Virtual Reality in Healthcare Market Size

  • Report ID: 3324
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Virtual Reality in Healthcare Market Size

Virtual Reality in Healthcare Market size was over USD 4.58 billion in 2024 and is anticipated to cross USD 177.69 billion by 2037, witnessing more than 32.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of virtual reality in healthcare is estimated at USD 5.85 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.


Global-Virtual-Reality-in-Healthcare-Market-Overview
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Author Credits:  Radhika Pawar


  • Report ID: 3324
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of virtual reality in healthcare is estimated at USD 5.85 billion.

Virtual Reality in Healthcare Market size was over USD 4.58 billion in 2024 and is anticipated to cross USD 177.69 billion by 2037, witnessing more than 32.5% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is predicted to account for largest revenue share by 2037, owing to increasing healthcare expenditure and the rising government initiatives for adoption of digital technologies in healthcare sector in the region.

The major players in the market include Google LLC, Koninklijike Philips N.V., GENERAL ELECTRIC COMPANY, and CAE Inc., among others.
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