Virtual Reality Market in Healthcare to Grow by USD 9,019.06 Million from 2022 to 2027, Growing Demand for Healthcare Services to Boost Market Growth – Technavio

NEW YORK, June 27, 2023 /PRNewswire/ — The virtual reality (VR) market in Healthcare is estimated to grow at a CAGR of 32.85% between 2022 and 2027. The market size is forecast to increase by USD 9,019.06 million, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Some Companies Mentioned their Offerings.

• HTC Corp. – The company offers virtual reality solutions in the healthcare sector such as Vive headset.
• Siemens AG – The company offers virtual reality such as Galaxy smartwatches, galaxy tab a, and galaxy a series in the healthcare sector.
• XRHealth USA Inc. – The company offers virtual reality such as mini lite and lite with boom camera, and tv and tv pro one in the healthcare sector.
• To gain access to more vendor profiles with their key offerings available with Technavio, Download Sample Report

Virtual Reality Market in Healthcare Market – Market Dynamics:

Key Drivers

Growing demand for healthcare services is notably driving the growth of virtual reality (VR) in the healthcare market. This is due to the increasing aging population and the rise in global disposable income. Moreover, there is a growing prevalence of chronic illnesses and a demand for enhanced healthcare services. As a result, there is an urgent requirement for additional medical services and personnel to address the growing number of patients effectively. Consequently, the healthcare industry is witnessing the rise of innovative mobile applications and systems that employ virtual reality technology. Hence, these factors are expected to drive the market’s growth during the forecast period.

Major Trends

The advent of Industry 4.0 is a major trend shaping the virtual reality (VR) market in healthcare. The concept of Industry 4.0 is to use new digital technology and intelligent automation in various business and production processes. This integration makes building interconnected and intelligent systems easier, which has significant strategic and operational benefits. The healthcare industry is gradually adopting Industry 4.0, utilizing sensors and the Internet of Things (IoT) to monitor patients and provide real-time treatment properly. The growing use of the sector 4.0 framework in healthcare is expected to benefit the industry by integrating augmented and virtual reality systems with self-monitoring and analytic capabilities, ultimately driving operational efficiencies.

Significant Challenges

Infrastructural and integration issues are challenging the virtual reality (VR) market growth in healthcare. The successful deployment of virtual reality solutions relies heavily on the availability of fast and reliable internet connectivity with high bandwidth. Challenges arise when issues such as limited connectivity, insufficient power supply, and sluggish networks occur, leading to system downtime and negatively impacting business productivity. This presents a significant challenge for the effective implementation of advanced systems in the healthcare industry, particularly in developing countries like China, India, and Japan. Consequently, the growth of the virtual reality (VR) market in the healthcare sector is expected to be hampered during the forecast period due to the presence of various infrastructure and system integration issues, impeding the implementation of virtual reality in healthcare.

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Virtual Reality Market in Healthcare Market 2023-2027: Segmentation

the virtual reality market in the healthcare market report is segmented by component (software and services), end-user (research and diagnostics, hospitals and clinics, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The virtual reality (VR) market in healthcare share growth by the software segment will be significant during the forecast period. The software segment of the virtual reality (VR) market encompasses a range of software applications and platforms utilized in the creation, development, and delivery of virtual reality experiences for medical applications. In the healthcare sector, virtual reality software finds application in various areas such as medical training, patient education, treatment, and surgical simulation. By leveraging virtual reality software, medical professionals can construct immersive experiences that simulate intricate medical scenarios and provide personalized medical training. Additionally, virtual reality software can be employed to educate patients, ultimately leading to improved patient outcomes. As a result, this software segment is expected to make a significant contribution to the growth of the virtual reality market in healthcare during the forecast period.

What are the Key Data Covered in the Virtual Reality Market Research Report in Healthcare?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the virtual reality market in healthcare between 2023 and 2027
• Precise estimation of the size of the virtual reality market size in healthcare and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of virtual reality market vendors in healthcare

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Table of Content

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global virtual reality market in healthcare sector 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global virtual reality market in healthcare sector 2017 – 2021 ($ million)

• 4.2 Component Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component – Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Software – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Software – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Software – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Software – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Software – Year-over-year growth 2022-2027 (%)

• 6.4 Services – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Services – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ million)
• Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 44: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Research and diagnostics – Market size and forecast 2022-2027 
• Exhibit 48: Chart on Research and diagnostics – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Research and diagnostics – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Research and diagnostics – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Research and diagnostics – Year-over-year growth 2022-2027 (%)

