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Virtual Reality (VR) in Healthcare Market Report by Component (Hardware, Software and Services), Technology (Head-Mounted, Gesture-Tracking, Projector and Display Walls), Product (VR Semiconductor Components, VR Devices, VR Sensors, and Others), Application (Pain Management, Medical Training and Education, Surgery, Patient Care Management, Rehabilitation and Therapy Procedures, and Others), End User (Hospitals and Clinics, Research Laboratories, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global virtual reality (VR) in healthcare market size reached US$ 850.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 7,082.3 Million by 2032, exhibiting a growth rate (CAGR) of 25.75% during 2024-2032.
In healthcare, virtual reality (VR) is used as a diagnostic tool that allows doctors and surgeons to reach a diagnosis in conjunction with other methods, such as magnetic resonance imaging (MRI). This approach involves simulation, expertise training, enabling the use of minimally invasive surgery and eliminating the need for invasive procedures. The utilization of virtual reality headsets assists patients in dealing with mental health issues and depression in real time, making them feel safer and more comfortable. Additionally, a combination of wearable gadgets and virtual reality allows patients and doctors to communicate from anywhere while evaluating medical progress in real-time. This technology is mostly used for robotic surgeries and remote telesurgeries. Apart from this, virtual reality in healthcare is widely used to plan, diagnose, and treat phobia, autism, depression, and addiction.
Virtual Reality (VR) in Healthcare Market Trends:
The market is majorly driven by the escalating adoption of connected devices in the healthcare industry. This can be attributed to the growing incorporation of virtual reality (VR) and augmented reality (AR) with intricate medical procedures, including pain management, social cognition training, and damage evaluation and rehabilitation. In addition to this, continual advancements in dependable medical hardware and software development are providing an impetus to the market growth. Moreover, the introduction of smart wearable VR devices, such as rings, fit bands, fitness trackers, goggles, and headsets, is further creating a positive outlook for the market. Apart from this, the growing incidences of health disorders among the masses, particularly the geriatric population, is also contributing to the market. Some of the other factors providing a boost to the market include continuous developments in mobile applications and telemedicine, expanding medical expenditure and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual reality (VR) in healthcare market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, technology, product, application and end user.
Breakup by Component:
Hardware
Software and Services
Breakup by Technology:
Head-Mounted
Gesture-Tracking
Projector and Display Walls
Breakup by Product:
VR Semiconductor Components
VR Devices
VR Sensors
Others
Breakup by Application:
Pain Management
Medical Training and Education
Surgery
Patient Care Management
Rehabilitation and Therapy Procedures
Others
Breakup by End User:
Hospitals and Clinics
Research Laboratories
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AppliedVR Inc., EchoPixel Inc., EON Reality, Firsthand Technology Inc., ImmersiveTouch Inc., Koninklijke Philips N.V., Microsoft Corporation, Siemens Healthineers AG (Siemens AG), Surgical Science Sweden AB, SyncThink Inc., Virtually Better Inc. and XRHealth.
