Changing dimensions in methods of patient treatment and healthcare services are driving the adoption of virtual reality tools in the healthcare market, states Transparency Market Research (TMR) in a new research report. The report is titled, “Virtual Reality (VR) in Healthcare Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019.”
According to the report, the primary factor boosting the demand for virtual reality in the healthcare sector is the growing adoption of augmented reality tools for enhancing treatment facilities. Virtual reality technology is also adopted by manufacturers of medical devices, hospitals, medical schools, and defense sector. It also provides an easy and efficient training to medical trainees for therapeutic and surgical procedures as it supports robotic surgery.
The study says that the primary factors that are likely to drive the demand for virtual reality tools are the growing adoption of these tools for the treatment of neurological disorders, rising awareness about benefits of virtual reality among patients, and the burgeoning demand for advanced diagnostic equipment.
The study further states that factors such as the advent of robotic or computer assisted systems and simulation tools and the rising popularity of endoscopic surgical technique are likely to provide companies with lucrative growth prospects to capitalize on. Geographically, the global market for virtual reality in healthcare is segmented into Europe, Asia Pacific, North America, and the Rest of the World.
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The report offers an overview of the historical growth trajectory, present market situation, and future growth prospects of the global virtual reality in healthcare market. It also evaluates the prevalent trends and the prime elements at play in the market. The study further highlights the factors that are likely to positively or negatively impact the growth of the global virtual reality in healthcare market. The report also projects the revenue and volume growth of the market.
The study explores the product portfolio, key strategies, and share of leading companies operating in the global virtual reality in healthcare market. It offers a clear understanding of the competitive landscape of the market by utilizing Porter’s five forces analysis. The report also offers information regarding the barriers to entry and exit in the global virtual reality in healthcare market.
The report states that virtual reality technology is likely to gain visibility as a potential diagnostic tool in the form of 3D simulation for the clinical treatment of severe pain in victims of burn, anxiety, depression, post-traumatic stress disorder, autism, and phobias. This technology is effective in the treatment of pain as it increases cognitive activity, thus decreasing the need for narcotics and painkillers.
The key companies operating in the market are Siemens Healthcare, Intuitive Surgical Inc., Philips Healthcare, Medtronic Inc., GE Healthcare, CAE Healthcare, and Brainlab AG among others.
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