openPR Logo
Press release

Augmented Reality and Virtual Market is anticipated to hit $1.4 Billion by 2023 at a CAGR of 18.02%

02-27-2019 03:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: IndustryARC

Augmented Reality and Virtual Market is anticipated to hit $1.4

According to the new market research report by IndustryARC titled “Augmented Reality and Virtual Reality in Healthcare Market: By Type (Augmented & Virtual Reality); By End-User (Surgical & Rehabilitation, Training, 3D Operation Room Simulations, Simulations, Diagnostics, Virtual Reality Exposure Therapy) - By Geography – With Forecast (2018- 2023)”, the market is influenced by the large demands from emerging economies such as India and China, due to increasing investments in these countries.

Americas held the largest market share in Augmented and Virtual Reality Robotic Surgery Market

Americas held the largest market share in the Augmented Reality and Virtual Reality Robotic Surgery Market and is anticipated to reach $230.3 million by 2023 at a CAGR of 38.5%. However, the APAC region will witness the highest growth during the forecast period and is anticipated to reach $93.17 million at a CAGR of 43.9%. The demand for Augmented and Virtual Reality Market mainly derives from the higher cost of devices in the region, compared to Asian Countries. Favorable funding and easy access of products due to the presence of local companies are other factors responsible for the growth of this segment in this region. The key end-users in the region include Augmented Reality and Virtual Reality.

Selected Opportunities Analysis
Virtual Reality – Opportunity Analysis

• The market for virtual reality-based applications is extensive in terms of its application which includes sectors like gaming, healthcare and education and training.
• Virtual reality based products like full-scale immersive 3D as diagnostic tools for doctors and nurses during surgery, have high growth opportunities in the healthcare industry.
• Products like the Oculus Rift, popular amongst video gamers, brought in a twist with its application potential in the healthcare industry, thus indicating an opportunity for the growth of virtual reality-based product market.
Augmented Reality – Opportunity Analysis
• Due to fast technological developments in the augmented reality based products, the healthcare industry will be able to explore opportunities in the augmented reality-based product market. The growth opportunity for augmented reality in healthcare is in surgical applications, training, and continuous medical education and rehabilitation. In surgical applications, augmented reality can be used to perform surgeries like endoscopy and digestive surgery with the help of robots. Subjected to training and continuous medical development, augmented reality can be used to train the nurses. In rehabilitation, augmented reality can be used to treat trauma and phobia patients.
• The opportunity for smart glasses based on augmented reality is tremendous in the coming years.

Request for free Sample PDF Report: 
https://industryarc.com/Report/78/augmented-reality-and-virtual-reality.html

Excerpts on Market Growth Factors
• The global AR and VR in the healthcare market display ample potential for growth. It is propelled by increasing healthcare costs, technological advancements, increasing demand for minimally invasive treatments, rising focus on patient safety, and increasing consolidation of the manufacturers.
• The expansion and growth of the market depend upon the creation of new applications which will be able to meet the application perspective demand from the end user.
• Growing interest in improving and sustaining interaction and engagement across the healthcare sector using gaming technology also propels the market for serious games.
• Increase in stroke cases would lead to the growth of augmented reality rehabilitation market in the forecast period.
• The global simulated clinical environment market is poised to grow at a CAGR of 16.5% in the forecast period to reach $312.3 million by 2018.

Key players of Augmented and Virtual Reality Market:

• Key players in the medical simulation market have adopted various strategies to expand their global footprint and augment their market share. The key strategies employed by companies such as Laerdal Medical (Norway), Medical Simulation Corporation (U.S.), Simbionix USA Corporation (U.S.), Surgical Science Sweden AB (Sweden), CAE Healthcare, Inc. (Canada), HealthStream, Inc. (U.S.) and Education Management Solutions, Inc. (U.S.), are in the form of new product launches, agreements, partnerships, collaborations, contracts, joint ventures, expansion, and mergers and acquisitions.
• The key players involved in these strategies are Simbionix USA Corporation (U.S.), Surgical Science Sweden AB (Sweden), Laerdal Medical AS/SimVentures (Norway), Gaumard Scientific Company, Inc. (U.S.), CAE Healthcare, Inc. (Canada), and Mentice AB (Sweden).

