The article cited AMA's Global Virtual Reality in Medicine and Healthcare Market Study explored substantial growth with CAGR of %. According the report, Virtual Reality in Medicine and Healthcare is also being Used to Help Women get through Labour Pain
is one of the primary growth factors for the market. Demand for Patients Suffering from Gastrointestinal, Cardiac, Neurological and Post-surgical Pain to Distract them from Painful Stimuli
is also expected to contribute significantly to the Virtual Reality in Medicine and Healthcare market. Overall, Medical Training {Medical Realities}
applications of Virtual Reality in Medicine and Healthcare, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as XRHealth (United States), Pear Therapeutics, Inc. (United States), Firsthand Technology Inc. (United States), SYNCTHINK, Inc. (United States), ImmersiveTouch, Inc. (United States), Osso VR Inc. (United States), EchoPixel (United States), FundamentalVR (United Kingdom), SentiAR, Inc. (United States) and Proximie (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.
The Components, such as Software, is boosting the Virtual Reality in Medicine and Healthcare market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The VR System, such as VR Headsets {Full VR, Windows Mixed reality}, is boosting the Virtual Reality in Medicine and Healthcare market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Hospital, is boosting the Virtual Reality in Medicine and Healthcare market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Virtual Reality in Medicine and Healthcare market identified that the demand is rising in many different parts of the world as "The Emerging Research to Combat COVID-19 which will Increase the Popularity of Virtual Reality in Medicine and Healthcare
". Furthermore, some recent industry insights like "On 7th January 2020, Pear Therapeutics Inc. leader in prescription digital therapeutics (PDT's) announced that they have entered into agreements with multiple technology innovators Firsthand Technology Inc, Winterlight Labs Inc. and NeuroLex Laboratories Inc. These agreements will bolster the Pear's PDT platform by adding to its library biomarkers, machine learning algorithms, and digital therapeutics. They also acquired two clinical-stage digital therapeutics for the treatment of acute and chronic pain form Firsthand Technology. these product candidates employ virtual reality pain relief through a combination of distraction, active physical engagement, mindfulness and biofeedback with wearable sensors. In a clinical trial, the virtual reality treatment demonstrated a reduction in pain of more than 30% from baseline." is constantly making the industry dynamic. One of the challenges that industry facing is "Functionality Issue Involved in Virtual Reality in Medicine and Healthcare as it is Still New and High-Cost Investment in Virtual Reality Technology in Medicine and Healthcare"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Virtual Reality in Medicine and Healthcare market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Virtual Reality in Medicine and Healthcare market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Virtual Reality in Medicine and Healthcare market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Virtual Reality in Medicine and Healthcare market and other related sub-markets covered in the study.
o Key & emerging players in the Virtual Reality in Medicine and Healthcare market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Virtual Reality in Medicine and Healthcare market size is calculated using market estimation process, the Virtual Reality in Medicine and Healthcare market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Virtual Reality in Medicine and Healthcare market size has been validated using both top-down and bottom-up approaches.