Augmenting Demand for Healthcare AR VR to Bolster Global Market Revenue Growth During the Crisis Period of COVID-19

XploreMR provides a critical assessment of the performance of emerging and mature markets in a new publication titled”Healthcare AR VR Market: Healthcare Industry to Witness Exponential Growth in Adoption Despite High Prices of AR VR Devices: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”

Global Information & Communication Technologies (ICT) Sector Outlook

The global digital ecosystem has been continuously evolving over the last few years. The worldwide ICT sector has witnessed some key disruptions of late and governments of various economies are devising and implementing smart and inclusive regulations to govern sector penetration and facilitate technology connectivity to all parts of the world. Even as the world of technology prepares for a massive revolution with unimaginable advancements powered by machine intelligence, here are some of the key drifts presently trending the global ICT sector:

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• Mobile as the new internet accessibility engine: Currently, about three-fourths of internet usage is through mobile phones, with an increasing usage witnessed in low-income and middle-income countries. Yet, over half the world’s population is bereft of mobile broadband internet services. Mobile data providers have accepted this challenge and are targeting niche, unpenetrated markets with high-speed connectivity offerings to increase their customer base.
• Cloud computing to shoot beyond the sky: Cloud is a potent catalyst in all technological advances of the 21^st Cloud is transforming the way enterprises handle big data, and ICT companies are looking to deploy new mechanisms and tools to “speak to data” and acquire the relevant information capable of impacting cross sector business growth.
• Swifter integration of networks and technologies: ICT will continue to disrupt industries and with an increasing shift in focus towards cross-functional platforms that integrate networks, devices, and technologies, a structured integration of communication applications and protocols is fueling new service offerings.
• An app-led technology universe: If mobile is at the heart of the ICT revolution, mobile apps are the arteries that pump in the necessary innovation for survival. The rise of start-ups offering a plethora of mobile apps is set to revolutionize the entire paradigm of the global ICT sector.
• Cyber readiness is the norm: A rapid digitalization has also upped the risk of cybercrimes and cyber-attacks. Mobile companies are working to build secure ICT servers and networks and cyber readiness is of paramount importance today while introducing new products and services in the global market.

Research Methodology

XMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts.

To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, and investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

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Key Questions Answered

• How the market has performed over the past few years?
• What have been the challenges for market participants and how did they overcome them?
• How has the technology landscape evolved over the past years?
• How the competitors have performed and what have been their growth strategies?
• What is the market potential expected to look like in near future across the globe?
• How to sustain and grow market share?
• What should be the future course of action?
• Where do I currently stand?
• Which are the segments, factors, regions offering promising growth potential?
• What are the trends in the market and am I ready for them?

Market Taxonomy

By Technology Type

• (AR) Augmented Reality
• (VR) Virtual Reality

By Component

• Hardware
• Software
• Services

By Application

• Patient Care Management
• Medical Training
• Surgery Planning
• Rehabilitation
• Others

By End User

• Hospitals & Clinics
• Medical Research Organizations
• Diagnostic Centers
• Others

By Region

• North America
• Latin America
• Europe
• China
• Japan
• SEA and Other
• APAC
• MEA