Rising demand for innovative diagnostic techniques, neurological disorders, and increasing awareness for diseases globally, are the major factors influencing market growth.
Market Size – USD 0.95 billion in 2018, Market Growth - CAGR of 28.3%, Market Trends – Implementation of VR to grow the learning and teaching experience in medicine
NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- The AR/VR in Healthcare Market is estimated to reach USD 7.05 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand for innovative diagnostic techniques, neurological disorders, and increasing disease awareness. Based on statistics, the advancement in the field of information technology such as laptop, computer, internet connectivity and mobile applications, is also a significant factor stimulating market demand.
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The healthcare industry has transformed with the adoption of the technology for the virtual training of surgeons for complicated surgeries, phobia buster in mental health treatment, 3D operating room simulations, and chronic pain management. They also play an essential role in EMDR (Eye Movement Desensitization and Reprocessing) therapy that allows for reframing traumatic memories through specific eye movements. Also, they offer advantages in several areas of care management like cancer therapy, autism & depression therapy, and assisted living. VR-based organ models help surgeons prepare for delicate and complex operations that need higher accuracy, fewer complications, & decreased trauma.
Due to the constant technological advancement of related products, prevalence of neurological & psychological disorders, and presence of a sophisticated healthcare infrastructure, the North America region accounts for the highest market share of 44.2% in 2018. Moreover, the emerging technological advancements in information technology and government support for integration of these technologies in medical field contribute to the large share of the market.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ar-vr-in-healthcare-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global AR/VR in Healthcare Market on the basis of Component, Technology, Application, End user and region:
Technology Outlook (Revenue, USD Million; 2016-2026)
Component Outlook (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
End User Outlook (Revenue, USD Million; 2016-2026)
Regional Outlook (Revenue, USD Million; 2016-2026)
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