2018-2023 Global Augmented and Virtual Reality in Healthcare Market Report (Status and Outlook)

  • Publish Date: Oct, 2018
  • Report ID: 348232
  • Category: Technology
  • Pages: 130
$4,660

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Augmented and Virtual Reality in Healthcare market for 2018-2023.

Augmented Reality (AR) is an interactive experience of a real-world environment whereby the objects that reside in the real-world are \"augmented\" by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory, and olfactory. Virtual reality (VR) is an interactive computer-generated experience taking place within a simulated environment, that incorporates mainly auditory and visual, but also other types of sensory feedback like haptic.

The increasing penetration of connected devices in the healthcare sector, increased investment in the AR and VR healthcare, and the growing need to reduce the healthcare cost are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market.

Over the next five years, LPI(LP Information) projects that Augmented and Virtual Reality in Healthcare will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Augmented and Virtual Reality in Healthcare market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

Augmented Reality in Healthcare Market

Virtual Reality in Healthcare Market

Segmentation by application:

Hospitals, Clinics, and Surgical Centers

Research Organizations and Pharma Companies

Research and Diagnostics Laboratories

Government and Defense Institutions

We can also provide the customized separate regional or country-level reports, for the following regions:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

Google

Microsoft

DAQRI

Psious

Mindmaze

Firsthand Technology

Medical Realities

Atheer

Augmedix

Oculus

CAE Healthcare

Philips

3D Systems

VirtaMed

HTC

Siemens

Virtually Better

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Augmented and Virtual Reality in Healthcare market size by key regions/countries, product type and application.

To understand the structure of Augmented and Virtual Reality in Healthcare market by identifying its various subsegments.

Focuses on the key global Augmented and Virtual Reality in Healthcare players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Augmented and Virtual Reality in Healthcare with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Augmented and Virtual Reality in Healthcare submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

2018-2023 Global Augmented and Virtual Reality in Healthcare Market Report (Status and Outlook)

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Augmented and Virtual Reality in Healthcare Market Size 2018-2023

2.1.2 Augmented and Virtual Reality in Healthcare Market Size CAGR by Region

2.2 Augmented and Virtual Reality in Healthcare Segment by Type

2.2.1 Augmented Reality in Healthcare Market

2.2.2 Virtual Reality in Healthcare Market

2.3 Augmented and Virtual Reality in Healthcare Market Size by Type

2.3.1 Global Augmented and Virtual Reality in Healthcare Market Size Market Share by Type (2018-2023)

2.3.2 Global Augmented and Virtual Reality in Healthcare Market Size Growth Rate by Type (2018-2023)

2.4 Augmented and Virtual Reality in Healthcare Segment by Application

2.4.1 Hospitals, Clinics, and Surgical Centers

2.4.2 Research Organizations and Pharma Companies

2.4.3 Research and Diagnostics Laboratories

2.4.4 Government and Defense Institutions

2.5 Augmented and Virtual Reality in Healthcare Market Size by Application

2.5.1 Global Augmented and Virtual Reality in Healthcare Market Size Market Share by Application (2018-2023)

2.5.2 Global Augmented and Virtual Reality in Healthcare Market Size Growth Rate by Application (2018-2023)

3 Augmented and Virtual Reality in Healthcare Key Players

3.1 Date of Key Players Enter into Augmented and Virtual Reality in Healthcare

3.2 Key Players Augmented and Virtual Reality in Healthcare Product Offered

3.3 Key Players Augmented and Virtual Reality in Healthcare Funding/Investment Analysis

3.4 Funding/Investment

3.4.1 Funding/Investment by Regions

3.4.2 Funding/Investment by End Industry

3.5 Key Players Augmented and Virtual Reality in Healthcare Valuation & Market Capitalization

3.6 Key Players Mergers & Acquisitions, Expansion Plans

3.7 Market Ranking

3.8 New Product/Technology Launches

3.9 Partnerships, Agreements, and Collaborations

3.10 Mergers and Acquisitions

4 Augmented and Virtual Reality in Healthcare by Regions

4.1 Augmented and Virtual Reality in Healthcare Market Size by Regions

4.2 Americas Augmented and Virtual Reality in Healthcare Market Size Growth

4.3 APAC Augmented and Virtual Reality in Healthcare Market Size Growth

4.4 Europe Augmented and Virtual Reality in Healthcare Market Size Growth

5 Americas

5.1 Americas Augmented and Virtual Reality in Healthcare Market Size by Countries

5.2 Americas Augmented and Virtual Reality in Healthcare Market Size by Type

5.3 Americas Augmented and Virtual Reality in Healthcare Market Size by Application

5.4 United States

5.5 Canada

5.6 Mexico

5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Augmented and Virtual Reality in Healthcare Market Size by Countries

