Virtual Reality Exposure Therapy Market Scope and Profit-Sources Detailed Analysis

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Virtual Reality Exposure Therapy Market- by Components (Virtual Reality Headset, Virtual Reality Earphones, Virtual Reality Software & Modules, Virtual Reality Workstation, Virtual Reality Position Tracker/ Sensors, Biofeedback Monitor and Other Components),

Application (Mental Disorder & Addiction Management, Stroke Management, Pediatric Management, Education & Medical Training and Other Application), End User (Hospitals, Therapy Clinics, & Surgical Centers, Research & Training Organizations and Other End Users), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1306

Based on InsightAce Analytic's most recent research, the global virtual reality exposure therapy market is anticipated to grow at a compound annual growth rate (CAGR) of 33.90% between 2024 and 2031. When virtual reality exposure therapy (VRE) is employed to provide stimuli to the patient via a computer-based display, the treatment becomes more sophisticated and immersive. VRE is a therapist-assisted controlled form of human-computer interaction that employs a head-mounted display with television screens, headphones, and a head-tracking device to allow the user to engage in a three-dimensional computer environment actively. Hardware and software components are combined to create a virtual environment that lets the patient see objects and moving visuals.

These actions are performed to administer a specific type of treatment. The patient can engage with objects duplicates of those seen in the real world in a completely immersive setting. Increased heart surgery rates, stroke rates, and mental health issues will be key industry drivers. The market will expand due to government initiatives promoting IoT and AI healthcare applications. There is a sizable demand for AR and VR products due to their rising popularity in developed nations. Older therapy approaches, which were expensive for the patient and often resulted in inadequate or inappropriate care, have been supplanted by this technology.

Virtual reality exposure therapy yields far more accurate and valuable data and information than standard treatment approaches regarding patient responses. After that, the data sets might be utilized to develop medication-based therapies. Rising expenses and a shortage of funds in developing countries would probably impede market progress throughout the anticipated era. The underdeveloped world's lack of knowledge about digital diabetes therapy is hindering the market's advancement, and these factors will provide significant challenges to the market's expansion over the forecast period.

Moreover, a noteworthy obstacle to the growth of the virtual reality exposure therapy industry is the escalating competition among the principal competitors in the market. Over the projection years, North America is expected to dominate the virtual reality exposure therapy market, with the US and Canada accounting for most of its revenue. The primary factor driving this market's domination is patient and medical staff awareness of the advantages of virtual reality exposure treatment for treating mental illness and other conditions.

The growing amount of money the government is spending on healthcare infrastructure is one of the key drivers of market expansion in this industry. The area sees significant investment in fusing immersive technology with state-of-the-art medical procedures, which should accelerate market expansion. Similarly, more healthcare R&D would support the growth of regional markets.
Furthermore, the Asia Pacific virtual reality exposure therapy market is anticipated to expand rapidly throughout the forecast period.

The rising number of stroke patients in countries like Japan, Taiwan, China, and India is predicted to drive growth in the adoption of virtual reality exposure therapy in this market. Furthermore, the adoption and comprehension of such treatment would be aided by the fact that most workstation and electronic parts suppliers have their headquarters in the Asia-Pacific region. Firsthand Technology, Atheer, Medical Realities, Oculus VR, Echopixel, Osso VR, Surgical

Theatre, Augmedic, and Truevision are a few significant companies involved in the virtual reality exposure therapy business. Vicarious Surgical, Health Scholars, Oxford VR, Limbix, KineQuantum, Google, Proprio, Pious, Microsoft, Mindmaze, Samsung Electronics, Augmented Intelligence, Reducept, Neuro Rehab VR, JOGO Health, Emotions, Vivid Vision, Karuna Labs, Fundamentalvar, Sentier, Augmented Intelligence, Oncomfort, Virtualis, Six VR, FeelsGood, and Meta Medical VR are some of the other companies.

Recent collaborations and agreements in the market:

• In August 2020, The US company ImmersiveTouch, which offers a VR rehabilitation program for mental health, won a UK Digital Experience Award, and Oxford VR's (UK) mental health program took home the Gold Award for Best Use of Emerging Technology.

• In April 2020, Released April 2020, Oxford VR's (UK) automated virtual reality therapy was also featured in the NHSX Global Digital Exemplar. (GDE). The company's concept has been accepted and integrated into the NHS's Improving Access to Psychological Therapies (IAPT) services, which provide mental health care.

Curious about this latest version of the report? Obtain Report Details @ https://www.insightaceanalytic.com/enquiry-before-buying/1306

Market Segments
Global Virtual Reality Exposure Therapy Market, by Components, 2022-2030 (Value US$ Mn)

• Virtual Reality Headset
• Virtual Reality Earphones
• Virtual Reality Software & Modules
• Virtual Reality Workstation
• Virtual Reality Position Tracker/ Sensors
• Biofeedback Monitor
• Other Components

Global Virtual Reality Exposure Therapy Market, by Application, 2022-2030 (Value US$ Mn)

• Mental Disorder & Addiction Management
• Stroke Management
• Pediatric Management
• Education & Medical Training
• Other Applications

Global Virtual Reality Exposure Therapy Market, by End User, 2022-2030 (Value US$ Mn)

• Hospitals
• Therapy Clinics & Surgical Centers
• Research & Training Organizations
• Other End Users

Global Virtual Reality Exposure Therapy Market, by Region, 2022-2030 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Virtual Reality Exposure Therapy Market, by Country, 2022-2030 (Value US$ Mn)

• U.S.
• Canada

Europe Virtual Reality Exposure Therapy Market, by Country, 2022-2030 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Virtual Reality Exposure Therapy Market, by Country, 2022-2030 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Virtual Reality Exposure Therapy Market, by Country, 2022-2030 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Virtual Reality Exposure Therapy Market, by Country, 2022-2030 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Virtual Reality Exposure Therapy market
 To receive an industry overview and future trends of the Virtual Reality Exposure Therapy market
 To analyze the Virtual Reality Exposure Therapy market drivers and challenges
 To get information on the Virtual Reality Exposure Therapy market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Virtual Reality Exposure Therapy market industry

For More Information @ https://www.insightaceanalytic.com/customisation/1306

Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

This release was published on openPR.