Global Virtual Reality (VR) in Healthcare Market Overview:
With the growth in the healthcare industry, this industry is highly focusing on advanced technology to enhance the customer experience. The healthcare industry services virtual reality throughout its various sectors to deliver a higher quality of care and efficiency to its end customers such as a medical professional. This technology is highly used for surgical preparation for patient illness education and therapy. Some of the key players profiled in the study are CAE Healthcare (Canada), Firsthand Technology (United States), EON Reality (United States), GE Healthcare (United States), Intuitive Surgical (United States), Medtronic (Ireland), Mimic Technologies (United States), Philips Healthcare (Netherlands), Siemens Healthineers (Germany) and Surgical Science (Sweden).
On the basis of geography, the market of Virtual Reality (VR) in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e. will boost the Virtual Reality (VR) in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing in Incorporation of Technology & Digitalization in the Healthcare Industry
- Advancement in Funding & Players Are Focusing on Delivery of Efficient Health Services
- Development Training Healthcare Professionals
- Growth in Application Areas Across North America
- Increasing Numbers of VR Based Start-Ups Across Asia Pacific Regions
- Absence of Healthcare Professionals with AR Knowledge in this Industry
- Growing Requirement for VR In Developing Economics Such as China, and India
- High Adoption of Augmented Reality and Virtual Reality in Fitness Management
- Growing Concerns Regarding Data Privacy
Major Market Developments:
In Sep 2019, XRHealth and Magic Leap revealed their partnership for the enhancement of virtual reality in the medical industry. Through this joint venture, XRHealth brings health and wellness solutions to Magic Leap devices. It becomes a platform that delivers spatial computing applications for rehabilitation and others.
There are various companies are operating in this industry, and they are exploring in the new geographical regions by adopting various marketing strategies such as mergers & acquisitions, expansions, investments, new product launches, and collaborations. There is an increasing number of new market entrants in this market because of the growing opportunities in this market.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Virtual Reality in Healthcare Service Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Virtual Reality (VR) in Healthcare market on the basis of product  , application [Surgical Training, Surgical Navigation and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Virtual Reality (VR) in Healthcare market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Virtual Reality (VR) in Healthcare industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Laerdal (Norway), 3D Systems, Inc. (United States) and Hologic (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Virtual Reality (VR) in Healthcare market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.