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Global Virtual Reality (VR) in Healthcare Market Size study & Forecast, by Technology (Head-Mounted Technology, Gesture-Tracking Technology, Projector & Display Walls Technology), by Product (VR Semiconductor Components, VR Devices, VR Sensors, Others), by End User (Hospitals and Clinics, Research Laboratories, Other End Users), and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: GC66E32C5788EN
Bizwit Research & Consulting LLP

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Global Virtual Reality (VR) in Healthcare Market is valued at approximately USD 757.9 million in 2022 and is anticipated to grow with a healthy growth rate of more than 33.18% over the forecast period 2023-2030. Virtual Reality (VR) in healthcare market refers to the application of immersive virtual reality technology in the healthcare industry, enabling healthcare professionals to simulate real-life scenarios and provide patients with interactive and engaging experiences for various medical purposes, including training, therapy, and rehabilitation. Virtual Reality (VR) in Healthcare Market is being driven by factors such as the rise in incidences of neurological disorders and the increase in the number of fund-raising activities.


Healthcare providers are leveraging the potential of virtual reality (VR) to enhance their patients' treatment experience and capabilities. By integrating VR into medical practices, professionals can efficiently detect and diagnose health issues. One notable application is the use of VR technology to assist patients with claustrophobia during MRI scans, providing them with a more comfortable and stress-free experience. For instance, vivid vision, a vision care provider based in San Francisco, treats medical conditions such as lazy eye with the support of virtual reality. Similarly medical, professionals are implementing virtual reality solutions for treating military veterans suffering from PTSD. According to a report by Invest India, the health sector in the country attracted a remarkable increase of USD 370 billion in investment in 2022. Similarly, In March 2021, Los Angeles-based company Applied VR secured a funding of USD 29 million for the development of a digital therapy solution utilizing virtual reality (VR) technology. Thus, the increasing investment and adoption of VR applications in healthcare are some factors expected to fuel the growth of the market. In addition, the rise in the use of VR in dentistry and cancer therapies and telemedicine and remote healthcare create lucrative opportunities for the market. However, the data privacy concerns of the users may hinder the growth of the market throughout the forecast period of 2023-2030.

The key regions considered for the Global Virtual Reality (VR) in Healthcare Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in private and government funding toward developing these technologies in the healthcare sector. North America also considers the fastest growing region during the forecasted period due to the availability of advanced healthcare infrastructure and increasing investment in healthcare, coupled with a focus on technological innovations, drives the demand for VR solutions in the healthcare sector.


Major market player included in this report are:
Microsoft Corporation
Alphabet Inc. (Google)
General Electric Company
Koninklijke Philips N.V. (Philips)
Syncthink Inc.
Firsthand Technology Inc.
AppliedVR, Inc.
EchoPixel Inc.
DAQRI
Orca Health, Inc.
Recent Developments in the Market:
In February 2022, XRHealth announced a funding of USD 10 million for expanding its virtual healthcare treatment in metaverse.

November 2022, GE Healthcare collaborated with mediview XR,Inc. for integrating medical imaging into mixed reality technology through the development of omnify XRTM interventional suite system.

Global Virtual Reality (VR) in Healthcare Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Technology, Product, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Head-Mounted Technology
Gesture-Tracking Technology
Projector & Display Walls Technology

By Product:
VR Semiconductor Components
VR Devices
VR Sensors
Others

By End User:
Hospitals and Clinics
Research Laboratories
Other End Users

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. Virtual Reality (VR) in Healthcare Market , by Region, 2020-2030 (USD Million)
  1.2.2. Virtual Reality (VR) in Healthcare Market , by Technology, 2020-2030 (USD Million)
  1.2.3. Virtual Reality (VR) in Healthcare Market , by Product, 2020-2030 (USD Million)
  1.2.4. Virtual Reality (VR) in Healthcare Market , by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET DYNAMICS

3.1. Virtual Reality (VR) in Healthcare Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rise in incidences of neurological disorders
    3.1.1.2. Increase in number of investment activities
  3.1.2. Market Challenges
    3.1.2.1. Data privacy concerns of the users.
  3.1.3. Market Opportunities
    3.1.3.1. Rise in use of VR in dentistry and cancer therapies.
    3.1.3.2. Telemedicine and Remote Healthcare

CHAPTER 4. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET BY TECHNOLOGY

5.1. Market Snapshot
5.2. Global Virtual Reality (VR) in Healthcare Market by Technology, Performance - Potential Analysis
5.3. Global Virtual Reality (VR) in Healthcare Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
5.4. Virtual Reality (VR) in Healthcare Market , Sub Segment Analysis
  5.4.1. Head-Mounted Technology
  5.4.2. Gesture-Tracking Technology
  5.4.3. Projector & Display Walls Technology

CHAPTER 6. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET BY PRODUCT

6.1. Market Snapshot
6.2. Global Virtual Reality (VR) in Healthcare Market by Product, Performance - Potential Analysis
6.3. Global Virtual Reality (VR) in Healthcare Market Estimates & Forecasts by Product 2020-2030 (USD Million)
6.4. Virtual Reality (VR) in Healthcare Market , Sub Segment Analysis
  6.4.1. VR Semiconductor Components
  6.4.2. VR Devices
  6.4.3. VR Sensors
  6.4.4. Others