Key Questions Answered in This Report
1. What was the size of the global Virtual Reality (VR) in healthcare market in 2023?
2. What is the expected growth rate of the global Virtual Reality (VR) in healthcare market during 2024-2032?
3. What are the key factors driving the global Virtual Reality (VR) in healthcare market?
4. What has been the impact of COVID-19 on the global Virtual Reality (VR) in healthcare market?
5. What is the breakup of the global Virtual Reality (VR) in healthcare market based on the technology?
6. What is the breakup of the global Virtual Reality (VR) in healthcare market based on the product?
7. What is the breakup of the global Virtual Reality (VR) in healthcare market based on application?
8. What is the breakup of the global Virtual Reality (VR) in healthcare market based on the end user?
9. What are the key regions in the global Virtual Reality (VR) in healthcare market?
10. Who are the key players/companies in the global Virtual Reality (VR) in healthcare market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Virtual Reality (VR) in Healthcare Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Head-Mounted
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gesture-Tracking
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Projector and Display Walls
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Product
8.1 VR Semiconductor Components
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 VR Devices
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 VR Sensors
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Pain Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical Training and Education
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Surgery
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Patient Care Management
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Rehabilitation and Therapy Procedures
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by End User
10.1 Hospitals and Clinics
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Research Laboratories
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Others
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 AppliedVR Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 EchoPixel Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 EON Reality
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Firsthand Technology Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 ImmersiveTouch Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Koninklijke Philips N.V.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Microsoft Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Siemens Healthineers AG (Siemens AG)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Surgical Science Sweden AB
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 SyncThink Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Virtually Better Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 XRHealth
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
Figure 1: Global: Virtual Reality in Healthcare Market: Major Drivers and Challenges
Figure 2: Global: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Virtual Reality in Healthcare Market: Breakup by Component (in %), 2023
Figure 5: Global: Virtual Reality in Healthcare Market: Breakup by Technology (in %), 2023
Figure 6: Global: Virtual Reality in Healthcare Market: Breakup by Product (in %), 2023
Figure 7: Global: Virtual Reality in Healthcare Market: Breakup by Application (in %), 2023
Figure 8: Global: Virtual Reality in Healthcare Market: Breakup by End User (in %), 2023
Figure 9: Global: Virtual Reality in Healthcare Market: Breakup by Region (in %), 2023
Figure 10: Global: Virtual Reality in Healthcare (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Virtual Reality in Healthcare (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Virtual Reality in Healthcare (Software and Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Virtual Reality in Healthcare (Software and Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Virtual Reality in Healthcare (Head-Mounted) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Virtual Reality in Healthcare (Head-Mounted) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Virtual Reality in Healthcare (Gesture-Tracking) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Virtual Reality in Healthcare (Gesture-Tracking) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Virtual Reality in Healthcare (Projector and Display Walls) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Virtual Reality in Healthcare (Projector and Display Walls) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Virtual Reality in Healthcare (VR Semiconductor Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Virtual Reality in Healthcare (VR Semiconductor Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Virtual Reality in Healthcare (VR Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Virtual Reality in Healthcare (VR Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Virtual Reality in Healthcare (VR Sensors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Virtual Reality in Healthcare (VR Sensors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Virtual Reality in Healthcare (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Virtual Reality in Healthcare (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Virtual Reality in Healthcare (Pain Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Virtual Reality in Healthcare (Pain Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Virtual Reality in Healthcare (Medical Training and Education) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Virtual Reality in Healthcare (Medical Training and Education) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Virtual Reality in Healthcare (Surgery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Virtual Reality in Healthcare (Surgery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Virtual Reality in Healthcare (Patient Care Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Virtual Reality in Healthcare (Patient Care Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Virtual Reality in Healthcare (Rehabilitation and Therapy Procedures) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Virtual Reality in Healthcare (Rehabilitation and Therapy Procedures) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Virtual Reality in Healthcare (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Virtual Reality in Healthcare (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Virtual Reality in Healthcare (Hospitals and Clinics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Virtual Reality in Healthcare (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Virtual Reality in Healthcare (Research Laboratories) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Virtual Reality in Healthcare (Research Laboratories) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Virtual Reality in Healthcare (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Virtual Reality in Healthcare (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: North America: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: North America: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United States: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United States: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Canada: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Canada: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Asia-Pacific: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Asia-Pacific: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: China: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: China: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Japan: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Japan: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: India: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: India: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: South Korea: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: South Korea: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Australia: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Australia: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Indonesia: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Indonesia: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Europe: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Europe: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Germany: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Germany: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: France: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: France: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: United Kingdom: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: United Kingdom: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Italy: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Italy: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Spain: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Spain: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Russia: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Russia: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Latin America: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Latin America: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Brazil: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Brazil: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Mexico: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Mexico: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Others: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Others: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Middle East and Africa: Virtual Reality in Healthcare Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Middle East and Africa: Virtual Reality in Healthcare Market: Breakup by Country (in %), 2023
Figure 94: Middle East and Africa: Virtual Reality in Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Global: Virtual Reality in Healthcare Industry: SWOT Analysis
Figure 96: Global: Virtual Reality in Healthcare Industry: Value Chain Analysis
Figure 97: Global: Virtual Reality in Healthcare Industry: Porter's Five Forces Analysis
Table 1: Global: Virtual Reality in Healthcare Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Virtual Reality in Healthcare Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Virtual Reality in Healthcare Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Virtual Reality in Healthcare Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 5: Global: Virtual Reality in Healthcare Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Virtual Reality in Healthcare Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Virtual Reality in Healthcare Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Virtual Reality in Healthcare Market: Competitive Structure
Table 9: Global: Virtual Reality in Healthcare Market: Key Players
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