According to Goldstein Research, “Innovative treatment approach with advance technologies is transforming the whole spectrum of healthcare industry. Application of VR technology in medical sector gives an advantage over conventional treatment methods and helps in understanding complex surgeries and reduces complications. VR technology applied for developing mobile apps to provide instructions in health and fitness management is gaining huge popularity and is projected to drive the growth for virtual reality market in the near future.” Global virtual reality (VR) market segmentation has been carried out on the basis of components, devices and end user. End-user segment is further categorized into gaming & entertainment, healthcare, consumer electronics, manufacturing and aerospace & defense industry. Gaming & entertainment and defense industry is estimated to hold more than 70% of market share during the forecast period. Moreover, rising trend in the adoption of virtual reality (VR) te
