+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

VR in Healthcare Market by Product, Technology and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5118766
  • Report
  • April 2020
  • Region: Global
  • 201 pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Alphabet Inc. (Google)
  • AppliedVR Inc.
  • DAQRI
  • EchoPixel
  • Firsthand Technology Inc.
  • General Electric
The global VR in healthcare market was valued at $240.91 million in 2018 and is projected to reach $2,383.68 million by 2026, registering a CAGR of 33.18% from 2019 to 2026. Virtual reality is one of the current trends in the fields of healthcare and medicine. It reality is the creation of computer generated simulated virtual environment to provide real-life sensory experience to the person. It creates a highly immersive, visual and three-dimensional environment, in which an individual is able to manipulate virtual objects and perform a series of tasks. The environment is either of real or simulated world, in which an individual is able to feel and interact with the objects and characters. Virtual treatment has certain advantages over conventional methods of treatment such as virtual treatment often eliminates the use of drugs and complex invasive surgical procedures for treatment; thus, saving the cost and time.



The major factors that drive the growth of the global virtual reality in healthcare market include rise in incidences of neurological disorders, increase in demand for innovative diagnostic techniques, and increase in awareness regarding the benefits of VR technologies. Moreover, recent advancement in the field of information technology such as advanced computer, laptop, internet connectivity, and mobile applications further fuel market growth. However, high cost of treatment, data privacy concerns of the users, and inaccessibility to virtual reality technology in developing economies are expected to hinder market growth.

The global virtual reality in the healthcare market is segmented on the basis of technology, product, end user, and region. On the basis of technology, the market is segmented into head-mounted, gesture-tracking, and projector & display walls. The market, on the basis of product segmented into VR semiconductor components, VR devices, VR sensors, and others. Based on end user, the VR in healthcare market is categorized into hospitals & clinics, research laboratories, and other end users. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the strategies adopted by top industry players include new product launches. For instance, recently in 2019, AT&T and VITAS Healthcare launched a study combining 5G with virtual reality to help reduce anxiety and chronic pain for hospice patients. The report provides a comprehensive analysis of the key players operating in the global VR in healthcare market, which include Microsoft Corporation, Alphabet Inc. (Google), General Electric, Koninklijke Philips N.V. (Philips), SyncThink Inc., Firsthand Technology Inc., AppliedVR, Inc., EchoPixel, DAQRI, and Orca Health, Inc.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2026, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global AR in healthcare market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS

By Product
  • VR Semiconductor Components
  • VR Devices
  • VR Sensors
  • Others
By Technology
  • Head-Mounted
  • Gesture-Tracking
  • Projector & Display Walls
By End User
  • Hospitals and Clinics
  • Research Laboratories
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Spain
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
KEY MARKET PLAYERS
  • Microsoft Corporation
  • Alphabet Inc. (Google)
  • General Electric
  • Koninklijke Philips N.V. (Philips)
  • SyncThink Inc.
  • Firsthand Technology Inc.
  • AppliedVR, Inc.
  • EchoPixel
  • DAQRI
  • Orca Health, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alphabet Inc. (Google)
  • AppliedVR Inc.
  • DAQRI
  • EchoPixel
  • Firsthand Technology Inc.
  • General Electric
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rise in Incidences of Neurological Disorders
3.3.1.2. Increase in Number of Vr-Based Startups
3.3.2. Restraint
3.3.2.1. Data Privacy Concerns of the Users
3.3.3. Opportunity
3.3.3.1. Rise in Use of Vr in Dentistry and Cancer Therapies

Chapter 4: Vr in Healthcare Market, by Technology
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Head-Mounted Technology
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Analysis, by Region
4.2.3. Market Analysis, by Country
4.3. Gesture Tracking Technology
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Analysis, by Region
4.3.3. Market Analysis, by Country
4.4. Projector & Display Walls Technology
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Analysis, by Region
4.4.3. Market Analysis, by Country

Chapter 5: Vr in Healthcare Market, by Product
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Vr Semiconductor Components
5.2.1. Market Size and Forecast, by Region
5.2.2. Market Analysis, by Country
5.3. Vr Devices
5.3.1. Market Analysis, by Region
5.3.2. Market Analysis, by Country
5.4. Vr Sensors
5.4.1. Market Analysis, by Region
5.4.2. Market Analysis, by Country
5.5. Others
5.5.1. Market Analysis, by Region
5.5.2. Market Analysis, by Country

