The Latest research study released by Absolute Markets Insights Virtual Reality in Healthcare Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.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. Some of the Major Companies covered in this Research are: Firsthand Technology, FundamentalVR, Facebook, Inc., General Electric, ImmersiveTouch, Inc., Intuitive Surgical, Inc., Koninklijke Philips NV, Medical Realities ltd., Psious amongst others.
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Virtual Reality in Healthcare Market:
- By Offering
- Hardware Device
- Head Tracking Systems
- Head Mounted displays
- Non-Immersive Systems
- Others
- Software
- Services
- Hardware Device
- By End User
- Hospitals, Clinics, and Surgical Centers
- Diagnostic Laboratories
- Healthcare Institutes
- Others
- By Application
- Visualization (Virtual Endoscopy, Colonoscopy)
- Computer Assisted Surgery (Training, Planning, Rehearsal and Delivery)
- Neurosurgery
- Laparoscopic
- Simulators
- Other
- Radiotherapy
- Dentistry
- Mental Health, Psychological Therapy and Post
- Traumatic Stress Disorder (PTSD)
- Phobias
- Telehealth
- Disability and Rehabilitation
- Medical Training/ Teaching/ Determining Level of Skill
- Pain Management
- Others
- By Geography
- North America
- Europe
- 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.
Virtual Reality in Healthcare Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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