Global ARVR in the Healthcare Industry

ResearchNReports recently released their Global Augmented Reality and Virtual Reality in Healthcare Market report, as was discussed in an article by MedGadget.

Significant points from the report include:

  • The global ARVR in healthcare market is expected to grow at a CAGR of 17.2% in the forecast period
  • Key driving factors for the market are: increasing private funds, emphasis on delivery of efficient healthcare services, and healthcare funds being increasingly spent on emerging tech
  • The use of ARVR in medical training provides an enhanced understanding of anatomy and physiology, and results in less complications and trauma during surgery
  • VR is a great advantage in exposure therapy for helping patients with phobias
  • Health apps that help train doctors and patients also aid fitness management
  • The ARVR healthcare market is restricted by a lack of clear regulatory guidelines for medical use
  • North America is the leading ARVR healthcare market, Europe being the second
  • Key factors contributing to ARVR market growth in North America are: established distribution channels and ease of access to technologies

Key market players in the market mentioned in the report include:

  • Siemens Healthcare
  • Intuitive Surgical Inc.
  • Foursquare Labs, Inc.
  • GE Healthcare
  • Vuzix Corp
  • Simulab Corp
  • Medtronic
  • VirtaMed
  • WorldViz, LLC
  • Oculuc VR, LLC
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