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Global Virtual Reality In Healthcare Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 10/11/2022
  • NO OF PAGES
  • 278
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview:

The global Virtual Reality in Healthcare Market size was valued at USD 2.56 billion in 2022, and is projected to reach USD 27.57 billion by 2032 at a CAGR of 23.5% from 2022 to 2032. The Virtual Reality (VR) in Healthcare market refers to the use of virtual reality technology in healthcare settings to enhance patient outcomes, improve clinical outcomes, and train healthcare professionals. VR technology offers an immersive and interactive environment that can simulate real-world situations and scenarios, allowing healthcare professionals to train and learn in a safe and controlled environment.

Some of the key trends and opportunities in the Virtual Reality in Healthcare Market include:

·         Training and Education: Virtual Reality in Healthcare Market is being increasingly used in healthcare training and education to provide a realistic and immersive learning experience. Healthcare professionals can use VR simulations to train and practice complex medical procedures and improve their skills and knowledge.

·         Rehabilitation: VR technology is being used in rehabilitation to help patients recover from injuries or disabilities. VR simulations can help patients to regain their mobility and motor function by providing a safe and interactive environment for physical therapy.

·         Mental Health: VR technology is being used in the treatment of mental health conditions such as anxiety and PTSD. VR simulations can provide a safe and controlled environment for exposure therapy, helping patients to overcome their fears and anxieties.

·         Telemedicine: VR technology is being used in telemedicine to provide remote consultations and virtual visits. Patients can use VR headsets to meet with healthcare professionals and receive medical advice and treatment from the comfort of their own homes.

Overall, the Virtual Reality in Healthcare Market is expected to continue to grow in the coming years, driven by the increasing demand for innovative and immersive healthcare solutions. The technology has the potential to transform the healthcare industry by improving patient outcomes, enhancing clinical outcomes, and transforming the way healthcare professionals are trained and educated.

Growing need for innovative and immersive healthcare solutions is propelling Virtual Reality in Healthcare Market growth.

Traditional healthcare methods and technologies often fall short in addressing the complex and varied needs of patients, healthcare professionals, and medical researchers. As such, there is a growing demand for new and innovative solutions that can improve patient outcomes, enhance clinical outcomes, and transform the way healthcare professionals are trained and educated. VR technology provides an immersive and interactive environment that can simulate real-world situations and scenarios, allowing healthcare professionals to train and learn in a safe and controlled environment. VR can also be used to provide a distraction from pain and anxiety in patients, and to provide a safe and controlled environment for exposure therapy in the treatment of mental health conditions. Furthermore, the COVID-19 pandemic has accelerated the adoption of telemedicine and remote healthcare solutions, and VR technology has played a crucial role in this shift towards virtual healthcare. With VR, healthcare professionals can provide remote consultations and virtual visits, helping to reduce the spread of the virus and improve access to healthcare services. Overall, the increasing need for innovative and immersive healthcare solutions, along with the growing adoption of telemedicine and remote healthcare, is driving the growth of the Virtual Reality in Healthcare Market.

Segmentation:

·         By Technology: The Virtual Reality in Healthcare Market can be segmented by the type of technology used, including fully immersive VR, semi-immersive VR, and non-immersive VR.

·         By Component: Virtual Reality in Healthcare Market can also be segmented by component, including software and hardware. The hardware components include VR headsets, sensors, and controllers, while software components include VR applications and platforms.

·         By Application: Virtual Reality in Healthcare Market can be segmented based on the application of VR technology in healthcare, such as surgery and operating room simulation, medical training and education, pain management, rehabilitation, and treatment of mental health conditions.

·         By End User: Virtual Reality in Healthcare Market can be segmented by end-user, including hospitals and clinics, medical schools and research institutes, and patients and caregivers.

Geography:

North America is currently the dominant region in the Virtual Reality in Healthcare Market. The region has a well-established healthcare infrastructure and a high adoption rate of advanced technologies, making it an ideal market for VR in Healthcare solutions. In addition, the presence of key players in the region, such as Microsoft, HTC Corporation, and Oculus VR, has further fueled the growth of Virtual Reality in Healthcare Market. Europe is also a significant Virtual Reality in Healthcare Market market, owing to the growing demand for innovative healthcare solutions and the presence of a large patient population. The Asia Pacific region is expected to witness the highest growth rate in the Virtual Reality in Healthcare Market, driven by increasing healthcare expenditure, growing adoption of advanced technologies, and rising awareness about VR technology. Overall, the Virtual Reality in Healthcare Market is expected to grow rapidly in all regions, as the demand for innovative and immersive healthcare solutions continues to increase, and the adoption of telemedicine and remote healthcare solutions accelerates.

