- The key vendors in the global virtual reality market in healthcare 2015-2019 are DeepStream VR, EON Reality, VirtaMed, Vuzix, Virtalis and WorldViz
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global virtual reality (VR) market in healthcare 2015-2019. Rapid technological advancements, evolving industry standards, and the high growth potential of VR in healthcare are encouraging companies to enter the market. These companies are focusing on providing a new experience and a better understanding of human anatomy to healthcare professionals by introducing innovative VR applications. The global virtual reality market in healthcare is expected to grow at a CAGR of 19.37% during the forecast period of 2014-2019.
Of late, the scientists and medical professionals have been developing and implementing VR that can aid them in training, diagnosing, and treatment. Some of the key applications of VR in the healthcare sector include exposure therapy, PTSD treatment, surgical training, telesurgery and pain management. Healthcare professionals are increasingly investing in VR technology to reduce medical errors and lower training costs through simulation-based medical education programs.
“GCC countries like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE are likely to invest significantly in VR technology for healthcare applications,” says Faisal Ghaus, Vice President of Technavio Research.
“Moreover, APAC is also a high potential region for VR owing to rise in the disposable income of people. Also, the region is witnessing the expansion of VR healthcare system providers.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Virtual Reality in Healthcare 2015-2019, please send an e-mail to media@TechNavio.com
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