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VIRTUAL REALITY IN HEALTHCARE MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023


Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Introduction Report Description

The Global Virtual Reality in Healthcare Market was sized near USD X.X billion in 2016. The global virtual reality in healthcare market is projected to grow with a CAGR of 54.5% during 2017-2023. Technological applications in healthcare have pushed the healthcare industry to a new level, the diagnostic is becoming more accurate and effective day by day. The use of technology has not only improved the diagnostics but also has eased the process of treating the patients. VR is being widely used as an application of Information Technology in healthcare. It uses computer generated multi projected environment to generate realistic images and sounds. Virtual Reality in healthcare Market is an artificial three dimensional environment that is created with software and presented to the user in such a way that the user accepts it as a real environment. Healthcare is projected to be one of the largest application industries of virtual reality over the years to come, it encompasses surgery simulation, phobia treatment, robotic surgery and skills training. One of the major importance of VR in healthcare is that it allows medical professionals to learn new skills as well as refreshing existing skills in a safe environment without causing any danger to the patients. The use of virtual reality in healthcare applications creates highly immersive environment which in turn helps the individuals to perform multiple tasks with the help of virtual objects. The use of virtual treatment helps in reducing the usage of drugs and minimizing the complex surgical procedures of treatment. As a result it helps in reducing the cost and time of diagnostics and treatment. The global VR in healthcare market is driven by factors such as growing healthcare expenditure, growing awareness about the benefits of virtual reality among the users of virtual reality, increasing prevalence of neurological disorders and growing demand for innovating diagnostic techniques. Moreover, the technological advancements in the computing systems and information technologies are likely to support the growth in this market over the years to come. However, high cost associated with VR hardware and devices, Š Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

lack of skilled medical professionals and unclear regulatory guidelines for their medical use are some of the factors restraining growth of this market. Going forward, developing endoscopic surgical techniques, growing numbers of robotic surgeries and rapid growth in healthcare infrastructure in emerging economies are likely to create more opportunities over the forecast period. Furthermore, untapped economies, maintenance of devices and lack of awareness among the patient population are some of the challenges faced by this market. This report estimates the market size of virtual reality in healthcare market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for virtual reality in healthcare market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global virtual reality in healthcare market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of virtual reality in healthcare market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of virtual reality in healthcare market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global virtual reality in healthcare market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

Š Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Segmentation and Research Scope

VIRTUAL REALITY IN HEALTHCARE MARKET SEGMENTATION

VIRTUAL REALITY IN HEALTHCARE MARKET

Technology Type  Full Immersive VR  Semi Immersive VR  Non Immersive VR

Application     

  

Surgery Simulation Phobia Treatment Robotic Surgery Education and Training Visualization and Rehabilitation Post-Traumatic Stress Disorders (PSTD) Treatment of Autism Diagnosis of Cognitive Disorders Others

Region    

North America Europe Asia Pacific RoW

The report on global virtual reality in healthcare market covers segments such as, technology type and application. On the basis of technology type the global virtual reality in healthcare market is categorized into full immersive VR, semi immersive VR and non-immersive VR. On the basis of application the global virtual reality in healthcare market is categorized into surgery simulation, phobia treatment, robotic surgery, education and training, visualization and rehabilitation, post-traumatic stress disorders (PSTD), treatment of autism, diagnosis of cognitive disorders and others.

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Research Methodology Methodology

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the virtual reality in healthcare market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline

Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

 

Accumulation of the country level market size (value) Regional market size of virtual reality in healthcare and its technology type, application

Market Share of Key Players

 

Segment revenue of the key players Country level market size by technology type, application (value)

Key Market Players

Identifying key players in the virtual reality in healthcare market

Arriving at Regional/Country Market Size

 

Accumulation of the regional/country market size (value) Global market size of technology type, application

RESEARCH APPROACHES- TOP-DOWN Global Market

Market Segments

 

Global market size of virtual reality in healthcare market Value for 2016 to 2023

% breakdown by market segments by technology type, application Value for 2016 and 2023

Determine the Regional Market Size

Country Level Market Sizing

Regional market size of the virtual reality in healthcare market (value) Regional market size of technology type, application Country level market size of the virtual reality in healthcare market in every region (value) Country level market size of technology type, application in every region

TOP-DOWN APPROACH

© Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The study on global virtual reality in healthcare market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global virtual reality in healthcare market. The estimates in the global virtual reality in healthcare market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of virtual reality in healthcare market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the devices and category. Executive Summary Global Virtual Reality in Healthcare Market Highlights, (USD Million)

