The Healthcare Market has seen the
intervention of information and technology for a long time. The use of
Internet, e-mail which once non-existent has seen a dramatic rise over the
years. While speaking about technology, the implementation of Virtual and Augmented
Reality in the Healthcare Market is nothing less than a revolution. These
systems have changed the course of the Healthcare Market. Today, in countries
across the globe, Virtual and Augmented Reality are used in various Healthcare
applications with Radiosurgery, Endoscopy and Neuroscopy to name a few. There
is an aura of excitement and a great deal of expectation from these systems.
Table of contents and insights: http://industryarc.com/Report/78/augmented-reality-and-virtual-reality.html
The success rate for Virtual Reality is close
to 90% in healthcare applications, which is a very promising situation. With
the improvement in 3D technology and digital imaging, the Augmented Reality and
Virtual Reality are used to perform difficult operations with relative ease.
The concept of Minimally Invasive Therapy has become an important part of
modern Healthcare which would not have been possible without the use of Virtual
and Augmented Reality. The Healthcare market is going through a strong
transition phase and these systems are acting as wheels in taking it forward.
Market
Outlook:
According to a report by IndustryARC, the
Augmented Reality and Virtual Reality in Healthcare Industry Market generated
revenue worth $1.2 Billion in 2014 and are estimated to grow at CAGR of 12.2%
during the forecast period of 2013-2020 to reach $2.54 Billion by 2020.
Currently Dental Stimulators Segment is the Dominant Market among Healthcare
Applications of Virtual Reality Technology. Robotic Surgery Market is expected
to increase in future due to increase in safety, efficacy and rise in minimal
invasive procedures.
The major
driving forces of augmented reality technology and virtual reality are the
advancement and in computer technology and internet connectivity.
Geographical
Analysis:
North
America is the largest market for Augmented Reality and Virtual
Reality followed by Europe. Major factors influencing the growth of this market
in America are the accessibility to technologies and well-established
distribution channels. Technological Advancements further drive the market for
simulation in the U.S. Asian countries are slated to register the highest
growth during the forecast period, primarily due to increasing investments by
major players in the region.
Key Players:
- Hologic Inc
- Artificial LifeInc
- Aruba Networks
- CAE Healthcare
- Eon Reality
- Foursquare
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Chemicals and Materials, Energy and Power, Electronics, Food & Beverages,
Information Technology, Life sciences & Healthcare.
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