Global Virtual Reality (In) Healthcare Market To Grow At 42.3% By 2027, Chronic Pain Management To Drive Growth
Moreover, the spread of Covid-19 has been a major impetus for technologies like surgical robotics. The Centre for Disease Control and Prevention (CDC), and the American College of Surgeons recommended postponing or cancelling all non-essential surgeries since March 2020. The move, despite being essential, resulted in major backlogs for surgeries, and the waiting list for patients will continue to grow. Furthermore, hospital resources including staff, and equipment are overburdened as Covid-19 continues to plague key regions like United States. Growth of surgical robotics and its reliance on technologies like VR for learning remains a key driver of growth for the virtual reality in healthcare market.
Download FREE Sample Copy of Virtual Reality In Healthcare Market Report @ https://www.crediblemarkets.com/sample-request/virtual-reality-in-healthcare-industry-market-355376
Global Virtual Reality In Healthcare Market: By Types
Global Virtual Reality In Healthcare Market: By Applications
Rehabilitation and therapy procedures
Education and training
Global Virtual Reality In Healthcare Market: Key Players
Intuitive Surgical, Inc
Virtual Realties Ltd
Vital Images, Inc
Global Virtual Reality In Healthcare Market: Regions
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
• Asia Pacific (China, Japan, India, Southeast Asia and Australia)
• Latin America (Brazil, Argentina and Colombia)
• Middle East and Africa
Direct Purchase Virtual Reality In Healthcare Market Research Report Now @ https://www.crediblemarkets.com/reports/purchase/virtual-reality-in-healthcare-industry-market-355376?utf8=%E2%9C%93&license_type=single_user
The applications like surgical robotics have proven better clinical outcomes, more safety for patients, and promise lower conversation rates for laparotomy. The procedure has also lead to declined complications in conventional laparoscopy, and abdominal laparoscopy. Furthermore, the usage of surgical robotics will drive growth for hospitals who constantly face understaffing as Covid-19 results in continuous labour shortages.
Lowering Costs and Rising Efficacy Remains Key to Driving Growth
The VR technology remained a promising horizon for growth in several key industries for a long time. However, the expectations never materialised as the lack of high-resolution technology, and costs remained a major barrier to expansion. However, recent studies show that between 2013 to 2018, resolutions have witnessed a three-fold rise with technologies like HTC Vive Pro coming online. Moreover, the data storage for large sums of VR-generated data also remained a challenge in the past. However, thanks to technologies like data clouds, and growing computational power, the rendering speeds have doubled during 2013-2018, and storage space has more than tripled. This has led to higher-fidelity, and higher-complexity graphics, which resemble the real world more closely than ever before. Additionally, advancements in other fields like game development have led to increased feature developments in software engineering. This has led to tremendous growth of features, platform support like Android, lighting, and asset development integration. Some leading companies like Amazon have also ventured in game engines like Amazon, making way for robust growth of the potential of the VR technology.
The growth of hardware and software VR technology has helped it serve key areas of healthcare like post-traumatic stress disorder, safety training, and emergency preparedness. The growth of VR isn’t just visible in healthcare today; it has also made way into unseen depths of the mining industry. VR technology today helps engineers visualise mine designs, and analyse complex data sets for production optimization. The rising technological advancements, and lowered costs of VR promise major growth for the virtual reality in healthcare market.
Medical Education for Students, and Professionals to Promise Major Growth
The Centre for Disease Control and Prevention (CDC), launched a three-year pilot project in 2019 to develop the first-ever CDC VR Laboratory training course. The project aimed to identify if laboratory learners gained skills in addition to gaining knowledge when working with VR training modules. The program also aimed to identify best strategies for identifying VR technology-based learning modules for distance-based learning. The findings in the program emerged as a major positive for the adoption of virtual reality in education for medical professionals.
The findings suggest that 94% of participants agreed that VR technology gave them practical experience. Moreover, 95% noted that the VR technology made it easier to learn content, and 94% believed VR technology was easy to use. Furthermore, all participants believed that their confidence increased as a result of using the VR technology. These results can be transformative for applications like surgeries.
According to a 2013 study published in the New England Journal of Medicine, lower-skilled bariatric surgeons are faced with 5-times mortality rates as compared to high-skilled counterparts. Moreover, an estimated 7 million patients experience surgical complications each year. Furthermore, growing research suggest that somewhere between 15% to 30% surgeons cannot operate independently after residency. VR technology platforms promise to bring down education costs, and make it available for establishments like hospitals which can allocate very few resources for surgical training due to growing pressure of patient care. The rising efficacy of VR technology, and increased investments in niche applications like medical training will provide a major boost for the virtual reality in healthcare market.
Projector Technology to Remain Key to Growth as Neurological Disorders Remain Key Application
The rising demand for VR-based training for medical professionals, and expanding neurological disorders remains key in the global virtual reality in the healthcare market. The demand for these applications will likely result in major growth for conventional, low-cost, and highly visible product segments like the projectors, and displays. The product is often easy-to-use, remains immersive for training, and learning purposes, and advent of 3D capabilities will expand its application with rise of neurological disorders. The growing demand to treat patients with strokes, using nano robotic technology, and growing demand for 3D printing will also be key to driving growth of the VR technology. The creation of virtual world for patients, and need to create pleasant environment for neurological patients also remain a prospect for growth in the virtual reality in healthcare market.
