While virtual reality (VR) technologies have been around for over six decades in various forms, they are still not considered to be mainstream technologies in different industries. Today’s VR market is mainly gaming-oriented. However, due to the Covid-19 pandemic, the healthcare industry has focused on integrating and investing in new technologies that could be used in helping patients and training healthcare professionals. CG1 Solutions, a company based in the US, announced the launch of a private beta test for a metaverse training system for hospitals, Reality Hub.
In the next three years, GlobalData expects enterprise to become the key market for VR, outpacing the consumer segment. The global VR market, which was worth nearly $5 billion in 2020, will generate revenues of $51 billion by 2030, expanding at a compound annual growth rate of 27% over the ten-year period, according to GlobalData forecasts. VR is already used across a variety of sectors, such as retail, defence, airlines, and healthcare, where it is primarily used for training. Reality Hub is able to use augmented reality (AR) and VR in order to provide efficient training on a wide range of medical equipment.
The Covid-19 pandemic has put an enormous strain on hospitals and healthcare personnel. For example, hospitals and healthcare systems are facing personnel shortages, and new technology solutions such as Reality Hub can provide efficient solutions for training new personnel more quickly.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
