Emergence of advanced cloud based platforms, which helps to
develop new cloud technology globally, is the major factor influencing market
growth.
Market Size – USD 1.78 billion in 2018, Market Growth - CAGR of
16.21%, Market Trends – VR is estimated to grow the learning
and teaching experience in medicine.
The Virtual Reality in Healthcare Market is estimated to reach USD 6.91 Billion by 2026, according to
a new report by Reports and Data. This can be mainly associated with the
increasing demand for innovative diagnostic techniques, neurological disorders,
and increasing disease awareness. Based on statistics, the advancement in the
field of information technology such as laptop, computer, internet connectivity
and mobile applications, is also significant factor stimulating market demand.
Due to the constant technological advancement of related products,
prevalence of neurological & psychological disorders, and presence of a
sophisticated healthcare infrastructure, the North America region accounts for
the highest market share of 44.21% in 2018. Moreover, the emerging
technological advancements in information technology and government support for
integration of these technologies in medical field contribute to the large
share of the market. Advantages such as improved flexibility and activity and
being able to deploy new applications more quickly are the major reasons for growth
in this region. In the United States, organizations, where employees are above
100 in number, are approving cloud-based applications.
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Further key findings from the report suggest
- Full
Immersive Virtual Reality is projected to grow at a CAGR of 16.58% during
the forecast period. Different medical training institutes have combined
fully immersive Virtual Reality (VR), medical data, highly advanced
medical simulation technologies, to enable modern medical education and
training globally. The adaptability offered by the institutions assist as
a practical teaching tool today and will continue to do in the near
future. This will serve as an excellent vehicle for promoting the
development to the next level of medical practice.
- APAC is
estimated to register the highest CAGR of 16.6%, during the forecasted
period. More institutions and organizations in the APAC region are
adopting the VR approach. As a result, Virtual reality has now become a
favored option for modernization.
- North
America is expected to reach USD 3.11 billion by 2026. Due to the constant
technological advancement of related products, prevalence of neurological
& psychological disorders, and presence of a sophisticated healthcare
infrastructure.
- The
Virtual Reality in Healthcare market is divided into hardware and
software. The hardware segment accounts for the largest market share of
~65% in 2018. The hardware segment is again divided into position
trackers, semiconductors, and cameras, displays and Projectors and Sensors
among others.
- The use
of head-mounted displays (HMDs) in applications such as patient care
management, medical training, pharmacy management, and education would be
the primary driver for the growth of HMDs in virtual reality in
healthcare. Head-mounted displays are gaining attention due to their
applications in training, visualized data, telemedicine, simulation, video
recording, telemonitoring, and many others.
- The
hospitals and clinics account for the largest share of 26.10% in 2018.
This segment is likely to observe an improvement in the adoption of VR.
Fundamental challenges faced by hospitals and clinics are clinical
operations management and data management due to the rising number of
patients with chronic diseases and the increasing need for enhanced
patient outcomes. Technological changes help healthcare centers develop
the service quality by rendering care at low expense with shorter time to
service.
- Fitness
Management is anticipated to grow at a CAGR of 16.2% during the forecast
period. Research studies show that VR workouts are so exciting and
satisfying to our brains that players are instantly shifted into immersive
states that make exercising exciting and feel less tiresome. Several
companies have been trying to adopt VR for developing their products.
- Key
participants include Microsoft, Google, Mindmaze, DAQRI, Psious, CAE
Healthcare, Medical Realities, Atheer, Augmedix , Oculus VR, Firsthand
Technology, Siemens Healthineers, Philips Healthcare, 3D Systems ,
VirtaMed , Virtually Better.
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Reality in Healthcare Market report covered with tables and
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For the purpose of this report, Reports and Data have segmented
global Virtual Reality in Healthcare Market on the basis of Component,
Technology, Application, Device type, End user and region:
Component Outlook (Revenue, USD Million; 2016-2026)
- Hardware
- Software
Technology Outlook (Revenue, USD Million; 2016-2026)
- Full
Immersive Virtual Reality
- Non-Immersive
Virtual Reality
- Semi-Immersive
Virtual Reality
Application Outlook (Revenue, USD Million; 2016-2026)
- Patient
Care Management
- Education
and Training
- Fitness
Management
- Pharmacy
Management
- Surgery
End user Outlook (Revenue, USD Million; 2016-2026)
- Research
and Diagnostics
- Laboratories
- Hospitals
& Clinics
- Research
Organizations
- Pharmaceutical
Companies
Device type Outlook (Revenue, USD Million; 2016-2026)
- Head-Mounted
Display
- Gesture-Tracking
Device
- Projectors
and Display Units
- Others
Regional Outlook (Revenue, USD Million; 2016-2026)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- South-east
Asia
- Latin
America
- Brazil
- MEA
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John Watson
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Good post... Virtual reality is being used in many business industries and companies that leads to get a great result and develop their business.
ReplyDeleteVirtual Reality Shopping
VR real estate
VR architecture