Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on virtual reality in healthcare market provides
in-depth analysis of segments and sub-segments in the global as well as
regional virtual reality in healthcare market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
virtual reality in healthcare market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast, and dollar
values of global virtual reality in healthcare market. According to the report,
the global virtual reality in healthcare market is projected to grow at a CAGR
of 35.28% over the forecast period of 2021-2027, growing from nearly USD 2,338
million in 2021 to about USD 14,328 million in 2027.
Virtual reality (VR) simulates
the surrounding visual experience similar or different from the real world with
the help of wearable devices, as well as mounted displays. VR has found
numerous applications across various sectors including manufacturing, retail,
and healthcare. With the help of VR, healthcare providers can streamline
several functions, and improve the efficiency of healthcare professionals.
Virtual reality helps patients, doctors, and healthcare workers to easily
visualize certain procedures, and operate various medical devices. Healthcare
professionals and patients use VR for numerous applications, including surgery,
patient care, education, training, etc. Moreover, the vendors offering virtual
reality solutions are developing innovative devices and systems with different
features. This, in turn, is anticipated to boost the competition in virtual
reality in the healthcare market.
Increasing the use of virtual
reality to efficiently diagnose diseases is driving the growth of global VR in
the healthcare market. VR is being used for a wide range of healthcare and
research purposes, including detection of disease, management of chronic
conditions, delivery of health services, and medical training. Moreover, the
growing importance of VR in administrative workflow assistance is also driving
market growth. Virtual reality in healthcare administration effectively drops
administrative expenses and helping health care providers dedicate more of
their limited resources to patient care. However, the higher installation cost
of VR solutions and poor technological and healthcare infrastructure in
developing economies is anticipated to hamper the growth of virtual reality in
the healthcare market. Additionally, numerous apps that use virtual reality to
offer personalized health assessments and fitness guidance are currently in
demand, creating opportunities for the market players.
Among the regions, North America
dominated the VR in the healthcare market owing to the continued American
leadership in VR. The United States currently holds a slight edge over every
other country, due to the deployment of a large number of VR devices in the
healthcare sector. High spending on healthcare, especially in the US and
Canada, is likely to supplement the growth of next-gen technologies such as VR
in the region. Europe is the second-largest market in the VR in the healthcare
market. The Nordic countries and the Netherlands are European pioneers in the
use of VR tools in the healthcare sector. Moreover, the demand for VR devices
is certainly increasing, especially in Switzerland and Spain. The Asia Pacific
is the fastest-growing region for VR in the healthcare market. Explosive
economic growth combined with changing demographics and shifting consumer
expectations will predictably lead to significant healthcare transformation and
VR adoption in this region.
The report on global virtual
reality in healthcare market covers segments such as device, application, and
end user. On the basis of device, the sub-markets include head-mounted
displays, smart glasses, and sensors. On the basis of application, the
sub-markets include surgery, patient care, education & training, fitness,
pharmacy management, and others. On the basis of end user, the sub-markets include
hospitals and clinics, research organizations, diagnostics laboratories,
pharmaceutical companies, and others.
The report provides profiles of
the companies in the market such as GE Healthcare, Alphabet Inc., Microsoft
Corporation, CAE Healthcare, Koninklijke Philips N.V., Siemens Healthineers,
VirtaMed, SyncThink Inc., Firsthand Technology Inc., and Orca Health, Inc..
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing or
new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of virtual reality in healthcare market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.