Chapter 6: Vr in Healthcare Market, by End-user
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Hospitals and Clinics
6.2.1. Market Analysis, by Region
6.2.2. Market Analysis, by Country
6.3. Research Laboratories
6.3.1. Market Analysis, by Region
6.3.2. Market Analysis, by Country
6.4. Other End-users
6.4.1. Market Analysis, by Region
6.4.2. Market Analysis, by Country

Chapter 7: Global Vr in Healthcare Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, by Country
7.2.3. Market Size and Forecast, by Product
7.2.4. Market Size and Forecast, by Technology
7.2.5. Market Size and Forecast, by End-user
7.2.6.1. U. S. Market Size and Forecast, by Product
7.2.6.2. U. S. Market Size and Forecast, by Technology
7.2.6.3. U. S. Market Size and Forecast, by End-user
7.2.6.4. Canada Market Size and Forecast, by Product
7.2.6.5. Canada Market Size and Forecast, by Technology
7.2.6.6. Canada Market Size and Forecast, by End-user
7.2.6.7. Mexico Market Size and Forecast, by Product
7.2.6.8. Mexico Market Size and Forecast, by Technology
7.2.6.9. Mexico Market Size and Forecast, by End-user
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Market Size and Forecast, by Country
7.3.3. Market Size and Forecast, by Product
7.3.4. Market Size and Forecast, by Technology
7.3.5. Market Size and Forecast, by End-user
7.3.5.1. Germany Market Size and Forecast, by Product
7.3.5.2. Germany Market Size and Forecast, by Technology
7.3.5.3. Germany Market Size and Forecast, by End-user
7.3.5.4. France Market Size and Forecast, by Product
7.3.5.5. France Market Size and Forecast, by Technology
7.3.5.6. France Market Size and Forecast, by End-user
7.3.5.7. UK Market Size and Forecast, by Product
7.3.5.8. UK Market Size and Forecast, by Technology
7.3.5.9. UK Market Size and Forecast, by End-user
7.3.5.10. Italy Market Size and Forecast, by Product
7.3.5.11. Italy Market Size and Forecast, by Technology
7.3.5.12. Italy Market Size and Forecast, by End-user
7.3.5.13. Spain Market Size and Forecast, by Product
7.3.5.14. Spain Market Size and Forecast, by Technology
7.3.5.15. Spain Market Size and Forecast, by End-user
7.3.5.16. Rest of Europe Market Size and Forecast, by Product
7.3.5.17. Rest of Europe Market Size and Forecast, by Technology
7.3.5.18. Rest of Europe Market Size and Forecast, by End-user
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Market Size and Forecast, by Country
7.4.3. Market Size and Forecast, by Product
7.4.4. Market Size and Forecast, by Technology
7.4.5. Market Size and Forecast, by End-user
7.4.5.1. Japan Market Size and Forecast, by Product
7.4.5.2. Japan Market Size and Forecast, by Technology
7.4.5.3. Japan Market Size and Forecast, by End-user
7.4.5.4. China Market Size and Forecast, by Product
7.4.5.5. China Market Size and Forecast, by Technology
7.4.5.6. China Market Size and Forecast, by End-user
7.4.5.7. India Market Size and Forecast, by Product
7.4.5.8. India Market Size and Forecast, by Technology
7.4.5.9. India Market Size and Forecast, by End-user
7.4.5.10. Rest of Asia-Pacific Market Size and Forecast, by Product
7.4.5.11. Rest of Asia-Pacific Market Size and Forecast, by Technology
7.4.5.12. Rest of Asia-Pacific Market Size and Forecast, by End-user
7.5. LAMEA
7.5.1. Key Market Trends and Opportunities
7.5.2. Market Size and Forecast, by Country
7.5.3. Market Size and Forecast, by Product
7.5.4. Market Size and Forecast, by Technology
7.5.5. Market Size and Forecast, by End-user
7.5.5.1. Brazil Market Size and Forecast, by Product
7.5.5.2. Brazil Market Size and Forecast, by Technology
7.5.5.3. Brazil Market Size and Forecast, by End-user
7.5.5.4. Saudi Arabia Market Size and Forecast, by Product
7.5.5.5. Saudi Market Size and Forecast, by Technology
7.5.5.6. Saudi Arabia Market Size and Forecast, by End-user
7.5.5.7. South Africa Market Size and Forecast, by Product
7.5.5.8. South Africa Market Size and Forecast, by Technology
7.5.5.9. South Africa Market Size and Forecast, by End-user
7.5.5.10. Rest of LAMEA Market Size and Forecast, by Product
7.5.5.11. Rest of LAMEA Market Size and Forecast, by Technology
7.5.5.12. Rest of LAMEA Market Size and Forecast, by End-user

