Global AR VR in Healthcare Market Ecosystem By Raw Material; By Components; By Product, Parts & Devices; By Services & Solutions; By Application (3D modelling/ Design, Training, Others); By Region

The ever-growing healthcare industry is currently at the cusp of a revolution due to the introduction and integration of various technologies such as AI, IoT, and AR VR, among others. The AR VR in healthcare market ecosystem is particularly bringing about changes in the functioning of doctors and also in the treatment patterns. The AR VR in healthcare ecosystem is expected to grow at a CAGR of around 42.1%. The growth of AR VR in healthcare market is mainly driven by the increasing penetration of connected devices in healthcare and increasing investments in AR VR for healthcare.

The growing need for cutting-edge technology for the development of novel diagnostics and treatment is driving the need for the integration of AR VR in Healthcare market. Bringing down costs is one of the most important concerns for healthcare providers and payers worldwide, which is driving the adoption of AR VR in Healthcare.

In the last few years, there has been an increase in investments in AR VR companies with a focus on the healthcare sector. For instance, Syncthink, a company that has developed a fully integrated VR device for eye-tracking called EYE-SYNC, raised around US$ 3.5 million in Series A funding in January 2018. Another company Meridian raised US$ 2.5 million seed funding in December 2017. The company has a mobile application called AR+. The application allows clinicians to deploy medical content through video, audio, 3D imagery, and training.

Ecosystem Snapshot: AR VR in Healthcare Market Overview


Ecosystem Snapshot AR VR in Healthcare

AR VR in Healthcare Market Ecosystem Segmentation

Raw Material Components Products, Parts, and Devices Services & Solutions Application
Silicon Sensors Head-Up Displays Documentation 3D modeling/ design
GaN Camera Head-Mounted Displays Visualization Training
Glass IMU Smart Glass 3D Modelling Others
SiC Processor Handheld Devices Navigation  
Metals Modules   Workflow Optimization  
Others Graphics (Cards)   Others  
  Audio (ICs)      

Global AR VR in Healthcare Market Ecosystem

The AR VR in Healthcare market was valued at US$ 429.6 million in 2018 and is expected to reach US$ 2,547.6 million by the year 2023, growing at a CAGR of 42.1%. The growth of AR VR in Healthcare ecosystem is mainly driven by increasing investments and the growing need for advanced technologies to improve diagnosis and treatment outcomes and reduce healthcare costs.

One of the most important areas that will be impacted by the integration of AR is surgeries. There has been an increase in the number of minimally invasive surgeries being performed. Minimally invasive surgeries, however, require the surgeons to rely on imaging data which is mostly in 2D format. This may sometimes lead to errors. However, with the use of augmented reality, it is possible to provide surgeons with a better 3D view of the inside and outside of a patient, which can help improve surgical outcomes significantly.

According to a recent report published in the SPINE journal, the use of AR technology demonstrated an accuracy rate of around 85% in pedicle screw placement as compared to 64% with the free-hand technique. Philips healthcare is one of the leading players that is increasingly investing in this technology.

In February 2019, Philips Healthcare unveiled a new mixed reality concept, which is based on its Azurion image-guided therapy platform and Microsoft’s HoloLens 2 holographic computing platform. This platform brings together live imaging and vital data and llllllllllconverts it to a 3D holographic AR environment that helps surgeons in improving outcomes of the surgery.

Market Statistics Glimpse: AR VR in Healthcare EcosystemMarket Statistics Glimpse AR VR in Healthcare

There are many trends that are having an impact on the market forecast. These, when evaluated from a company’s perspective, can drive growth. Our numerous consulting projects have generated sizeable synergies across all regions and all sizes of companies.

The Major Players Operating in the Global AR VR in Healthcare Market Ecosystem are as follows:

Company Ecosystem Positioning Total Revenue-2018 Industry Region
Google Products, Parts, and Devices US$ 136.81 bn AR VR Global
Facebook Products, Parts, and Devices US$ 55.83 bn AR VR Global
Microsoft Corporation Products, Parts, and Devices US$ 110.36 bn AR VR Global
Samsung Electronics Co. Ltd Products, Parts, and Devices US$ 221.6 bn AR VR Global
HTC Corporation Products, Parts, and Devices US$ 0.73 bn AR VR Global

Very few markets have interconnectivity with other markets like AR VR. Our Interconnectivity module focuses on the key nodes of heterogeneous markets in detail. Artificial Intelligence, the Internet of Things, 3D printing, and Medical Imaging markets are some of our key researched markets.

AR VR in Healthcare Market Ecosystem: Major Interconnectivities

AR VR in Healthcare Major Interconnectivities

Global AR VR in Healthcare Market Ecosystem Key Trends:

Trends  Application Impact
Surgeons are increasingly using augmented reality and virtual reality for surgical training, education and planning. The 3D replica of patients’ scans are made that allow them to collaborate and study surgical tactics with their team.  3D modeling/ design 0.97%
Virtual reality and augmented reality are used for training nursing students by providing them a virtual training center with realistic medical equipment and patients.  Training 2.54%
Augmented reality and virtual reality technologies are used to help people with less eye sight issues. The glasses are mounted on their eyes that help them feel the surrounding things.  3D modeling / design 1.12%

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Ecosystem Report – Table of Content

