Virtual Reality in Healthcare Market | Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast

According to the report The increasing advancement and transformation in technology is a key factor boosting the virtual reality in the healthcare market, says Fortune Business Insights in a report, titled “ Virtual Reality in Healthcare Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Content), By Application (Pain Management, Education and Training, Surgery, Patient Care Management, Rehabilitation and Therapy Procedures and Post-Traumatic Stress Disorder (PTSD)), and Regional Forecast, 2019-2026.”

The global virtual reality (VR) in healthcare market is projected to grow from $1,206.6 million in 2021 to $11,657.8 million in 2028 at a CAGR of 38.3%

The virtual reality in the healthcare market, by application, is segmented into pain management, education and training, surgery, patient care management, rehabilitation and therapy procedures and post-traumatic stress disorder (PTSD). The pain management segment is expected to witness high demand owing to the effectiveness of VR in pain management. Virtual reality helps the patients to soothe the pain to some extent, especially during skin grafting, open surgeries and bandaging a burn. Furthermore, the education segment will hold signifant share owing to the VR technology, which offers an immersive experience.

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Global Market Predictions for Five Decades.The Prominent Companies Operating In The Global Virtual Reality In The Healthcare Market Are:

Google
Samsung
Atheer, Inc.
InTouch Technologies, Inc.
Augmedix, Inc.
Firsthand Technology Inc.
Microsoft
Medical Realities Ltd
Mindmaze
Psious
Facebook Technologies, LLC.
com, Inc.
EchoPixel, Inc.
Surgical Theater, Inc.
Osso VR, Inc.
Hologic Inc.
Orca Health, Inc.
3D Systems, Inc.
Daqri
Launch Of Amazon Care Will Augur Healthy Growth

The launch of amazon care, a virtual primary care clinic is expected to create lucrative growth opportunities owing to its virtual and in-person care. For instance, Amazon launched Amazon Care, a virtual primary care clinic. This primary care clinic offers an option for nurses to visit employees in the home. It provides both virtual and in-person care. Furthermore, the advancements in medical training simulators by 3D systems is expected to promote the growth of the market. For instance, 3D Systems announced advancements to its line medical training simulators by utilizing enhanced virtual reality environments. These functionalities allow users to practice surgical methods within a virtual operation theatre for a realistic and immersive training session to enable adequate surgical preparation and learning.

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Market Segmentation -

By Component
Hardware
Software
Content
By Application
Pain Management
Education and Training
Surgery
Patient Care Management
Rehabilitation and Therapy Procedures
Post-Traumatic Stress Disorder (PTSD)
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The humongous growth in information communication and technologies over recent years has enhanced the ways to communicate, relate, and live. Due to the advances in technology, many industries have gone through a drastic transformation. The healthcare industry is one of them to experience emerging technology trends such as virtual reality, which is playing an important role in the industry.

Many healthcare organizations have realized the benefits of VR and have started implementing it in their operations. Launch of Oculus Rift and HTC Vive has given traction to the adoption of virtual reality. Virtual reality has proved to be a powerful tool for open surgeries in risk-free environments.

VR technologies have been widely used in medical education and training. Major VR-based companies integrate 360-degree video and 3D interactive content to develop the best learning programs for physicians and students. Virtual reality is also making ways in nursing. It is the best way to show the doctors and nurses how things work from within the body.

Market Drivers

Virtual reality is becoming a game-changer in the healthcare industry. When we implement VR solutions in healthcare, it’s essential to keep track of the pros and cons of VR technology, such as the availability of skilled engineers, capabilities, cost, and others.

Many healthcare start-ups are emerging across the globe. For instance, Vivid Vision, a healthcare start-up based in San-Francisco, support VR headsets, which help people to improve their vision. The VR experiences are designed to treat crossed eyes, vergence disorder.

Similarly, VR health is an Israel health tech company headquartered in Boston. The company develops several VR products designed for psychology, rehabilitation and therapy procedures, patient care management, pain management, and other disorders. These VR solutions can be used in home healthcare as well.

With the increasing cost of healthcare rising faster than the inflation owing to the surge in prices of drugs, medical devices, and other hospital services, there is a need for affordable healthcare solutions at the global level. For instance, VR headsets cost much less compared to expensive surgical instruments.

Ongoing activities, spending, and development in VR will drive virtual reality (VR) in the healthcare market. Hence we can conclude that substantial investments of organizations in healthcare VR to optimize the healthcare cost will expand the market size in the future.

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Table of Content -

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players
Global Virtual Reality in Healthcare Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Component (Value)
Hardware
Software
Content
By Application (Value)
Pain Management
Education and Training
Surgery
Patient Care Management
Rehabilitation and Therapy Procedures
Post-Traumatic Stress Disorder (PTSD)
By Geography (Value)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America Virtual Reality in Healthcare Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Component (Value)
Hardware
Software
Content
By Application (Value)
Pain Management
Education and Training
Surgery
Patient Care Management
Rehabilitation and Therapy Procedures
Post-Traumatic Stress Disorder (PTSD)
By Country (Value)
United States
Canada
TOC Continued...

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