Chapter 8: Company Profiles
8.1. Microsoft Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.2. Alphabet Inc. (Google)
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.3. General Electric
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves and Developments
8.4. Koninklijke Philips N. V. (Philips)
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.5. Syncthink Inc.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Key Strategic Moves and Developments
8.6. Firsthand Technology Inc.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.7. Appliedvr, Inc.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Key Strategic Moves and Developments
8.8. Echopixel
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.9. Daqri
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Key Strategic Moves and Developments
8.10. Orca Health, Inc.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alphabet Inc. (Google)
  • AppliedVR Inc.
  • DAQRI
  • EchoPixel
  • Firsthand Technology Inc.
  • General Electric
According to the report titled, 'VR in Healthcare Market by Product, Technology, and End User: Opportunity Analysis and Industry Forecast, 2019-2026” the global VR in healthcare market was valued at $0.24 billion in 2018 and is projected to reach $2.38 billion by 2026, registering a CAGR of 33.18% from 2019 to 2026.

VR in healthcare is responsible for transforming the medical sector by overlaying the digital information onto the real-world scenarios. VR applications allow the learners the ability to visualize and interact simultaneously with three-dimensional representations of the body. Currently, virtual reality is used in vein visualization for eliminating the pain caused due to injection and blood taken.

The factors that drive the growth of the VR in healthcare include increase in usage of virtual reality in diagnostic imaging, rehabilitation, and surgical simulation along with rise in number if VR start-ups across the globe. In addition, growth in private and public investments for developing VR technologies in healthcare is expected to propel the growth of VR in healthcare market. However, data privacy concerns of the technology users are anticipated to hamper the growth of the VR in healthcare market.

The VR in healthcare market is classified based on technology, product type, end-user and region. Based on technology, the market is divided into head-mounted, gesture-tracking, and projector & display walls. The projector & display walls segment is currently dominating the global VR in healthcare market and is expected to remain dominant during the forecast period, owing to increase in usage and convenience of the projector & display walls such as touch screen devices, tablets, smart phones, and monitors, among others. However, the head mounted technology segment is projected to witness significant growth due to increase in demand for head-mounted devices in the fields of medicine and research.

Based on product type, the global VR in healthcare market is categorized into VR semiconductor components, VR devices, VR sensors, and others. The VR sensors segment was the major contributor in 2018 and is anticipated to continue this trend during the forecast period due to increase in usage of sensors in movement and gesture tracking in several cancer and neurological surgeries. Based on end user, the hospitals and clinics segment is the highest revenue contributor, owing to growth in adoption of VR in medical training and education.

The report provides a comprehensive analysis of the key players operating in the global VR in healthcare market, which include Microsoft Corporation, Alphabet Inc. (Google), General Electric, Koninklijke Philips N.V. (Philips), SyncThink Inc., Firsthand Technology Inc., AppliedVR, Inc., EchoPixel, DAQRI, and Orca Health, Inc., among others.

Key Findings Of The Study

By product, the VR semiconductor components segment occupied 12.25% share of the VR in healthcare market in 2018.
By technology, head mounted technology segment is anticipated to grow with the highest CAGR throughout the forecast period.
The hospital and clinics segment accounted for 57.7% share of the market in 2018
Note: Product cover images may vary from those shown
  • Microsoft Corporation
  • Alphabet Inc. (Google)
  • General Electric
  • Koninklijke Philips N.V. (Philips)
  • SyncThink Inc.
  • Firsthand Technology Inc.
  • AppliedVR Inc.
  • EchoPixel
  • DAQRI
  • Orca Health Inc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...

Adroll
adroll