Global Augmented and Virtual Reality in Healthcare Market to Reach $27.4 Billion by 2030
The global market for Augmented and Virtual Reality in Healthcare estimated at US$6.1 Billion in the year 2023, is expected to reach US$27.4 Billion by 2030, growing at a CAGR of 23.9% over the analysis period 2023-2030. AR and VR Hardware, one of the segments analyzed in the report, is expected to record a 23% CAGR and reach US$17.4 Billion by the end of the analysis period. Growth in the AR and VR Software segment is estimated at 25.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 23.2% CAGR
The Augmented and Virtual Reality in Healthcare market in the U.S. is estimated at US$2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 23.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21% and 19.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.
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