Impact of the Russia-Ukraine War on the global Virtual Reality in Healthcare Market:

The impact of the Russia-Ukraine war on the Virtual Reality in Healthcare Market is not immediately clear, as the conflict has not had a direct impact on the adoption or use of VR technology in healthcare. However, the ongoing conflict has had several indirect impacts that could potentially affect Virtual Reality in Healthcare Market in the future. One indirect impact of the war is on the global economy, as it has led to political instability and economic sanctions that can impact the overall growth of the Virtual Reality in Healthcare Market. Economic sanctions and trade restrictions can limit the ability of companies to operate in affected regions, potentially affecting the growth of Virtual Reality in Healthcare Market. In addition, the war has caused widespread destruction of infrastructure and healthcare facilities in affected regions, which could potentially impact the adoption and use of VR technology in healthcare in those areas. The displacement of healthcare professionals and patients could also affect the availability of healthcare services, including the use of VR technology.

Overall, the impact of the Russia-Ukraine war on the Virtual Reality in Healthcare Market is complex and multifaceted, with both direct and indirect impacts that could potentially affect the growth and adoption of VR technology in healthcare in affected regions.

Company Profiles:

·         Osso VR

·         Medical Realities

·         Firsthand Technology

·         Surgical Theater

·         MindMaze

·         ImmersiveTouch

·         FundamentalVR

·         Psious

·         Oculus VR

·         HTC Corporation

·         Samsung Electronics

·         Sony Corporation

·         Google

·         AppliedVR

·         Intuitive Surgical

Global Virtual Reality In Healthcare Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Virtual Reality In Healthcare Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Virtual Reality In Healthcare
1.3 Virtual Reality In Healthcare Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Virtual Reality In Healthcare
1.4.2 Applications of Virtual Reality In Healthcare
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 CAE Healthcare Market Performance Analysis
3.1.1 CAE Healthcare Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 CAE Healthcare Sales, Value, Price, Gross Margin 2016-2021
3.2 Virtual Realties Ltd Market Performance Analysis
3.2.1 Virtual Realties Ltd Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Virtual Realties Ltd Sales, Value, Price, Gross Margin 2016-2021
3.3 Intuitive Surgical, Inc Market Performance Analysis
3.3.1 Intuitive Surgical, Inc Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Intuitive Surgical, Inc Sales, Value, Price, Gross Margin 2016-2021
3.4 Stryker Corporation Market Performance Analysis
3.4.1 Stryker Corporation Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Stryker Corporation Sales, Value, Price, Gross Margin 2016-2021
3.5 Brainlab AG Market Performance Analysis
3.5.1 Brainlab AG Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Brainlab AG Sales, Value, Price, Gross Margin 2016-2021
3.6 Vital Images, Inc Market Performance Analysis
3.6.1 Vital Images, Inc Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Vital Images, Inc Sales, Value, Price, Gross Margin 2016-2021
3.7 Philips Healthcare Market Performance Analysis
3.7.1 Philips Healthcare Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Philips Healthcare Sales, Value, Price, Gross Margin 2016-2021
3.8 Medtronic, Inc Market Performance Analysis
3.8.1 Medtronic, Inc Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Medtronic, Inc Sales, Value, Price, Gross Margin 2016-2021
3.9 Siemens Healthcare Market Performance Analysis
3.9.1 Siemens Healthcare Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Siemens Healthcare Sales, Value, Price, Gross Margin 2016-2021
3.10 Virtalis Ltd Market Performance Analysis
3.10.1 Virtalis Ltd Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Virtalis Ltd Sales, Value, Price, Gross Margin 2016-2021
3.11 GE Healthcare Market Performance Analysis
3.11.1 GE Healthcare Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 GE Healthcare Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Virtual Reality In Healthcare Production and Value by Type
4.1.1 Global Virtual Reality In Healthcare Production by Type 2016-2021
4.1.2 Global Virtual Reality In Healthcare Market Value by Type 2016-2021
4.2 Global Virtual Reality In Healthcare Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Hardware Market Production, Value and Growth Rate
4.2.2 Software Market Production, Value and Growth Rate
4.2.3 Service Market Production, Value and Growth Rate
4.3 Global Virtual Reality In Healthcare Production and Value Forecast by Type
4.3.1 Global Virtual Reality In Healthcare Production Forecast by Type 2022-2030
4.3.2 Global Virtual Reality In Healthcare Market Value Forecast by Type 2022-2030
4.4 Global Virtual Reality In Healthcare Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Hardware Market Production, Value and Growth Rate Forecast
4.4.2 Software Market Production, Value and Growth Rate Forecast
4.4.3 Service Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Virtual Reality In Healthcare Consumption and Value by Application
5.1.1 Global Virtual Reality In Healthcare Consumption by Application 2016-2021
5.1.2 Global Virtual Reality In Healthcare Market Value by Application 2016-2021
5.2 Global Virtual Reality In Healthcare Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Rehabilitation and therapy procedures Market Consumption, Value and Growth Rate
5.2.2 Surgery Market Consumption, Value and Growth Rate
5.2.3 Visualization Market Consumption, Value and Growth Rate
5.2.4 Education and training Market Consumption, Value and Growth Rate
5.2.5 Others Market Consumption, Value and Growth Rate
5.3 Global Virtual Reality In Healthcare Consumption and Value Forecast by Application
5.3.1 Global Virtual Reality In Healthcare Consumption Forecast by Application 2022-2030
5.3.2 Global Virtual Reality In Healthcare Market Value Forecast by Application 2022-2030
5.4 Global Virtual Reality In Healthcare Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Rehabilitation and therapy procedures Market Consumption, Value and Growth Rate Forecast
5.4.2 Surgery Market Consumption, Value and Growth Rate Forecast
5.4.3 Visualization Market Consumption, Value and Growth Rate Forecast
5.4.4 Education and training Market Consumption, Value and Growth Rate Forecast
5.4.5 Others Market Consumption, Value and Growth Rate Forecast

