The Virtual Reality Content Creation market was valued at US$ 240.9 million in 2016 and is projected to reach US$ 39.5 billion by 2025, according to a market research report Virtual Reality Content Creation Market by Content Type (Videos, 360 Degree Photos and Games), by Component (Software and Services), by End Users (Gaming and Entertainment, Engineering, Healthcare, Real state, Retail, Military and Education) and Geography-Global Forecast to 2025 by Coherent Market Insights.
Virtual reality creates a digital environment to provide real lifelike experience to the user. Healthcare segment holds a huge opportunity for the growth of virtual reality content creation market. Increasing application of virtual reality technology in healthcare segment have reduced the R&D and training cost, which uplifted the demand for virtual reality content in this segment. Visualization (virtual endoscopy, colonoscopy), computer assisted surgery (training, planning, rehearsal, and delivery), therapy, and telemedicine education (teaching, training etc) are some of the key applications of virtual reality technology in healthcare segment. For instance, Psious a U.S.-based company that provides virtual reality treatment for therapist. Virtually Better provides virtual reality therapy for phobias, depression, and anxiety. Firsthand Technology provides relief from the chronic pain. According to Firsthand Technology, narcotics reduces the pain sensation by 10% while hand virtual reality reduces 48%. This in turn accelerates the growth of healthcare segment in global virtual reality content creation market.
Browse 40 Market Data Tables and 60 Figures spread through 300 Pages and in-depth TOC on " Virtual Reality Content Creation Market by Content Type (Videos, 360 Degree Photos and Games), by Component (Software and Services), by End Users (Gaming and Entertainment, Engineering, Healthcare, Real state, Retail, Military and Education) and Geography-Global Forecast to 2025 by Coherent Market Insights."
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