Global Virtual Reality (VR) in Healthcare Market is valued at approximately USD 757.9 million in 2022 and is anticipated to grow with a healthy growth rate of more than 33.18% over the forecast period 2023-2030. Virtual Reality (VR) in healthcare market refers to the application of immersive virtual reality technology in the healthcare industry, enabling healthcare professionals to simulate real-life scenarios and provide patients with interactive and engaging experiences for various medical purposes, including training, therapy, and rehabilitation. Virtual Reality (VR) in Healthcare Market is being driven by factors such as the rise in incidences of neurological disorders and the increase in the number of fund-raising activities.

Healthcare providers are leveraging the potential of virtual reality (VR) to enhance their patients' treatment experience and capabilities. By integrating VR into medical practices, professionals can efficiently detect and diagnose health issues. One notable application is the use of VR technology to assist patients with claustrophobia during MRI scans, providing them with a more comfortable and stress-free experience. For instance, vivid vision, a vision care provider based in San Francisco, treats medical conditions such as lazy eye with the support of virtual reality. Similarly medical, professionals are implementing virtual reality solutions for treating military veterans suffering from PTSD. According to a report by Invest India, the health sector in the country attracted a remarkable increase of USD 370 billion in investment in 2022. Similarly, In March 2021, Los Angeles-based company Applied VR secured a funding of USD 29 million for the development of a digital therapy solution utilizing virtual reality (VR) technology. Thus, the increasing investment and adoption of VR applications in healthcare are some factors expected to fuel the growth of the market. In addition, the rise in the use of VR in dentistry and cancer therapies and telemedicine and remote healthcare create lucrative opportunities for the market. However, the data privacy concerns of the users may hinder the growth of the market throughout the forecast period of 2023-2030.

The key regions considered for the Global Virtual Reality (VR) in Healthcare Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in private and government funding toward developing these technologies in the healthcare sector. North America also considers the fastest growing region during the forecasted period due to the availability of advanced healthcare infrastructure and increasing investment in healthcare, coupled with a focus on technological innovations, drives the demand for VR solutions in the healthcare sector.

Major market player included in this report are:
Microsoft Corporation
Alphabet Inc. (Google)
General Electric Company
Koninklijke Philips N.V. (Philips)
Syncthink Inc.
Firsthand Technology Inc.
AppliedVR, Inc.
EchoPixel Inc.
DAQRI
Orca Health, Inc.
Recent Developments in the Market:
In February 2022, XRHealth announced a funding of USD 10 million for expanding its virtual healthcare treatment in metaverse.
November 2022, GE Healthcare collaborated with mediview XR,Inc. for integrating medical imaging into mixed reality technology through the development of omnify XRTM interventional suite system.
Global Virtual Reality (VR) in Healthcare Market Report Scope:
Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology, Product, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Head-Mounted Technology
Gesture-Tracking Technology
Projector & Display Walls Technology
By Product:
VR Semiconductor Components
VR Devices
VR Sensors
Others
By End User:
Hospitals and Clinics
Research Laboratories
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa