AR & VR in Healthcare Market Growth Forecasted at 19.2% CAGR to USD 10.19 Billion by 2030

Posted on 2024-04-11 by MarketDigits in Healthcare // 0 Comments

Richmond, United States, 2024-Apr-11 — /EPR Network/ —

The Augmented Reality & Virtual Reality In Healthcare Market, is expected to surge to USD 10.19 Billion by 2030. This growth signifies a notable compound annual growth rate (CAGR) of 19.2% during the forecast period from 2030.

The Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market is experiencing exponential growth, revolutionizing the way medical professionals deliver care and patients receive treatment. AR and VR technologies offer immersive and interactive experiences that enhance medical training, surgical planning, patient education, and therapy outcomes. In this blog, we will explore the dynamics, trends, innovations, and applications driving the adoption of AR and VR in the healthcare industry.

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Major vendors in the global Augmented Reality & Virtual Reality In Healthcare Market:

Google
Microsoft
DAQR
Psious (Spain)
Mindmaze
Firsthand Technology
Medical Realities
Atheer
Augmedix
Oculus VR
CAE Healthcare
Philips Healthcare
3D Systems
VirtaMed
HTC
Siemens Healthineers
Virtually Better
GE Healthcare
Others

Understanding AR & VR in Healthcare

AR overlays digital information onto the real world, while VR creates entirely immersive virtual environments. In healthcare, AR and VR technologies are used to visualize complex medical data, simulate surgical procedures, provide interactive medical training, and deliver therapeutic interventions. These technologies empower healthcare professionals to make more informed decisions, improve patient outcomes, and enhance the overall quality of care.

Market Dynamics

Rapid Technological Advancements: Advances in AR and VR hardware, software, and content creation tools are driving innovation in the healthcare sector. Improved display resolutions, gesture recognition, haptic feedback, and real-time tracking capabilities are enhancing the realism and immersion of AR and VR experiences, enabling more accurate medical simulations and training scenarios.
Increasing Demand for Medical Training and Simulation: The growing need for immersive and interactive medical training programs is fueling the adoption of AR and VR in healthcare. Medical students, residents, and practicing professionals use AR and VR simulations to practice surgical procedures, diagnose medical conditions, and hone their clinical skills in a safe and controlled environment, reducing the risk to patients and improving training outcomes.
Enhanced Patient Engagement and Education: AR and VR technologies are empowering patients to take a more active role in their healthcare journey by providing immersive educational experiences and interactive therapy sessions. Patients can visualize their medical conditions, treatment options, and surgical procedures in 3D, improving understanding, compliance, and satisfaction with care.

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Market Trends and Innovations

Surgical Planning and Navigation: AR and VR are revolutionizing surgical planning and navigation by enabling surgeons to visualize patient anatomy in 3D, plan surgical procedures, and simulate complex interventions before entering the operating room. AR-based surgical navigation systems overlay patient-specific anatomical information onto the surgeon’s field of view in real-time, improving accuracy, precision, and safety during procedures.
Remote Consultations and Telemedicine: AR and VR technologies are facilitating remote consultations and telemedicine services, allowing healthcare providers to conduct virtual appointments, remote diagnostics, and telepresence surgeries. Patients can receive medical advice, therapy sessions, and follow-up care from the comfort of their homes, reducing travel time, costs, and barriers to access healthcare services.
Pain Management and Rehabilitation: VR-based therapies are being used to manage pain, reduce anxiety, and improve rehabilitation outcomes for patients with chronic pain, neurological disorders, and physical disabilities. Immersive VR environments distract patients from pain sensations, engage them in therapeutic exercises, and promote neuroplasticity and functional recovery, enhancing quality of life and treatment adherence.

Applications of AR & VR in Healthcare

Medical Training and Education: AR and VR simulations are used to train medical students, residents, and healthcare professionals in various specialties, including surgery, radiology, emergency medicine, and anatomy. These technologies provide hands-on learning experiences, interactive tutorials, and realistic scenarios that enhance learning retention and clinical competency.
Surgical Visualization and Navigation: AR and VR systems enable surgeons to visualize patient anatomy, plan surgical procedures, and navigate complex anatomical structures during operations. These technologies enhance surgical precision, reduce intraoperative complications, and improve patient safety and outcomes.
Patient Education and Therapy: AR and VR applications empower patients to better understand their medical conditions, treatment options, and rehabilitation exercises through immersive and interactive experiences. These technologies increase patient engagement, compliance, and satisfaction with care, leading to better treatment outcomes and improved quality of life.

Major Segmentations Are Distributed as follows:

By Component
- Hardware
  - Sensors
  - Accelerometer
  - Gyroscope
  - Magnetometer
  - Proximity Sensor
- Semiconductor Component
  - Controller/processor
  - Integrated Circuits
  - Displays and Projectors
  - Position Tracker
  - Cameras
  - Others
- Software
- Services
By Technology
- Augmented Reality in Healthcare Market
  - Head-Mounted Display (HMD)
  - Handheld Device
- Virtual Reality in Healthcare Market
  - Head-Mounted Display (HMD)
  - Gesture Tracking Devices
  - Data Gloves
  - Others
- Projectors and Display Walls
By End User
- Hospitals, Clinics, and Surgical Centers
- Research Organizations and Pharma Companies
- Research and Diagnostics Laboratories
- Government and Defense Institutions
- Others
By Application
- Surgery
- Therapy
- Education and training
- Rehabilitation
- Pain management
- Others

By Region
- North America
  - US
  - Canada
- Latin America
  - Brazil
  - Mexico
  - Argentina
  - Colombia
  - Chile
  - Peru
  - Rest of Latin America
- Europe
  - Germany
  - France
  - Italy
  - Spain
  - U.K.
  - BENELUX
  - CIS & Russia
  - Nordics
  - Austria
  - Poland
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - South Korea
  - India
  - Thailand
  - Indonesia
  - Malaysia
  - Vietnam
  - Australia & New Zealand
  - Rest of Asia Pacific
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - South Africa
  - Nigeria
  - Egypt
  - Israel
  - Turkey
  - Rest of MEA

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Conclusion

In conclusion, the Augmented Reality & Virtual Reality in Healthcare Market is poised for significant growth and innovation as AR and VR technologies continue to transform patient care, medical training, and therapy outcomes. By leveraging immersive and interactive experiences, healthcare providers can improve clinical decision-making, enhance surgical precision, and empower patients to take control of their health and well-being. As the adoption of AR and VR accelerates across the healthcare industry, stakeholders must prioritize patient safety, privacy, and regulatory compliance to realize the full potential of these transformative technologies in improving healthcare delivery and outcomes.

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