Press release
Global Healthcare Extended Reality Market Projected to Surpass $34.83 Billion by 2029 with 32.7% Annual Growth
Healthcare Extended Reality Market Size
The growing adoption of telemedicine is expected to drive the healthcare extended reality (XR) market. Telemedicine enables patients to consult healthcare professionals remotely, offering convenient access to medical care. Advancements in technology have made remote consultations and monitoring more feasible. Healthcare XR enhances telemedicine by allowing for immersive remote consultations, virtual examinations, and interactive training, improving patient engagement, diagnostic accuracy, and collaborative care among healthcare professionals. For example, according to the Centers for Disease Control and Prevention (CDC) in June 2024, the proportion of adult telemedicine users increased by 30.1% in 2022 compared to the previous year. Additionally, the Australian Digital Health Agency reported in August 2022 that between March 2020 and July 2022, 118.2 million telehealth services were delivered to 18 million patients, with over 95,000 practitioners using telehealth services. As telemedicine adoption continues to rise, it will contribute to the growth of the healthcare XR market.
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What is the projected compound annual growth rate (CAGR) of the healthcare extended reality market from 2025 to 2034, and what factors influence it?
The healthcare extended reality (XR) market has experienced exponential growth, rising from $8.43 billion in 2024 to $11.22 billion in 2025 at a CAGR of 33.1%. The surge has been fueled by increased surgical procedures, demand for pain management, rising chronic disease prevalence, growing healthcare expenditures, and advancements in medical training and education.
The healthcare extended reality market size is expected to expand rapidly in the coming years, projected to reach $34.83 billion by 2029, growing at an impressive CAGR of 32.7%. This growth will be fueled by the increasing application of XR technology in medical training and education, a rise in mental health concerns, a growing number of healthcare institutions, and expanding adoption of XR technologies. Key trends during the forecast period include advancements in telemedicine, continuous technological innovations, improvements in display technologies, enhancements in virtual reality headset technology, and progress in digital health solutions.
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How are the latest trends influencing the growth of the healthcare extended reality market?
In the healthcare extended reality (XR) market, companies are integrating virtual and augmented reality technologies to enhance medical training, patient treatment, and surgical planning. These technologies offer immersive, interactive environments that improve both the learning experience and patient care. In April 2024, SindyXR Inc., a US-based telehealth group therapy platform, launched its XR-based group health support system. This platform enhances patient care through immersive educational experiences, boosts patient engagement, enables remote access to healthcare services, and provides mental health support. The system also aids in pain management and collaboration among healthcare professionals, improving overall health outcomes.
What are the major segments of the healthcare extended reality market and their role in driving growth?
The healthcare extended reality market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Augmented Reality, Virtual Reality, Mixed Reality
3) By Application: Surgery, Therapy, Education And Training, Rehabilitation, Pain Management, Other Applications
4) By End User: Hospitals Clinics And Surgical Centers, Pharma Companies, Research Organization And Diagnostics Laboratories, Other End Users
Subsegments:
1) By Hardware: Head-Mounted Displays (HMDs), Smart Glasses, Haptic Feedback Devices, Sensors and Cameras
2) By Software: Virtual Reality (VR) Software, Augmented Reality (AR) Software, Mixed Reality (MR) Software, Simulation and Training Software
3) By Services: Consulting Services, Integration And Deployment Services, Support And Maintenance Services, Training And Education Services
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Which regions are key players in the growth of the healthcare extended reality market?
North America was the largest region in the healthcare extended reality market in 2024. The regions covered in the healthcare extended reality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the healthcare extended reality market?
Major companies operating in the healthcare extended reality market are Microsoft Corporation, Meta Platforms Inc., Qualcomm Technologies Inc., Medtronic plc, NVIDIA Corporation, EInfochips Inc., PTC Inc., American Medical Association, EON Reality Inc., Osso VR Inc., zSpace Inc., SphereGen Technologies LLC, VirtaMed AG, CareAR Inc., Surgical Theater Inc., XRHealth, Mary Ann Liebert Inc., AppliedVR Inc., OramaVR Inc., Apprentice.io, Auganix Ltd., Fusion VR, GigXR Inc., PrecisionOS Technology Inc., SentiAR Inc.
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What Is Covered In The Healthcare Extended Reality Global Market Report?
•Market Size Forecast: Examine the healthcare extended reality market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the healthcare extended reality market for a structured understanding.
•Key Players Overview: Analyze major players in the healthcare extended reality market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the healthcare extended reality market.
•Segment Contributions: Evaluate how different segments drive overall growth in the healthcare extended reality market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the healthcare extended reality market.
•Industry Challenges: Identify potential risks and obstacles affecting the healthcare extended reality market.
•Competitive Landscape: Review strategic developments in the healthcare extended reality market, including expansions, agreements, and new product launches.
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