Virtual Reality Systems Market is Expected to Grow to US$ 2,582.1 Mn by 2020

Virtual reality is a computer based simulations technology that can be built on real or imaginary environments. VR technology helps recreate and simulate sight, sound, touch and even smell. Augmented Reality is the direct or indirect experience of real-world environment with an enhancement or augmentation of certain aspects. Until recently, healthcare has been a niche area of opportunity for VR & AR technology. Today, it is well understood that virtual and augmented reality technology has potentially limitless applications from training & education, surgery planning and simulation, diagnostics, treatment of phobia and depression among several other areas. This report on the global healthcare virtual and augmented reality market explores the current market size and trends of several aspects such as the hardware components specific to VR/AR which includes sensors, haptics controllers, feedback systems and others. A second chapter dedicated for the software component explores the market for software by medical application areas such as Dental, Orthopedic, Cardiovascular and Endovascular areas. Robotic & minimally invasive surgeries require skillful execution by medical professionals, particularly for delicate operations such as stenting, grafting, arthroscopy and ablation among the large number of minimally invasive procedures carried out today. Virtual & augmented reality software has the ability to get imbued well with advanced minimally invasive technology. Unlike open surgeries, these have the inherent capability to be converted into a digital and virtual world for training, planning and approach. These simulations are a promising alternative to conventional training in minimally invasive surgery (MIS). The software market will continue to grow slower than hardware market primarily due to presence of a large number of free to use softwares available. This is anticipated to challenge the growth considerably.

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The medical and healthcare virtual reality technology is quite young and superficial due to sheer volume of data that is required to be imbued with software in order to recreate the most accurate scenario. Challenges in presenting high quality graphics and real-time feedback systems to users have limited the scope of utility for VR/AR till date. Another challenge is restriction in free movement that causes a user to drastically reduce sensation of real-time environment. Several medical professionals opine about the disadvantages of using such platforms that may result in bad medical training and inaccurate understanding of body functions among young medical professionals. Lack of true physical environment could potentially create inaccurate associations as well. This will continue to harangue the penetration of VR/AR systems for coming years. All software and hardware components are focused on compelling the mind to associate with real-time scenarios as much as possible by providing stimulus to senses such as touch, sound and vision.

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