The global virtual reality (VR) in healthcare market size is expected to reach USD 20.62 Billion in 2030 and register a revenue CAGR of 32.8% 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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Key participants include
Microsoft, Google, Mindmaze, DAQRI, Psious, CAE Healthcare, Medical Realities, Atheer, Augmedix , Oculus VR, Firsthand Technology, Siemens Healthineers, Philips Healthcare, 3D Systems , VirtaMed , Virtually Better.
For the purpose of this report, Reports and Data have segmented global Virtual Reality in Healthcare Market on the basis of Component, Technology, Application, Device type, End user and region:
Technology Outlook (Revenue, USD Billion; 2018–2030)
- Full Immersive
- Non-immersive
- Semi-immersive
Component Outlook (Revenue, USD Billion; 2018–2030)
- Hardware
- Software
Application Outlook (Revenue, USD Billion; 2018–2030)
- Patient Care Management
- Education and Training
- Fitness Management
- Pharmacy Management
- Surgery
End-use Outlook (Revenue, USD Billion; 2018–2030)
- Research and Diagnostic
- Laboratories
- Hospitals and Clinics
- Others
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Regional Outlook
- North America
- US.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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