Virtual Reality in Healthcare Market Size

Virtual Reality in Healthcare Market size was valued at USD 3.46 billion in 2023 and is expected to exceed USD 134.24 billion by 2036, expanding at over 32.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of virtual reality in healthcare is assessed at USD 4.36 billion. The extensive research associated with virtual reality in healthcare on a global level, along with the growing investment in the development of virtual reality healthcare start-ups, are expected to fuel the progress of this market in the coming years. In addition, virtual reality technology also helps raise disease awareness among healthcare professionals by simulating real-world experience, which is also expected to contribute significantly to virtual reality in healthcare market growth. The growth of the market can also be attributed to factors such as the increasing integration of digital technology in healthcare and the rising need to provide efficient health services on a global level.

According to the analysis of a study published by the National Center for Biotechnology Information in 2018, the use of virtual education technology in laparoscopic surgery training had improved learning in 74% of studies. Also, higher accuracy in medical practice by individuals trained through virtual reality was reported in 87% of studies. This signifies that the application of virtual reality technologies plays an essential role in enhancing the performance of different medical groups, which in turn is assessed to offer ample growth opportunities to the virtual reality in healthcare market in the future.