Healthcare Virtual Reality & Augmented Reality Systems Market to Cross US$ 2 Bn by 2020

This report provides market value for healthcare virtual & augmented reality components, applications and six geographies with 2013 & 2014 as base values and forecast from 2015 to 2019. The global healthcare virtual & augmented reality systems market was valued at US$ 724.1 million in 2015 and is forecast to grow to US$ 2,582.1 million by 2020 at a CAGR of 28.6% from 2016 to 2020. Virtual reality and augmented reality are created through advanced electronic technologies that are able to project highly realistic images to individuals for a variety of purposes. Until recently, VR/AR technology was employed into the fields of gaming, real estate, shopping, entertainment and tourism. In recent years the technology has been successfully employed into core medical and healthcare areas. The technology is now used in medical applications such as dentistry, orthopedics, most minimally invasive surgeries and robotic surgeries. The ability to envision a patient?s internal organs and plan a strategy for surgery will save numerous lives across the world. A large number of delicate procedures result in bad patient outcomes simply due to unforeseen complications. VR/AR technology will enable medical professionals to carry out procedures even before completing it on the patient themselves in order to prepare for any untoward incidences.

Market Drivers:
Fully immersive VR to drive the growth for immersion therapy areas such as depression and phobia.
Growing demand from medical schools for virtual training.
High growth in demand for VR in robotic surgeries.
Global rise in demand for increase in surgical planning.

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Market Challenges:
Technological limitations continue to restrict growth.
Virtual and augmented reality systems require intensive technical expertise to maintain.

Applications Market Covered In This Report:
Training & Planning
Rehabilitation
Robotic & Minimally Invasive Surgery Simulation
Immersion Therapy
Medical Research & Development

Virtual Reality & Augmented Reality Components Market Covered In This Report:
Tracking Sensors
Haptic Hand Controllers
Feedback Gloves
Haptic Body Units
Haptic Foot Devices and Treadmills
Desktop Display Systems
Head Mounted Display Systems
Others

Geographical regions covered in this report:
North America
Europe
Asia-Pacific
Latin America
Middle-East
Africa

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Key Vendors:
3D Systems (Symbionix)
Barco Electronic Systems Pvt. Ltd.
Brainlab AG
CAE Healthcare
Dassault Systems
EchoPixel

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