LONDON--(BUSINESS WIRE)--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.
Competitive vendor landscape
According to the latest report by 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.
Top six vendors for virtual reality in healthcare
DeepStream VR was founded in 2014 and is headquartered in Seattle, Washington, US. The company provides VR games for the healthcare industry. These games are intended to relieve pain and improve a patient's general quality of life.
The company offers personalized wellness solutions based on biofeedback for home and clinical settings. The company's VR solution is known as the DeepStream 3D Viewer (DS3D). As of 2015, the DS3D is in the demo stage. The DS3D features a special hood that connects with a laptop or tablet, enabling users to play games and watch 3D movies. Unlike 3D goggles, the DS3D system is not restrictive, and has no blurs nor ghost images.
EON Reality is headquartered in Irvine, California, US. It is a VR and AR-based knowledge transfer company for the education and edutainment industry. The company offers a cross-platform solution that enables AR, VR, and interactive 3D applications to work seamlessly with more than 30 platforms.
Some of the clients of the company include Siemens, Boeing, BP, ExxonMobil, and AtlasCopco. Its partner network comprises Adobe, Autodesk, HP, LG, Microsoft, Sony, and Panasonic.
VirtaMed is headquartered in Zurich, Switzerland. The company develops realistic surgical simulators for medical education. The company operates through its subsidiary of the same name, located in Florida, US.
On July 22, 2015, VirtaMed signed a distribution contract with medical equipment supplier Leader Healthcare that covers the GCC (Gulf Cooperation Council) countries. Leader Healthcare will be delivering the VR simulators ArthroS, UroSim, and HystSim across the region. This partnership is intended to offer advanced VR surgical educational tools.
Vuzix was founded in 1997 and is headquartered in New York, US. The company is engaged in the design, manufacture, marketing, and sale of wearable display devices.
The company's VR software and Vuzix VR eyewear are used in medical applications such as pain and phobia management. Vuzix serves the healthcare sector through its partner Ubimax, which is engaged in the wearable computing solutions and services in Germany.
On May 18, 2015, the company partnered with Octovis, a provider of mobile telemedicine technologies and services to the healthcare industry. Octovis created the telemedicine platform Telle, which integrates Vuzix's M100 Smart Glasses technology.
Virtalis was founded in 2003 and is headquartered in Sale, UK. The company is an advanced visualization and VR company. It offers visualization systems and solutions. It is a former subsidiary of Muse Technologies.
The company's VR and advanced visualization techniques find applications in R&D activities, as well as in industries such as construction, defense, engineering, geosciences, power, retail, medical and shipbuilding. In the medical industry, the company offers MistVR, a surgery training system that is mainly used in the European market. It enables students and trainers to carry out repeatable training.
WorldViz was founded in 2002 and is headquartered in Santa Barbara, California, US. The company functions as a 3D visualization company. It manufactures real-time motion tracking product series and offers an interactive 3D content creation software platform.
In academic research, the company's products are used in the fields of neuroscience and psychological research. The company’s neuroscience solutions incorporate 3D rendering, motion tracking input, bio-response data, IMRI (intraoperative magnetic resonance imaging) signals while supporting video games like interaction and avatars.
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