Virtual Reality in Therapy Market Analysis and Demand with Forecast To 2027
                     Virtual Reality in Therapy Market Analysis and Demand with Forecast 
To 2027
Global Virtual Reality in Therapy Market, By Device (Head mount, Gesture 
Control), By Technology (Non-Immersive, Fully Immersive), By Application 
(Phobia Treatment, Robotic Surgery) - Forecast 2027
Brief Industry Insights
The analysis by MRFR asserts that the global Virtual Reality in therapy market 2020 is expected to generate a 
revenue of around USD 3.9 Billion by the end of the forecast period. The slated CAGR for this time span will 
be 32%.
This market's immense expansion can be attributed to the growth of artificial intelligence and its entry into the 
healthcare sector. The global healthcare sector is currently in a process of technical transformation. In 
addition, factors such as high penetration of mobile devices and the hospital demand for an simple way to 
educate healthcare practitioners, trainee medical students or patients on surgical and therapeutic procedures, 
and making it more effective for surgeons to closely imagine the operating areas, are the factors slated to 
boost the growth of virtual reality in the therapy market. Because of it, It can be asserted with confidence that, 
over the next seven years , the global market for virtual reality in therapy will rise at leaps and bounds.
One of the major factors driving market growth happens to be the virtual therapy advantages compared to 
conventional therapies. When a patient experiences this form of treatment it eliminates the need for drugs or 
invasive surgery. Therefore saving a lot of time and money. Many hardware vendors and suppliers of medical 
devices have embarked on joint ventures with the aim of developing a new product or service. That is another 
aspect that has a positive impact on market growth.
Additional growth propellers such as technological advances, government support, increased demand for 
improved technological solutions, increased adoption of handheld medical devices and the need for better 
educational means for medical students further foster market growth. While, the market can face certain 
constraints including stringent rules & policies and price related issues. Experts believe, however, that as the 
market progresses it will tackle such minor problems.
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Segmental Analysis
The worldwide virtual reality in therapy market has been segmented on the basis of 
applications, technology, devices and regions.
Based on Applications, the market has been segmented into phobia treatment, 
Robotic Surgery, surgery simulation, treatment of treatment of autism, post-traumatic 
stress disorder, robotic surgery, rehabilitation and visualization.
Based on the Technologies, the market has been segmented into Semi-immersive 
VR, full-immersive and non-immersive VR.
Based on the Devices, the market has been segmented into Gesture control, 
projectors and head mount.
Comprehensive Regional Analysis
The virtual reality in therapy market has been effective in expanding across the globe. 
The main regions where it prevails are North America, Europe, Asia Pacific and Rest 
of the World.
Region-wise North America holds the largest market share, and this is primarily due to the business 
being brought in by countries such as Canada and the US. This area is experiencing a huge demand for 
high-end technological solutions, a higher number of research & development activities and a greater 
acceptance of virtual reality in the healthcare sector. This is due to increased demand for high-end 
technology solutions, increased R&D in this region, and increased use of virtual reality in the healthcare 
sector.
During the projection period, Asia Pacific is estimated to expand tremendously, as it has a huge number 
of investors and producers.
Comprehensive Regional Analysis
The key players in the global virtual reality in therapy market include- Siemens Healthcare (Germany), 
Virtalis Ltd (U.K.), CAE Healthcare (U.S.), GE Healthcare (U.S.), Virtual Realities, Llc (U.K.), Qualcomm 
Technologies, Inc. (U.S.), Samsung Group (South Korea), Vuzix (U.S.), Mimic Technologies Inc, (U.S.), 
Brainlab (Germany) among others.
In the market for therapy the global virtual reality is highly competitive. A competitive landscape is 
formed by diverse established international brands, domestic brands and new entrants. Through various 
strategic mergers and acquisitions, innovation, increasing investment in research and development and 
cost-effective product portfolio, the key players are increasingly seeking market expansion. Because of 
the presence of several large vendors the virtual therapy market is highly competitive.
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Market Players & Key Strategies
Some of the most renowned and longstanding players of this market can be listed as Virtual Realities, 
Siemens Healthcare, Samsung Group, Brainlab and Mimic Technologies.
The global market for virtual reality in therapy is intensely competitive. To make their mark, market 
players have to employ a number of development tactics. Some of the major strategies used by them 
are strategic partnerships and mergers with other companies.
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