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Pulished Date August, 2021
ID: 12021
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Middle East & Africa AR & VR in Healthcare Market Research Report – Segmented By Component, Technology & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)- Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 12021
Pages: 100

MEA AR & VR in Healthcare Market Size (2021 to 2026)

The Middle East and Africa Augmented Reality (AR) and Virtual Reality (VR) market in the healthcare market is estimated to showcase a healthy CAGR from 2021 to 2026.

Many of the current trends in healthcare are driving the use of VR / AR technologies. Many of these trends come from both the patient and the physician, such as the increasing use of technology, the growing popularity of health and wellness and big data, and treating patients with personalized care and preventive care. Macro economically, the aging population, the rise of chronic diseases, and emerging markets are some of the key drivers accelerating the market growth.

The market is primarily driven by surgical simulation, diagnostic imaging, patient care management, rehabilitation, and health management applications. In addition, the increase in the number of startups has caused an increase in demand for investments to fund the growth of AR and VR technologies, so the market will experience an increase in private investments from various investors, which is expected to drive the growth of the MEA AR and VR in the healthcare market.

The increase in the number of startups has resulted in increased demand for investments to finance AR and VR technologies. The market is seeing increased private investment from various investors, which is expected to stimulate growth further. For example, MindMaze, a Swiss-based startup, is a well-funded company that has raised $ 150 million from the Hinduja Group to develop virtual reality hardware and software. In addition, increased government funding and support initiatives are expected to stimulate growth. Increased efforts to improve the training experience of surgeons will benefit the market growth in the near future. The increase in private investment from various investors creates several opportunities in the MEA AR and VR healthcare market.

One of the major limiting factors in the MEA AR and VR healthcare market is the inexperience of physicians in adopting new technologies.

Impact of COVID-19 on the MEA AR & VR in Healthcare Market:

Since the arrival of COVID-19, more people have sought physical and psychological medical help, as hospitals seek to compensate for staff shortages and restrictions on movement. Augmented reality in healthcare has emerged as a viable solution to both of these issues. As a growing number of healthcare facilities turn to augmented reality development companies to create personalized AR solutions, the MEA AR & VR in the healthcare market is expected to generate positive growth.

This research report on the MEA AR & VR in the healthcare market has been segmented and sub-segmented into the following categories.

By Component:

  • Hardware
  • Software
  • Services

By Technology:

  • Augmented Reality
    • Surgical Application
    • Rehabilitation
    • Training & Medical Education
  • Virtual Reality
    • Simulation
    • Diagnostics
    • Virtual Reality Exposure Therapy (VRET)
    • Rehabilitation
    • Pain Distraction

By Country:

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

In the MEA market, the Middle East had the highest market share in 2020. This is due to the presence of many health centers, adequate insurance facilities, investments in healthcare, and more research and development facilities are the main reasons for the growth of this market. For instance, in 2020, a collaboration agreement was done by the gulf development organization and Ascent for the healthcare development and management programs.

UAE and Saudi Arabia are expected to continue to dominate, despite slight growth in the MEA market and a significant decline in the African market.

The increasing use of virtual reality in healthcare for the treatment of various disorders, pain management, and specific types of phobia is driving the adoption rate among healthcare providers based in emerging economies. Besides, the entry of various AR & VR startups is another important reason for boosting the market of developed regions such as Qatar and UAE. The Middle East and Africa are still at a nascent stage of developing these technologies due to a lack of awareness and low adoption by the population. Countries like Israel and UAE are experiencing an increase in spending on healthcare and the quality of healthcare services, which is expected to drive the market growth in the region during the forecast period.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the MEA AR & VR in healthcare market profiled in this report are Google, DAQRI, Microsoft, AppliedVR, Mindmaze, Oculus VR, HTC Corporation, Firsthand Technology, Psious, Atheer, Medical Realities, Hologic, Inc, Augmedix, 3D Systems, Alphabet, Inc, SAMSUNG, Orca Health LLC, and CAE HEALTHCARE.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. AR & VR in Healthcare Market, By Component
      1. Hardware
      2. Software
      3. Services
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. AR & VR in Healthcare Market, By Technology
      1. Augmented Reality
        1. Surgical Application
        2. Rehabilitation
        3. Training & Medical Education
      2. Virtual Reality
        1. Simulation
        2. Diagnostics
        3. Virtual Reality Exposure Therapy (VRET)
        4. Rehabilitation
        5. Pain Distraction
        6. Market Size Estimations & Forecasts (2021-2026)                               
      3. Y-o-Y Growth Rate Analysis                                         
      4. Market Attractiveness Index        
  7. Geographical Landscape                                                                  
    1. AR & VR in Healthcare Market, by Region                                            
    2. MEA
      1. Middle East
      2. Africa
  8. Key Player Analysis                                                             
    1. Google
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. DAQRI
    3. Microsoft
    4. Mindmaze
    5. Oculus VR
    6. HTC Corporation
    7. Firsthand Technology
    8. Psious
    9. Atheer
    10. Medical Realities
    11. Hologic, Inc.
    12. Augmedix
    13. 3D Systems
    14. Alphabet, Inc.
    15. SAMSUNG
    16. Orca Health LLC
    17. CAE HEALTHCARE
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of component and technology along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Middle East and Africa AR & VR in Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  2. Middle East and Africa Hardware Market, By Region, From 2021 to 2026 (USD Million)
  3. Middle East and Africa Software Market, By Region, From 2021 to 2026 (USD Million)
  4. Middle East and Africa Services Market, By Region, From 2021 to 2026 (USD Million)
  5. Middle East and Africa AR & VR in Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  6. Middle East and Africa Augmented Reality Market, By Region, From 2021 to 2026 (USD Million)
  7. Middle East and Africa Virtual Reality Market, By Region, From 2021 to 2026 (USD Million)
  8. Middle East AR & VR in Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  9. Middle East AR & VR in Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  10. Africa AR & VR in Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  11. Africa AR & VR in Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  12. Middle East and Africa AR & VR in Healthcare Market, By Augmented Reality, From 2021 to 2026 (USD Million)
  13. Middle East and Africa Surgical Application Market, By Region, From 2021 to 2026 (USD Million)
  14. Middle East and Africa Rehabilitation Market, By Region, From 2021 to 2026 (USD Million)
  15. Middle East and Africa Training & Medical Education Market, By Region, From 2021 to 2026 (USD Million)
  16. Middle East AR & VR in Healthcare Market, By Augmented Reality, From 2021 to 2026 (USD Million)
  17. Africa AR & VR in Healthcare Market, By Augmented Reality, From 2021 to 2026 (USD Million)
  18. Middle East and Africa AR & VR in Healthcare Market, By Virtual Reality, From 2021 to 2026 (USD Million)
  19. Middle East and Africa Simulation Market, By Region, From 2021 to 2026 (USD Million)
  20. Middle East and Africa Diagnostics Market, By Region, From 2021 to 2026 (USD Million)
  21. Middle East and Africa Virtual Reality Exposure Therapy (VRET) Market, By Region, From 2021 to 2026 (USD Million)
  22. Middle East and Africa Rehabilitation Market, By Region, From 2021 to 2026 (USD Million)
  23. Middle East and Africa Pain Distraction Market, By Region, From 2021 to 2026 (USD Million)
  24. Middle East AR & VR in Healthcare Market, By Virtual Reality, From 2021 to 2026 (USD Million)
  25. Africa AR & VR in Healthcare Market, By Virtual Reality, From 2021 to 2026 (USD Million)

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