6 Global Virtual Reality In Healthcare by Region, Historical Data and Market Forecasts
6.1 Global Virtual Reality In Healthcare Sales by Region 2016-2021
6.2 Global Virtual Reality In Healthcare Market Value by Region 2016-2021
6.3 Global Virtual Reality In Healthcare Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Virtual Reality In Healthcare Sales Forecast by Region 2022-2030
6.5 Global Virtual Reality In Healthcare Market Value Forecast by Region 2022-2030
6.6 Global Virtual Reality In Healthcare Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2030
7.1 United State Virtual Reality In Healthcare Value and Market Growth 2016-2021
7.2 United State Virtual Reality In Healthcare Sales and Market Growth 2016-2021
7.3 United State Virtual Reality In Healthcare Market Value Forecast 2022-2030

8 Canada Market Size Analysis 2016-2030
8.1 Canada Virtual Reality In Healthcare Value and Market Growth 2016-2021
8.2 Canada Virtual Reality In Healthcare Sales and Market Growth 2016-2021
8.3 Canada Virtual Reality In Healthcare Market Value Forecast 2022-2030

9 Germany Market Size Analysis 2016-2030
9.1 Germany Virtual Reality In Healthcare Value and Market Growth 2016-2021
9.2 Germany Virtual Reality In Healthcare Sales and Market Growth 2016-2021
9.3 Germany Virtual Reality In Healthcare Market Value Forecast 2022-2030

10 UK Market Size Analysis 2016-2030
10.1 UK Virtual Reality In Healthcare Value and Market Growth 2016-2021
10.2 UK Virtual Reality In Healthcare Sales and Market Growth 2016-2021
10.3 UK Virtual Reality In Healthcare Market Value Forecast 2022-2030

11 France Market Size Analysis 2016-2030
11.1 France Virtual Reality In Healthcare Value and Market Growth 2016-2021
11.2 France Virtual Reality In Healthcare Sales and Market Growth 2016-2021
11.3 France Virtual Reality In Healthcare Market Value Forecast 2022-2030

