Augmented and Virtual Reality in Healthcare Market Size, Trends, and Insights By Component (Hardware, Software, Services), By Technology (Augmented reality, Virtual reality), By Application (Surgery, Therapy, Education and training, Rehabilitation, Pain Management, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Eon RealityInc
- Layar
- Bioflight VR
- WorldViz
- Others
Reports Description
According to Custom Market Insights (CMI), 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.
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.
The adoption of virtual reality and augmented reality platforms has increased as they have been beneficial in providing a good user experience. The number of investments made in the healthcare sector has grown after the outbreak of the COVID-19 pandemic, and the silk proved to be instrumental in the market’s growth in the coming years.
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 demand for augmented and virtual reality techniques is expected to grow in the coming years to diagnose diseases and perform surgeries of the invasive type. Virtual reality is used as it provides visuals of the Physiology and the anatomy of the patient, which is extremely beneficial for various surgeries. This is expected to provide a good amount of market growth opportunities in the coming years. The demand for augmented and virtual reality platforms in the operating room has grown in recent years as it is extremely beneficial for surgeons. In surgeries, augmented reality and virtual reality are extremely beneficial as they enhance efficiency and optimize procedures.
These are some factors that will help the market’s growth in the coming years. Augmented reality and virtual reality have also increased for the treatment of various diseases, due to which the market is expected to grow well during the forecast period. Many learning models based on augmented reality are offered in the healthcare sector. These models enhance the learning experience of healthcare professionals and provide better knowledge.
Regarding the utilization of augmented reality for patients, this platform provides information regarding the treatment flow, and the visuals are easy to understand. The simulation offers a great understanding of the disease and its treatment. When it comes to performing complex surgeries, the demand for augmented reality has increased to a great extent as it has enhanced the level of precision and accuracy in such surgeries.
Virtual and augmented reality platforms in healthcare can also be used for providing plans, delivery of treatments, and the schedules of treatments which will play an important role in adopting this Technology. Digitalization in the healthcare sector will also be beneficial for market growth. Favorable reimbursement policies provided by various nations across the globe will lead to increased use of augmented reality and virtual reality in the surgeries and treatments of various diseases.
Virtual reality and augmented reality in the healthcare market segment are based on the Component the basic of components used in the hardware segment and are expected to dominate the market in the coming years. This segment has dominated the market in the past with a share of about 67.6% in revenue. It will continue to grow in the coming years period the demand for smart glasses, head-mounted displays, and 3D sensors will have a major share of the market. For simulation and training purposes, smart glasses are used on a large scale.
There are many other applications of smart glasses and head-mounted displays or the devices like that in diagnostics and surgeries. The adoption of augmented and virtual reality hardware has increased on a large scale in various nations across the globe due to the commercialization of the product. In many applications, single hardware is used, expected to drive market growth in the coming years.
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.
- Virtual reality and augmented reality in the healthcare market segment based on Application
Based on Application, augmented reality and virtual reality technologies are used in different healthcare fields. It helps perform the most complex surgeries and even minimally invasive surgeries. The advancements in Technology and the growing demand for simplifying medical surgeries will create more demand for augmented reality in the healthcare sector.
The domestic and market players in augmented reality technology have entered into a partnership to increase their customer base and provide innovative products in the market. The use of these technologies has enhanced the efficiency of the healthcare sector. The competition is expected to grow in the coming years, due to which the prices of these platforms will reduce.
Due to the increased use of augmented reality and virtual reality inoperative procedures and visualization of anatomy, the market is expected to grow well in the coming years. Virtual reality platforms will provide many growth opportunities in the healthcare sector. Virtual reality can be used to treat phobia, robotic surgeries, training, surgery simulation, etc. constant innovations are expected to boost the market for virtual reality in the healthcare sector.
- Virtual reality and augmented reality in the healthcare market segment based on Technology
Based on the Technology used, which could either be augmented reality or virtual reality, the augmented reality segment is expected to grow well in the coming years period the segment has dominated the market in the past with the largest market share in terms of revenue which was about 49.8%.
This segment will continue to grow well in the coming years. Due to the head-mounted devices and the increased use of smart glasses that help provide a 3D image or view of various things in the environment, this segment is expected to grow well in the coming years. The demand for augmented reality has increased in recent years to have better treatments for various diseases.
Period technological advancements have also played an instrumental role in the market’s growth. The investments that come from public organizations and the market players will help in the market’s growth in the coming years. These devices are offered at better rates, and the market is expected to grow well in the coming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2022 | USD 3.5 Billion |
| Projected Market Size in 2030 | USD 11.2 Billion |
| CAGR Growth Rate | 28.12% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Eon Reality Inc, Layar, Bioflight VR, WorldViz, TheraSimInc, CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Mindmaze, and Others |
| Key Segment | By Component, Technology, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
The North American region is expected to have the highest demand for augmented and virtual reality in the healthcare sector. This segment has dominated the market in the past with a share of about 40% in terms of revenue, and it is expected to grow well in the coming years period some other major reasons that are helping in the growth of the market in the North American region or the constant research and development activities, investments made in this Technology and the initiatives taken by the government of various regions that are extremely favorable for the market.
Many funds are provided for the research purpose of providing these platforms for the healthcare sector. There has been an increase in the outsourcing of healthcare services to provide affordable treatments. Due to this, the demand for augmented and virtual reality is expected to grow in the coming year.
The Asia Pacific region will also grow well due to this Technology’s adoption in the coming years. As the population in this region is growing awareness of the benefits associated with the use of augmented reality and virtual reality, the market is expected to grow well in the coming years.
Key Players
- Eon RealityInc
- Layar
- Bioflight VR
- WorldViz
- TheraSimInc
- CAE
- GE Healthcare
- Koninklijke Philips N.V.
- Intuitive Surgical
- Siemens Ltd
- Mindmaze
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.
Segments covered in the report
By Component
- Hardware
- Software
- Services
By Technology
- Augmented reality
- Virtual reality
By Application
- Surgery
- Therapy
- Education and training
- Rehabilitation
- Pain management
- Others
On the basis of geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Augmented and Virtual Reality in Healthcare Market, (2022 – 2030) (USD Billion)
- 2.2 Global Augmented and Virtual Reality in Healthcare Market : snapshot
- Chapter 3. Global Augmented and Virtual Reality in Healthcare Market – Industry Analysis
- 3.1 Augmented and Virtual Reality in Healthcare Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Digitalization
- 3.2.2 Constant Research And Development Activities Have Provided Advancements In Technology
- 3.2.3 The Demand For Augmented And Virtual Reality Techniques
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces 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 Application
- Chapter 4. Global Augmented and Virtual Reality in Healthcare Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Augmented and Virtual Reality in Healthcare Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Augmented and Virtual Reality in Healthcare Market – Component Analysis
- 5.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Component
- 5.1.1 Global Augmented and Virtual Reality in Healthcare Market share, By Component, 2021 and 2030
- 5.2 Hardware
- 5.2.1 Global Augmented and Virtual Reality in Healthcare Market by Hardware, 2022 – 2030 (USD Billion)
- 5.3 Software
- 5.3.1 Global Augmented and Virtual Reality in Healthcare Market by Software, 2022 – 2030 (USD Billion)
- 5.4 Services
- 5.4.1 Global Augmented and Virtual Reality in Healthcare Market by Services, 2022 – 2030 (USD Billion)
- 5.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Component
- Chapter 6. Global Augmented and Virtual Reality in Healthcare Market – Technology Analysis
- 6.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Technology
- 6.1.1 Global Augmented and Virtual Reality in Healthcare Market share, By Technology, 2021 and 2030
- 6.2 Augmented reality
- 6.2.1 Global Augmented and Virtual Reality in Healthcare Market by Augmented reality, 2022 – 2030 (USD Billion)
- 6.3 Virtual reality
- 6.3.1 Global Augmented and Virtual Reality in Healthcare Market by Virtual reality, 2022 – 2030 (USD Billion)
- 6.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Technology
- Chapter 7. Global Augmented and Virtual Reality in Healthcare Market – Application Analysis
- 7.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Application
