IMARC Group has recently released a new research study “Virtual Reality (VR) in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of Virtual Reality (VR) In Healthcare Industry?
The global virtual reality (vr) in healthcare market size reached US$ 657.0 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 3,366.1 Million by 2028, exhibiting a growth rate (CAGR) of 29.5% during 2023-2028.
What is the Virtual Reality (VR) in Healthcare?
Virtual reality (VR) in healthcare represents the use of immersive technologies and powerful diagnostic tools that allow healthcare professionals and patients to interact with simulated environments. They consist of VR semiconductor components, VR devices, VR sensors, etc., that allow doctors and surgeons to get access and view areas inside the body that would traditionally be impossible to reach. VR in healthcare solutions enable the use of minimally invasive surgery, allow doctors and patients to communicate from anywhere while evaluating medical progress in real-time, and facilitates efficient patient care management. They even prove extremely effective in planning, diagnosing, and treating depression, phobia, autism, and addiction. Consequently, VR in healthcare systems are in extensive demand across the globe.
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What are the key factors driving the Virtual Reality (VR) in Healthcare Market?
The growing adoption of connected devices in hospitals and clinics and the shifting preferences toward incorporating virtual reality and augmented reality (VR and AR) with intricate medical procedures, such as pain management, social cognition training, damage evaluation, rehabilitation, etc., are primarily driving the virtual reality (VR) in healthcare market. Additionally, the increasing advancements in dependable medical hardware and software development and the introduction of smart wearable VR devices, including fit bands, fitness trackers, goggles, headsets, etc., are acting as significant growth-inducing factors. Apart from this, the elevating incidences of chronic health disorders, especially among the geriatric population, are also positively influencing the global market. Moreover, the rising investments in research and development (R&D) activities to facilitate continuous advancements in mobile applications and telemedicine are expected to bolster the virtual reality (VR) in healthcare market over the forecasted period.
Who Are The Key Players/Companies In The Global Virtual Reality (Vr) In Healthcare Market?
AppliedVR Inc., EchoPixel Inc., EON Reality, Firsthand Technology Inc., ImmersiveTouch Inc., Koninklijke Philips N.V., Microsoft Corporation, Siemens Healthineers AG (Siemens AG), Surgical Science Sweden AB, SyncThink Inc., Virtually Better Inc. and XRHealth.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
Hardware
Software and Services
Breakup by Technology:
Head-Mounted
Gesture-Tracking
Projector and Display Walls
Breakup by Product:
VR Semiconductor Components
VR Devices
VR Sensors
Others
Breakup by Application:
Pain Management
Medical Training and Education
Surgery
Patient Care Management
Rehabilitation and Therapy Procedures
Others
Breakup by End User:
Hospitals and Clinics
Research Laboratories
Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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