Virtual Reality (VR) In Medical Simulation Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
Get 15% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.
How has the virtual reality (vr) in medical simulation market grown in recent years?
In recent times, we’ve seen a significant expansion in the market size of virtual reality (VR) in medical simulation. It’s projected to rise from $4.7 billion in 2024 to $6.32 billion in 2025, experiencing a compound annual growth rate (CAGR) of 34.6%. This enlargement in the historic period is due to the escalating utilization of virtual reality in patient care, high demand for improved training, worries regarding patient safety, burgeoning healthcare expenses, and the enforcement of regulatory compliance standards.
How is the virtual reality (vr) in medical simulation market size expected to evolve during the forecast period?
Anticipated to witness dramatic expansion in the forthcoming years, the market size for virtual reality (VR) in medical simulations is projected to escalate to $20.58 billion by 2029, with a compound annual growth rate (CAGR) of 34.3%. This prospective surge within the forecasting period can be credited to advancements in integrating AI, an amplified focus on remote training solutions, the broadening scope of telemedicine, a rising preference for personalized learning experiences, and regulatory backings for innovative modes of training. Key trends within the anticipated period include AI incorporation for progressive learning, the surfacing of social VR platforms for cooperative training, using VR for mental health therapies, the advent of mobile VR solutions for easy access, and the creation of VR simulations to address healthcare disparities worldwide.
Get your virtual reality (vr) in medical simulation market report here!
Which key drivers are propelling the virtual reality (vr) in medical simulation market’s growth?
The escalation in the number of surgical procedures is projected to fuel the expansion of virtual reality (VR) in the medical simulation market. Defined as medical practices performed by surgeons to diagnose, cure, or prevent diseases or injuries, surgeries often require incisions into the body to reach internal organs or tissues. They are on an upward trend due to enhancements in medical technology and methods, resulting in improved accessibility and an expanded range of cases for surgical intervention. VR plays an essential role in medical simulations, assisting in surgeries through realistic training environments that effectively encapsulate intricate surgical scenarios and anatomical structures. For example, data from the International Society of Aesthetic Plastic Surgery, a US-based organization, indicated that in 2022, over 14.9 million surgical and 18.8 million non-surgical procedures were executed globally, marking an overall growth of 11.2%. Consequently, the surge in the number of surgeries is spurring the progression of virtual reality (VR) in the medical simulation market.
What are the market segments in the virtual reality (vr) in medical simulation industry?
The virtual reality (VR) in medical simulation market covered in this report is segmented –
1) By Age Group: Adult, Children, Infant
2) By Application: Medical Education, Virtual Reality In Diagnostics, Pain Management, Mental Illness Treatment, Physical Fitness And Therapy, Virtual Reality In Surgery, Human Simulation Techniques, Virtual Reality In Dentistry, Virtual Reality In Nursing, Other Applications
3) By End-User: Hospitals, Physician Clinics, Ambulatory Surgical Centers, Medical Institutes, Research Laboratory, Pharmaceutical Industry, Other End-Users
Subsegments:
1) By Adult: Vr Medical Simulations For Surgical Training, Vr Simulations For Clinical Diagnosis And Procedures, Vr For Pain Management And Physical Rehabilitation, Vr For Emergency And Trauma Care Training, Vr For Mental Health Therapy (Anxiety, Ptsd)
2) By Children: Pediatric Vr Simulations For Medical Procedures, Vr For Pediatric Pain Management And Relaxation, Vr For Children’s Health Education (Explaining Procedures), Vr For Pediatric Physical Therapy And Rehabilitation, Vr For Cognitive And Emotional Development
3) By Infant: Neonatal Vr Simulations For Caregivers And Healthcare Providers, Vr For Infant Care Training (Resuscitation Techniques), Vr For Monitoring Infant Vital Signs And Development, Vr For Early Developmental Therapy (Sensory Stimulation)
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16211&type=smp
What are the top market players propelling the growth of the virtual reality (vr) in medical simulation industry?
Major companies operating in the virtual reality (VR) in medical simulation market are Qualcomm Technologies Inc., Siemens Healthineers AG, CAE Healthcare Inc., Brainlab AG, Surgical Science Sweden AB, Vention Inc., Osso VR Inc., Mentice AB, Augmedics, Virtalis Holdings Ltd., VirtaMed AG, Oxford Medical Simulation Ltd., AccuVein Inc., Health Scholars Inc., AppliedVR Inc., Medisim Ltd., Fundamental Surgery, ImmersiveTouch Inc., Ghost Productions Inc., SimforHealth, SimX, PrecisionOS Technologies Inc., Body Interact
What are the key trends shaping the future of the virtual reality (vr) in medical simulation market?
Key businesses in the medical simulation market for virtual reality (VR) are concentrating their efforts on creating sophisticated automated VR simulation laboratories. These facilities are designed to enhance precision, sensitivity, and efficiency in molecular diagnostics by using cutting-edge virtual reality technology and automatic systems to mimic surgical environments and situations, thereby providing realistic training simulations for medical practitioners. For example, in May 2022, MediSim VR, a company from India that concentrates on virtual reality healthcare solutions, initiated an automated VR simulation lab. This lab, the first of its kind, is based at Puducherry Institute of Medical Sciences (PIMS) and is designed to drastically transform conventional training methodologies. The institution also uses AI-enabled tools to evaluate competency and boost student performance. MediSim VR effectively combines the virtues of virtual reality (VR) and simulation technology to offer an immersive learning experience.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16211
What regions are contributing significantly to the growth of the virtual reality (vr) in medical simulation market?
North America was the largest region in the virtual reality (VR) in medical simulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual reality (VR) in medical simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Virtual Reality Software Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/virtual-reality-software-global-market-report
Virtual Reality Services Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/virtual-reality-services-global-market-report
Virtual Reality Devices Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/virtual-reality-devices-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
