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Virtual Reality in Healthcare Market Size, Trends, Analysis, and Outlook By Component (Hardware, Software, Services), By Device (Head-Mounted Display (HMD), Gesture-Tracking Device (GTD), Projectors & Display Wall (PDW)), By Application (Pain Management, Education & Training, Surgery, Patient Care Management, Rehabilitation & Therapy Procedures, Others), By End-User (Hospitals, Clinics, Research Organizations, Pharma Companies, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: V7FFBE3DFD82EN
VPAResearch

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The global Virtual Reality in Healthcare market size is poised to register 28.9% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Virtual Reality in Healthcare market across By Component (Hardware, Software, Services), By Device (Head-Mounted Display (HMD), Gesture-Tracking Device (GTD), Projectors & Display Wall (PDW)), By Application (Pain Management, Education & Training, Surgery, Patient Care Management, Rehabilitation & Therapy Procedures, Others), By End-User (Hospitals, Clinics, Research Organizations, Pharma Companies, Others)

The Virtual Reality in Healthcare Market is experiencing growth driven by the increasing application of immersive technology in medical education, surgical training, pain management, and rehabilitation therapy. With virtual reality (VR) offering immersive and interactive experiences, there's growing interest in leveraging VR solutions to enhance patient outcomes, improve healthcare provider skills, and optimize clinical workflows. VR simulators, patient education modules, and therapeutic applications are witnessing high adoption rates, driven by their ability to simulate real-world scenarios, enhance learning retention, and alleviate patient anxiety and discomfort. Further, advancements in VR hardware, software, and content creation are driving market innovation, enabling the development of customized VR experiences tailored to specific medical specialties and patient needs.

Virtual Reality in Healthcare Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Virtual Reality in Healthcare market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Virtual Reality in Healthcare survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Virtual Reality in Healthcare industry.

Key market trends defining the global Virtual Reality in Healthcare demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Virtual Reality in Healthcare Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Virtual Reality in Healthcare industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Virtual Reality in Healthcare companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Virtual Reality in Healthcare industry

Leading Virtual Reality in Healthcare companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Virtual Reality in Healthcare companies.

Virtual Reality in Healthcare Market Study- Strategic Analysis Review

The Virtual Reality in Healthcare market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Virtual Reality in Healthcare Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Virtual Reality in Healthcare industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Virtual Reality in Healthcare Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Virtual Reality in Healthcare Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Virtual Reality in Healthcare market segments. Similarly, Strong market demand is encouraging Canadian Virtual Reality in Healthcare companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Virtual Reality in Healthcare market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Virtual Reality in Healthcare Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Virtual Reality in Healthcare industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Virtual Reality in Healthcare market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Virtual Reality in Healthcare Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Virtual Reality in Healthcare in Asia Pacific. In particular, China, India, and South East Asian Virtual Reality in Healthcare markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Virtual Reality in Healthcare Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Virtual Reality in Healthcare Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Virtual Reality in Healthcare market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Virtual Reality in Healthcare.

Virtual Reality in Healthcare Market Company Profiles

The global Virtual Reality in Healthcare market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are CAE Healthcare Inc, EON Reality Inc, HTC Corp, Koninklijke Philips N.V., Medical Realities Ltd, Samsung Electronics Co. Ltd, Siemens Healthineers AG, Sony Corp, WorldViz LLC, XRHealth.

Recent Virtual Reality in Healthcare Market Developments

The global Virtual Reality in Healthcare market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Virtual Reality in Healthcare Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Component

Hardware

Software

Services

By Device

Head-Mounted Display (HMD)

Gesture-Tracking Device (GTD)

Projectors & Display Wall (PDW)

By Application

Pain Management

Education & Training

Surgery

Patient Care Management

Rehabilitation & Therapy Procedures

Others

By End-User

Hospitals

Clinics

Research Organizations

Pharma Companies

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

CAE Healthcare Inc

EON Reality Inc

HTC Corp

Koninklijke Philips N.V.

Medical Realities Ltd

Samsung Electronics Co. Ltd

Siemens Healthineers AG

Sony Corp

WorldViz LLC

XRHealth

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Virtual Reality in Healthcare Market Overview and Key Findings, 2024
1.2 Virtual Reality in Healthcare Market Size and Growth Outlook, 2021- 2030
1.3 Virtual Reality in Healthcare Market Growth Opportunities to 2030
1.4 Key Virtual Reality in Healthcare Market Trends and Challenges
  1.4.1 Virtual Reality in Healthcare Market Drivers and Trends
  1.4.2 Virtual Reality in Healthcare Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Virtual Reality in Healthcare Companies

2. VIRTUAL REALITY IN HEALTHCARE MARKET SIZE OUTLOOK TO 2030

2.1 Virtual Reality in Healthcare Market Size Outlook, USD Million, 2021- 2030
2.2 Virtual Reality in Healthcare Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. VIRTUAL REALITY IN HEALTHCARE MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. VIRTUAL REALITY IN HEALTHCARE MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Component
Hardware
Software
Services
By Device
Head-Mounted Display (HMD)
Gesture-Tracking Device (GTD)
Projectors & Display Wall (PDW)
By Application
Pain Management
Education & Training
Surgery
Patient Care Management
Rehabilitation & Therapy Procedures
Others
By End-User
Hospitals
Clinics
Research Organizations
Pharma Companies
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Virtual Reality in Healthcare Market, 2025
5.2 Asia Pacific Virtual Reality in Healthcare Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Virtual Reality in Healthcare Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Virtual Reality in Healthcare Market, 2025
5.5 Europe Virtual Reality in Healthcare Market Size Outlook by Type, 2021- 2030
5.6 Europe Virtual Reality in Healthcare Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Virtual Reality in Healthcare Market, 2025
5.8 North America Virtual Reality in Healthcare Market Size Outlook by Type, 2021- 2030
5.9 North America Virtual Reality in Healthcare Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Virtual Reality in Healthcare Market, 2025
5.11 South America Pacific Virtual Reality in Healthcare Market Size Outlook by Type, 2021- 2030
5.12 South America Virtual Reality in Healthcare Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Virtual Reality in Healthcare Market, 2025
5.14 Middle East Africa Virtual Reality in Healthcare Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Virtual Reality in Healthcare Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Virtual Reality in Healthcare Market Size Outlook and Revenue Growth Forecasts
6.2 US Virtual Reality in Healthcare Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Virtual Reality in Healthcare Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Virtual Reality in Healthcare Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Virtual Reality in Healthcare Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Virtual Reality in Healthcare Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Virtual Reality in Healthcare Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Virtual Reality in Healthcare Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Virtual Reality in Healthcare Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Virtual Reality in Healthcare Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Virtual Reality in Healthcare Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Virtual Reality in Healthcare Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Virtual Reality in Healthcare Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Virtual Reality in Healthcare Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Virtual Reality in Healthcare Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Virtual Reality in Healthcare Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Virtual Reality in Healthcare Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Virtual Reality in Healthcare Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Virtual Reality in Healthcare Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Virtual Reality in Healthcare Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Virtual Reality in Healthcare Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Virtual Reality in Healthcare Industry Drivers and Opportunities

7. VIRTUAL REALITY IN HEALTHCARE MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. VIRTUAL REALITY IN HEALTHCARE COMPANY PROFILES

8.1 Profiles of Leading Virtual Reality in Healthcare Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
CAE Healthcare Inc
EON Reality Inc
HTC Corp
Koninklijke Philips N.V.
Medical Realities Ltd
Samsung Electronics Co. Ltd
Siemens Healthineers AG
Sony Corp
WorldViz LLC
XRHealth.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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