Pune, India -- (SBWIRE) -- 04/05/2019 -- The latest report has been added to the wide database of Virtual Reality in Healthcare Market by Infinium Global Research. This report studies the Virtual Reality in Healthcare Market by technology type (full, semi, non-immersive), application (surgery simulation, phobia treatment, robotic surgery, education, training, visualization, rehabilitation, PSTD, treatment of autism) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Virtual Reality in Healthcare Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Virtual Reality in Healthcare Market. The global virtual reality in the healthcare market is projected to grow at a CAGR of 54.5% over the forecast period of 2017-2023.

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Virtual Reality in Healthcare Market: Industry Insight

Virtual reality in healthcare is the use of video and audio to engage the patient in the experience of an artificial environment, often in 3D and often with 360 degrees of vision. Healthcare is one of the major adopters of virtual reality that encompasses surgery simulation, phobia treatment, robotic surgery, and skills training. In healthcare, virtual reality is used for medical training, patient treatment, disease awareness as well as medical marketing.

Virtual Reality in Healthcare Market: Drivers and Restraints

The growing use of virtual reality for treating neurological disorders and chronic pains is driving the growth of the virtual reality in the healthcare market. According to the National Institute of Health, chronic pain affects more Americans than diabetes, heart disease and cancer combined. Virtual reality is used for pain management and physical therapy for patients suffering from chronic pains. This technology reduces the dependence of the patients on the opioid drugs and helps to curtail the cost of these drugs. However, the high cost of the devices and technology hinders the growth of virtual reality in the healthcare market. Moreover, the adoption of virtual reality in dentistry and surgeries creates beneficial opportunities for virtual reality in the healthcare market.

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Virtual Reality in Healthcare Market: Segmentation

The report on global virtual reality in the healthcare market is bifurcated into technology type and application. Based on technology, the global virtual reality in the healthcare market is categorized into full immersive VR, semi-immersive VR and non-immersive VR. Based on applications, the global virtual reality in the healthcare market is categorized into surgery simulation, phobia treatment, robotic surgery, education and training, visualization and rehabilitation, post-traumatic stress disorders (PSTD), treatment of autism, diagnosis of cognitive disorders and others. Among the applications, surgery simulation segment held the majority of the revenue share in 2017. Virtual reality enhances surgical processes by using various technologies such as sensors, simulators, and transparent displays to improve the quality of communication between a patient and surgeon. In addition, an increase in the number of chronic diseases and technological advancement are other factors that are increasing the penetration of this technology in surgeries.

Virtual Reality in Healthcare Market: Regional Insight

North America held the maximum market share in the total addressable market. The high disposable income, growing elderly population and the established healthcare sector in the U.S. favor the growth of the North America virtual reality in the healthcare market. In addition, increased awareness about high technology medical devices and the high rate of adoption of technology promote the growth of the virtual reality in the healthcare market in this region. Furthermore, the growing adoption of VR for medical training drives the growth of the market over the forecast period.

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Virtual Reality in Healthcare Market: Competitive Analysis

The virtual reality in the healthcare market is a highly fragmented market. The major companies in the global virtual reality in healthcare market are CAE Healthcare, GE Healthcare, Samsung, Siemens Healthcare, Brainlab AG, Medtronic, Inc., Vital Images, Inc., Vuzix, Corp, Hologic, Inc., and Virtual Realities, LLC among others. Mergers with established healthcare providers and technological advancements in the products are the key strategy of the players in the virtual reality in the healthcare market. In 2017, MindMaze, a VR company has launched MindMotionPRO, a healthcare product offering with VR for early motor rehabilitation in stroke patients.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Virtual Reality in Healthcare.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.