Virtual Reality in Therapy Market Scenario:
Virtual reality in therapy market is poised for tremendous growth over the forecast period of 2017-2023. The immense expansion of this market can be attributed to the growth of artificial intelligence and its arrival into the healthcare sector.

Virtual reality is basically a computer-generated virtual environment that provides real-life sensory experiences to the recipient. This technology has the capability to construct a three dimensional, visual and intriguing environment. In such a form of an alternate reality a person can control the virtual elements and also carry a number of tasks. The environment created can either be real or imitated depending on the situation and purpose

Currently, the global healthcare industry is in a phase of technological reformation. Owing to this, it can be confidently affirmed that the global market for virtual reality in therapy will grow by leaps and bounds through the next seven years. The market is expected to generate a revenue of around USD 3.9 Billion by the end of the forecast period. The estimated CAGR for this time span will be 32%.

One of the major factors that drive the growth of the Virtual Reality in Therapy Market Share happens to be advantages of virtual therapy in comparison to conventional therapies. When a patient undergoes this form of treatment the need for drugs or invasive surgeries is eliminated. Thus, saving a whole lot of time and money.

Many hardware vendors and medical device providers have embarked upon joint ventures with an aim to devise a new product or service. This is another aspect that positively impacts the growth of the market.

Additional growth propellers like technological advancements, government support, increased demand for improved technological solutions, higher adoption of handheld medical instruments and the need for better means of education for the medical students further foster the growth of the market.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/virtual-reality-therapy-market-4345

Major Key Players:
Players leading the global virtual reality in therapy market include Virtalis Ltd (UK), Siemens Healthcare (Germany), CAE Healthcare (US), Virtual Realities, LLC (UK), GE Healthcare (US), Qualcomm Technologies, Inc. (US), Vuzix (US), Samsung Group (South Korea), Brainlab (Germany), and Mimic Technologies Inc, (US), among others.

Virtual Reality in Therapy Market Segmentations:
The report segments the market into four key dynamics to widen the scope of understanding,
• By Device: Head mount, Gesture Control, and Projectors
• By Technology: Full Immersive VR, Non-Immersive, and Fully Immersive.
• By Application: Phobia Treatment, Robotic Surgery, Visualization, Rehabilitation, Treatment of Post-Traumatic Stress Disorder, Treatment of Autism, and Surgery Simulation, among others.
• By Region: Asia Pacific, Europe, North America and Rest-of-the-World (RoW).

Virtual Reality in Therapy Market Regional Analysis:
The North American region leads the global virtual reality in therapy market. Attributing to the growing demand for high-end technology solutions to treat an increasing number of mental conditions like ADHD and PTSD, the VR in therapy market in this region commands the largest market share on the global platform.

Moreover, increasing R&D activities for various therapies and rising usage of VR technology in the healthcare sector drives the regional market. The virtual reality in therapy market in the US and Canada lead the regional market, heading with the high healthcare expenditure. Continuing with these growth trends, North America is expected to retain its dominance throughout the forecast period, creating a considerable revenue pocket.

Virtual Reality in Therapy Market Competitive Analysis:
Highly competitive, the virtual reality in therapy market appears to be fragmented characterized by the presence of various small and large-scale players. Well-established players incorporate strategic initiatives such as acquisition, collaboration, expansion, and product launch to gain a competitive edge in the market.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]