6.2 APAC Augmented and Virtual Reality in Healthcare Market Size by Type

6.3 APAC Augmented and Virtual Reality in Healthcare Market Size by Application

6.4 China

6.5 Japan

6.6 Korea

6.7 Southeast Asia

6.8 India

6.9 Australia

6.10 Key Economic Indicators of Few APAC Countries

7 Europe

7.1 Europe Augmented and Virtual Reality in Healthcare by Countries

7.2 Europe Augmented and Virtual Reality in Healthcare Market Size by Type

7.3 Europe Augmented and Virtual Reality in Healthcare Market Size by Application

7.4 Germany

7.5 France

7.6 UK

7.7 Italy

7.8 Russia

7.9 Key Economic Indicators of Few Europe Countries

8 Market Drivers, Challenges and Trends

8.1 Market Drivers and Impact

8.1.1 Growing Demand from Key Regions

8.1.2 Growing Demand from Key Applications and Potential Industries

8.2 Market Challenges and Impact

8.3 Market Trends

8.4 Market Ecosystem and Roles

9 Key Investors in Augmented and Virtual Reality in Healthcare

9.1 Company A

9.1.1 Company A Company Details

9.1.2 Company Description

9.1.3 Companies Invested by Company A

9.1.4 Company A Key Development and Market Layout

9.2 Company B

9.2.1 Company B Company Details

9.2.2 Company Description

9.2.3 Companies Invested by Company B

9.2.4 Company B Key Development and Market Layout

9.3 Company C

9.3.1 Company C Company Details

9.3.2 Company Description

9.3.3 Companies Invested by Company C

9.3.4 Company C Key Development and Market Layout

9.4 Company D

9.4.1 Company D Company Details

9.4.2 Company Description

9.4.3 Companies Invested by Company D

9.4.4 Company D Key Development and Market Layout

10 Key Players Analysis

10.1 Google

10.1.1 Company Details

10.1.2 Augmented and Virtual Reality in Healthcare Product Offered

10.1.3 Google Augmented and Virtual Reality in Healthcare Market Size

10.1.4 Main Business Overview

10.1.5 Google News

10.2 Microsoft

10.2.1 Company Details

10.2.2 Augmented and Virtual Reality in Healthcare Product Offered

10.2.3 Microsoft Augmented and Virtual Reality in Healthcare Market Size

10.2.4 Main Business Overview

10.2.5 Microsoft News

10.3 DAQRI

10.3.1 Company Details

10.3.2 Augmented and Virtual Reality in Healthcare Product Offered

10.3.3 DAQRI Augmented and Virtual Reality in Healthcare Market Size

10.3.4 Main Business Overview

10.3.5 DAQRI News

10.4 Psious

10.4.1 Company Details

10.4.2 Augmented and Virtual Reality in Healthcare Product Offered

10.4.3 Psious Augmented and Virtual Reality in Healthcare Market Size

10.4.4 Main Business Overview

10.4.5 Psious News

10.5 Mindmaze

10.5.1 Company Details

10.5.2 Augmented and Virtual Reality in Healthcare Product Offered

10.5.3 Mindmaze Augmented and Virtual Reality in Healthcare Market Size

10.5.4 Main Business Overview

10.5.5 Mindmaze News

10.6 Firsthand Technology

10.6.1 Company Details

10.6.2 Augmented and Virtual Reality in Healthcare Product Offered

10.6.3 Firsthand Technology Augmented and Virtual Reality in Healthcare Market Size

10.6.4 Main Business Overview

10.6.5 Firsthand Technology News

10.7 Medical Realities

10.7.1 Company Details

10.7.2 Augmented and Virtual Reality in Healthcare Product Offered

10.7.3 Medical Realities Augmented and Virtual Reality in Healthcare Market Size

10.7.4 Main Business Overview

10.7.5 Medical Realities News

10.8 Atheer

10.8.1 Company Details

10.8.2 Augmented and Virtual Reality in Healthcare Product Offered

10.8.3 Atheer Augmented and Virtual Reality in Healthcare Market Size

10.8.4 Main Business Overview

10.8.5 Atheer News

10.9 Augmedix

10.9.1 Company Details

10.9.2 Augmented and Virtual Reality in Healthcare Product Offered

10.9.3 Augmedix Augmented and Virtual Reality in Healthcare Market Size

10.9.4 Main Business Overview

10.9.5 Augmedix News

10.10 Oculus

10.10.1 Company Details

10.10.2 Augmented and Virtual Reality in Healthcare Product Offered

10.10.3 Oculus Augmented and Virtual Reality in Healthcare Market Size

10.10.4 Main Business Overview

10.10.5 Oculus News

10.11 CAE Healthcare

10.12 Philips

10.13 3D Systems

10.14 VirtaMed

10.15 HTC

10.16 Siemens

10.17 Virtually Better

11 Research Findings and Conclusion


1

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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