• 7.4 Hospitals and clinics – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Hospitals and clinics – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Hospitals and clinics – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Hospitals and clinics – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Hospitals and clinics – Year-over-year growth 2022-2027 (%)

• 7.5 Others – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user ($ million)
• Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Canada – Market size and forecast 2022-2027 
• Exhibit 103: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Alphabet Inc.
• Exhibit 115: Alphabet Inc. – Overview
• Exhibit 116: Alphabet Inc. – Business segments
• Exhibit 117: Alphabet Inc. – Key news
• Exhibit 118: Alphabet Inc. – Key offerings
• Exhibit 119: Alphabet Inc. – Segment focus

• 12.4 Augmedix Inc
• Exhibit 120: Augmedix Inc – Overview
• Exhibit 121: Augmedix Inc – Product / Service
• Exhibit 122: Augmedix Inc – Key offerings

• 12.5 CAE Inc.
• Exhibit 123: CAE Inc. – Overview
• Exhibit 124: CAE Inc. – Product / Service
• Exhibit 125: CAE Inc. – Key offerings

• 12.6 Dassault Systemes SE
• Exhibit 126: Dassault Systemes SE – Overview
• Exhibit 127: Dassault Systemes SE – Product / Service
• Exhibit 128: Dassault Systemes SE – Key news
• Exhibit 129: Dassault Systemes SE – Key offerings

• 12.7 Eon Reality Inc.
• Exhibit 130: Eon Reality Inc. – Overview
• Exhibit 131: Eon Reality Inc. – Product / Service
• Exhibit 132: Eon Reality Inc. – Key offerings

• 12.8 Firsthand Technology Inc. 
• Exhibit 133: Firsthand Technology Inc. – Overview
• Exhibit 134: Firsthand Technology Inc. – Product / Service
• Exhibit 135: Firsthand Technology Inc. – Key offerings

• 12.9 HTC Corp.
• Exhibit 136: HTC Corp. – Overview
• Exhibit 137: HTC Corp. – Product / Service
• Exhibit 138: HTC Corp. – Key offerings

• 12.10 Koninklijke Philips NV 
• Exhibit 139: Koninklijke Philips NV – Overview
• Exhibit 140: Koninklijke Philips NV – Business segments
• Exhibit 141: Koninklijke Philips NV – Key news
• Exhibit 142: Koninklijke Philips NV – Key offerings
• Exhibit 143: Koninklijke Philips NV – Segment focus

• 12.11 Medical Realities Ltd. 
• Exhibit 144: Medical Realities Ltd. – Overview
• Exhibit 145: Medical Realities Ltd. – Product / Service
• Exhibit 146: Medical Realities Ltd. – Key offerings

• 12.12 Meta Platforms Inc.
• Exhibit 147: Meta Platforms Inc. – Overview
• Exhibit 148: Meta Platforms Inc. – Business segments
• Exhibit 149: Meta Platforms Inc. – Key offerings
• Exhibit 150: Meta Platforms Inc. – Segment focus

• 12.13 Psico Smart Apps SL
• Exhibit 151: Psico Smart Apps SL – Overview
• Exhibit 152: Psico Smart Apps SL – Product / Service
• Exhibit 153: Psico Smart Apps SL – Key offerings

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 154: Samsung Electronics Co. Ltd. – Overview
• Exhibit 155: Samsung Electronics Co. Ltd. – Business segments
• Exhibit 156: Samsung Electronics Co. Ltd. – Key news
• Exhibit 157: Samsung Electronics Co. Ltd. – Key offerings
• Exhibit 158: Samsung Electronics Co. Ltd. – Segment focus

• 12.15 Sony Group Corp.
• Exhibit 159: Sony Group Corp. – Overview
• Exhibit 160: Sony Group Corp. – Business segments
• Exhibit 161: Sony Group Corp. – Key news
• Exhibit 162: Sony Group Corp. – Key offerings
• Exhibit 163: Sony Group Corp. – Segment focus

• 12.16 Teladoc Health Inc.
• Exhibit 164: Teladoc Health Inc. – Overview
• Exhibit 165: Teladoc Health Inc. – Product / Service
• Exhibit 166: Teladoc Health Inc. – Key offerings

• 12.17 XRHealth USA Inc.
• Exhibit 167: XRHealth USA Inc. – Overview
• Exhibit 168: XRHealth USA Inc. – Product / Service
• Exhibit 169: XRHealth USA Inc. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations
• Exhibit 176: List of abbreviations

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