Asia-Pacific virtual reality (VR) health market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 32.5% in the forecast period of 2021 to 2028 and expected to reach USD 5,788.74 million by 2028. Increased preference of VR in the healthcare industry is acting as major factor for the growth of the market. The user can interact with this environment in a natural way through a variety of avenues, including head-mounted displays, while gesture recognition or handheld controllers help with hand and body tracking. There could also be provisions for haptic or touch-sensitive feedback. Humans experience things through different senses, such as touch, vision, sound, smell, taste, etc. VR, an extended reality technology, simulates these senses to offer an immersive user experience. The higher the number of senses controlled by a VR device, the better would be the user experience. Believability is a key feature of Virtual Reality. Since it is a developing technology, providers are in the continuous process of making it more realistic by bringing it closer to the real world, making it more responsive, interactive, fast and bug-free. Apart from offering entertainment through immersive films or video games, VR can also help train people in areas that could otherwise prove to be risky or expensive for a first-time learner, including trainee fighter pilots to trainee surgeons.
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The Virtual Reality market value chain starts with the providers of VR content. The core VR content providers are professional firms, such as studios and developers, who have been the traditional providers of such content for other medium types as well. These also include the prosumers who help inform and create content in VR and other new media platforms. Once the content is ready, Virtual Reality experience Developer Organizations appear as the next step in the value chain. These developers could be technological software companies who help convert the available content into usable formats. Next in the value chain are the manufacturers of hardware who develop and offer devices and equipment required to access the VR content. It may also include companies who provide support systems such as computing platforms and supporting hardware to facilitate user interaction with the content. Once the content and relevant access devices are ready, they are distributed as integrated devices or solutions to end user industries by marketers and distributors who sometimes sell them under own branding. This segment involves companies who provide the processing power, IT infrastructure and networks necessary to distribute the VR content to the end users and firms hosting, marketing, selling and distributing the VR content and devices through various portals, platforms, and retail avenues. The End User industries include entertainment, media, healthcare, educational and multiple others and subsequently the Individual End Users who purchase the VR devices and solutions for their specific needs.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Asia-Pacific Virtual Reality (VR) Health Market analysis
- Chapter 3: Regional analysis of the Asia-Pacific Virtual Reality (VR) Health Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major players covered in the report are SyncThink Inc., AppliedVR, Koninklijke Philips N.V., EchoPixel, Psious, Firsthand Technology Inc, MindMaze Inc, Augmedix, Inc, VirtaMed AG, Vivid Vision, Inc, Virtually Better Inc, Osso VR, Inc, ImmersiveTouch, Inc, CAE Inc, Google (A Subsidiary of Alphabet Inc), Microsoft, General Electric, Medical Realities Ltd, Siemens and Facebook among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Asia-Pacific Virtual Reality (VR) Health Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2027?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Asia-Pacific Virtual Reality (VR) Health Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on Asia-Pacific Virtual Reality (VR) Health Market?
- What is the growth rate of various stages in the value chain of the industry?
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