Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Market to Reach $11.14 Billion by 2025

Based on the market intelligence report by BIS Research, “Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare - Analysis and Forecast, 2019-2025”, the global AR and VR in healthcare market was valued at $1.08 billion in 2018, and is expected to reach $11.14 billion by 2025. The market is projected to witness a CAGR of 39.52%, during the forecast period from 2019 and 2025.  

The growth of the market can be attributed to the growing requirement for AR-based surgeries. The increasing application for enhanced patient experience, therapeutics, training of medical students, and advanced medical procedures is further expected to boost the growth of the AR and VR market in the healthcare industry.

With the use of AR gathering and presentation of data in 3D format is made easy. For instance, the anatomical data of a human body is stored digitally (in a hardware or memory card), and aids in presenting the data in 3D view. Also, it is quite easy to use AR applications as they are compatible across platforms, such as Android, iOS and Windows.

Highlights of the report:

• With innovations in AR and VR, and in the application of these technologies in healthcare market, the chance of surgical error reduces significantly.
• Virtual reality exposure therapy (VERT) is one of the new-age technologies where VR can be applied to exposure therapy, one of the most prominent therapeutics for treating mental illness such as anxiety disorders and for treating remotely-located patients.
• VR technology has also been found useful in detecting a patient’s level of comfort before surgery, which could be helpful during the surgical process.

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