We outline the market outlook for VR therapeutics in the medical device industry — from investment trends, to leading companies, to recommendations for the players in the space.
What are VR therapeutics?
Virtual reality (VR) technology refers to computer-generated 3D environments that users experience via sensory stimuli, such as lights, sounds, and vibrations. In some cases, users can even physically interact with the environments.
First developed for entertainment purposes, semi and fully immersive-VR solutions are increasingly being explored as therapeutic adjuncts or alternatives across several areas of medicine.
The engaging and entertaining nature of VR can improve patient understanding and adherence to treatment in areas of medicine that have been historically challenging (e.g., physical, psychiatric, behavioral, and occupational therapy).
The technology may also be used for situational therapy, such as pain and anxiety reduction in emergency rooms, intensive care units, and surgical wards, which can help improve patient experience, reduce over-administration of and reliance on sedatives, shorten the length of stay, and reduce costs.
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Features & capabilities
VR therapeutics provide medical device leaders with several capabilities, including:
- Integrated VR tools
- Prescription-based immersive VR systems
- Digital anxiety treatment pathways
- Digital psychedelic platforms
- Medical extended reality technology
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