30.44% CAGR in Augmented And Virtual Reality in Healthcare Market | 3D Systems Corp. and AccuVein Inc. Among Key Vendors | Technavio – KPVI News 6

NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Some of the primary growth drivers for the augmented and virtual reality in healthcare market are the growing demand for healthcare services, improved quality of products and services in healthcare, and advantages of augmented and virtual reality in healthcare, according to a senior analyst at Technavio.

The rise in the aging population and the increase in disposable incomes globally are expected to lead to an increase in the adoption of and access to modern healthcare services during the forecast period. There is a dire need for healthcare services and personnel to deal with the rising number of patients effectively. This has led to the advent of mobile applications and systems that deploy augmented and virtual reality in the healthcare industry. The shortage of skilled personnel in the healthcare industry is encouraging the implementation of advanced and upgraded technologies. The growing demand for healthcare services will result in an increase in the adoption of augmented and virtual reality solutions in healthcare. This will help in reducing human effort, achieve operational efficiencies, and improve the overall quality of services.

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The size of the augmented and virtual reality in healthcare market is expected to grow by USD 4.49 bnfrom 2020 to 2025. The year-over-year growth rate of the market in 2021 is 23.39%.

Market Segment Highlights

Regional Analysis

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Augmented And Virtual Reality In Healthcare Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 30.44%

Market growth 2021-2025

USD 4.49 billion

Market structure

Fragmented

YoY growth (%)

23.39

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 34%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3D Systems Corp., AccuVein Inc., General Electric Co., Intuitive Surgical Inc., Koninklijke Philips NV, Microsoft Corp., Orca Health Inc., Siemens Healthineers AG, Wipro Ltd., and WorldViz Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuson emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: http://www.technavio.com/

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SOURCE Technavio

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30.44% CAGR in Augmented And Virtual Reality in Healthcare Market | 3D Systems Corp. and AccuVein Inc. Among Key Vendors | Technavio - KPVI News 6