Virtual Reality (VR) in Healthcare Market Report: Trends, Forecast and Competitive Analysis to 2030

Virtual Reality (VR) in Healthcare Trends and Forecast

The future of the global virtual reality (VR) in healthcare market looks promising with opportunities in the research and diagnostic, laboratories, hospitals & clinic, research organization, and pharmaceutical companies markets. Virtual reality (VR) in the global healthcare market is expected to reach an estimated $4.8 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are growing health condition prevalence, rising demand for innovative and increasing adoption and expansion of wearable technology.

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Virtual Reality (VR) in Healthcare by Segment

The study includes a forecast for the global virtual reality (VR) in healthcare by component, application, end use, and region.

Virtual Reality (VR) in Healthcare Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Content

Virtual Reality (VR) in Healthcare Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Patient Care Management
• Education & Training
• Fitness Management
• Pharmacy Management
• Surgery
• Pain Management
• Rehabilitation and Therapy Procedures
• Post-Traumatic Stress Disorder

Virtual Reality (VR) in Healthcare Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Research and Diagnostics
• Laboratories
• Hospitals & Clinics
• Research Organizations
• Pharmaceutical Companies

Virtual Reality (VR) in Healthcare Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Virtual Reality (VR) Companies in Healthcare Market

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies virtual reality (VR) companies in healthcare market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the virtual reality (VR) companies in healthcare market profiled in this report include-

• Koninklijke Philips
• Samsung Electronics
• EON Reality
• CAE Healthcare
• Oculus Rift
• Medical Realities
• XRHealth USA
• Amelia
• HTC Corporation
• Sony Corporation

Virtual Reality (VR) in Healthcare Market insights

Lucintel forecast that patient care management will remain the largest segment over the forecast period due to the increasing adoption of augmented reality and virtual reality in healthcare therapies and rehabilitation.

Within this market, hospitals & clinics will remain the largest segment due to growing usage of virtual reality in hospitals by surgeons so as to assists them during surgeries.

North America will remain the largest region over the forecast period due to the existence of a large number of healthcare facilities and availability of advanced healthcare infrastructure in the region.

Features of virtual reality (VR) in the global healthcare market

Market Size Estimates: Virtual reality (VR) in healthcare market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Virtual reality (VR) in healthcare market size by component, application, end use, and region in terms of value ($B).

Regional Analysis: Virtual reality (VR) in healthcare market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, applications, end uses, and regions for virtual reality (VR) in the global healthcare market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of virtual reality (VR) in the global healthcare market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is virtual reality (VR) in the global healthcare market size?

Answer: Virtual reality (VR) in the global healthcare market is expected to reach an estimated $4.8 billion by 2030.

Q.2 What is the growth forecast for virtual reality (VR) in healthcare market?

Answer: Virtual reality (VR) in the global healthcare market is expected to grow with a CAGR of 9.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of virtual reality (VR) in the global healthcare market?

Answer: The major drivers for this market are growing health condition prevalence, rising demand for innovative and increasing adoption and expansion of wearable technology.

Q4. What are the major segments for virtual reality (VR) in healthcare market?

Answer: The future of the global virtual reality (VR) in healthcare market looks promising with opportunities in the research and diagnostic, laboratories, hospitals & clinic, research organization, and pharmaceutical companies markets.

Q5. Who are the key virtual reality (VR) companies in the healthcare market companies?

Answer: Some of the key virtual reality (VR) in healthcare companies are as follows:

• Koninklijke Philips
• Samsung Electronics
• EON Reality
• CAE Healthcare
• Oculus Rift
• Medical Realities
• XRHealth USA
• Amelia
• HTC Corporation
• Sony Corporation

Q6. Which virtual reality (VR) in healthcare market segment will be the largest in future?

Answer: Lucintel forecast that patient care management will remain the largest segment over the forecast period due to the increasing adoption of augmented reality and virtual reality in healthcare therapies and rehabilitation.

Q7. in virtual reality (VR) in healthcare market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the existence of a large number of healthcare facilities and availability of advanced healthcare infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for virtual reality (VR) in the global healthcare market by component (hardware, software, and content), application (patient care management, education & training, fitness management, pharmacy management, surgery, pain management, rehabilitation & therapy procedures, and post-traumatic stress disorder), end use (research and diagnostics, laboratories, hospitals & clinics, research organizations, and pharmaceutical companies), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?