The global virtual reality in healthcare market is expected to grow at a CAGR of 54.5 % between 2017 and 2023 in terms of value. Globally, the VR in healthcare market is driven by factors such as growing awareness about effectiveness of virtual reality among the end users, growing demand for innovative and technologically advanced diagnostic techniques, and rising incidences of neurological disorders. Moreover, growing healthcare expenses and government spending on healthcare infrastructure are likely to support the growth in this market. However, high cost associated with the VR equipment is likely to be the primary restraining factor, moreover unclear regulatory aspects are likely to hamper the growth in this market in the short run. Among the applications of VR in healthcare, robotic surgery submarket segment is the largest revenue generating segment due to increasing demand for robotic surgeries that assist surgeon in visualizing the operating area in close. Visualization and rehabilitation segments Š Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

is anticipated to grow at the highest CAGR rate over the forecast period due to increasing demand in visualization of anatomy structures and image guided surgery procedures. Among the regions, the North America region accounted for the largest market share followed by Europe in 2015 and 2016. Among applications surgical applications segment held majority of the revenue share in 2016. Virtual reality uses various technologies such as sensors, simulators, and transparent displays to improve quality of communication between a patient and surgeon, thus enhancing surgical processes. Increase in number of disease and technological advancement are the key factors for increasing saturation of this technology in surgeries.

GLOBAL VIRTUAL REALITY IN HEALTHCARE MARKET, 2015 – 2023 (USD MILLION)

2015

2016

2017

2018

2019

2020

2021

2022

2023

Value

The VR applications in healthcare industry are gaining popularity with increasing awareness and effectiveness of virtual reality in diagnostics. Moreover, the government initiatives to support the use of VR in treatments is expected to augment the market for VR over the forecast period. The global market size of VR in healthcare segment is projected to grow at a CAGR of 54.5% over the period of 2017-2023.

Š Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL VIRTUAL REALITY IN HEALTHCARE MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)

xxx.x xxx.x

2017

2023

xxx.x

xxx.x xxx.x

xxx.x

2017

2023

2017

2023

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. Market Overview & Competitiveness DRO Analysis

DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global virtual reality in healthcare market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the virtual reality in healthcare market.

© Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Drivers refer to the factors that are expected to drive or boost the market size or demand for virtual reality in healthcare. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of virtual reality in healthcare market both in short run and long run. DRIVERS OF VIRTUAL REALITY IN HEALTHCARE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Driver 1 Driver 2 Driver 3

HIGH

MEDIUM

LOW

RESTRAINTS OF VIRTUAL REALITY IN HEALTHCARE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

RESTRAINTS

MID TERM IMPACT

LONG TERM IMPACT

Restraint 1

Restraint 2

HIGH

MEDIUM

LOW

GR- Growth Matrix Analysis

Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, © Infinium Global Research

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

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High North America

Europe

Asia-Pacific

RoW

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Global Virtual Reality in Healthcare Market, By Technology Type GLOBAL VIRTUAL REALITY IN HEALTHCARE MARKET BY TECHNOLOGY TYPE, 2016 - 2023 (% SHARE) 2023

2016

Full Immersive VR

Semi Immersive VR

Non Immersive VR

GLOBAL VIRTUAL REALITY IN HEALTHCARE MARKET BY TECHNOLOGY TYPE, 2015 - 2023 (USD MILLION)

2015

2016 Full Immersive VR

© Infinium Global Research

2017 Semi Immersive VR

2023

Non Immersive VR

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL FULL IMMERSIVE VR BY REGIONS, 2015 - 2023 (USD MILLION)

GLOBAL SEMI IMMERSIVE VR BY REGIONS, 2015 - 2023 (USD MILLION)

Get 15% discount for early purchase of Global Virtual Reality in Healthcare Market report by clicking the following link, Use code IGRD15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/305

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL NON IMMERSIVE VR BY REGIONS, 2015 - 2023 (USD MILLION)

GLOBAL VIRTUAL REALITY IN HEALTHCARE MARKET BY REGION, 2016 - 2023 (% SHARE)

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Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Company Profiling CAE Healthcare Company Snapshot

CAE Healthcare CONTACT DETAILS: Address: 8585 Côte-de-Liesse, Ville St-Laurent, Québec, Canada, H4T 1G6 Tele: +1.941.377.5562 Website: https://caehealthcare.com KEY FEATURES:

No. of Employees: more than xx No. of countries of operation: xx

SWOT ANALYSIS: STRENGHTS  Sample text  Sample text

OPPORTUNITIES  Sample text  Sample text

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PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-virtualreality-vr-healthcare-market

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VIRTUAL REALITY IN HEALTHCARE MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP  

The Global Virtual Reality in Healthcare Market was sized near USD X.X billion in 2016. The global virtual reality in healthcare market is p...

VIRTUAL REALITY IN HEALTHCARE MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP  

The Global Virtual Reality in Healthcare Market was sized near USD X.X billion in 2016. The global virtual reality in healthcare market is p...

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