This Virtual Reality in Healthcare Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Virtual Reality in Healthcare Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Virtual Reality in Healthcare Market report will surely help you to a degree.
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Global virtual reality in healthcare market was valued at US$ 260.5 million in 2022 and is expected to reach US$ 3,441.4 million by 2030, growing at an estimated CAGR of 33.2% over the forecast period. Firsthand Technology, FundamentalVR, Facebook, Inc., General Electric, ImmersiveTouch, Inc., Intuitive Surgical, Inc., Koninklijke Philips NV, Medical Realities ltd., Psious amongst others.
Virtual Reality in Healthcare Market:
- By Offering
- Hardware Device
- Head Tracking Systems
- Head Mounted displays
- Non-Immersive Systems
- Hardware Device
- By End User
- Hospitals, Clinics, and Surgical Centers
- Diagnostic Laboratories
- Healthcare Institutes
- By Application
- Visualization (Virtual Endoscopy, Colonoscopy)
- Computer Assisted Surgery (Training, Planning, Rehearsal and Delivery)
- Mental Health, Psychological Therapy and Post
- Traumatic Stress Disorder (PTSD)
- Disability and Rehabilitation
- Medical Training/ Teaching/ Determining Level of Skill
- Pain Management
- By Geography
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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Virtual reality is the creation of computer generated simulated virtual environment to provide real-life sensory experience to the person. It creates a highly immersive, visual and three dimensional environment, in which an individual is able to manipulate virtual objects and perform a series of tasks. The environment is either of real or simulated world, in which an individual is able to feel and interact with the objects and characters. Virtual treatment has many advantages over conventional methods of treatment like virtual treatment often eliminates the use of drugs and complex surgical procedures, thus saving the cost and time. Major factors driving the global virtual reality in healthcare market are: increasing demand for innovative diagnostic techniques, rising incidences of neurological disorders, and increasing disease awareness.
Recent advancements in the field of information technology such as laptop, computer, internet connectivity and mobile applications, would further fuel the market growth. However, high cost of treatment, lack of skilled workers and high cost of supportive hardware devices are likely to hinder the market growth. The global virtual reality in the healthcare market is segmented on the basis of offering, end user, application and geography. On the basis of offering, the market is segmented into hardware device, software and service. The hardware device held the largest market share in 2018 and is expected to continue the same trend over the forecast period in virtual reality market. Hardware devices like head-mounted display and head tracking system are experiencing rise in adoption since this wearable robotic technology is improving clinical outcomes.
Key Questions Answered with this Study
1) What makes Virtual Reality in Healthcare Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Virtual Reality in Healthcare market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Virtual Reality in Healthcare in next few years?
8) What is the impact analysis of various factors in the Virtual Reality in Healthcare market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Virtual Reality in Healthcare Market?
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