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AR and VR Healthcare Market Share 2022 : Global Business Opportunities with Challenges, Explosive Trends and Size, Demand by Regions and Growth Analysis to 2031

Kenneth Research has recently added a report titled AR and VR Healthcare Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for AR and VR Healthcare Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

AR & VR Healthcare Market valued approximately USD 748.3 million in 2017 is anticipated to grow with a healthy growth rate of more than 30.1% over the forecast period 2018-2025. Increasing investments in emerging technologies and growing adoption in of Augmented Reality and Virtual Reality in the medical field are the major driving factors of AR & VR Healthcare market. The market is driven mainly by applications in surgical simulation, diagnostic imaging, patient care management, rehabilitation and health management. Increase in quantity of startups has led to higher demand for investments to fund development of AR & VR technologies therefore market is witnessing an increase in private investments by various investors which is expected to boost the growth of AR & VR Healthcare market. One of the major restraining factor of AR & VR healthcare market is the lack of expertise among medical practitioners to adopt new technologies.

Increase in private investment by various investors creates various opportunities in the AR & VR Healthcare market. Augmented Reality is an interactive experience of a real-world environment whereby the objects that reside in the real-world are “augmented” by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory, and olfactory whereas Virtual reality is an interactive computer-generated experience taking place within a simulated environment, that incorporates mainly auditory and visual, but also other types of sensory feedback like haptic. The consumption of augmented reality & virtual Reality saves time and reduce extra time taking. The AR & VR can significantly improve the quality of treatment in the healthcare field and receive from their healthcare provider. Therefore, both AR & VR play an important role in the field of healthcare market. It has witnessing that it is the best solution for surgery and for healthcare market.


The regional analysis of AR & VR Healthcare Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025. Asia-Pacific contributes 33% growth rate in AR & VR Healthcare market.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10013429

The detailed segments and sub-segment of the market are explained below:

By component:

 Hardware
 Software
 Services

By Technology;
 Augmented Reality
 Virtual Reality

By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Intuitive Surgical, CAE Healthcare, Siemens Healthnieers, Philips Healthcare, Hologic, EON Reality, GE Healthcare, LAYAR, World wiz, Thera Sim Inc. and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the AR & VR Healthcare Market in Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10013429

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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