JERSEY CITY, New Jersey, July 2, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Virtual Reality in Healthcare Market by Component (Hardware, Software, and Content), by Application (Pain Management, Education and Training, Surgery, Patient Care Management, Rehabilitation, Therapy Procedure & Post-Traumatic Stress Disorder (PTSD))". According to Verified Market Research, the Global Virtual Reality in Healthcare Market was valued at USD 2.14 Billion in 2019 and is projected to reach USD 33.72 Billion by 2027, growing at a CAGR of 41.2% from 2020 to 2027.
This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.
Global Virtual Reality in Healthcare Market Overview
The occurrence of pain management due to chronic pain after surgery and delay in recovery is a substantial factor for the rise of Virtual Reality in the Healthcare market. Virtual reality emerges as a suitable alternative which calms the patient before and during the painful medical procedures. The rise in investments of organizations by Research and Development in Virtual Reality (VR) in Healthcare is a significant aspect, which will reduce the healthcare cost and will drive the market growth. The health insurers have made large investments in the shift from cure to prevention, and features of health plans are already being accepted by the consumer population. In encouraging people to stay healthy, the challenge is to help them visualize how minor changes can add up to large differences – how a healthy diet and regular exercise can benefit the patients in the long run. In December 2019, the VR headsets were used at the patients of St George Hospital in the UK. 100% of patients reported that their hospital experience had improved, and 94% said they felt quite relaxed, and 80% experienced minimum pain after wearing the headset, and 73% felt less anxious.
The rise of virtual reality healthcare startups is predicted to increase market growth. For instance, Mindmaze, a neurotechnology company, utilizes the VR headsets and brain imaging procedure to aid stroke victims to recover after an injury. Its technology is used to relieve phantom pain for amputees. The cost of Virtual Headsets is less as compared to the expensive surgical instruments and devices. Other features such as ongoing activities responsible for developing the Virtual Reality Infrastructure will augment the market growth. The major players in the market are Google, Samsung, Atheer Inc, InTouch Technologies, Augmedix, Inc, Firsthand Technology, Microsoft, Medical Realties, Mindmaze, Psious.
Verified Market Research has segmented the Virtual Reality in Healthcare Market on the basis of Component, Application, Geography
Virtual Reality in Healthcare Market by Component
Virtual Reality in Healthcare Market by Application
Healthcare Mobility Solutions Market by Product & Services (Enterprise Mobility Platforms, Mobile Applications (Apps), Mobile Devices), by Application (Enterprise Solutions, mHealth Applications), by End User (Payers, Providers, Patients), Geography, Forecast, 2020-2027
Healthcare Supply Chain Management Market by End User (Manufacturers, Distributors, Providers), by Component (Software, Hardware), by Delivery (Web Based, Cloud Based, On-Premise), Geography, Forecast, 2020-2027
Healthcare IT Solutions Market by Payer Solutions (Pharmacy Audit and Analysis System, Claims Management Solutions, Fraud Management Solutions, Member Eligibility Management Solutions), by Geography, Forecast, 2020-2027
Neuromicroscopy Market by Product Type (Devices, Softwares, Services), by End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), by Modality (Standalone Devices, Portable Devices), Geography, Forecast, 2020-2027
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defence, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.