global healthcare virtual reality & augmented reality systems market assessment & forecast...
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Published: May, 2016
Global Healthcare Virtual Reality & Augmented
Reality Systems Market Assessment &
Forecast: 2016-2020
Segments Assessed:
Software Market by Applications – Training & Planning, Rehabilitation,
Robotic & Minimally Invasive Surgery Simulation, Immersion Therapy and Medical
Research & Development
Hardware Market by Components – Tracking Sensors, Haptic Controllers
(Hand Devices, Gloves, Body Units, Foot Devices & Treadmills), Display Devices
(Desktop Display Systems, Head Mounted Display Systems), Other Hardware
Components
Geographies Assessed: North America, Europe, Asia-Pacific, Latin America,
Middle-East and Africa.
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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About Us
Spearhead Acuity Business Research & Consulting (SA-BRC) Private Limited (OPC) is a premium Life
Science business intelligence and data analytics firm. The SA-BRC team offers a wide range of
business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service
Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all
other individuals in the entire value chain of healthcare industry. Our research and consulting
capabilities extend across several sub-domains within the sphere of Life Sciences such as
Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and
Pharmaceuticals.
Our skills and capabilities help in putting forth the most accurate perspective of the market. We track
all major and minor events that create ripples and affect the life-science market in different ways.
Our data modeling process includes the evaluation of impacting events and analyzing other
invaluable sources (public & proprietary) of information and finally reporting results that will
influence the decision making of the readers.
SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals
strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media
analytics, competitive mapping, market entry and post marketing surveillance. We frequently build
panels of experts for gathering data and invite participants of the healthcare industry to share their
opinions and views on our reports. Our current network of industry experts span across all major
life-science domains and take pride in keeping ourselves abreast with the latest happenings within
the sphere of Life-Science.
Report:
GLOBAL NON-VASCULAR
STENTS MARKET
2013-2019
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Table of Content
Chapter 1 Preface 9
1.1 Research Scope 9
1.1.1 Market Segmentation 11
1.1.2 Postulations 12
1.2 Methodology of Research 13
1.2.1 Companies covered in this report 14
Chapter 2 Précis 15
2.1 Market Inferences 15
Chapter 3 Market Dynamics 17
3.1 Market Drivers 17
3.1.1 Fully immersive VR to drive the growth for immersion therapy areas such as depression and phobia 17
3.1.2 Growing demand from medical schools for virtual training training 17
3.1.3 High growth in demand for VR in robotic surgeries 18
3.1.4 Global rise in demand for increase in surgical planning 18
3.2 Market Inhibitors 18
3.2.1 Technological limitations continue to restrict growth 18
3.2.2 Virtual and augmented reality systems require intensive technical expertise to maintain 19
3.3 Opportunities 19
3.3.1 High quality tactile feedback systems are anticipated to be in great demand 19
3.3.2 Pharmaceutical opportunities associated with virtual & augmented reality 19
Chapter 4 Healthcare Virtual Reality & Augmented Reality Systems –
Global Software Market Size Assessment, by Applications,
Forecast: 2016 - 2020 20
4.1 Introduction 20
4.2 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Training & Planning, US$ Mn (2014 - 2020) 21
4.3 Global Healthcare Virtual Reality & Augmented Reality Software
Market, by Rehabilitation, US$ Mn (2014 - 2020) 22
4.4 Global Healthcare Virtual Reality & Augmented Reality Software
Market, by Robotic & Minimally Invasive Surgery Simulation, US$ Mn (2014 - 2020) 23
4.5 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Immersion Therapy, US$ Mn (2014 - 2020) 24
4.6 Global Healthcare Virtual Reality & Augmented Reality Software
Market, by Medical Research & Development, US$ Mn (2014 - 2020) 25
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Chapter 5 Healthcare Virtual Reality & Augmented Reality Systems –
Global Hardware Market Size Assessment, by Components,
Forecast: 2016 - 2020 27
5.1 Introduction 27
5.2 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Tracking Sensors, US$ Mn (2014 - 2020) 28
5.3 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Haptic Controllers, US$ Mn (2014 - 2020) 29
5.3.1 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Hand Devices, US$ Mn (2014 - 2020) 30