- 7.1.1 Global Augmented and Virtual Reality in Healthcare Market share, By Application, 2021 and 2030
- 7.2 Surgery
- 7.2.1 Global Augmented and Virtual Reality in Healthcare Market by Surgery, 2022 – 2030 (USD Billion)
- 7.3 Therapy
- 7.3.1 Global Augmented and Virtual Reality in Healthcare Market by Therapy, 2022 – 2030 (USD Billion)
- 7.4 Education and training
- 7.4.1 Global Augmented and Virtual Reality in Healthcare Market by Education and training, 2022 – 2030 (USD Billion)
- 7.5 Rehabilitation
- 7.5.1 Global Augmented and Virtual Reality in Healthcare Market by Rehabilitation, 2022 – 2030 (USD Billion)
- 7.6 Pain Management
- 7.6.1 Global Augmented and Virtual Reality in Healthcare Market by Pain Management, 2022 – 2030 (USD Billion)
- 7.1 Global Augmented and Virtual Reality in Healthcare Market overview: By Application
- Chapter 8. Augmented and Virtual Reality in Healthcare Market – Regional Analysis
- 8.1 Global Augmented and Virtual Reality in Healthcare Market Regional Overview
- 8.2 Global Augmented and Virtual Reality in Healthcare Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Augmented and Virtual Reality in Healthcare Market, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.4 North America Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030
- 8.4.1 North America Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030 (USD Billion)
- 8.5 North America Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030
- 8.5.1 North America Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030 (USD Billion)
- 8.6 North America Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030
- 8.6.1 North America Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Augmented and Virtual Reality in Healthcare Market, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.8 Europe Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030
- 8.8.1 Europe Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030 (USD Billion)
- 8.9 Europe Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030
- 8.9.1 Europe Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030 (USD Billion)
- 8.10 Europe Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030
- 8.10.1 Europe Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030
- 8.12.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030
- 8.13.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Augmented and Virtual Reality in Healthcare Market, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.16 Latin America Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030
- 8.16.1 Latin America Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030 (USD Billion)
- 8.17 Latin America Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030
- 8.17.1 Latin America Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030 (USD Billion)
- 8.18 Latin America Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030
- 8.18.1 Latin America Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030
- 8.20.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Component, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030
- 8.21.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Technology, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Augmented and Virtual Reality in Healthcare Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Eon Reality Inc
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Layar
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Bioflight VR
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Worldviz
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Therasiminc
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 CAE
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 GE Healthcare
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Koninklijke Philips N.V.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Intuitive Surgical
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Siemens Ltd
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Mindmaze
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.1 Eon Reality Inc
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Players
- Eon RealityInc
- Layar
- Bioflight VR
- WorldViz
- TheraSimInc
- CAE
- GE Healthcare
- Koninklijke Philips N.V.
- Intuitive Surgical
- Siemens Ltd
- Mindmaze
- Others
FAQs
“North American” region will lead the global Healthcare Augmented and Virtual Reality market during the forecast period 2022 to 2030.
The key factors driving the market are Digitalization, Constant Research And Development Activities that Have Provided Advancements In Technology, and The Demand For Augmented And Virtual Reality Techniques.
The key players operating in the Healthcare Augmented and Virtual Reality market are Eon Reality Inc, Layar, Bioflight VR, WorldViz, TheraSimInc, CAE, GE Healthcare, Koninklijke Philips N.V., Intuitive Surgical, Siemens Ltd, Mindmaze.
The global Healthcare Augmented and Virtual Reality market is expanding growth with a CAGR of approximately 28.12% during the forecast period (2022 to 2030).
The global Healthcare Augmented and Virtual Reality market size was valued at USD 3.5 Billion in 2021 and it is projected to reach around USD 11.2 Billion by 2030.