Virtual Reality (VR) in Healthcare Market to Reach USD 38.46 billion by 2032; Rising Adoption of VR to Treat Patients to Improve Market Progress

The global Virtual Reality (VR) in healthcare market size touched USD 3.12 billion in 2023 and is predicted to reach USD 4.18 billion in 2024. The market is anticipated to touch USD 38.46 billion by 2032, exhibiting a CAGR of 32.0% over 2023-2030.

Fortune Business Insights™ displays this information in its latest report titled “Virtual Reality (VR) in Healthcare Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Content), By Application (Pain Management, Education & Training, Surgery, Patient Care Management, Rehabilitation & Therapy Procedures, and Post-Traumatic Stress Disorder (PTSD)), and Regional Forecast, 2024-2032”.

A rising percentage of leading virtual reality solution providers is combining 3D interactive content with 360-degree video features to create high-quality learning programs for medical students and physicians. For example, platforms, such as Proximie and SentiAR, which are based on a 360-degree scale, provide surgeons with real-time body scans to help them better understand and diagnose an underlying medical condition. This factor is predicted to expand the global Virtual Reality (VR) in healthcare market share during the forecast period.

Demand for Interactive Learning Sessions Increased During COVID-19 Pandemic

The COVID-19 pandemic forced many people to spend more time indoors and also temporarily halted medical training programs. However, the demand for online and interactive learning programs grew dramatically during this period. Medical students faced several challenges while doing their practical sessions, which boosted the implementation of Virtual Reality in healthcare learning and training sessions.

Rising Adoption of VR to Treat Patients to Improve Market Progress

End-users in the healthcare sector are exploring the applications of virtual reality (VR) technology to enhance the quality of treatments offered to patients. Some of the popular applications of this technology include pain management, social cognition training for an autistic patient, damage examination & rehabilitation, recovery after a stroke, Post-traumatic Stress Disorder (PTSD), and more. For example, doctors are using VR solutions to treat military veterans suffering from PTSD. These developments will help the market grow in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/virtual-reality-vr-in-healthcare-market-101679

Competitive Landscape

Key Players to Develop Innovative Virtual Medical Toolkits to Cement their Market Positions

The leading companies operating in the market are focusing on developing futuristic medical technologies to help healthcare workers improve the quality of care offered to patients. These organizations are also collaborating with caregivers and medical professionals to develop advanced virtual care and inspection technologies. By developing new content, these firms are offering a wide range of virtual medical applications such as vision inspection, rehabilitation, psychological & mental administration, and many others.

Notable Industry Development:

• June 2022 – NYC Health & Hospital unveiled a novel virtual reality technology to its course library that focuses on obstetrics simulation training.

List of the Companies Profiled in the Report:

• Koninklijke Philips N.V. (Netherlands)


• Samsung Electronics Co. Ltd. (South Korea)


• EON Reality (U.S.)


• CAE Healthcare (U.S.)


• Oculus Rift (Facebook Inc.) (U.S.)


• Medical Realities Ltd. (U.K.)


• XRHealth USA Inc. (U.S.)


• Amelia, formerly Psious VR (Spain)


• HTC Corporation (Taiwan)


• Sony Corporation (Japan)

Further Report Findings

• North America recorded the highest revenue for the market in 2022. The usage of VR solutions is growing across the region as there is a robust demand for immersive technologies in medical practices. Some of other factors include supportive government initiatives and heavy investments in various research & development projects. The U.S. government is also offering strong financial support to carry out research on potential applications of VR in healthcare. Healthcare professionals are outsourcing healthcare-related IT services as they are under immense pressure to decrease medical treatment costs. These factors are also predicted to bolster the adoption of Virtual Reality in healthcare.


• Asia Pacific is anticipated to register a lucrative CAGR during the forecast timeframe. Developing countries, such as India, China, and Japan, are expected to hold a dominant position in the healthcare industry in terms of revenue. China is increasing investments in its digital healthcare and telehealth sectors. This is anticipated to fuel the country’s Virtual Reality in healthcare market growth. Organizations involved in the healthcare industry might also spend more on VR technologies. According to a report by Invest India, in 2022, the country’s health sector witnessed a growth of nearly USD 370 billion in investments.


• The hardware segment captured the largest market share in 2022. Some popular examples of VR hardware include PCs, Head-mounted Displays (HMDs), and other gadgets such as laptops and mobiles. VR headsets are majorly used for learning, training, and treatment applications.


• The education & training segment registered the highest revenue in 2022. VR technology is finding strong usage in medical education and training of healthcare professionals. Recent studies have revealed that a VR 360° video can enhance a learner’s skill acquisition and knowledge retention levels. Looking at the high demand for such products, in March 2021, Osso VR announced plans to expand its VR training platform for endoscopy and interventional surgical procedures.

Table of Segmentation