5.3.2 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Feedback Gloves, US$ Mn (2014 - 2020) 31
5.3.3 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Body Units, US$ Mn (2014 - 2020) 32
5.3.4 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Foot Devices/Treadmills, US$ Mn (2014 - 2020) 32
5.4 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Display Devices, US$ Mn (2014 - 2020) 33
5.4.1 Global Healthcare Virtual Reality & Augmented Reality Display Devices Market, by Desktop Display Systems, US$ Mn (2014 - 2020) 34
5.4.2 Global Healthcare Virtual Reality & Augmented Reality Display Devices Market, by Head Mounted Display Systems, US$ Mn (2014 - 2020) 35
5.5 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Other Hardware Components, US$ Mn (2014 - 2020) 36
Chapter 6 Healthcare Virtual Reality & Augmented Reality Systems –
Global Market Size Assessment, by Geography, Forecast:
2016 – 2020 38
6.1 Introduction 38
6.2 North America Healthcare Virtual Reality & Augmented Reality Systems Market, US$ Mn (2014 - 2020) 39
6.3 Europe Healthcare Virtual Reality & Augmented Reality Systems
Market, US$ Mn (2014 - 2020) 41
6.4 Asia-Pacific Healthcare Virtual Reality & Augmented Reality Systems Market, US$ Mn (2014 - 2020) 43
6.5 Latin America Healthcare Virtual Reality & Augmented Reality Systems Market, US$ Mn (2014 - 2020) 45
6.6 Middle-East Healthcare Virtual Reality & Augmented Reality Systems Market, US$ Mn (2014 - 2020) 46
6.7 Africa Healthcare Virtual Reality & Augmented Reality Systems
Market, US$ Mn (2014 - 2020) 48
Chapter 7 Key Players Analysis: Global Healthcare Virtual Reality &
Augmented Reality Systems Market, 2015 (%) 51
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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7.1 Key Players Market Share: Healthcare Virtual Reality & Augmented
Reality Systems Market, 2015 (%) 51
7.2 Global Healthcare Virtual Reality & Augmented Reality Systems Market: Recent Developments 2013-2015 52
7.2.1 Mergers and Acquisitions 52
7.2.2 Joint Ventures, Expansion and Collaborations 52
7.2.3 New Product Launches, Approvals and Recalls 53
Chapter 8 Epilogue 55
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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List of Figures
FIG. 1 Market Segmentation: Global Virtual Reality & Augmented Reality Systems Market 11
FIG. 2 Research Methodology: Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment 13
FIG. 3 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Segment, 2014 – 2020 (US$ Million) 16
FIG. 4 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Geography, Comparison Analysis, (Value- % Share) 2015 & 2020 16
FIG. 5 Healthcare Virtual Reality & Augmented Reality Software – Global Market Share, by Applications 2015 & 2020 (% Share - US$ Million) 20
FIG. 6 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Training & Planning, 2014 – 2020 (US$ Million) 21
FIG. 7 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Rehabilitation, 2014 – 2020 (US$ Million) 22
FIG. 8 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Robotic & Minimally Invasive Surgery Simulation, 2014 – 2020 (US$ Million) 23
FIG. 9 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Immersion Therapy, 2014 – 2020 (US$ Million) 24
FIG. 10 Global Healthcare Virtual Reality & Augmented Reality Software Market, by Medical Research & Development, 2014 – 2020 (US$ Million) 26
FIG. 11 Healthcare Virtual Reality & Augmented Reality Systems – Global Market Share, by Hardware Components 2015 & 2020 (% Share - US$ Million) 27
FIG. 12 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Tracking Sensors, 2014 – 2020 (US$ Million) 28
FIG. 13 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Haptic Controllers, 2014 – 2020 (US$ Million) 29
FIG. 14 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Hand Devices, 2014 – 2020 (US$ Million) 30
FIG. 15 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Feedback Gloves, 2014 – 2020 (US$ Million) 31
FIG. 16 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Body Units, 2014 – 2020 (US$ Million) 32
FIG. 17 Global Healthcare Virtual Reality & Augmented Reality Haptic Controllers Market, by Foot Devices/Treadmills, 2014 – 2020 (US$ Million) 33
FIG. 18 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Display Devices, 2014 – 2020 (US$ Million) 34
FIG. 19 Global Healthcare Virtual Reality & Augmented Reality Display Devices Market, by Desktop Display Systems, 2014 – 2020 (US$ Million) 35
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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FIG. 20 Global Healthcare Virtual Reality & Augmented Reality Display Devices Market, by Head Mounted Display Systems, 2014 – 2020 (US$ Million) 36
FIG. 21 Global Healthcare Virtual Reality & Augmented Reality Display Devices Market, by Head Mounted Display Systems, 2014 – 2020 (US$ Million) 37
