Global virtual reality in healthcare market was valued at US$ 260.5 million in 2018 and is anticipated to reach US$ 3,441.4 million by 2027, growing at an estimated CAGR of 33.2% over the forecast period. The hospitals, clinics and surgical centers account for the largest share of 39.3% in 2018.
Virtual Reality in Healthcare Markets 2019 Global Industry Research Report provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2025. Scenarios and useful business decisions. The report includes a first-hand study of subjective comprehensive research and quantitative perspectives of key family pioneers for an in-depth understanding of other industry experts, markets and industry practices. The report provides a reasonable picture of the current market situation, including true and expected market estimates in terms of respect and volume of trade, technological advances, macroeconomic and governance factors.
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The Virtual Reality in Healthcare market is divided into hardware and software. The hardware segment accounts for relatively larger market share of 64.6% in 2018. The hardware segment is further segmented into Head Tracking Systems, Head Mounted displays, Non-Immersive Systems and Others. The use of head-mounted displays (HMDs) in applications such as patient care management, pharmacy management, medical training, and education would be the main driver for the growth of HMDs in virtual reality in healthcare. Head-mounted displays are gaining traction due to their applications in telemedicine, simulation, training, visualizing data, video recording, telemonitoring, and many others.
Some of the key participants in global Virtual Reality in Healthcare market are Firsthand Technology FundamentalVR, General Electric, ImmersiveTouch, Inc., Intuitive Surgical, Inc., Koninklijke Philips, Medical Realities ltd., MindMaze SA, Osso VR Inc., Program-Ace, Psious, QUALCOMM, Inc., SimX Inc., Surgical Theater, LLC, Vicarious Surgical, Siemens Healthineers, zSpace, Inc.
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Virtual Reality in Healthcare Market Segmentation:
- Head Tracking Systems
- Head Mounted displays
- Non-Immersive Systems
By End Users
- 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
- Hospitals, Clinics, and Surgical Centers
- Diagnostic Laboratories
- Healthcare Institutes
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Key Findings of the Report:
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- In terms of revenue, virtual reality in healthcare market is expected to reach US$ 3,441.4 million by 2027. This can be mainly associated with the increasing demand for innovative diagnostic techniques, neurological disorders, and increasing disease awareness.
- Head Mounted Displays held the largest market share in 2018 and is expected to grow at a CAGR of 33.3% over the forecast period. Head-mounted displays are gaining attention due to their applications in video recording, visualizing data, telemedicine, simulation, telemonitoring, and many others.
- APAC region is expected to witness the highest CAGR over the forecast period due to rising government initiatives and growing healthcare expenditure. Some of the major driving factors for the rapid growth of virtual reality market in this region
The report offers a multi-step view of the Global Virtual Reality in Healthcare Market. The first approach focuses through an impression of the market. This passage includes several arrangements, definitions, the chain assembly of the industry in one piece, and the various uses for the global market. This section also integrates an all-inclusive analysis of the different enlargement plans and government strategies that influence the market, its cost assemblies and industrialized processes. The second subdivision of the report includes analytics on the Global Virtual Reality in Healthcare Market based on its size in terms of value and volume.
The cost analysis of Virtual Reality in Healthcare Market was made considering manufacturing costs, labor costs, raw material and market concentration, suppliers and pricing trends. Other factors such as supply chain, downstream buyers and sourcing strategies have been evaluated to provide a complete and in-depth view of the market. Report buyers will be exposed to market positioning studies in consideration of target audience, brand strategy, and pricing strategy.
As a result of collecting and researching all information using SWOT analysis, there is a vivid picture of the competitive environment in the Virtual Reality in Healthcare Market. Openings for future market development have been revealed, and likewise have taken the competitive advantage. The drift and propensity of this market has been taken into account, which shows that the strategic direction is good. Understand the market base and understand the market data using the standards, methodologies and other driving market trends determined for reference.
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