Apple Vision Pro and an ASX 200 healthcare share hitting all-time highs

This healthcare company has launched a 'groundbreaking' offering on Apple's new device.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Pro Medicus Limited (ASX: PME) shares have continued their positive run on Monday despite the market weakness.

In morning trade, the ASX 200 healthcare share has climbed over 3% to hit an all-time high of $108.67.

Apple CEO Tim Cook

Image source: Apple

Why is this ASX 200 healthcare share charging higher?

Investors have been buying the company's shares after it announced the launch of the "groundbreaking" Visage Ease VP for the new Apple Inc (NASDAQ: AAPL) product, the Apple Vision Pro.

Apple Vision Pro is the tech behemoth's newly released spatial computer that blends digital content and apps into your physical space. It lets users navigate using their eyes, hands, and voice.

According to the release, Visage Ease VP has been designed to take advantage of the unique capabilities of Apple Vision Pro. It supports immersive, spatial experiences for diagnostic imaging and multimedia.

The company notes that Visage Ease VP includes all the proven functionality of Visage Ease, plus the exciting addition of Visage's powerful cinematic rendering engine for stunning volume-rendered images in immersive space.

In addition, anywhere, on-the-go access with Visage Ease VP has additional flexibility with virtual screens at more than 4K resolution for each eye, independence from environmental lighting restrictions, and the ability to interact with imaging seamlessly in the user's physical space.

Management also notes that Visage Ease VP uses the natural and intuitive input of eyes, hands, and voice navigation "to provide an end-user imaging experience that's unlike any other application."

The ASX 200 healthcare share already has a user testing out the technology. It notes that UC San Diego Health, a tier 1 academic medical centre and Visage customer, is the first health system to pilot the technology.

Dr. Paul Murphy from UC San Diego Health commented:

The visualization of three-dimensional medical imaging in immersive space creates exciting opportunities to improve patient care. Technology that allows for sophisticated eye motion and gesture controls for reviewing 2D and 3D medical imaging could potentially help in efficient tumor board reviews and create collaborative spaces in healthcare.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Apple and Pro Medicus. The Motley Fool Australia has recommended Apple and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

A bright graphic showing neon green and red arrows in a downwards direction with a world map behind them in neon blue
Technology Shares

Does Macquarie rate Life360 shares a buy, hold or sell?

Does recent share price weakness present an opportunity?

Read more »

An oil worker in front of a pumpjack using a tablet.
Technology Shares

Why are shares in this ASX tech stock, which operates in the oil and gas space, charging higher?

Even after this share price jump, the shares could be good value.

Read more »

A man has computer-generated images rushing through his head, indicating an AI (artificial intelligence) concept of a communication network.
Technology Shares

Up 14% in April, is it too late to buy WiseTech shares?

The stock remains well below its highs and may now offer a more compelling opportunity.

Read more »

Focused man entrepreneur with glasses working, looking at laptop screen thinking about something intently while sitting in the office.
Technology Shares

Up 670%: Is it too late to buy this ASX defence stock?

This high-flying stock could still have further to run according to Bell Potter.

Read more »

Man happy to be holding a blue cloud representing cloud computing.
Technology Shares

3 ASX shares benefiting from the rise of digital infrastructure

Artificial intelligence and cloud computing need the help of these shares.

Read more »

Soldier in military uniform using laptop for drone controlling.
Technology Shares

Why this ASX defence stock is falling today despite a massive 660% run

EOS shares pull back as a contract delay offsets a solid quarterly result.

Read more »

Happy couple looking at a phone and waiting for their flight at an airport.
Technology Shares

ASX tech stock charges higher on big acquisition news

Let's see what the software company has announced this morning.

Read more »

A young man talks tech on his phone while looking at a laptop with a financial graph superimposed across the image.
Technology Shares

These beaten down ASX 200 tech stocks could rise 55% to 60%

Brokers think these stocks could rise strongly from current levels.

Read more »