Virtual Reality (VR) in medical Market Key Market Players & Competitive Landscape, Size Estimation, New Investment Opportunities 2027
The global Virtual Reality (VR) in medical market size is expected to reach USD 3,975.0 Million at a revenue CAGR of 31.1% in 2028, according to latest analysis by Emergen Research. The report carefully investigates the present market scenario and the fundamental growth prospects. Among the technology segments, gesture tracking technology segment revenue is expected to register a faster growth rate over the forecast period. Virtual Reality in Medical Market Report mainly improves market size, and provide detailed product mapping and investigation of various market scenarios. VR systems are considered beneficial in saving considerable healthcare-related expenses, enhancing patient care, and improving service quality of bottom line care givers. Virtual Reality in Medical Market Size – USD 446.2 Million in 2020, Market Growth – at a CAGR of 31.1%, Market Trends – Advancement in Technology. These learnings are necessary to enable providers to experience effects on patients who are quitting smoking. VR is essential for healthcare professionals to learn and better educate their patients regarding benefits of preventive medicine. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Virtual Reality in Medical market
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This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus attack on the world economy has impacted all, and thus its impacts are elucidated in-depth in the report for the Virtual Reality in Medical market. Gesture-controlled interfaces are considered to be of immense benefit owing to ability to be deployed in challenging situations, e.g., in situations when a healthcare professional is unable to reach or touch a screen but still requires interacting with device. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Virtual Reality in Medical market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Dissimilar to videos or various other two-dimensional media that are non-interactive, VR can simulate and provide sense of existence for individual patients in a comfortable and convenient setting VR systems are deployed by medical professionals to deliver more effective and efficient services to patients in a more personalized manner.VR also offers significant advantages in patient assessment processes by delivering visual aids for enabling patient to be in proper position to enhance disease symptom assessment and management.
Some major companies in the global market report include Microsoft Corporation, Koninklijke Philips NV, Firsthand Technology Inc., Orca Health Inc., General Electric, Alphabet Inc., AppliedVR Inc., SyncThink Inc., Osso VR Inc., and EchoPixel Inc.
Emergen Research has segmented the global Virtual Reality (VR) in medical market on the basis of component, technology, end-use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
Hardware
Software
Services
Technology Outlook (Revenue, USD Million; 2018–2028)
Head-Mounted Technology
Gesture Tracking Technology
Projector & Display Walls Technology
End-Use Outlook (Revenue, USD Million; 2018–2028)
Hospitals
Clinics
Research Institutes
Others
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Regional Analysis of the Virtual Reality in Medical Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points of Virtual Reality in Medical Market:
Extensive coverage of the analysis of the Virtual Reality (VR) in medical market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Virtual Reality (VR) in medical market
Complete data about the key manufacturers and vendors in the Virtual Reality (VR) in medical market
Market Taxonomy:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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