VR in Healthcare Market to Reach USD 4.9 Million by 2023

Additionally, the use of AR smart glasses is expected to witness a high growth and consequently, provide a boost to augmented reality in the healthcare market.

The surgery application in the augmented reality in healthcare and virtual reality in healthcare market is expected to record the highest CAGR during the forecast period, due to the advantages of AR and VR technology used during the operational procedures, such as allowing surgeons to perform surgeries more efficiently. For instance, during minimally invasive procedures or while locating a tumor within the body, AR and VR healthcare apps can help save lives and treat patients seamlessly.

Geographically, North America led the market in 2016 in terms of market size and revenue generated from the applications in augmented reality in healthcare and virtual reality in healthcare. North America is a major region in the global market for augmented reality in healthcare and virtual reality in healthcare due to being technologically advanced and developed, as well as the presence of several global companies involved in the AR and VR space for healthcare applications in the U.S.

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