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Augmented Reality & Virtual Reality in Healthcare Market Emerging Trends, Demand, Growth by Key Players and Forecast 2028

The anticipated market size for AR & VR in healthcare is projected to reach USD 11.49 Billion by 2028, experiencing a revenue Compound Annual Growth Rate (CAGR) of 24.3% throughout the forecast period. The driving forces behind this growth include rapid digitalization and increased governmental initiatives aimed at modernizing the healthcare sector.

 

The adoption of AR-VR in healthcare is on the rise, with a growing number of healthcare organizations gearing up to enhance their digital solutions using advanced technologies for improved data analysis and healthcare procedures. The implementation of these advanced technologies has empowered healthcare organizations to establish connections with patients, particularly during the COVID-19 pandemic, offering remote and personalized care. These technologies present viable solutions to various healthcare challenges, such as issues in precision surgeries, and offer numerous benefits for their application in medical training and general diagnostics.

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Top Companies:

Microsoft Corporation, MindMaze, Psious, Medical Realities, Firsthand Technology, Augmedix, Inc., Siemens Healthineers, Philips Healthcare, GE Healthcare and FundamentalVR.

Some Key Highlights from the Report

Improvement in Healthcare Efficiency:

  • The use of AR and VR in healthcare processes can enhance overall efficiency by streamlining workflows, reducing errors, and optimizing resource utilization.

Increasing Investments and Technological Advancements:

  • Growing investments in AR and VR technologies, coupled with continuous advancements in hardware and software, are driving the development of more sophisticated and accessible solutions for healthcare applications.

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Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Component Outlook (Revenue, USD Billion; 2018–2028)

  • Hardware
  • Software
  • Services

Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Augmented Reality
    • Head-Mounted Display (HMD)
    • Handheld Device
  • Virtual Reality
    • Head-Mounted Display (HMD)
    • Gesture Tracking Devices
    • Projectors and Display Walls

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Simulation & diagnostics
  • Surgeries
  • Patient care management
  • Education
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals & Clinics
  • Surgical centers
  • Research organizations

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