Press release
Virtual Reality (VR) Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026
The Virtual Reality (VR) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Virtual Reality (VR) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Virtual Reality (VR) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Virtual Reality (VR) market.The Virtual Reality (VR) market was valued at USD 17.25 billion in 2020 and is expected to reach USD 184.66 billion by 2026, at a CAGR of 48.7% over the forecast period 2021 - 2026.
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Top Leading Companies of Virtual Reality (VR) Market are - Oculus VR LLC, Sony Corporation, Samsung Electronics Co. Ltd., Google LLC, Lenovo Group Ltd., Pico Interactive Inc., StarVR Corporation, FOVE Inc., Unity Technologies Inc., Unreal Engine (Epic Games Inc.), Crytek GmbH, Autodesk Inc., Eon Reality Inc., 3D Systems Corporation, Dassault Systemes SE and others.
Industry News and Updates:
- September 2020 - Sony revealed PS5 accessory pricing, including a USD 70 DualSense controller. The most significant price is that of Sony’s new DualSense controller, which will cost USD 69.99 for additional gamepads, which is a USD 10 increase compared to the USD 59.99 MSRP for the DualShock 4.
- March 2020 - XRHealth announced the first Virtual Reality (VR) telehealth support groups for people in isolation due to the coronavirus, where patients with similar ailments can gain support from each other and from doctors associated with the XRHealth telehealth clinics.
Key Market Trends:
Healthcare Industry Offers Potential Growth
- Virtual reality (VR) has been widely studied and applied in numerous medical applications. In pharmacy, VR can potentially be applied as follows, adjunctively or as a replacement for pharmacotherapy in drug design and discovery, pharmacist education, and patient counseling and behavior modification.
- VR applications in healthcare are foreseen to continue growing and evolving over the coming years. VR is also likely to have a significant role in nano-surgery and microsurgery, with projects, such as the Da Vince Surgical System used in many American and European countries for minimally invasive procedures laparoscopic surgeries.
North America Holds Significant Market Share
- North America is one of the prominent regions for the virtual reality market. It has also been a pioneer in adopting innovations, which provides North America with an edge over other regions. Further, the region has the highest number of startups focusing on bringing innovative VR technologies for various industries.
- According to Tracxn Technologies, there are 951 Virtual Reality startups in the United States. A few of them include Orbbec, JauntVR, Dreamscape, and Sandbox VR. Dreamscape is creating a location-based immersive virtual reality entertainment. The company aims to open a VR multiplex in Los Angeles which will use untethered VR headsets, which means that participants will be wearing VR headsets powered by a computer carried around in a custom backpack, which will allow them to move freely through space and interact with real and virtual objects as well as with each other.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Virtual Reality (VR) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Virtual Reality (VR) Market (%),2016 - 2026
- Virtual Reality (VR) Market Share, By Brand
- Virtual Reality (VR) Market Share, By Company
- Virtual Reality (VR) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Virtual Reality (VR) Market Value Analysis & Forecast
- Promising Virtual Reality (VR) Development by Major Companies
- Detailed Virtual Reality (VR) Portfolio of the Major Companies
- Major Deals in the Virtual Reality (VR) Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591498/virtual-reality-vr-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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