Virtual Reality (VR) for Healthcare Market Forecast 2023-2030

Augmented and Virtual Reality In Healthcare Market Research Report: By Technology (AR and VR technology), Offering (Hardware & Software), Device Type (AR & VR Device Type), Application (Fitness, Patient Care, Pharmacy Management & Others), End User – Global Forecast Till 2023 The Augmented and Virtual Reality In Healthcare market is predicted to grow at a 30.2% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report.

AR & VR in the healthcare sector is widely used to improve surgery methods, treating psychiatric and neurological conditions, and also as a part of hospice care.

Augmented and Virtual Reality In Healthcare Market Key Players Leading players profiled in the Augmented and Virtual Reality In Healthcare market report include 3D Systems, Inc., Orca Health, Inc., Hologic Inc., Osso VR Inc., SURGICAL THEATER, LLC, EchoPixel, Inc., Oculus VR, Mindmaze, Psious, Medical Realities, Microsoft, Firsthand Technology, Augmedix, Daqri, Atheer, Google, and others.

September 2019: XRHealth has entered into a partnership with Allscripts to offer an integrated virtual reality/augmented reality platform.

Augmented and Virtual Reality In Healthcare Market Segmentation The MRFR report provides a complete segmental analysis of the Augmented and Virtual Reality In Healthcare market report on the basis of end user, application, offering, device type, and technology.

Based on technology, the Augmented and Virtual Reality In Healthcare market is segmented into AR and VR technology.

Education is a never-ending and crucial industry that is gaining importance over a few years.

Right from the emergence of civilizations, grabbing knowledge has been the top priority by people all over the globe.

They are always looking for an effective strategy to transfer or gain knowledge from one another easily.

Thanks to the current market which has made this possible.

Virtual Reality is here to disrupt the educational sector.

In this blog, we have discussed the role of VR in enhancing the Educational industry.Learn more at Virtual Reality in Education.#FutureOfVirtualReality #VirtualReality #VirtualRealityInEducation #VRInEducationSector

The global virtual reality in healthcare market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the virtual reality in healthcare market include Virtalis Ltd., CAE Healthcare, GE Healthcare, Virtual Realities Ltd., Qualcomm Technologies, Inc., Samsung, Vuzix Corporation, Mimic Technologies Inc., WorldViz, LLC, Brainlab AG.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Virtual Reality In Healthcare Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vr-in-healthcare-market/download-sampleMarket DynamicsThe major driver of the market for the application of VR in the healthcare industry is the increased investment in the medical research sector and emphasis on more digitization of the healthcare industry.

The COVID-19 outbreak has also caused an increase in the cases of various neurological disorders.

The major restraint being faced by the market is in the form of the high cost of implementation, lack of necessary technology in the developing countries, and a dearth of skilled workers who are comfortable with using such advanced technologies.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.

In case if it is a common situation in your company, you might consider giving serious thoughts to VR as a palpable option of how to fully engage your workforce in the organization’s training process.When you evaluate the conceivable results that VR can impart to employee training, it becomes easy to contemplate why so many businesses are eager to adopt it.

After hand-picking training programs that could benefit from VR, ensure that your business goals are transparent and rock-solid and analyze whether they are related to safety, proficiency, productivity, or revenue.

You can run the training program in a ‘bite-sized’ microlearning format and ask colleagues to visit whenever they have some downtime.

You can also make use of some dedicated slots and give some break to your subordinates- on a pre-decided condition that they spend a good chunk of their time learning in VR.Boost Employee’s Competitive SpiritAs discussed, plan a space where the representatives can keep a close eye on their development by offering their considerations or responses.

Without a doubt, the immersive gamification techniques can be exceedingly motivational and will always garner positive outcomes.

Also Read: Role-Based Access Control With Enterprise Video StreamingAvert Sensory-Overload During Scenario-based TrainingFor a majority of your training employees, it may be the first time that they’ll engage with virtual reality at some level.

Both VR and AR have the ability to change healthcare sector for the better in the succeeding years. While VR technology is helpful not only for the doctors but for patients as well, it provides huge convenience to the patients by facilitating them to see doctors virtually. However, the AR technology is created as a visual world but does not aid in any communication with this world. 

The worldwide market for healthcare AR VR is projected to capture a market estimation of more than US$ 600 Million by the end of the year 2018 that might touch a market estimate of more than US$ 15,100 Million towards the end of the year 2026. The global market is projected to expand at a remarkably high 49.3% CAGR all through the assessment period of 2026.

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The worldwide market based on the technology type is segmented into (VR) virtual reality and (AR) augmented reality. The VT is in advance of AR owing to the superior offerings of VR technology. The VR technology is widely utilized by the healthcare industry, thus directing towards a remarkable expansion of the VR segment that is projected to account for a market estimation of more than US$ 9,920 Million towards the end of the year 2026. However, the AR technology is likely to touch an estimate of about 2,000 Million towards the end of 2026. On the basis of growth rate as well, VR is like to see a higher CAGR of more than 51% over the calculated period 2018-2026.

On the basis of the component, the market is bifurcated into services, software and hardware. With the abilities of transformation in healthcare sector, the AR VR is majorly applicable into medical training, patient care management, rehabilitation, surgery planning and others. On the other hand, in terms of the end user the overall market includes diagnostic centers, medical research organizations, hospitals & clinics and others. Both the technologies are largely in demand in hospitals and clinics for research processes, medical trainings along with diagnostic centers. 

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In terms of the region, the emerging regions, for example, MEA, APAC and Africa will be witnessing increased revenue contribution to the GDP. However, North America will be capturing maximum revenue share of above US$ 5,000 Million by 2026 end in the global market. Moreover, SEA along with other APAC regions is as well likely to remain largely lucrative regions for market players seeking for developing opportunities in the market.

The major market players operating in the global market include Samsung Electronics Co. Ltd, Microsoft Corporation, DAQRI LLC, Google Inc., Magic Leap, Inc., Medical Realities Ltd, Oculus VR, LLC, FIRSTHAND TECHNOLOGY INC., ImmersiveTouch, Inc., SURGICAL THEATER, LLC., HTC Corporation, EchoPixel, Inc., Psious, AppliedVR, Inc., Osso VR and others.

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