Virtual Reality in Healthcare Market Share

Geographically, the global virtual reality in healthcare market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific industry is predicted to account for largest revenue share by 2037, owing to increasing healthcare expenditure and the rising government initiatives for adoption of digital technologies in healthcare sector in the region. Additionally, Asia Pacific has witnessed a remarkable growth in internet and smartphone users, which is also expected to contribute to the greater use of virtual reality technologies in the region. Furthermore, in 2030, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the increasing prevalence of neurological disorders and early adoption of advanced technologies, accompanied by the presence of well-established healthcare infrastructure in the region. Along with this, North America also leads in terms of favourable government policies, which is also evaluated to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the virtual reality in healthcare market in the future on account of a high prevalence of chronic diseases in the region. As per the analysis of European Chronic Disease Alliance, chronic diseases affect greater than one-third of the population of Europe and account for 86% of deaths in WHO European region.