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Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — Market experts and latest studies anticipate that the global Augmented Reality and Virtual Reality products and services market revenue may reach $80.60 billion by 2029 and grow at an annualized rate of 31.7% through the forecast period 2022-2029.
Rising interest in augmented and virtual reality devices and applications in healthcare is driving market growth. Augmented reality and virtual reality participates a vital role in the healthcare industry. Augmented and virtual reality can be used to provide surgeons with a virtual view of a patient’s body parts to help assess the patient’s condition. This helps surgeons perform minimally invasive surgery. The healthcare industry is expected to benefit from the use of augmented reality modeling and 3D visualization. The expansion of the augmented reality and virtual reality market in this sector is due to the use of augmented reality and virtual reality to improve fitness, teach medical students complex subjects, train doctors, manage pharmacies and subsequently care for patients, and is promoted by supporting hospital discharge.
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The AR and VR Products and Services report profiles the following companies, which includes
- Gaming
- Entertainment & Media
- Aerospace & Defence
- Healthcare
- Education
- Manufacturing
- Retail
Increased preference for advanced devices in medical education, patient care management, and education; increased use in online shopping, retail, and e-commerce; increased investment by tech giants in adopting augmented and virtual reality. The rise of digital information display applications is expected to drive the growth of the augmented reality and virtual reality product and services market for the retail industry. The factors driving the growth of the market are the increasing application of augmented reality in healthcare, the increasing application of…
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