Market Research Report
Europe VR in Healthcare Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||943460|
|Published||Content info||122 Pages
Delivery time: 2-3 business days
|Europe VR in Healthcare Market Forecast 2019-2028|
|Published: June 21, 2020||Content info: 122 Pages||
The Europe VR in healthcare market is anticipated to record a CAGR of 20.10% over the projected period of 2019-2028. Swift technological developments and convenience of VR devices for both businesses and consumers are augmenting the demand for VR devices in the European region.
The Europe VR in healthcare market growth is evaluated on the basis of the market performance in the countries of Russia, Germany, Belgium, France, Italy, the UK, Poland, and the rest of Europe that includes Sweden, Norway, Denmark, and Spain. Russian IT startups are working extensively in the area of VR, and key sectors like healthcare, railways, defense, and automotive are showing interest in the technology, though it is not yet adopted on a large scale. A Russian firm has given its dairy cows VR headsets to reduce their anxiety, which has increased the milk yield. The surging elderly population and demand for a sufficient advanced healthcare system will drive future market growth. Belgium spends 10% of its GDP on healthcare expenditure, though it has one of the lowest shares in Europe's VR market, and is trying to gain ground in terms of market development. VR /AR can be used to virtually visit the hospital prior to being hospitalized. Poppr, a Belgian company, developed an experience guiding pregnant women around fertility department before going into labor, so that when the moment arrives, they feel less stressed.
In Poland, the government committed to increasing healthcare expenditure to 6% of the GDP by 2024. In 2015, cardiologists used Google Glass's VR imaging to treat a blocked coronary artery. In the rest of Europe, some of the factors driving the market growth are competitive workforce, research centers in Zurich, and increasing healthcare applications, among others.
Some of the prominent market players functioning in the market are Koninklijke Philips NV, General Electric, Sony Corporation, Microsoft Corporation, Siemens, etc.
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