The global healthcare extended reality market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.0 Billion by 2032, exhibiting a growth rate (CAGR) of 29.02% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Healthcare Extended
Reality Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2024-2032," the global healthcare extended reality market size
reached US$ 6.0 Billion in 2023.
Healthcare extended reality (XR) is an innovative technological application that
integrates virtual reality (VR), augmented reality (AR), and mixed reality (MR)
to transform the healthcare industry. It offers immersive, interactive, and
simulated experiences that enhance medical training, patient care, and
research. Healthcare XR is designed to improve clinical outcomes, streamline
medical procedures, and provide healthcare professionals with valuable tools
for diagnostics and treatment planning.
It can bridge the gap between theoretical knowledge and real-world medical
scenarios, enabling medical practitioners to gain practical expertise and refine
their skills in a safe and controlled environment. By leveraging cutting-edge
visualizations and interactive simulations, healthcare XR is revolutionizing
medical education, patient engagement, and treatment methodologies,
positioning itself as a transformative force within the healthcare industry
across the globe.
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4. Report Description
Global Healthcare Extended Reality Market Trends:
The growing demand for advanced medical training solutions in the healthcare sector is one of the major factors driving
the market growth. Additionally, the increasing popularity of healthcare XR due to its immersive simulation environments
that allow medical students, residents, and even experienced practitioners to practice surgical procedures, diagnostic
techniques, and emergency responses, is creating a positive outlook for the market. Moreover, the widespread utilization
of healthcare XR in patient care enabling medical practitioners to visualize and interact with patient data in three-
dimensional (3D) formats is positively impacting the market growth. Moreover, the rising popularity of XR-based patient
education tools that empower individuals to understand their diagnoses and treatment plans more effectively, is
strengthening the market growth. In addition to this, the widespread product application in pain management and mental
health therapies, offering distraction techniques and therapeutic interventions, is propelling the market growth.
Furthermore, the integration of XR technolog ies in medical research and data visualization to help researchers identif y
patterns, correlations, and anomalies more efficiently, leading to faster insights and breakthroughs, is providing a thrust
to the market growth. In line with this, the growing popularity of healthcare XR to enable multidisciplinary collaboration,
as researchers and clinicians interact and share data in real time, irrespective of geographical distances paving the way
for accelerated medical advancements and more personalized treatment approaches, is providing remunerative growth
opportunities f or the market.
Looking forward, the market value is projected to reach US$ 62.0 Billion by 2032, expanding at a CAGR of
29.02% during 2024-2032.
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5. Report
Segmentation
Breakup by Component:
• Hardware
• Software
• Services
Breakup by Technology:
• Augmented Reality
• Virtual Reality
• Mixed Reality
Breakup by Application:
• Surgery
• Therapy
• Education and Training
• Rehabilitation
• Pain Management
• Others
6. Report
Segmentation
Breakup by End User:
• Hospitals, Clinics and Surgical Centers
• Pharma Companies
• Research Organization and Diagnostics
Laboratories
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• AppliedVR
• BioflightVR
• CareAR (Xerox Holdings Corporation)
• FundamentalVR
• Fusion VR
• GigXR
• Medicalholodeck AG
• Microsoft Corporation
• Osso VR Inc.
• PrecisionOS
• SphereGen Technologies LLC
• Surgical Theater Inc.
• XRHealth
8. Key Questions
Answered in
the Report
What was the size of the global healthcare extended reality market
in 2023?
What is the expected growth rate of the global healthcare extended
reality market during 2024-2032?
What are the key factors driving the global healthcare extended
reality market?
What has been the impact of COVID-19 on the global healthcare
extended reality market?
What is the breakup of the global healthcare extended reality
market based on the technology?
What is the breakup of the global healthcare extended reality
market based on the end user?
What are the key regions in the global healthcare extended reality
market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Healthcare Extended Reality Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Software
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Services
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Technology
10. Table of
Contents
7.1 Augmented Reality
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Virtual Reality
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Mixed Reality
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Application
8.1 Surgery
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Therapy
8.2.1 Market Trends
8.2.2 Mark et Forecast
8.3 Education and Training
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Rehabilitation
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Pain Management
8.5.1 Market Trends
8.5.2 Mark et Forecast
8.6 Others
8.6.1 Mark et Trends
8.6.2 Mark et Forecast
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