CHAPTER 7. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET, BY END USER

7.1. Market Snapshot
7.2. Global Virtual Reality (VR) in Healthcare Market by End User, Performance - Potential Analysis
7.3. Global Virtual Reality (VR) in Healthcare Market Estimates & Forecasts by End User 2020-2030 (USD Million)
7.4. Virtual Reality (VR) in Healthcare Market , Sub Segment Analysis
  7.4.1. Hospitals and Clinics
  7.4.2. Research Laboratories
  7.4.3. Other End Users

CHAPTER 8. GLOBAL VIRTUAL REALITY (VR) IN HEALTHCARE MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Virtual Reality (VR) in Healthcare Market , Regional Market Snapshot
8.4. North America Virtual Reality (VR) in Healthcare Market
  8.4.1. U.S. Virtual Reality (VR) in Healthcare Market
    8.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Virtual Reality (VR) in Healthcare Market
8.5. Europe Virtual Reality (VR) in Healthcare Market Snapshot
  8.5.1. U.K. Virtual Reality (VR) in Healthcare Market
  8.5.2. Germany Virtual Reality (VR) in Healthcare Market
  8.5.3. France Virtual Reality (VR) in Healthcare Market
  8.5.4. Spain Virtual Reality (VR) in Healthcare Market
  8.5.5. Italy Virtual Reality (VR) in Healthcare Market
  8.5.6. Rest of Europe Virtual Reality (VR) in Healthcare Market
8.6. Asia-Pacific Virtual Reality (VR) in Healthcare Market Snapshot
  8.6.1. China Virtual Reality (VR) in Healthcare Market
  8.6.2. India Virtual Reality (VR) in Healthcare Market
  8.6.3. Japan Virtual Reality (VR) in Healthcare Market
  8.6.4. Australia Virtual Reality (VR) in Healthcare Market
  8.6.5. South Korea Virtual Reality (VR) in Healthcare Market
  8.6.6. Rest of Asia Pacific Virtual Reality (VR) in Healthcare Market
8.7. Latin America Virtual Reality (VR) in Healthcare Market Snapshot
  8.7.1. Brazil Virtual Reality (VR) in Healthcare Market
  8.7.2. Mexico Virtual Reality (VR) in Healthcare Market
8.8. Middle East & Africa Virtual Reality (VR) in Healthcare Market
  8.8.1. Saudi Arabia Virtual Reality (VR) in Healthcare Market
  8.8.2. South Africa Virtual Reality (VR) in Healthcare Market
  8.8.3. Rest of Middle East & Africa Virtual Reality (VR) in Healthcare Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Microsoft Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Alphabet Inc. (Google)
  9.3.3. General Electric Company
  9.3.4. Koninklijke Philips N.V. (Philips)
  9.3.5. SyncThink Inc.
  9.3.6. Firsthand Technology Inc.
  9.3.7. AppliedVR, Inc.
  9.3.8. EchoPixel Inc.
  9.3.9. DAQRI
  9.3.10. Orca Health, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Virtual Reality (VR) in Healthcare Market , report scope
TABLE 2. Global Virtual Reality (VR) in Healthcare Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Virtual Reality (VR) in Healthcare Market estimates & forecasts by Technology 2020-2030 (USD Million)
TABLE 4. Global Virtual Reality (VR) in Healthcare Market estimates & forecasts by Product 2020-2030 (USD Million)
TABLE 5. Global Virtual Reality (VR) in Healthcare Market estimates & forecasts by End User 2020-2030 (USD Million)
TABLE 6. Global Virtual Reality (VR) in Healthcare Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Virtual Reality (VR) in Healthcare Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Virtual Reality (VR) in Healthcare Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Virtual Reality (VR) in Healthcare Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Virtual Reality (VR) in Healthcare Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Virtual Reality (VR) in Healthcare Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Virtual Reality (VR) in Healthcare Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Virtual Reality (VR) in Healthcare Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Virtual Reality (VR) in Healthcare Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Virtual Reality (VR) in Healthcare Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Virtual Reality (VR) in Healthcare Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Virtual Reality (VR) in Healthcare Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Virtual Reality (VR) in Healthcare Market
TABLE 71. List of primary sources, used in the study of global Virtual Reality (VR) in Healthcare Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Virtual Reality (VR) in Healthcare Market , research methodology
FIG 2. Global Virtual Reality (VR) in Healthcare Market , Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Virtual Reality (VR) in Healthcare Market , key trends 2022
FIG 5. Global Virtual Reality (VR) in Healthcare Market , growth prospects 2023-2030
FIG 6. Global Virtual Reality (VR) in Healthcare Market , porters 5 force model
FIG 7. Global Virtual Reality (VR) in Healthcare Market , pest analysis
FIG 8. Global Virtual Reality (VR) in Healthcare Market , value chain analysis
FIG 9. Global Virtual Reality (VR) in Healthcare Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Virtual Reality (VR) in Healthcare Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Virtual Reality (VR) in Healthcare Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Virtual Reality (VR) in Healthcare Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Virtual Reality (VR) in Healthcare Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Virtual Reality (VR) in Healthcare Market , regional snapshot 2020 & 2030
FIG 15. North America Virtual Reality (VR) in Healthcare Market 2020 & 2030 (USD Million)
FIG 16. Europe Virtual Reality (VR) in Healthcare Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Virtual Reality (VR) in Healthcare Market 2020 & 2030 (USD Million)
FIG 18. Latin America Virtual Reality (VR) in Healthcare Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Virtual Reality (VR) in Healthcare Market 2020 & 2030 (USD Million)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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