Global Augmented Reality & Virtual Reality in Healthcare Market



While at the early stage, the impact of the Augmented Reality & Virtual Reality in Healthcare industry is progressively visible through imaginable results. 

 
In fact, from high costs of components, size of products that limited the scope of the VR and AR devices a few years back, henceforth we are witnessing the Reduction of component costs and improvement of gesture recognition systems; and  many start-ups and traditional companies  are combining VR-AR into their product portfolios.

For those who are unfamiliar, Augmented Reality (AR) is the augmentation of a real or physical world environment in a direct or indirect way using computer generated sensory input.  While Virtual Reality (VR) is the complete simulation of the physical environment virtually with immersion of the individual in a scenario varying: non, semi and fully immersive.

According to Research and Markets, North America is the largest market for Augmented Reality and Virtual Reality followed by Europe. 

One can observe that, among Major factors influencing the growth of this market in America, we have: Technological advancements, the accessibility to technologies and well-established distribution channels. 

As usual, Asian countries will lead growth in a near future; primarily due to increasing investments by major players in the region.

One can also recall that, Augmented reality apps in the healthcare industry include:
surgical pre-operation assessment; medical simulation; minimally invasive surgery; rehabilitation.etc.

Virtual reality in the healthcare industry for applications include: fully immersive 3D simulation experience for doctors, nurses, as a diagnostics tool, in surgery, phobia treatments, PTSD, autism treatments and dentistry etc. 

The global market for augmented reality and virtual reality in the healthcare market is expected to grow from $1.2 bn in 2014 to around $2.54 bn in 2020 according to IndustryARC.

Among the prominent players in this industry, we have:

Laerdal Medical
Simulaids Inc.,
Hologic Corporation
WorldViz LLC.,
Therasim Inc. and others.