Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market Analysis By Component (Hardware, Software, and Service), By Technology (Augmented Reality, Virtual Reality), And Segment Forecasts, 2014 - 2025

  • ID: 4312493
  • Report
  • 75 pages
  • Grand View Research
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FEATURED COMPANIES

  • CAE Healthcare
  • EON Reality
  • GE Healthcare
  • Hologic, Inc.
  • Intuitive Surgical, Inc.
  • LAYAR
  • MORE
The global augmented reality & virtual reality in healthcare market is expected to reach USD 5.1 billion by 2025. The growing adoption of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of this market.

The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. The application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries that require precision, thus, resulting in reduced complications and lesser trauma. VR helps patients get over their worst fears and phobias through the exposure therapy. These technologies are also gaining significance in fitness management due to the development of various health apps that help train doctors as well as patients.

The use of these advanced technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management serves as a market opportunity and is predicted to drive the segment substantially. These new disruptive technologies have revolutionized medical field and provide an innovative approach for transforming healthcare experience. The increasing focus on streamlining medical operations along with demand for better delivery of care services are driving the growing adoption of these technologies.

Increase in number of startups has led to higher demand for investments to fund development of AR & VR technologies. The market is witnessing an increase in private investments by various investors, which is expected to boost growth further. For instance, Swiss-based startup MindMaze is a well-funded company that has raised USD 100 million from Hinduja Group for development of VR hardware & software. In addition, increased government funding and supportive initiatives are expected to drive growth.

Further key findings from the report suggest:
  • The hardware segment held the majority of the revenue share in 2016 due to rise in adoption of wearable devices in healthcare
  • AR dominated the technology segment in 2016 owing to its increasing adoption in surgeries and medical training
  • North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure
  • Asia Pacific AR and VR market is expected to witness a lucrative growth of 33% over the forecast period
  • Some of the key players include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • CAE Healthcare
  • EON Reality
  • GE Healthcare
  • Hologic, Inc.
  • Intuitive Surgical, Inc.
  • LAYAR
  • MORE
1 Research Methodology
1.1 Information Procurement
1.1.1 Purchased database:
1.1.2 Internal database
1.2 Primary Research:
1.2.1 List of primary sources include:
2 Executive Summary
2.1 Market Snapshot
3 Augmented Reality & Virtual Reality in Healthcare Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.3 Market Restraint Analysis
3.4 Key Opportunity Prioritized
3.5 Augmented Reality &Virtual Reality in Healthcare Market - SWOT Analysis, by Factor (political & legal, economic and technological)
3.6 Industry Analysis - Porter’s
4 Augmented Reality &Virtual Reality in Healthcare: Component Estimates & Trend Analysis
4.1 Augmented Reality &Virtual Reality in Healthcare Market: Component Movement Analysis
4.2 Hardware
4.2.1 Hardware market estimates and forecasts, 2014 - 2025 (USD Million)
4.3 Software
4.3.1 Software market estimates and forecasts, 2014 - 2025 (USD Million)
4.4 Service
4.4.1 Service market estimates and forecasts, 2014 - 2025 (USD Million)
5 Augmented Reality & Virtual Reality in Healthcare: Technology Estimates & Trend Analysis
5.1 Augmented Reality & Virtual Reality in Healthcare Market: Technology Movement Analysis
5.2 Augmented Reality
5.2.1 Augmented reality market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.2 Surgical application
5.2.2.1 Surgical application market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.3 Rehabilitation
5.2.3.1 Rehabilitation market estimates and forecasts, 2014 - 2025 (USD Million)
5.2.4 Training & Medical Eductaion
5.2.4.1 Training & medical eductaion market estimates and forecasts, 2014 - 2025 (USD Million)
5.3 Virtual Reality
5.3.1 Virtual reality market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.2 Simulation
5.3.2.1 Simulation market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.3 Diagnostics
5.3.3.1 Diagnostics market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.4 Virtual Reality Exposure Therapy (VRET)
5.3.4.1 Virtual Reality Exposure Therapy (VRET) market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.5 Rehabilitation
5.3.5.1 Rehabilitation market estimates and forecasts, 2014 - 2025 (USD Million)
5.3.6 Pain Distraction
5.3.6.1 Pain distraction market estimates and forecasts, 2014 - 2025 (USD Million)
6 Augmented Reality & Virtual Reality in Healthcare: Regional Estimates & Trend Analysis by Component And Technology
6.1 Augmented Reality & Virtual Reality in Healthcare Market Share, by Region, 2016 & 2025
6.2 North America
6.2.1 North America augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.2.2 North America augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.2.3 U.S.
6.2.3.1 U.S. augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.2.3.2 U.S. augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.2.4 Canada
6.2.4.1 Canada augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.2.4.2 Canada augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.3 Europe
6.3.1 Europe augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.3.2 Europe augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.3.3 UK
6.3.3.1 UK augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.3.3.2 UK augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.3.4 Germany
6.3.4.1 Germany augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.3.4.2 Germany augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.4.2 Asia Pacific augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.4.3 Japan
6.4.3.1 Japan augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.4.3.2 Japan augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.4.4 China
6.4.4.1 China augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.4.4.2 China augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.5 Latin America
6.5.1 Latin America augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.5.2 Latin America augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.5.3 Brazil
6.5.3.1 Brazil augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.5.3.2 Brazil augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.5.4 Mexico
6.5.4.1 Mexico augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.5.4.2 Mexico augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.6 MEA
6.6.1 MEA augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.6.2 MEA augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
6.6.3 South Africa
6.6.3.1 South Africa augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
6.6.3.2 South Africa augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
7 Competitive Landscape
7.1 Company Profiles
7.1.1 CAE Healthcare
7.1.1.1 Company overview
7.1.1.2 Financial performance
7.1.1.3 Product benchmarking
7.1.1.4 Strategic initiatives
7.1.2 Siemens Healthineers
7.1.2.1 Company overview
7.1.2.2 Financial performance
7.1.2.3 Product benchmarking
7.1.3 Philips Healthcare
7.1.3.1 Company overview
7.1.3.2 Financial performance
7.1.3.3 Product benchmarking
7.1.3.4 Strategic initiatives
7.1.4 Hologic, Inc.
7.1.4.1 Company overview
7.1.4.2 Financial performance
7.1.4.3 Product benchmarking
7.1.4.4 Strategic initiatives
7.1.5 EON Reality
7.1.5.1 Company overview
7.1.5.2 Financial performance
7.1.5.3 Product benchmarking
7.1.5.4 Strategic initiatives
7.1.6 Intuitive Surgical, Inc.
7.1.6.1 Company overview
7.1.6.2 Financial performance
7.1.6.3 Product benchmarking
7.1.6.4 Strategic initiatives
7.1.7 GE Healthcare
7.1.7.1 Company overview
7.1.7.2 Financial performance
7.1.7.3 Product benchmarking
7.1.7.4 Strategic initiatives
7.1.8 LAYAR
7.1.8.1 Company overview
7.1.8.2 Financial performance
7.1.8.3 Product benchmarking
7.1.8.4 Strategic initiatives
7.1.9 WorldViz
7.1.9.1 Company overview
7.1.9.2 Financial performance
7.1.9.3 Product benchmarking
7.1.9.4 Strategic initiatives
7.1.10 TheraSim Inc.
7.1.10.1 Company overview
7.1.10.2 Financial performance
7.1.10.3 Product benchmarking
7.1.10.4 Strategic initiatives

