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Premium Report Details
Base Year: 2022
Companies covered: 10
Tables & Figures: 222
Countries covered: 14
Pages: 154
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Augmented and Virtual Reality in Healthcare Market
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Augmented and Virtual Reality in Healthcare Market Size
Augmented and Virtual Reality in Healthcare Market size was valued at more than USD 2.5 billion in 2022 and is predicted to register over 21% CAGR during the forecast period of 2023-2032.
Software and emerging technologies such as Artificial Intelligence, Augmented & Virtual Reality, are undergoing continuous advancements, thereby accelerating digital transformation in the healthcare industry. Manufacturers are also taking various steps to develop novel solutions, which has increased the significance of AR/VR in healthcare.
Using AR/VR in healthcare, surgeons and medical personnel can perform complex mock surgeries in the virtual space. Also, virtual reality-based organ models assist surgeons in preparing for complex procedures that require high accuracy. Rapid integration of futuristic technologies in the healthcare sector and the widespread application scope of augmented & virtual reality are further expected to foster industry progress.
One of the key factors asserting a negative impact on global Augmented and Virtual Reality in healthcare industry is the high cost of implementing these technologies. Healthcare AR/VR is a technology-oriented market, and the initial cost of development may vary depending on the advancements in these technologies and desired efficiency of the product.