The global virtual reality (VR) in healthcare market size is expected to reach USD 22507.6 Million in 2030 and register a revenue CAGR of 38.0% over the forecast period, according to the latest report by Reports and Data. Technological advancement in healthcare sector is driving virtual reality in healthcare market revenue growth.

Rising adoption of Virtual Reality (VR) in healthcare sector is attributed to its several benefits, which include its ability to provide effective healthcare services and its capacity to train healthcare personnel. VR training enlightens aspiring doctors on details of several procedures and foundations. It offers a three-dimensional view of human body to medical students and enables them to access and practice on it during their on-job training period. For instance, in 2018, Johnson & Johnson Institute initiated a global VR training program. Aim of this program was to educate medical personnel, such as doctors, nurses and aspiring doctors, on performing medical procedures. Additionally, VR technologies teach emergency care providers (ECPs) about cardiopulmonary resuscitation (CPR) procedures without practically performing them on an individual, and these technologies help medical personnel gain insight regarding several infectious disease control methods.

Increasing deployment of VR in pain management is fueling revenue growth of VR in healthcare sector. VR reduces pain of patients by distracting them from reality. VR allows users to travel in a virtual world using a variety of technologies such as head-mounted display (HMD), noise cancelling headphones with music, a rumble pad, and a joystick. In addition, deployment of head-tracking systems allows to track head movements and provide an impression of the virtual world. In this immersive process, people tend to overlook their pain. Moreover, VR includes several relaxation approaches, such as guided meditations and helping patients with chronic pain.

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Companies profiled in the global market report include Samsung Group, Microsoft Corporation, Alphabet Inc., Koninklijke Philips N.V, Meta Platforms, Inc., Apple, Inc., Nvidia Corporation, Advanced Micro Devices, Inc., VirtaMed AG, and WorldViz Inc.

The virtual reality in healthcare market has been experiencing significant growth due to advancements in technology and increasing adoption in the healthcare sector. The market size is expected to reach a substantial value in the coming years.

Continuous advancements in virtual reality technology, including improvements in hardware, software, and immersive experiences, have expanded the possibilities of its application in healthcare. These advancements have led to enhanced visual and auditory experiences, realistic simulations, and increased accessibility of VR devices.

Virtual reality is being utilized in various healthcare applications, including medical training and education, surgical planning and simulations, therapy and rehabilitation, pain management, mental health treatments, and patient education. VR provides a safe and controlled environment for training, allows healthcare professionals to practice complex procedures, and helps patients in managing pain and improving their well-being.

Virtual reality offers immersive and interactive training environments for healthcare professionals, enabling them to practice and refine their skills in a realistic virtual setting. It allows medical students and practitioners to visualize complex anatomical structures, perform virtual surgeries, and enhance their knowledge and understanding of medical concepts.

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Here are some key highlights from the report:

• In August 2021, VirtaMed AG, which is a Switzerland-based company, involved in medical training, collaborated with STAN Institute, a provider of technical and non-technical training to medical teams. VirtaMed’s high-fidelity simulators are the world’s most advanced simulators, which integrate virtual reality graphics along with anatomic models and adopted surgical tools for realistic assessment. This advanced technology would be installed in hospitals to train residents autonomously.
• Hardware segment accounted for larger revenue share in 2020 owing to increasing deployment of VR in various areas of healthcare sector. Use of VR technologies require several hardware devices, such as head-mounted displays, haptic gloves, and smart glasses. Smart glasses are a type of new generation smart devices that help doctors to come up with accurate diagnostic tests and medical procedures. Besides, smart glasses eliminate the requirement for manual data entry, as they enable clinicians to capture and record patient data automatically. Therefore, this process also saves time.
• Full immersive VR segment accounted for significant revenue share in 2020. Immersive VR is capable of creating deep understanding and empathy, which simplifies complex training in no time. Therefore, these factors are increasingly driving its deployment in the healthcare sector for training and treatment purposes.
• Surgery segment accounted for a significant revenue share in 2020. Virtual reality helps surgeons organize forthcoming operations. VR offers a three-dimensional view of patient’s physiology and anatomy and therefore helps surgeons in the operating room.
• Market in North America accounted for largest revenue share in 2020. Rising investment toward adoption of several advanced technologies, such as immersive technology, in healthcare sector is driving market growth in the region. Increasing deployment of clinical trials, improvements in surgery and diagnostic procedures and rising research and development (R&D) activities are boosting market growth in several regions, such as Asia Pacific, North America, and Europe.

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For the purpose of this report, Reports and Data has segmented virtual reality in healthcare market based on technology, component, application, end-use, and region:

Component Outlook

• Hardware

• Software

Technology Outlook

• Full-Immersive

• Semi-Immersive
• Non-Immersive

Application Outlook

• Surgery

• Fitness Management
• Patient Care Management
• Pharmacy Management
• Medical Training & Education
• Others

End-Use

• Hospitals
• Clinics & Surgical Centers
• Research Organizations & Pharma Companies
• Government & Defense Institutions
• Research & Diagnostics Laboratories
• Others

Regional Outlook

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

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