According to a new report, published by KBV research, The Global Augmented Reality And Virtual Reality In Healthcare Market size is expected to reach $14.12 billion by 2031, rising at a market growth of 18.1% CAGR during the forecast period.
Innovative partnerships between tech giants and healthcare providers are also reshaping patient care. Collaborative projects have led to the development of AR-guided surgical systems, such as those using Microsoft’s HoloLens, which provide surgeons with real-time 3D visualizations during complex procedures like spinal surgeries and cardiac interventions.
The Augmented Reality segment led the maximum revenue in the Global Augmented Reality And Virtual Reality In Healthcare Market by Technology Type in 2023, thereby, achieving a market value of $8.3 billion by 2031. The augmented reality (AR) segment is driven by its ability to enhance real-world clinical scenarios by overlaying digital information onto a physical environment. This technology facilitates precise surgical planning, real-time diagnostics, and effective patient education by allowing healthcare providers to visualize critical patient data in context.
The Hardware segment is growing at a CAGR of 17.7 % during the forecast period. The hardware segment is primarily driven by rapid technological advancements and an escalating demand for high-performance devices that deliver immersive and realistic experiences. The continuous evolution of high-resolution headsets, precision sensors, and advanced display systems is crucial for surgical simulations, remote diagnostics, and patient rehabilitation.
Full Report: https://www.kbvresearch.com/augmented-reality-and-virtual-reality-in-healthcare-market/
The North America region dominated the Global Augmented Reality And Virtual Reality In Healthcare Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 17.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.8% during (2024 - 2031).
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