- Jul 21, 2022
Infographic Content
The international virtual reality and augmented reality market in healthcare are expected to grow at a rate of 27.2% from 2021-2028. Rising healthcare costs and the need for innovations have boosted the growth of AR and VR in the medical industry. These technologies are increasing in number to improve patient care and treatment strategies.
Augmented Reality and Virtual Reality in Healthcare Market Size
- The market size for AR and VR in healthcare will be worth $9.5 billion by 2028
- These technologies are becoming popular in hospitals, research centers, and simulation labs
- The rising demand for the technologies has encouraged venture capitalists to invest more
- Osso VR received funding of 14.0 million to develop surgical device training modules
- AR and VR have helped doctors treat chronic pain and ailments like Alzheimer’s
Augmented and Virtual Reality in Healthcare Market: Hardware
- The AR and VR hardware segment seems promising, with a market revenue share of over 67%.
- Smart glasses, 3D sensors, and virtual headsets are the most popular devices for patients and doctors
- Head mounted devices are popularly used for medical training and diagnostics
- AR and VR hardware will witness more adoption for improving surgical processes, telemonitoring, and treatment
- The technology helps doctors work together and conduct video conferences conveniently
Augmented and Virtual Reality in Healthcare Market: Software
- The software market for AR and VR in healthcare is popular for offering simulations needed for diagnostics and education
- Around 82% of medical professionals prefer VR software to access and teach facts
- More than 62 % of patients are comfortable with virtual reality technology instead of traditional medicine
- Applications like EyeDecide examine various parameters to detect eye complications
- Applied VR supports the patient by helping them overcome anxiety during surgery
- Modern AR/VR apps help surgeons conduct surgery accurately
Augmented and Virtual Reality in Healthcare Market: Services
- Accessibility to the internet and technological advancements have boosted the growth of AR/VR services
- The interconnectivity has also enabled patients to access these AR/VR apps or hardware easily
- There is a huge demand for services like telemonitoring, patient management, neurological rehabilitation, and cognitive rehabilitation
- The technological services make the diagnostic process simpler for doctors and patients
- That’s why there are over 57.4 million VR users in the United States
- The AR service users might go up to 95.1 million by 2022