  1. Introduction
    1. Global AR VR in Healthcare Ecosystem Definition
    2. Scope of study 
    3. About FABRIC


  1. Ask for Customization
    1. Sensitivity Analysis
    2. TAM SAM SOM Analysis
    3. Other Customization
  2. Executive Summary
    1. Global Market Segmentation
    2. Global Market Overview
    3. Global Market Statistics
    4. Mega Trends
    5. Competitive Landscape
      1. SWOT
      2. PEST
      3. Company Ranking
    6. Market Attractiveness

Ecosystem Positioning

  1. Global AR VR in Healthcare Ecosystem Snapshot
    1. Global AR VR in Healthcare Ecosystem Broad Heads
      1. Demand Side
      2. Supply Side 
    2. Global AR VR in Healthcare Ecosystem Segmentation
      1. By Raw Material
        1. Silicon
        2. GaN
        3. Glass
        4. Plastic
        5. SiC
        6. Metals
        7. Others
      2. By Components
        1. Sensors
        2. Camera
        3. IMU
        4. Processor
        5. Modules
        6. Graphics (Cards)
        7. Audio ICs
        8. Memory
        9. Display
        10. Others
      3. By Product, Parts & Devices
        1. Head Up Displays
        2. Head Mounted Displays
        3. Smart Glass
        4. Handheld Devices
      4. By Services & Solutions
        1. Documentation
        2. Visualization
        3. 3D Modelling
        4. Navigation
        5. Workflow Optimization
        6. Others
      5. By Application
        1. 3D modelling/ Design
        2. Training
        3. Others
      6. By Region
        1. North America
          1. U.S.
          2. Canada
          3. Mexico
        2. Asia Pacific
          1. China
          2. Japan
          3. India
          4. Australia
          5. South Korea
          6. Rest of APAC
        3. Europe
          1. UK
          2. France
          3. Germany
          4. Italy
          5. Spain
          6. Rest of Europe
        4. Rest of world
          1. LATAM
          2. MEA     
  2. Competitive Landscape Mapping by Ecosystem Positioning
    1. Company by each node
    2. Vendor Landscaping
  3. Ecosystem Level Analysis

Trend Analysis

  1. Global AR VR in Healthcare Ecosystem Trends
    1. Trend Mapping
      1. Trend Description
      2. Trend Evaluation
        1. Impact
        2. Importance
        3. Remarks
      3. Trend Outlook (Short, Mid, Long Term)
      4. Trend Company Mapping
      5. Related Global AR VR in Healthcare Ecosystem Mapping
      6. Trend Region/Country Mapping

Global AR VR in Healthcare Market Ecosystem Regulatory Analysis

  1. Overview
    1. Regulatory Mapping
    2. Regulatory Impact
    3. Regulatory Interlinkage

Global AR VR in Healthcare Market Ecosystem Sizing, Volume and ASP Analysis & Forecast

  1. Global AR VR in Healthcare Ecosystem Sizing & Volume
    1. Cross-segmentation
    2. Global AR VR in Healthcare Ecosystem Sizing and Global AR VR in Healthcare Ecosystem Forecast
    3. Global AR VR in Healthcare Ecosystem Volume Analysis
    4. Average Selling Price Analysis
    5. Global AR VR in Healthcare Ecosystem Growth Analysis

Competitive Intelligence

  1. Competitive Intelligence
    1. Top Industry Players vs Trend Tagging
      1. Importance
      2. Trend Nature (Positive/ Negative)
      3. Value
      4. Interconnectivity for each vendor
    2. Global AR VR in Healthcare Ecosystem Share Analysis
      1. By Each Node
    3. Strategies Adopted by Global AR VR in Healthcare Ecosystem participants
      1. Global AR VR in Healthcare Ecosystem Strategies
      2. New product launch Strategies
      3. Geographic Expansion Strategies
      4. Product-line Expansion Strategies
      5. Operational / Efficiency building Strategies
      6. Other Strategies

Company Profiles

  1. Company Profiling Summary
    1. Company List & Fundamentals
    2. Ecosystem Positioning
  2. Company Profiles - including the:
    1. Microsoft
      1. Company Fundamentals
      2. Subsidiaries list
      3. Share Holding Pattern
      4. Key Employees and Board of Directors
      5. Financial Analysis
        1. Financial Summary
        2. Ratio Analysis
        3. Valuation Metrics
      6. Product & Services
      7. Client & Strategies
      8. Ecosystem Presence
      9. SWOT
      10. Trends Mapping
      11. Analyst Views
    2. Samsung Electronics Co. Ltd
    3. DAQRI LLC
    4. Google
    5. Facebook
    6. Magic Leap Inc
    7. Immersive Touch Inc
    8. HTC Corporation
    9. Osso VR
    10. AppliedVR
    11. VRHealth
    12. XRHealth
    13. VIVID
    14. Apple
    15. SentiAR
    16. Atheer
    17. Augmedix
    18. Fundamental VR
    19. Brain Power

Global AR VR in Healthcare Market Ecosystem Developments

  1. Global AR VR in Healthcare Ecosystem Events & Rationale
    1. R&D, Technology and Innovation
    2. Business & Corporate advancements
    3. M&A, JVs/Partnerships
    4. Political, Macro-economic, Regulatory
    5. Awards & Recognition
    6. Others

Research Methodology & Approach

  1. Research Methodology and Approach
    1. Assumptions/ Inferences
    2. Sources
      1. Primary Interviews
      2. Secondary Sources
        1. Key Secondary Webpages
        2. Whitepapers
        3. Annual Reports
        4. Investor/Analyst Presentations
    3. Appendix
    4. Contact

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