Augmented and Virtual Reality in Healthcare Market worth 4,997.9 Million USD by 2023

MarketsandMarkets^TM : According to the new research report "Augmented and Virtual Reality in Healthcare Market by Offering (Hardware and Software), Device Type, End User, Application (Patient Care Management, Medical Training & Education, Pharmacy Management, Surgery), and Geography - Global Forecast to 2023", is expected to grow from USD 769.2 Million in 2017 to USD 4,997.9 Million by 2023, at a CAGR of 36.6% between 2017 and 2023. The increasing penetration of connected devices in the healthcare sector, increased investment in the AR and VR healthcare, and the growing need to reduce the healthcare cost are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market.

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Target Audience

· Raw Material and Manufacturing Equipment Suppliers

· Semiconductor Foundries

· Original Equipment Manufacturers (OEMs) (End-User Applications or Electronic Product Manufacturers)

· Product Manufacturers

· Original Design Manufacturers (ODMs) and OEM Technology Solution Providers

· Research Organizations

· Technology Standard Organizations, Forums, Alliances, and Associations

· Technology Investors

· Governments, Financial Institutions, and Investment Communities

· Analysts and Strategic Business Planners

Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Some of these secondary sources include organizations and associations such as VR/AR Association, AugmentedReality.Org, and Augmented Reality for Enterprise Alliance.

Head-up displays to witness high growth during the forecast period

• Surgery application to witness high growth during the forecast period
• North America expected to hold a major share of the augmented and virtual reality in healthcare market during the forecast period

The value chain of augmented and virtual reality in healthcare market includes original equipment manufacturers for AR and VR devices, software vendors, application developers among others. Major companies that are part of the value chain include Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), Oculus VR (US), CAE Healthcare (US), Philips Healthcare (Netherlands & US), 3D Systems (US), VirtaMed (Switzerland), HTC (Taiwan), Siemens Healthineers (Germany), and Virtually Better (US).

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