Infinium Global Research Global Virtual Reality in Healthcare Market | Page 9

Virtual Reality in Healthcare Market: Global Industry Analysis, Trends, Market Size and
Forecasts up to 2023
Executive Summary
Global Virtual Reality in Healthcare Market Highlights, (USD Million)
The global virtual reality in healthcare market is expected to grow at a CAGR of 54.5 % between 2017 and 2023 in
terms of value. Vast applications of virtual reality in health and healthcare are fueling the growth of virtual reality in
the healthcare market. Virtual reality is being used in medical training, the use of virtual reality allows the surgeons
or practitioners to have a closer look inside the body, so as to access & view areas that otherwise would be have been
impossible to reach. The use of VR allows medical students to view minute details of any part of the body and to
replicate common surgical procedures. Moreover, medical marketing is one of the most popular applications of virtual
reality, wherein VR is used to advertise the pharmaceutical company’s product and to deliver the experience of the
use of its drugs to the patients. Besides this, virtual reality has also found positive uses in pain management and
physical therapy. In addition, VR is used in robotic surgery that is controlled by a human surgeon that leads to fewer
risks of complications during surgery and a faster procedure. However, high cost associated with VR hardware and
devices and lack of skilled medical professionals are some of the factors that can hinder the market growth. Going
forward, several applications of VR in healthcare are still in the developing stage. However, it is believed that in coming
years, VR will be used more & more to improve the accuracy & effectiveness of current procedures and enhance the
capabilities of the medical practitioners which in turn, is anticipated to create the huge demand for virtua