Augmented and Virtual Reality Market Report is segmented as indicated below
• Augmented and Virtual Reality Market By Component:
1 Augmented and Virtual Reality Market By Hardware Component:
1.1. 3D Camera
1.2. Sensors
1.2.1 Accelerometer
1.2.2 Gyroscope
1.2.3 Magnetometer
1.2.4 Global Positioning Systems
1.2.5 Proximity Sensor
1.3. Semiconductor Component
1.3.1 Controller/ Processor
1.3.2 Integrated Circuits
1.4. Displays
2 Augmented and Virtual Reality Market By Software Component
2.1. Software Development Kits
2.2. Cloud-Based Services
• Augmented and Virtual Reality Market for Entertainment Industry, by Technology
1 Augmented Reality Technology
1.1 Marker Based Augmented Reality
1.1.1 Passive Marker
1.1.2 Active Marker
1.2 Markerless Augmented Reality
1.3 Model-Based Tracking
1.4 Image Processing-Based
2 Virtual Reality Technology
2.1 Non-Immersive Technology
2.2 Semi-Immersive & Fully-Immersive Technologies
• Augmented & Virtual Reality Market for Entertainment Industry, By Device
1 Augmented Reality Devices
1.1 Head-Mounted Displays
1.2 Head-Up Display (HUD)
1.3 Handheld Device
2 Virtual Reality Devices
2.1 Head-Mounted Displays (HMD)
2.2 Gesture Control Device
2.2.1 Data Gloves
2.2.2 Others
2.3 Projector & Display Wall
• Augmented and Virtual Reality Market for Entertainment Industry, By Application
1 Gaming
2 Sports & Entertainment
2.1. Museum
2.2. Theme Parks
2.3. Art Gallery & Exhibitions
2.4. Consumer Vertical Overall Review
3 Augmented and Virtual Reality Market– By Geography (Covers 15+ Countries)
4 Augmented and Virtual Reality Market By Entropy

Companies Cited/Referenced/Interviewed:

1. 3B Scientific GMBH
2. Biodigital Systems LLC
3. Ingmar Medical Ltd
4. Promodel Corporation
5. Anesoft Corporation
6. B-Line Medical, LLC
7. Kyoto Kagaku Co, Ltd
8. Simulab Corporation
9. Anomalous Medical
10. Immersion Corporation
11. Limbs & Things Ltd
12. Simulaids Inc
13. Company 13
14. Company 14
15. Company 15+

What can you expect from the report?
The Augmented Reality and Virtual Reality Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

Plot No. 56, HUDA Techno Enclave LP Towers, Opp. Melange Tower, Madhapur, Hyderabad, Telangana 500081

sales@industryarc.com

+1614-588-8538

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Augmented Reality and Virtual Market is anticipated to hit $1.4 Billion by 2023 at a CAGR of 18.02% here

News-ID: 1621465 • Views: 1037

More Releases from IndustryARC

Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the

All 5 Releases


More Releases for Reality

Augmented Reality Technology
Report Overview A comprehensive analysis based on key parameters has been presented by the report published on the Augmented Reality Technology market. Using the data from 2020 to 2026, the report presents the market status and size in a forecast study. This presents the overall market valuation along with the CAGR for the forecast period. The introductory chapter of the report presents an overview of the Augmented Reality Technology market along
Global Augmented Reality and Virtual Reality Market
Global Augmented Reality and Virtual Reality Market – Global Industry Analysis and Forecast (2017-2026) _ by Technology (Marker-Based, Marker Less and Others), by Device Type (Handheld Device, Head-Up Display, and Others), by Vertical, By Application, and by Geography Market Scenario Global Augmented Reality and Virtual Reality Market was valued US$ 6.1 Bn in 2017, and is expected to reach US$ 58.2 Bn by 2026, at a CAGR of 32.57% during forecast period. Augmented
AUGMENTED REALITY AND VIRTUAL REALITY Market
The Insight Partners added “Augmented Reality and Virtual Reality Market to 2025 - Global Analysis and Forecasts by Technology, Sensors & Components and Applications” to its research database. The report is spread across 203 pages and supported by 10 company leaders. AR and VR technologies were incepted in early 90`s, but the technologies are getting into mainstream in recent years. As the market is in emerging stage the number of players
Augmented Reality Virtual Reality Market Aims Bigger with Technological Innovati …
The global augmented reality & virtual reality market is expected to grow at a substantial growth rate especially in training and infotainment market. Heavy penetration is the wide spectrum of application areas for these technologies. Virtual reality application in healthcare shows a tremendous growth and driving the market for augmented reality & virtual reality. It is a field of computer research which deals with the combination of real-world and computer
Healthcare Virtual Reality & Augmented Reality Systems Market
SA-BRC announces the release of market assessment report on “Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast: 2016-2020”. The global healthcare virtual & augmented reality software market is anticipated to grow slower with a CAGR of xx% between 2016 and 2020. In 2015, the market was valued at US$ xx million and is forecast to grow to US$ xx million by 2020 according to the new report
Artificial Reality
This study on Artificial Reality, highlights technological and industrial trends and its state of the art as well as market figures and forecasts. The report proposes a detailed analysis of the positioning of major offerings through relevant case studies. It provides readers with the main takeaways regarding number of devices, games and revenues in order to establish a clear landscape of market's long awaited take-off. Table of Content 1. Executive Summary 2. Definitions and uses 2.1.