Augmented and Virtual Reality in Healthcare Market is Expected to Grow at a CAGR of over 30.2% | During 2022-2028 | Vantage Market Research

Augmented and Virtual Reality in Healthcare Market by Offering (Hardware, Software), by Device Type (Augmented Reality,Virtual Reality), by End User (Hospitals,Clinics, Surgical Centers, Research Organizations and Pharma Companies, Research and Diagnostics Laboratories), by Application (Surgery, Fitness Management, Patient Care Management, Pharmacy Management, Medical Training and Education), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

According to Vantage market research the Global Augmented and Virtual Reality in Healthcare market is projected to attain a value of USD 18.7 Billion by 2028 from USD 1.5 Billion at a CAGR of 30.2% during the forecast period, 2021-2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 30.2% size of the Augmented and Virtual Reality in Healthcare Market at the end of the forecast period.
• The Global Augmented and Virtual Reality in Healthcare market is predicted to reach a value of USD 1.5 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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The use of virtual and augmented reality (VR/AR) in healthcare is increasing because of their potential benefits. VR and AR can be used in many medical fields such as medicine, education, surgical procedures and diagnostics. Medical students are exposed to surgery through VR to real-life training that helps them gain confidence before practicing. The platform also allows a non-invasive method to study complex processes in low-risk environments.

Market Segmentation:

By End-User:

• Hospitals
• Clinics
• Surgical Centers
• Research Organizations and Pharma
Companies
• Research and Diagnostics Laboratories
• Government and Defense Institutions
• Others

By Application:

• Surgery
• Fitness Management
• Patient Care Management
• Pharmacy Management
• Medical Training and Education
• Others

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COVID-19 Impact Analysis of Augmented and Virtual Reality in Healthcare Market:

When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Augmented and Virtual Reality in Healthcare market regional level analysis:

• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Augmented and Virtual Reality in Healthcare Market:

• Microsoft (US)
• Google (US)
• Oculus VR (US)
• Psious (Spain)
• DAQRI (US)
• Mindmaze (Switzerland)
• Medical Realities (UK)
• Firsthand Technology (US)
• Atheer (US)
• Augmedix (US)
• CAE Healthcare (US)
• 3D Systems (US)
• Philips Healthcare (Netherlands & US)
• VirtaMed (Switzerland)
• Siemens Healthineers (Germany)
• HTC (Taiwan)

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Reason for buying this Augmented and Virtual Reality in Healthcare market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Augmented and Virtual Reality in Healthcare market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Augmented and Virtual Reality in Healthcare market and provides possible solutions to those problems.

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