FIG. 22 Key Players Market Share: Global Healthcare Virtual Reality & Augmented Reality Systems Market, 2015 (%) 51
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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List of Tables
TABLE 1 List of companies covered in this report 14
TABLE 2 Global Healthcare Virtual Reality & Augmented Reality Software Systems Market, by Geography, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 38
TABLE 3 Global Healthcare Virtual Reality & Augmented Reality Hardware Systems Market, by Geography, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 39
TABLE 4 North America Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 40
TABLE 5 North America Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 41
TABLE 6 Europe Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 42
TABLE 7 Europe Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 42
TABLE 8 Asia-Pacific Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 43
TABLE 9 Asia-Pacific Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 44
TABLE 10 Latin America Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 45
TABLE 11 Latin America Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 46
TABLE 12 Middle-East Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 47
TABLE 13 Middle-East Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 48
TABLE 14 Africa Healthcare Virtual Reality & Augmented Reality Software Market, by Applications, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 49
TABLE 15 Africa Healthcare Virtual Reality & Augmented Reality Hardware Market, by Segment, 2014 - 2020 (US$ Mn) (CAGR: 2016 – 2020) 50
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Chapter 1 Preface
1.1 Research Scope
Chapter Number Segment Description
Chapter 1:
Preface
Research Scope
The preface provides a brief overview of the contents of
the research report. The overview is further
supplemented by a graphical representation of the
market segments analyzed in the report. This is followed
by the postulations or assumptions considered for
analysis of different market segments.
Research Methodology
Provides the methodology adopted by SA-BRC while
estimating the current and future market in terms of
value.
Chapter 2:
Précis Inferences & Summary
The chapter lists down key (quantitative and qualitative)
highlights and takeaways of the market as reported in
the study.
Chapter 3:
Market Dynamics
Drivers, Inhibitors &
Opportunities
Explains the foremost factors that are affecting the
growth (positively and negatively) of the Global
Healthcare Virtual & Augmented Reality Systems Market
Chapter 4:
Global Healthcare Virtual
& Augmented Reality
Software Market Size &
Forecast, by Applications
Market Estimations for
healthcare virtual &
augmented reality
software based on five
application areas for
years 2014-2020
Segments Include: Training & Planning, Rehabilitation,
Robotic & Minimally Invasive Surgery Simulation,
Immersion Therapy and Medical Research &
Development. Estimates market value with 2014 & 2015
as historical years and forecast of 2016-2020
Chapter 5: Global
Healthcare Virtual &
Augmented Reality
Hardware Market Size &
Forecast, by
Components
Market Estimations for
healthcare virtual &
augmented reality
hardware based on 4
different components and
6 sub-segments for years
2014-2020
Segments Include: Tracking Sensors, Haptic Controllers,
Display Devices & Other Hardware Components.
Sub-Segments Include: Within Haptic Controllers (Hand
Devices, Gloves, Body Units, Foot Devices & Treadmills)
and within Display Systems (Desktop Display System
and Head Mounted Display Systems). Estimates market
value with 2014 & 2015 as historical years and forecast
of 2016-2020
Chapter 6: Global
Healthcare Virtual &
Augmented Reality
Systems Market Size &
Forecast by Geography
Regional Analysis of
Global Healthcare Virtual
& Augmented Reality
Systems Market by
Hardware & Software sub-
Provides estimates by value for 6 geographies of North
America, Europe, Asia-Pacific, Latin America, Middle-
East and Africa. Estimates market value for all
healthcare virtual & augmented reality segments
(hardware and software) with 2014 & 2015 as historical
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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segments for years 2014-
2020
years and forecast of 2016-2020
Chapter 7:
Key Players Market
Analysis
Recent Developments &
Competitive Strategies
and Competitive
Landscape
Provides Market Share by Key Player for 2015. The
Section also elaborates recent developments for the
years 2014, 2015 & 2016 based on events for past 3
years.
Chapter 8:
Epilogue
Postscript Qualitative
Overview
Provides postscript content to the report and includes an
informal perspective on the market with the best
possible outcome by the end of forecast period.
