The Healthcare Ar Vr Market To Be Revolutionized By IoT

The Healthcare Ar Vr Market is slated to witness a staggering CAGR In Upcoming Years. The future belongs to fee-for-value models. The key stakeholders are into the delivery of high-quality, cost-effective care through these models. Thus, e-governance IT programs are being rolled out all over. In all, the e-market would be the trend in the upcoming period.

The high pace of expansion taking place in the global healthcare industry and adoption of advanced technologies is boosting the market for healthcare AR VR devices. The healthcare industry has shown increasing adoption of AR VR technologies and incorporated these in routine operations. A new research report by Persistence Market Research focuses on an in-depth analysis of the global healthcare AR VR market. This comprehensive research report is titled ‘Healthcare AR VR Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026’.

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Market Players

Microsoft Corporation
Samsung Electronics Co. Ltd
Google Inc.
DAQRI LLC
Oculus VR, LLC
Magic Leap, Inc.
ImmersiveTouch, Inc.
FIRSTHAND TECHNOLOGY INC.
HTC Corporation

Global Healthcare AR VR Market: Snapshot

Virtual reality enables a person to experience and interact with a 3D environment. Whereas augmented reality provides digital information in the form of sound, audio and graphics.

These technologies are in much demand in hospitals and clinics for medical trainings, research processes, and in diagnostic centers. The market is expected to grow exponentially given the growing preference of people towards advanced technologies. The healthcare industry is also evolving to become an advanced sector, providing better services to treat severe health issues and to provide advanced health related assistance. The incorporation of advanced technologies is also a result of growing competition among market companies.

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Top companies are vying with one another to introduce the latest technologies before competition, which is intended to help them stay ahead in the race. According to the report forecasts, the global healthcare AR VR market is expected to hold a market value of over US$ 600 Mn in 2018, which may reach a market value of over US$ 15,000 Mn by the end of 2026. The market is anticipated to grow at an exceptionally high CAGR of 49.1% during the forecast period 2018 – 2026.

North America to Lead the Global Healthcare AR VR Market in Terms of Projected Value

The research report highlights the forecast for the healthcare AR VR market based on key factors impacting the market and also the trends that are prevailing in the market. There has been a growth in the adoption of smartphones among individuals due to the increasing usage of digital technologies in healthcare AR VR such as surgery planning, medical treatment and others.

This has increased revenue contribution to GDP especially in developing regions such as Africa, APAC, and MEA. North America is expected to hold the highest revenue share of over US$ 5,000 Mn by the end of 2026 in the global healthcare AR VR market. Furthermore, SEA and other APAC regions are also expected to be the most lucrative regions for companies looking for emerging opportunities in the market.

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This release was published on openPR.