Growth Drivers
Substantial Investments of Organizations in Healthcare VR to Optimize the Healthcare Cost
Increasing Use of Smart Wearable Devices is Primarily Driving the Demand for Virtual Reality in Healthcare
Market growth are rapid adoption of VR amongst the healthcare professionals, benefits offered by VR in healthcare applications, growing investments, and funding to develop innovative healthcare based VR.
Pitfalls & Challenges
High Initial Capital Investments to Impede the Market Growth
According to the report, the virtual reality in healthcare market, by application is segmented into pain management, education and training, surgery, patient care management, rehabilitation and therapy procedures and post-traumatic stress disorder (PTSD). The pain management segment is expected to witness high demand owing to the effectiveness of VR in pain management. Virtual reality helps the patients to soothe the pain to some extent, especially during skin grafting, open surgeries and bandaging a burn. Furthermore, the education segment will hold significant share owing to the VR technology, which offers an immersive experience.