Global Augmented and Virtual Reality in Healthcare Market 2019-2023
About Augmented and Virtual Reality in Healthcare
Augmented and virtual reality in healthcare use special software and hardware to create different artificial environments which provide real-life situations to the user.
Technavio’s analysts forecast the global augmented and virtual reality in healthcare market to grow at a CAGR of 28.15% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global augmented and virtual reality in healthcare market for 2019-2023. This market research report offers a comprehensive analysis of the market segmentation by offering (hardware, and software).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Augmented and Virtual Reality in Healthcare Market 2019-2023
Technavio recognizes the following companies as the key players in the global augmented and virtual reality in healthcare market: 3D Systems, Alphabet, Koninklijke Philips, Microsoft, and Orca Health.
Commenting on the report, an analyst from Technavio’s team said: “The advent of Industry 4.0 has led to the integration of advanced technology with manufacturing and industrial processes and has become a key trend driving the growth of the market. Sensors and Internet of Things (IoT) for augmented and virtual reality are increasingly being adopted by the healthcare industry to monitor patients and provide treatment in real time.”
According to the report, one of the major drivers for this market is the growing demand for healthcare services. The healthcare industry is implementing advanced and upgraded technologies to offer better services to the increasing number of patients. Augmented and virtual reality will help and complement the services provided by the healthcare companies.
Further, the report states that one of the major factors hindering the growth of this market is the infrastructural and integration issues across processes in the healthcare industry. The lack of connectivity, and electricity will act as a hurdle to the effective implementation of advanced systems in the healthcare sector, especially in developing countries. The complicated system integration of augmented and virtual reality will also hamper the growth prospects of the market.