Augmented Reality & Virtual Reality In Healthcare Market To Grow Over $780M In 2018m
The Global Augmented Reality & Virtual Reality in Healthcare market shows great potential for growth in the future, growing in line with several emerging trends. One such trend is the increase in strategic partnerships in an effort to introduce or diversify the product portfolio, expanding the provision of healthcare and training services beyond traditional medical devices. Another trend is advancements in AR & VR technology, expanding its use beyond entertainment devices and proof of concept into the global pharmaceutical market
LONDON, UK. 5 February 2018: Visiongain has launched its new Augmented Reality & Virtual Reality pharmacy report in Healthcare Market Forecast 2018-2028: Forecast by Component (Hardware, Software), Hardware (Head Mounted Display, Head Display, Glasses, Console, Others), Technology (Augmented Reality, Virtual Reality), AR Applications (Surgery, Rehabilitation, Medical Training & Education), VR Applications (Rehabilitation, Simulation, Diagnostics, Pain Disorders) and Geography, with a Leading Company Profile in AR & VR in the Market Health
Virtual and Augmented reality are a suite of hardware, software and service components that enable end users to visualize and experience virtual environments in real-time. Virtual reality (VR) is a computer-generated simulation or recreation of a real-life environment or situation. It immerses the user by making them feel like they are experiencing a simulated reality firsthand, especially by stimulating their sight and hearing. The main components of Virtual Reality include hardware, software and services to provide a virtual environment of real or imaginary subjects and further interact with them.
Augmented reality (AR) is a technology that overlays computer-generated enhancements on top of existing reality to make it more meaningful through the ability to interact with it. AR is developed into apps and used on mobile devices to blend digital components into the real world in such a way that they complement each other, but can also be easily distinguished. In other words, AR includes hardware, software, and services to overlay the real world around it with subjects generated through computer-generated images. Augmented reality and virtual reality are inverse reflections of each other with what each technology wants to achieve and provide to the user. Virtual reality offers a digital recreation of real-life settings,
The lead analyst for the report said:
“This study provides an ecosystem analysis to identify various industry players and their roles in the ecosystem. It also includes an analysis of Porter’s five forces, which determine the level of competition in the market by analyzing the bargaining power of buyers and suppliers, as well as the threat of new entrants and substitutes. The market attractiveness tool has been used to analyze the attractiveness of the application segment under consideration.”
The global market is highly competitive with many different players entering the market. The report discusses the products of the leading companies in the market. Leading companies in the Augmented Reality & Virtual Reality market in Healthcare include CAE Healthcare, WorldViz, TheraSim, Inc., GE Healthcare., EON Reality, Intuitive Surgical, Inc., Hologic, Inc., SCREEN BV and Siemens Healthineers.