Augmented Reality and Virtual Reality in Healthcare Industry Market to grow at 12.2% till 2020

2024-04-22 08:37:22 Health and Fitness

855

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.

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.

Request for Sample Brochure @ http://industryarc.com/pdfdownload.aspx?id=78

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.

Inquiry Before Buying @ http://industryarc.com/inquiry-before-buying.aspx?id=78

Key Players:
Hologic Inc
Artificial LifeInc
Aruba Networks
CAE Healthcare
Eon Reality
Foursquare

About Us:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact:

Mr. Sanjay Matthews
Sales Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)
Company Name: IndustryARC
Connect with us on LinkedIn @ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ http://goo.gl/Ga7fq7