List of Tables

Table 1 North America augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 2 North America augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 3 North America augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 4 North America augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 5 U.S. augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 6 U.S. augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 7 U.S. augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 8 U.S. augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 9 Canada augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 10 Canada augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 11 Canada augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 12 Canada augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 13 Europe augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 14 Europe augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 15 Europe augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 16 Europe augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 17 UK augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 18 UK augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 19 UK augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 20 UK augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 21 Germany augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 22 Germany augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 23 Germany augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 24 Germany augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 25 Asia Pacific augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 26 Asia Pacific augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 27 Asia Pacific augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 28 Asia Pacific augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 29 Japan augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 30 Japan augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 31 Japan augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 32 Japan augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 33 China augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 34 China augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 35 China augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 36 China augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 37 Latin America augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 38 Latin America augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 39 Latin America augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 40 Latin America augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 41 Brazil augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 42 Brazil augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 43 Brazil augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 44 Brazil augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 45 Mexico augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 46 Mexico augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 47 Mexico augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 48 Mexico augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 49 MEA augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 50 MEA augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 51 MEA augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 52 MEA augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)
Table 53 South Africa augmented reality & virtual reality in healthcare market, by component, 2014 - 2025 (USD Million)
Table 54 South Africa augmented reality & virtual reality in healthcare market, by technology, 2014 - 2025 (USD Million)
Table 55 South Africa augmented reality & virtual reality in healthcare market, by AR applications, 2014 - 2025 (USD Million)
Table 56 South Africa augmented reality & virtual reality in healthcare market, by VR applications, 2014 - 2025 (USD Million)

List of Figures

Figure 1 Market research process
Figure 2 Information procurement
Figure 3 Primary research pattern
Figure 4 Market snapshot
Figure 5 Market trends & outlook
Figure 6 Market segmentation & scope
Figure 7 Market driver relevance analysis (Current & future impact)
Figure 8 Market restraint relevance analysis (Current & future impact)
Figure 9 Key Opportunity Prioritized
Figure 10 SWOT Analysis, by Factor (political & legal, economic and technological)
Figure 11 Porter’s Five Forces Analysis
Figure 12 Augmented reality & virtual reality in healthcare market: Component outlook key takeaways
Figure 13 Augmented reality & virtual reality in healthcare market: Component movement analysis
Figure 14 Global hardware market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 15 Global software market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 16 Global services market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 17 Augmented reality & virtual reality in healthcare market: Technology outlook key takeaways
Figure 18 Augmented reality & virtual reality in healthcare market: Application movement analysis
Figure 19 Global augmented reality market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 20 Global surgical application market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 21 Global rehabilitation training & medical education market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 22 Global market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 23 Global virtual reality market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 24 Global simulation market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 25 Global diagnostics market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 26 Global virtual reality exposure therapy market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 27 Global rehabilitation market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 28 Global pain distraction market estimates and forecasts, 2014 - 2025 (USD Million)
Figure 29 Regional market place: Key takeaways
Figure 30 Regional outlook, 2016 & 2025
Figure 31 North America augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 32 The U.S. augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 33 Canada augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 34 Europe augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 35 UK augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 36 Germany augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 37 Asia Pacific augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 38 Japan augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 39 China augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 40 Latin America augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 41 Brazil augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 42 Mexico augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 43 MEA augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
Figure 44 South Africa augmented reality & virtual reality in healthcare market, 2014 - 2025 (USD Million)
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  • CAE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • Hologic, Inc.
  • EON Reality
  • Intuitive Surgical, Inc.
  • GE Healthcare
  • LAYAR
  • WorldViz
  • TheraSim Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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