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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1.1.1 Market Segmentation
FIG. 1 Market Segmentation: Global Virtual Reality & Augmented Reality Systems Market
Source: SA-BRC Analysis
Global Healthcare Virtual & Augmented Reality Systems Market Assessment: Forecast 2016 - 2020
Hardware Market, By Components
Demography
Tracking Sensors North America
Europe
Asia-Pacific
Latin America
Middle-East
Africa
Haptic Controllers
Software Market, By Applications
Training & Planning
Rehabilitation
Robotic & Minimally Invasive Surgery
Immersion Therapy
Hand Devices
Feedback Gloves
Body Units
Display Systems
Desktop Display Systems
Head Mounted Display Systems
Medical Research & Development
Foot Devices/Treadmills
Other Hardware Components
Tracking Sensors
Haptic Controllers
Immersion Therapy
VR Display Systems
Medical Research & Development
Other Hardware Components
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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1.1.2 Postulations
This section covers assumptions and postulations or hypotheses considered during the research of
the market. The assumptions considered for estimating the complete forecast of the Global
Healthcare Virtual & Augmented Reality Systems Market have been detailed below:
The report assumes that no major economic depression or surge occurs during the forecast
period. These extreme variations may take place due to environmental challenges, global
economic cues, wars and other factors.
The global healthcare virtual & augmented reality market is highly fragmented and includes
a large number of privately owned companies that do not disclose financial information.
Market share analysis is provided based on internal data repository, surveys with key
opinion leaders and domain experts. Market share percentage of “Others” segment may
comprise of companies having larger share than those cited in the analysis
The market for desktop display systems is assumed to include all types of display devices
excluding head-mounted displays. This encompasses display devices attached to complete
VR systems offered by virtual reality equipment manufacturers and display devices used for
imaging in CAVE environments
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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1.2 Methodology of Research
FIG. 2 Research Methodology: Global Healthcare Virtual Reality & Augmented Reality Systems
Market Assessment
Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that
cannot be compiled in entirety
Quantitative
Research
Qualitative
Research
Primary Research Secondary/Desk Research
Online-web (CATI/CAWI/CAPI)
Telephonic and video conference
Interviewee Location: Multiple respondents
from each of 6 geographies
Interviewee Field Exp.: All Interviewees were c-
level, d-level, VP level and senior management
Target Information: validation of secondary
findings; cross-verification of other primary
interviews
Organization – Hospitals, Medical Schools,
Device Users, Manufacturers and Distributors
Proprietary third party databases
In-house data repository
Company sites
Annual Reports/ SEC Filings
Investor presentations
Equity & Stock
(Seeking Alpha, Zacks, The Motley Fool, Forbes
etc.)
Primary Research Secondary/Desk Research
Online forums/blogs
Online communities/Patient Advocacy Groups
Online chat with KOLs/experts
Focused Group Discussions
Target Information: Insights on market trends,
market impact factors, marketing and
awareness programs etc.
Tech Republic
Techcrunch
Virtual Reality Times
Gizmag
Engadget
Medical Futurist
HealthcareITNews
International Society for Virtual Rehabilitation
American Psychological Association
Digital Bodies
Data triangulation was done for the information (quantitative/qualitative) collected through
primary and secondary sources. Analysis also included evaluation of all major macro and
microeconomic factors.
Post data triangulation process, the summary of our study was shared with KOLs and industry
experts to suggest further insights to our analysis as well as validate the overall Healthcare Virtual
& Augmented Reality Systems Market.
Key Findings
Market Forecast
Insight Generation
Spearhead-Acuity Team
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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1.2.1 Companies covered in this report
