LONDON, May 30, 2016 /PRNewswire/ -- According to the new report "Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast: 2016 - 2020" by SA-Business Research & Consulting Group, global healthcare virtual & augmented reality hardware market is anticipated to grow quicker at a CAGR of 29.2% from 2016 to 2020 and accounted for a value share of 43.7%.
North America continues to lead the combined healthcare virtual reality hardware and software market with a share of 41.7% in 2015. The report focuses on this budding market for six regions of North America, Europe, Asia-Pacific, Latin-America, Middle-East and Africa. The analysis encompasses a holistic view on adoption and awareness, social, political, economic, technological, legal and environmental. This "PESTLE" analysis has proven to portray the best possible market outcome that was further verified by SA-BRC survey among industry experts and key opinion leaders. High awareness, purchase power, availability of excellent local VR/AR integrators and technicians has enabled North America to stay several steps ahead in the race. The economic and political unrest in Brazil, LATAM's largest economy is anticipated to affect growth of the overall healthcare industry for next few years, however growth potentials are abundant. Countries such as Israel and United Arab Emirates have been at the forefront of Middle-East expenditure on healthcare. Israel ranks among the first five countries in terms of healthcare quality and infrastructure. The region is also highly progressive in terms of research in life sciences.
Several European healthcare VR companies are partnering with middle-eastern entities to capitalize on a growing market that is experimenting with modern new age technologies. VirtaMed AG a Swiss company and Leader Healthcare FZCO have signed a distribution contract that covers Gulf Cooperation Council (GCC) countries of Kuwait, Oman, Bahrain, Saudi Arabia, Qatar, and the United Arab Emirates. According to the company press release Leader Healthcare will distribute virtual reality simulators VirtaMed ArthroS™, VirtaMed UroSim™, and VirtaMed HystSim™ throughout the region.
The report also covers over 30 companies operating in the hardware and software domain of healthcare virtual & augmented reality. Notable companies include Immersive Touch, CAE Healthcare, Philips Healthcare, Brainlab AG, Engineering Systems Technologies, 3D Systems (Symbionix), Psious, SimSurgery, Mimic Technologies, Simulab Corporation, EON Reality Inc, Swemac, Epona, Voxel-Man, GE Healthcare, Intuitive Surgical, EchoPixel, Surgical Science Sweden AB, Mentice, Laerdal, Viscira, Simulab Corporation, VRMagic, Mindflux, eoSurgical, SeeMe, Dassault Systems, Barco Electronic Systems Pvt. Ltd. Simulated Surgical Systems LLC, Ossim Technologies, VirtaMed, Immersion Medical, SimQuest, MindMaze and Hewlett Packard.
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