The Virtual Reality in Healthcare Market size is estimated to reach USD 8.03 Billion by 2027 from USD 2.06 Billion in 2019, registering a CAGR of 16.21% through the forecast period, according to a new report by Reports and Data. This can be mainly associated with the increasing demand for innovative diagnostic techniques, neurological disorders, and increasing disease awareness. Based on statistics, the advancement in the field of information technology such as laptop, computer, internet connectivity and mobile applications, is also significant factor stimulating market demand.
Due to the constant technological advancement of related products, prevalence of neurological & psychological disorders, and presence of a sophisticated healthcare infrastructure, the North America region accounts for the highest market share of 44.21% in 2018. Moreover, the emerging technological advancements in information technology and government support for integration of these technologies in medical field contribute to the large share of the market. Advantages such as improved flexibility and activity and being able to deploy new applications more quickly are the major reasons for growth in this region. In the United States, organizations, where employees are above 100 in number, are approving cloud-based applications.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global Virtual Reality in Healthcare Market on the basis of Component, Technology, Application, Device type, End user and region:
Component Outlook (Revenue, USD Million; 2016-2026)
Technology Outlook (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
End user Outlook (Revenue, USD Million; 2016-2026)
Device type Outlook (Revenue, USD Million; 2016-2026)
Key Regional Markets Studied in the Report:
Major Highlights of the Virtual Reality in Healthcare Market Report:
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