- 15 March 2019 22:22
Latest Key Developments of Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market Till 2027
Augmented reality technology is used to integrate digital information with the environment in real time; whereas virtual reality is representation of an artificial environment using sensors, cameras, and software. High adoption of these two technologies in healthcare sector is changing the way patients are diagnosed and treated.
Rapid development in healthcare sector and rising adoption of technologically advanced products and devices are major factors driving growth of the global augmented reality (AR) and virtual reality (VR) in healthcare market. In addition, increasing penetration of internet of things (IoT) and rising adoption of connected devices are other factors fueling growth of the global market. Moreover, use of augmented and virtual reality for medical training and learning by various institutions and universities is another factor further driving growth of the global market.
The Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market is segmented on the Basis of component, end-user and regions. On the basis of component, the global market is segmented into Hardware, Software, Service. The Software segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of end-user, the global market is segmented into Hospitals, clinics, and surgical centers, Research organizations, Pharma companies, Government and Others. The Hospitals segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Orca Health Inc., Brain Power LLC, EchoPixel Inc., MindMaze, First Hand Technology Inc., Medical Realities Ltd., zSpace Inc., Microsoft Corporation, Alphabet Inc., Magic Leap Inc., Osterhout Design Group Inc.