Mobile, VR Continue to Gain Ground in Healthcare Market

Mobile, VR Continue to Gain Ground in Healthcare MarketOn Tuesday, Technavio has announced the top six leading vendors in their recent global virtual reality (VR) market in the healthcare sector report.

This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

According to Technavio, the global VR market in healthcare is directly dependent on the adoption of advanced technology in the healthcare industry.

Vendors in the market continuously strive to upgrade their medical imaging systems to gain a competitive edge. The acceptance of VR technology in the healthcare sector is increasing, thereby encouraging existing and new vendors alike to invest in VR technology.

Sunil Kumar Singh, a lead analyst at Technavio for human machine interface research, says, “Although a number of vendors are involved in the market, only a few are well established. The competition among VR software developers is the most intense, as the majority of medical imaging system and medical simulator manufacturers outsource VR apps.”

The report also states that many new vendors are expected to enter the market as entry barriers are low, and there is significant market potential. At present, the global VR market has no clear-cut market leaders or dominant players.

So who is considered the cream of today’s crop? Check out Technavio’s report here for the full rundown.