South Korea VR In Healthcare Market Forecast 2022-2028

South Korea VR In Healthcare Market Forecast 2022-2028

KEY FINDINGS

The South Korea VR in healthcare market is estimated to grow with a CAGR of 31.34% across the forecasting period. The base year regarded for the market’s study is 2021, and the forecasted years are from 2022 to 2028. Some of the key factors influencing the country’s market growth include the increasing technological developments and innovations as well as the presence of well-established companies.

MARKET INSIGHTS

The South Korean Ministry of Science and Information and Communications Technology is proposing a $26.2 million investment in a research program to develop digital treatments for depression. The mental health condition is a major problem in the country, with 800,000 South Koreans diagnosed with depression in 2019.

Likewise, as per the University of Pennsylvania, suicide rates among males averaged 41.7 per 100,000 in South Korea, with the rates increasing by up to three times over the last 25 years. Suicide has also observed a dramatic rise among women over the age of 40. Hence, in this regard, the research program will witness the development of a digital service that provides personalized depression diagnoses on the basis of the real-time collection as well as analysis of patient data.

One of the key features of the aforementioned investment is the research program utilizing virtual reality and games in order to help treat mental disorders. Furthermore, the potential of VR in South Korea for health care has been increasingly tapped for assisting the diagnosis and treatment of medical conditions.

COMPETITIVE INSIGHTS

Some of the leading companies operating in the market include Nunaps, Microsoft Corporation, Alphabet Inc (Google), Samsung, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments