PUBLISHER: The Business Research Company | PRODUCT CODE: 1720808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1720808
Healthcare extended reality (XR) refers to the integration of virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies to enhance medical training, patient treatment, and surgical procedures. It is utilized to improve patient outcomes, provide immersive simulations for healthcare professionals, and enable remote consultations and rehabilitation.
The primary components of healthcare extended reality include hardware, software, and services. Hardware consists of the physical components and devices necessary to deliver XR experiences in healthcare. The key technologies involved are augmented reality, virtual reality, and mixed reality, which are applied in various areas such as surgery, therapy, education and training, rehabilitation, and pain management. Healthcare XR is used by various end users, including hospitals, clinics, surgical centers, pharmaceutical companies, research organizations, and diagnostic laboratories.
The healthcare extended reality market research report is one of a series of new reports from The Business Research Company that provides healthcare extended reality market statistics, including healthcare extended reality industry global market size, regional shares, competitors with a healthcare extended reality market share, detailed healthcare extended reality market segments, market trends, and opportunities, and any further data you may need to thrive in the healthcare extended reality industry. This healthcare extended reality research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The healthcare extended reality market size has grown exponentially in recent years. It will grow from $8.43 billion in 2024 to $11.22 billion in 2025 at a compound annual growth rate (CAGR) of 33.1%. The growth during the historic period can be attributed to the rise in surgical procedures, the increasing demand for pain management, the growing prevalence of chronic diseases, higher healthcare expenditure, and advancements in medical training and education.
The healthcare extended reality market size is expected to see exponential growth in the next few years. It will grow to $34.83 billion in 2029 at a compound annual growth rate (CAGR) of 32.7%. The growth in the forecast period can be attributed to the expansion of pioneering applications in medical training and education, the rising prevalence of mental health issues, the increasing adoption of XR technology in medical education, and the growing number of healthcare institutions. Key trends during this period include advancements in telemedicine technologies, continuous technological innovations, breakthroughs in display technologies, improvements in virtual reality headset technology, and the expansion of digital health solutions.
The increased adoption of telemedicine is expected to drive the growth of the healthcare extended reality (XR) market. Telemedicine, which involves using telecommunications technology to provide remote medical care and services, allows patients to consult healthcare professionals without physically visiting medical facilities. The growing demand for convenient healthcare access and technological advancements that enable remote consultations and monitoring contribute to the rise of telemedicine. Healthcare extended reality enhances telemedicine by providing immersive remote consultations, virtual examinations, and interactive training, improving patient engagement, diagnostic accuracy, and collaboration among healthcare professionals. For instance, in June 2024, the Centers for Disease Control and Prevention (CDC), a US-based government agency, reported that 30.1% of adults used telemedicine services in 2022. Additionally, in August 2022, the Australian Digital Health Agency revealed that between March 2020 and July 2022, 118.2 million telehealth services were delivered to 18 million patients, with more than 95,000 practitioners utilizing telehealth in 2022. Therefore, the increased adoption of telemedicine is driving the growth of the healthcare extended reality market.
Leading companies in healthcare extended reality are focusing on technological innovations, such as integrating virtual and augmented reality, to enhance medical training, patient treatment, and surgical planning. Virtual and augmented reality technologies create immersive and interactive environments by blending digital content with the real world, improving user experiences. For example, in April 2024, SindyXR Inc., a US-based telehealth group therapy platform company, launched its first extended reality (XR)-based group health support system. This platform enhances patient care through immersive educational experiences that improve engagement and provide remote access to healthcare services. It also supports mental health treatments, alleviates pain perception, and facilitates collaboration among healthcare professionals, leading to better health outcomes.
In February 2024, the National Board of Medical Examiners (NBME), a US-based nonprofit organization that develops and manages assessments for student physicians, acquired Medvr Education for an undisclosed amount. This acquisition aims to enhance medical training and assessment through advanced simulation-based learning, improving healthcare professionals' skills. Medvr Education is a US-based training platform specializing in extended reality platforms designed to improve healthcare training and skill development.
Major players in the healthcare extended reality market are Microsoft Corporation, Meta Platforms Inc., Qualcomm Technologies Inc., Medtronic plc, NVIDIA Corporation, EInfochips Inc., PTC Inc., American Medical Association, EON Reality Inc., Osso VR Inc., zSpace Inc., SphereGen Technologies LLC, VirtaMed AG, CareAR Inc., Surgical Theater Inc., XRHealth, Mary Ann Liebert Inc., AppliedVR Inc., OramaVR Inc., Apprentice.io, Auganix Ltd., Fusion VR, GigXR Inc., PrecisionOS Technology Inc., SentiAR Inc.
North America was the largest region in the healthcare extended reality market in 2024. The regions covered in healthcare extended reality report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the healthcare extended reality market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The healthcare extended reality market consists of revenues earned by entities providing services such as surgical training and simulation, patient education, virtual consultations, medical device training, and remote surgery. The market value includes the value of related goods sold by the service provider or included within the service offering. The healthcare extended reality market also includes sales of XR rehabilitation devices, remote patient monitoring, XR medical training solutions, telemedicine XR platforms, and XR anatomy visualization platforms. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Healthcare Extended Reality Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare extended reality market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare extended reality ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare extended reality market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.