A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Virtual Reality (VR) In Healthcare – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 19; Released: April 2021
Executive Pool: 13443
Companies: 38 – Players covered include 5DT (Fifth Dimension Technologies); CAE Healthcare; EON Reality; Firsthand Technology; GE Healthcare; Intuitive Surgical, Inc.; Medtronic, Inc.; Mimic Technologies Inc.; Philips Healthcare; Siemens Healthineers; Surgical Science Sweden AB; Virtually Better, Inc.; Vital Images, Inc.; Vuzix Corporation; WorldViz and Others.
Coverage: All major geographies and key segments
Segments: Offering (Hardware, Software, Services); Application (Visualization, Medical Training/Teaching, Pain Management, Disability & Rehabilitation, Computer Assisted Surgery, Mental Health & PTSD, Other Applications); End-Use (Hospitals, Clinics, & Surgical Centers, Diagnostic Laboratories, Healthcare Institutes, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Virtual Reality (VR) In Healthcare Market to Reach $1.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Virtual Reality (VR) In Healthcare estimated at US$336.9 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 30.7% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 34.2% CAGR and reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 26.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $138.4 Million in 2021, While China is Forecast to Reach $290.2 Million by 2026
The Virtual Reality (VR) In Healthcare market in the U.S. is estimated at US$138.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$290.2 Million by the year 2026 trailing a CAGR of 29.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28% and 26% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.
Services Segment to Reach US$353.6 Million by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 28% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$63.3 Million in the year 2020 will reach a projected size of US$355.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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