenue
9.12.3 Products
9.12.4 Recent Developments
9.13. Mindmaze
9.13.1 Company Overview
9.13.2 Company Revenue
9.13.3 Products
9.13.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies