Middle East and Africa Virtual Reality (VR) Health Market, By Product (Hardware, Software And Services), By Technology (Head-Mounted Technology, Gesture-Tracking Technology, Projector & Display Walls Technology, Mobile Device-Based And Others), By Application (Medical Training And Education, Virtual Reality Exposure Therapy, Surgery, Patient Care Management, Rehabilitation, Pain Management And Others), By Therapeutic Area (Craniofacial, Cardiovascular, Ophthalmology, Pulmonary, Neurological, Sleep Disorders, Phobias, Addictions, Posttraumatic Stress Disorder (PTSD) And Others), By End User (Hospitals, Clinics, Surgical Centres, Ambulatory Surgical Centers, Diagnostic Centers, Rehabilitation Centers, Long-Term Care Facilities, Mental Health Institutions And Others), By Distribution Channel (Direct Tenders, Retail Sales And Third Party Distributor), By Country (U.A.E., Saudi Arabia, Israel, Egypt, South Africa, and Rest of Middle East and Africa), Market Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Virtual Reality (VR) Health Market
Middle East and Africa 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 31.3% in the forecast period of 2021 to 2028 and expected to reach USD 1,992.92 million by 2028. Growth in awareness regarding the benefits of virtual reality technologies, is acting as major factor for the growth of the market.
Quality healthcare is defined as consistently delighting the patient by providing efficacious, effective, and efficient healthcare services, which meet the patient's needs and satisfies providers. Health care quality and patient safety are deeply connected to improve the health of the patients.
The healthcare industry employs virtual reality throughout its various sectors to offer a higher quality of care and efficiency to patients and medical professionals. VR is being used in everything from surgical preparation to patient illness education and therapy. It brings the opportunity for caregivers to get feedback on the given treatment and care. There has been an increasing demand for quality healthcare services as quality improvement is meant for enhancing safety, effectiveness, and efficiency. Thus, extreme demand for quality healthcare services acts as a major driving factor for the growth of Middle East and Africa virtual reality (VR) health market.
This virtual reality (VR) health market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Virtual Reality (VR) Health Market Scope and Market Size
Middle East and Africa virtual reality (VR) health market is segmented on the basis of the product, technology, application, therapeutic area, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, Middle East and Africa virtual reality (VR) health market has been segmented into hardware, software and services. Hardware segment is further sub segmented by type into displays, sensors, input devices, semiconductor components and other hardware. Sensors is further sub segmented into accelerometers, gyroscope, magnetometer, proximity sensors, global positioning systems and others. Hardware segment is further sub segmented by modality into head mounted devices and handheld devices. Software segment is further sub segmented into integrated and standalone. Services segment is further sub segmented into professional services and managed services. In 2021, hardware is expected to dominate the virtual reality (VR) health market, owing to wide presence of virtual reality products such as headsets and glasses, high prices of hardware products as compared to software and services, and vast adoption of virtual reality devices in the hospitals.
- On the basis of technology, Middle East and Africa virtual reality (VR) health market has been segmented into head-mounted technology, gesture-tracking technology, projector & display walls technology, mobile device-based and others. In 2021, head-mounted technology is expected to dominate the virtual reality (VR) health market, attributed to factors such as rising investments in this technology, improved communication between doctors, and encourage them to take better decisions pertaining to patient’s treatment and health
- On the basis of application, Middle East and Africa virtual reality (VR) health market has been segmented into medical training and education, virtual reality exposure therapy, surgery, patient care management, rehabilitation, pain management and others. Medical training and education segment is further sub segmented into simulation training, medical practitioner courses and others. Surgery is further sub segmented into surgical pre-operative assessment and image guided & robotic surgery. In 2021, medical training and education is expected to dominate the virtual reality (VR) health market, owing to wide usage of virtual reality products in medical education, create 3-D learning environment, which further support in enhanced human interactions.
- On the basis of therapeutic area, Middle East and Africa virtual reality (VR) health market has been segmented into craniofacial, cardiovascular, ophthalmology, pulmonary, neurological, sleep disorders, phobias, addictions, posttraumatic stress disorder (PTSD) and others. In 2021, posttraumatic stress disorder (PTSD) is expected to dominate the virtual reality (VR) health market, attributed to increase in use of virtual reality to treat PSTD, with an aim to reduce symptom severity. The major focus is to shift care treatment with a view of virtual environment, which is also less threatening for patients.
- On the basis of end user, Middle East and Africa virtual reality (VR) health market has been segmented into hospitals, clinics, surgical centres, ambulatory surgical centers, diagnostic centers, rehabilitation centers, long-term care facilities, mental health institutions and others. In 2021, hospitals is expected to dominate the virtual reality (VR) health market, owing to large implementation of virtual reality applications, such as training professionals, performing surgery, providing medical consultation remotely, and among others.
- On the basis of distribution channel, Middle East and Africa virtual reality (VR) health market has been segmented into direct tenders, retail sales and third party distributor. In 2021, retail sales is expected to dominate the virtual reality (VR) health market, as hospitals, surgical centers, and other end users, establish partnerships, collaborations, and agreements, for the implementation of virtual reality products in their healthcare institution.
Middle East and Africa Virtual Reality (VR) Health Market Country Level Analysis
Middle East and Africa virtual reality (VR) health market is analysed and market size information is provided by country, product, technology, application, therapeutic area, end user and distribution channel.
The countries covered in Middle East and Africa virtual reality (VR) health market report are, U.A.E., Saudi Arabia, Israel, Egypt, South Africa, and Rest of Middle East and Africa
U.A.E. dominates the Middle East and Africa virtual reality (VR) health market owing to the owing to factors such as increased spending of the government towards healthcare sector, introduction of new initiatives to support healthcare technology, and surging developments in healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Expanding demand for high bandwidth communication
Middle East and Africa virtual reality (VR) health market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in virtual reality (VR) health and changes in regulatory scenarios with their support for the virtual reality (VR) health market. The data is available for historic period 2019.
Competitive Landscape and Middle East and Africa Virtual reality (VR) health Market Share Analysis
Middle East and Africa virtual reality (VR) health market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East and Africa virtual reality (VR) health market.
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.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of virtual reality (VR) health market.
For instance,
- In July 2021, Facebook announced the integration of their Oculus virtual-reality headsets with Apple Inc.’s health app on iPhones. The feature would allow a user of the Oculus move workout system to add data – such as the number of calories burned -- to the iPhone health app. This has helped the company to enhance its offerings and to grow in the market.
- In November 2019, Google announced the launch of an open-source project for Cardboard VR viewers. This allowed developers to build additional experiences and add support to their apps for various smartphone screen solutions and configurations. This also supports virtual reality (VR) features such as motion tracking, lens distortion rendering, and user interaction via the viewer button. This has helped the company to enhance its offerings and to grow in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for virtual reality (VR) health through expanded range of size.
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