Among different equipment in the virtual reality in the healthcare market, the sensors segment is expected to witness highest growth, thanks to its rising appeal in different industries like automotive, manufacturing, Oil & Gas, among others. The segment witness highest growth in 2018, and will likely continue on the same path, as demand for gesture tracking in chronic illnesses like cancer, and neurological surgeries remains high.
The landscape of the global virtual reality in healthcare market remains innovative, and competitive. Some key players in the global virtual reality market are, Alphabet Inc. (Google), Microsoft Corporation, Koninklijke Philips N.V. (Philips), General Electric, Firsthand Technology Inc., SyncThink Inc.
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert @ https://www.crediblemarkets.com/enquire-request/virtual-reality-in-healthcare-industry-market-355376
The report can answer the following questions:
• North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Virtual Reality In Healthcare industry.
• Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Virtual Reality In Healthcare industry.
• Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Virtual Reality In Healthcare industry.
• Different types and applications of Virtual Reality In Healthcare industry, market share of each type and application by revenue.
• Global market size (sales, revenue) forecast by regions and countries from 2019 to 2026 of Virtual Reality In Healthcare industry.
• Upstream raw materials and Virtual Reality In Healthcare equipment, industry chain analysis of Virtual Reality In Healthcare industry.
• SWOT analysis of Virtual Reality In Healthcare industry.
• New Project Investment Feasibility Analysis of Virtual Reality In Healthcare industry.
Read More: https://crediblemarkets.com/press-releases/global-virtual-reality-in-healthcare-market-to-grow-at-42-3-by-2027-chronic-pain-management-to-drive-growth
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Virtual Reality (In) Healthcare Market To Grow At 42.3% By 2027, Chronic Pain Management To Drive Growth here
News-ID: 2280086 • Views: 749
More Releases from Credible Markets
Global Hepatitis B Market Is Forecasted at US$35.63 Billion in The Year 2030 At …
Global Hepatitis B Market is forecasted at US$35.63 billion in the year 2030 at a CAGR of 29.41% between 2021 and 2030. The major driving factors for the rise in the market are the growth of the pharmaceutical industry, the rise in the aging population, increase in the healthcare expenditure, and the rapid pace of urbanization. Another factor responsible for the growing demand for the Hepatitis B treatment market is
Distributed Order Management System Market Growing at A CAGR of Around 16.1% Bet …
Global Distributed Order Management System Market Was Valued at Approximately USD 603.7 Mn in 2020, And Is Expected to Generate Revenue of Around USD 1978.2 Mn by End of 2028, Growing at A CAGR of Around 16.1% Between 2020 And 2028. This report examines all the key factors influencing growth of global Distributed Order Management System market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment
Beef Jerky Market Potential Growth, Share, Demand and Analysis of Key Players, A …
A new informative report titled as “Global Beef Jerky Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027” has recently published by Credible Markets to its humongous database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as COVID-19 impact analysis impacts, global market trends, recent technological advancements, market shares,
Credit Insurance Market Potential Growth, Share, Demand and Analysis of Key Play …
A new informative report titled as “Global Credit Insurance Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027” has recently published by Credible Markets to its humongous database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as COVID-19 impact analysis impacts, global market trends, recent technological advancements, market shares,
More Releases for Healthcare
Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Healthcare Analytics Market
Healthcare Analytics Market – Global Industry Analysis and Forecast (2017-2026) _ by Type, Component, Delivery Mode, Application, End-user and by Geography Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%. This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary
Global Healthcare IT Market
Global Healthcare IT Market – Industry Analysis and Forecast (2017-2026) – by Product & Services, by Component, by End User and by Geography. Global Healthcare IT Market was valued US$ 148.3 Bn in 2017 and is expected to reach USD 498.2 Bn by 2026, at CAGR of 16.35% during forecast period. Healthcare IT stands for solutions offered by information technology in the healthcare industry. Healthcare IT solutions improve data management and safe
Global Healthcare Information Systems Market By Key Players: Philips healthcare, …
Qyresearchreports include new market research report Global Healthcare Information Systems Market Size, Status and Forecast 2025 to its huge collection of research reports. This report studies the global Healthcare Information Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Information Systems market by companies, region, type and end-use industry. Healthcare information technology proffers solutions for security and data management of information related
Healthcare Cloud Computing Market -
Healthcare Cloud Computing is a broad, proactive endpoint security solution designed to supplement the existing defenses. It is a cyber-security technology that informs the need for constant monitoring and response to advanced threats. This advanced system measure shifts of security from a reactive threat approach to one that can detect and prevent threats before they even reach the organization. Growing cases of enterprise endpoint targeted attacks and necessity to mitigate it
Digital Radiography – Digitizing Healthcare
Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research