DUBLIN--(BUSINESS WIRE)--The "Augmented Reality (AR) In Healthcare Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.
AR in the healthcare market is witnessing a big boost with a high expected CAGR of 33.36% and market value expected to rise from US$621.727 million in 2018 to US$3,497.315 million in 2024
Augmented Reality (AR) and Virtual Reality (VR) technologies are gaining significant traction among healthcare experts owing to their numerous applications that range from assessment of surgical preparation to minimally invasive surgery and rehabilitation. Other applications of augmented reality in healthcare include medical training and pharmacy benefits management. As the population increases, the growing demand for surgical treatment as well as healthcare expenditure among people is boosting the application of augmented reality and virtual reality technologies in the healthcare sector by a significant degree.
Technological advancement in augmented reality and artificial intelligence technologies along with the increasing workload of healthcare professionals and stringent regulatory compliances in laboratory testing are expected to bolster the market forecasts in the upcoming years. Higher adoption of mobile augmented reality technology helps in bridging the gap in the patient-healthcare provider relationship and also helps patients to make better decisions about their health by educating and proving information to them.
Drivers
- Growing expenditure on healthcare by maturing population, especially on surgical treatments
- Investments in AR, VR and AI technologies by industry players as well as government focus on their R&D.
- Mobile AR gaining traction in the B2C healthcare segment
Restraints
- High short-term risk with even some long-term uncertainty in the exact application of AR technology in healthcare
- Presence of tech giants like Google, Microsoft, and others makes entry difficult for tech start-ups
Recent Developments
- Apple secured its AR market leadership as it unveiled ARKit 2.0 at WWDC 2018 placing mobile AR in the same line with headset based AR.
- Medsights Tech developed a complex image reconstructing technology to empower surgeons with x-ray views - without any radiation exposure in real time
Key Topics Covered:
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. AUGMENTED REALITY IN GLOBAL HEALTHCARE MARKET BY COMPONENT
5.1. Hardware
5.1.1. Sensors
5.1.2. Displays and projectors
5.1.3. Position trackers
5.1.4. Cameras
5.1.5. Others
5.2. Software
5.3. Others
6. AUGMENTED REALITY IN GLOBAL HEALTHCARE MARKET BY DEVICE TYPE
6.1. Head-mounted displays
6.2. Handheld devices
6.3. Others
7. AUGMENTED REALITY IN GLOBAL HEALTHCARE MARKET BY APPLICATION
7.1. Medical Training and Education
7.2. Health Management
7.3. Surgical Treatment and Rehabilitation
7.4. Others
8. AUGMENTED REALITY IN GLOBAL HEALTHCARE MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Others
8.4. Middle East and Africa
8.4.1. Israel
8.4.2. UAE
8.4.3. Saudi Arabia
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. South Korea
8.5.3. Japan
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Bench-marking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
7.1 Google LLC.
7.2 Microsoft Corporation
7.3 Oculus VR
7.4 Philips Healthcare
7.5 Medsights Tech Corp.
7.6 VirtaMed
7.7 Siemens Healthineers
7.8 Fundamental VR
7.9 Mindmaze
7.10 Wikitude GmbH
7.11 Medical Realities
7.12 Surgical Theatre, LL
For more information about this report visit https://www.researchandmarkets.com/r/ab3lsb
