IGR Global Virtual Reality (VR) in healthcare Market | Page 2

The report on Virtual Reality (VR) in healthcare Market by technology (full immersive VR, semi immersive
VR, non-immersive VR), application (surgery simulation, phobia treatment, robotic surgery, education,
training, visualization, rehabilitation, PTSD, treatment of autism) trends analysis and forecasts up to 2022
studies the market sizes, key trends and opportunities in the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World. According to the report the Global Virtual Reality (VR) in healthcare
Market is projected to grow at a CAGR between 55% and 60% in terms of value over the period of 2016-2022.
The growth in the world market is primarily driven by significant contribution by North America (Leading
region) region to this market.
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Benefits associated with virtual reality, increasing healthcare expenditure, rising incidents of neurological
disorders and increasing demand for innovative diagnostic techniques are considered to be the key factors
driving the growth of this market. Moreover, high cost associated with VR hardware and devices, lack of
skilled medical professionals and unclear regulatory guidelines for their medical use are some of the factors
restraining growth of this market. Going forward, developing endoscopic surgical techniques, growing
numbers of robotic surgeries and tremendous opportunities in emerging economies are likely to create more
opportunities over the forecast period. Furthermore, untapped economies, maintenance of devices and lack
of awareness among the patient population are some of the challenges faced by this market.
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