Virtual Reality (VR) Market for Healthcare Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global virtual Reality (VR) market in healthcare is anticipated to grow at a CAGR of 35.3% during the forecast period (2023-2030). The market is driven by factors such as growing regulatory support, increasing adoption of VR-based medical education and training, and rapid technological advancements in VR technology, among others. For instance,

In July 2023, MediSim VR provided VR medical simulation training in India. Their patented technology provides medical and nursing students with various training procedures in a virtual and safe environment. The objective of this workshop was to discuss how VR can be used to enhance clinical skills, integrate VR into clinical nursing, and develop strategies to align nursing education with advances in healthcare.

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In June 2023, A Boston-based virtual reality platform, XRHealth, was granted a US patent for a technology that can adjust training and treatment protocols based on a patient's biometric and motion data. XRHealth's platform allows patients with autism spectrum disorder, stress, anxiety, chronic pain, fibromyalgia, and neurological conditions to receive recommended therapies through virtual reality headsets that are sent to their homes. Data is collected and shared with the provider, and patients can track their progress through XRHealth's mobile app.

In March 2023, Rocket VR Health, a company that develops virtual reality digital therapeutics for mental health, announced that it has started a randomized controlled trial with Massachusetts General Hospital. According to the company, A trial involving 80 patients is evaluating the feasibility and preliminary effectiveness of RVH's virtual reality digital therapeutic for improving quality of life, symptom burden, psychological distress, and self-efficacy in adult patients with blood cancers who are undergoing hematopoietic stem cell transplantation (HSCT) at MGH.

In June 2022, Proximie, a healthcare technology company, received $80 million in Series C funding to scale its virtual surgery platform. The round was led by Advent Life Sciences, with participation from new investors Emerson Collective and existing investors F-Prime Capital and Global Ventures. The company has now raised a total of $130 million.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Application
o By End-users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes companies such as Surgical Theater, Inc.,
Vicarious Surgical, XRHealth USA Inc., and VR Medical among others. The companies are adopting strategies such as focusing on research and development and mergers and acquisitions to compete in the market. For instance, In April 2023, two virtual reality (VR) companies, XRHealth in Boston and Amelia Virtual Care in Barcelona announced their plans to merge into a single company under the XRHealth name.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Virtual Reality (VR) Market for Healthcare Report Segment

By Component

• hardware
• software
• services

By Application

• Training and education
• Surgery
• Diagnostics
• Pain management
• Mental health

By End-user

• Hospitals and Clinics
• Research Institutions
• others (Medical Schools and Universities, Pharmaceutical Companies)

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Global Virtual Reality (VR) Market for Healthcare Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AppliedVR, Inc.
• Augmedics
• Classimmerse Inc.
• Floreo Inc.
• FVRVS Limited
• GigXR
• Health Scholars, Inc.
• KINDVR LLC
• MindMaze Inc
• Novobeing
• Osso VR

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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