12 Italy Market Size Analysis 2016-2030
12.1 Italy Virtual Reality In Healthcare Value and Market Growth 2016-2021
12.2 Italy Virtual Reality In Healthcare Sales and Market Growth 2016-2021
12.3 Italy Virtual Reality In Healthcare Market Value Forecast 2022-2030

13 Spain Market Size Analysis 2016-2030
13.1 Spain Virtual Reality In Healthcare Value and Market Growth 2016-2021
13.2 Spain Virtual Reality In Healthcare Sales and Market Growth 2016-2021
13.3 Spain Virtual Reality In Healthcare Market Value Forecast 2022-2030

14 Russia Market Size Analysis 2016-2030
14.1 Russia Virtual Reality In Healthcare Value and Market Growth 2016-2021
14.2 Russia Virtual Reality In Healthcare Sales and Market Growth 2016-2021
14.3 Russia Virtual Reality In Healthcare Market Value Forecast 2022-2030

15 China Market Size Analysis 2016-2030
15.1 China Virtual Reality In Healthcare Value and Market Growth 2016-2021
15.2 China Virtual Reality In Healthcare Sales and Market Growth 2016-2021
15.3 China Virtual Reality In Healthcare Market Value Forecast 2022-2030

16 Japan Market Size Analysis 2016-2030
16.1 Japan Virtual Reality In Healthcare Value and Market Growth 2016-2021
16.2 Japan Virtual Reality In Healthcare Sales and Market Growth 2016-2021
16.3 Japan Virtual Reality In Healthcare Market Value Forecast 2022-2030

17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Virtual Reality In Healthcare Value and Market Growth 2016-2021
17.2 South Korea Virtual Reality In Healthcare Sales and Market Growth 2016-2021
17.3 South Korea Virtual Reality In Healthcare Market Value Forecast 2022-2030

18 Australia Market Size Analysis 2016-2030
18.1 Australia Virtual Reality In Healthcare Value and Market Growth 2016-2021
18.2 Australia Virtual Reality In Healthcare Sales and Market Growth 2016-2021
18.3 Australia Virtual Reality In Healthcare Market Value Forecast 2022-2030

19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Virtual Reality In Healthcare Value and Market Growth 2016-2021
19.2 Thailand Virtual Reality In Healthcare Sales and Market Growth 2016-2021
19.3 Thailand Virtual Reality In Healthcare Market Value Forecast 2022-2030

20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Virtual Reality In Healthcare Value and Market Growth 2016-2021
20.2 Brazil Virtual Reality In Healthcare Sales and Market Growth 2016-2021
20.3 Brazil Virtual Reality In Healthcare Market Value Forecast 2022-2030

21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Virtual Reality In Healthcare Value and Market Growth 2016-2021
21.2 Argentina Virtual Reality In Healthcare Sales and Market Growth 2016-2021
21.3 Argentina Virtual Reality In Healthcare Market Value Forecast 2022-2030

22 Chile Market Size Analysis 2016-2030
22.1 Chile Virtual Reality In Healthcare Value and Market Growth 2016-2021
22.2 Chile Virtual Reality In Healthcare Sales and Market Growth 2016-2021
22.3 Chile Virtual Reality In Healthcare Market Value Forecast 2022-2030

23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Virtual Reality In Healthcare Value and Market Growth 2016-2021
23.2 South Africa Virtual Reality In Healthcare Sales and Market Growth 2016-2021
23.3 South Africa Virtual Reality In Healthcare Market Value Forecast 2022-2030

24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Virtual Reality In Healthcare Value and Market Growth 2016-2021
24.2 Egypt Virtual Reality In Healthcare Sales and Market Growth 2016-2021
24.3 Egypt Virtual Reality In Healthcare Market Value Forecast 2022-2030

25 UAE Market Size Analysis 2016-2030
25.1 UAE Virtual Reality In Healthcare Value and Market Growth 2016-2021
25.2 UAE Virtual Reality In Healthcare Sales and Market Growth 2016-2021
25.3 UAE Virtual Reality In Healthcare Market Value Forecast 2022-2030

26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Virtual Reality In Healthcare Value and Market Growth 2016-2021
26.2 Saudi Arabia Virtual Reality In Healthcare Sales and Market Growth 2016-2021
26.3 Saudi Arabia Virtual Reality In Healthcare Market Value Forecast 2022-2030

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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