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Virtual Reality in Healthcare Market Trends

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Report ID: 3324
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Virtual Reality in Healthcare Market Trends

Growth Drivers

Extensive Research Associated with Virtual Reality in Healthcare on Global Level
Growing Investment in the Development of Virtual Reality Healthcare Start-Ups

Challenges

Hardships in Adopting and Deploying New Technology
Lack of Awareness About the Technology in Lower Economic Regions

Virtual Reality in Healthcare Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	32.5%
Base Year Market Size (2023)	USD 3.46 billion
Forecast Year Market Size (2036)	USD 134.24 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Virtual Reality in Healthcare Market Size, Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 3324
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of virtual reality in healthcare is assessed at USD 4.36 billion.

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. The extensive research associated with virtual reality in healthcare on global level, along with the growing investment in the development of virtual reality healthcare start-ups, will fuel the market growth.

Asia Pacific is set to account for largest revenue share by 2036, 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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