Selbyville, Delaware, Jan. 9, 2023 (GLOBE NEWSWIRE) —
Augmented and virtual reality in healthcare Market value According to a new research report from Global Market Insights Inc. set to reach $18.5 billion by 2032.
Several renowned companies are increasing their R&D investments in Augmented and Virtual Reality (AR/VR) to offer new solutions and strengthen their healthcare product offerings. Venture capital firms such as Andreessen Horowitz, Lux Capital, KPCB Edge and BlueRun Ventures have also invested in AR/VR organizations.
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A diverse range of applications in complex surgical procedures can support the use of VR in healthcare
Virtual reality (VR) technology accounted for more than 25% share of the augmented and virtual reality healthcare market in 2022. VR has demonstrated a number of applications in various areas of the healthcare sector, such as robotic surgery, surgery simulation and skills training. , among others.
VR is being adopted on a large scale in the healthcare field as it plays a vital role in medical procedures. The technology allows doctors to perform simulations of various medical conditions and subsequently gain better insight into complex surgical procedures. In addition, VR makes it easier for medical professionals and trainers to perform and learn surgical operations, thus promoting the use of this technology in healthcare.
Browse 154 pages of key industry statistics with 203 market data tables and 19 figures and charts from the report, “Augmented and Virtual Reality in Healthcare Market Size by Technology (Augmented Reality, Virtual Reality), By Component (Hardware, Software, Services), By Application (Surgery, Training & Education, Behavioral Therapy, Medical Imaging) By End Use (Academic workers Institutions, Hospitals, Clinics/Dentist), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share and Forecast, 2023 – 2032” in detail along with the contents:
Continuous technological advancements can accelerate the installation of AR/VR software
The software segment held more than 35.5% share of the augmented and virtual reality healthcare market in 2022. The strong demand for high-end AR/VR software can be attributed to the recent technological advancements introduced by various market players in designing healthcare training applications. and assist in the treatment of patients.
AR/VR solutions are gaining traction as viable training tools in surgical applications
Augmented and virtual reality healthcare market revenue from surgical applications will reach more than USD 727.5 million in 2022. AR/VR solutions enable surgeons to visualize complex biological structures by developing 3D images of human organs and tissues. These technologies are also commonly used in training surgeons for laparoscopic, robotic and neurosurgery, among others, accelerating the installation of AR/VR devices in hospitals.
Academic institutions are increasing the use of AR/VR technologies in medical student training
The value of augmented and virtual reality in the healthcare industry from academic institutions was worth more than $687 million in 2022. Various medical schools around the world are implementing AR/VR technologies for education and surgical training purposes. For example, in June 2022, MediSim VR set up an automated VR lab at the Puducherry Institute of Medical Sciences to train students in performing complicated surgeries. Adoption of these modalities also provides students with effective training to improve their surgical skills. These factors, in turn, will encourage academic institutions to opt for virtual reality-based augmented health technologies.
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Healthcare AR/VR investments drive product development in North America
North America region accounted for more than 40.5% share of augmented and virtual reality in healthcare market in 2022. Growing investment in healthcare AR/VR products and tools, along with technological improvements and other supportive government initiatives, will increase the adoption of AR/VR in healthcare. Also, the strong presence of major industry players in the region enables consistent technological innovation. The growing need for advanced technologies to facilitate effective disease diagnosis and treatment will thus support the development of AR/VR-based healthcare solutions in North America.
Regulatory certification of innovative AR/VR products to strengthen market outlook
Some of the major participants in the augmented and virtual the reality of the health care market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and advisory services provider offering syndicated and custom research reports along with growth advisory services. Our business intelligence and industry research reports offer clients insightful insights and actionable market data that are specifically designed and presented to support strategic decision-making. Designed using a proprietary research methodology, these comprehensive reports are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.