TABLE 1 List of companies covered in this report
S. No Company Name S. No Company Name
1 Immersive Touch 2 Simulated Surgical Systems LLC
3 CAE Healthcare 4 Ossim Technologies
5 3D Systems (Symbionix) 6 VirtaMed
7 Psious 8 Immersion Medical
9 SimSurgery 10 EchoPixel
11 Mimic Technologies 12 Surgical Science Sweden AB
13 Simulab Corporation 14 Mentice
15 EON Reality Inc 16 Laerdal
17 Swemac 18 Viscira
19 Epona 20 Simulab Corporation
21 Voxel-Man 22 VRMagic
23 GE Healthcare 24 Philips Healthcare
25 Intuitive Surgical 26 Brainlab AG
27 Mindflux 28 Engineering Systems Technologies
29 eoSurgical 30 SimQuest
31 SeeMe 32 MindMaze
33 Dassault Systems 34 Hewlett Packard
35 Barco Electronic Systems Pvt. Ltd.
Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Chapter 2 Précis
2.1 Market Inferences
Key Highlights and Insights to the Global Healthcare Virtual & Augmented Reality Systems Market:
The global healthcare virtual & augmented reality systems market was valued at US$ 724.1
million in 2015 and is forecast to grow to US$ 2,582.1 million by 2020 at a CAGR of 28.6%
from 2016 to 2020
The global healthcare virtual & augmented reality hardware market is anticipated to grow
quicker at a CAGR of XXX% from 2016 to 2020 and accounted for a value share of XXX%. In
2015, the market was valued at US$ XXX million and is forecast to grow to US$ XXX million
by 2020
The global healthcare virtual & augmented reality software market is anticipated to grow
slower with a CAGR of XXX% between 2016 and 2020. In 2015, the market was valued at
US$ XXX million and is forecast to grow to US$ XXX million by 2020
Within the hardware market by sub-segments, Display devices (desktop/HMDs) are
anticipated to be the fastest growing segment with a CAGR of XXX%. In 2015, the market
was valued at US$ XXX million and is forecast to grow to US$ XXX million by 2020
North America continues to lead the combined healthcare virtual reality hardware and
software market with a share of XXX% in 2015. Translated into revenues, the region
generated sales of US$ XXX million in 2015 and is forecast to grow to US$ XXX million by
2020 at a CAGR of XXX% from 2016 to 2020
Asia-Pacific was pegged as the fastest growing region with a CAGR of XXX% from 2016 to
2020. Major countries adopting VR/AR technology in healthcare are Japan, Australia, India
and Korea. In 2015, the market was valued at US$ 106.1 million and is forecast to grow to
US$ XXX million by 2020.
Key players and market leaders in terms of revenue were CAE Healthcare XXX%, Symbionix
XXX%, GE Healthcare XXX%, Philips Healthcare XXX%. The Others segment contributed to
XXX% of the global market share. Since a large number of companies operate privately,
financial information has been undisclosed and market share provided is based on internal
data triangulation and analysis.
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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FIG. 3 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Segment,
2014 – 2020 (US$ Million)
Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis
FIG. 4 Global Healthcare Virtual Reality & Augmented Reality Systems Market, by Geography,
Comparison Analysis, (Value- % Share) 2015 & 2020
Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis
41.7%
31.3%
14.7%
6.7%
4.0% 1.7%
North America
Europe
Asia-Pacific
Latin America
Middle-East
Africa
2015
41.7%
31.3%
15.0%
6.6%
3.9% 1.6%
North America
Europe
Asia-Pacific
Latin America
Middle-East
Africa
2020
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Chapter 3 Market Dynamics
3.1 Market Drivers
3.1.1 Fully immersive VR to drive the growth for immersion
therapy areas such as depression and phobia
SA-BRC analysis revealed immersion therapy to be the fastest growing VR/AR segment in the
market. Immersion therapy requires a patient to be fully immersed in virtual reality with the help of
significant equipment in a simulation room. University of Southern California’s Institute for Creative
Technologies or ICT has over 60 sites across the United States that include Veterans Affairs
hospitals, military bases and university centres. The virtual Iraq/Afghanistan exposure therapy has
been observed to provide remarkable reduction in PTS symptoms. ICT provides the software free of
charge for its clinical use and research. There are several other commercial platforms as well
available for almost a quarter of the people in the US population anticipated to have an anxiety
disorder sometime during their lifetime, and available research literature suggests that exposure-
based therapies should be considered the first-line treatment for these disorders. An emerging
market is observed for treatment of phobias that imbues augmented reality. Arachnophobia and
acrophobia are some of the most notable areas of therapy today.
3.1.2 Growing demand from medical schools for virtual training
training
A large number of medical schools are employing virtual patients for providing training to students.
Rising regulatory complications in acquiring cadavers has compelled schools to employ these
mannequins within which highly complex feedback electronics are planted. There are also several
digital patients such as i-Human Patients that are a modern generation of computer programs used
by medical schools to train students and other professionals. There are a growing number of
software programs for training in niche and emergency procedures such as cricothyrotomy and
intraosseous catheter placement that require adept, quick movement, practice and experience.
These softwares provide leeway to medical students to commit errors instead of a live patient. This
reduces chances of medical errors occurring during live procedures and real patientcare.
Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast, (2016-2020)
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Disclaimer:
Spearhead Acuity Business Research & Consulting Private Limited (OPC) is an informative Market
Research Company with the sole intention of sharing market related insights. The information
provided in our research reports or on sa-brc.com though collected through authentic sources,
analyzed and cross validated through Key Opinion Leaders (KOLs) in the industry; neither the
company nor authors provide any kind of warranty about the content – both qualitative and
quantitative.
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