The North America VR in healthcare market is predicted to grow with a CAGR of 29.89% during the forecasted period of 2022 to 2030, acquiring a revenue share of $1794.43 million by 2030.

NORTH AMERICA VR IN HEALTHCARE MARKET FORECAST 2022-2030

North America VR in Healthcare Market by End-user (Hospitals & Clinics, Research Laboratories, Others) Market by Application (Surgical Planning, Behavioral Neurology/rehabilitation, Pain Management, Other Applications) Market by Component (Hardware, Software) Market by Product Type (VR Semiconductor Components, VR Devices, VR Sensors, Others) Market by Technology (Head Mounted, Gesture Tracking, Projectors and Displays) by Geography

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The North America VR in healthcare market is predicted to grow with a CAGR of 29.89% during the forecasted period of 2022 to 2030, acquiring a revenue share of $1794.43 million by 2030.

The region’s market growth is facilitated by major developments in the United States, research activities linked with novel technologies, and the rising healthcare expenditure across the United States as well as Canada. However, the North America VR in healthcare market is likely to be negatively impacted by the shortage of skilled labor and privacy concerns.

North-America VR In Healthcare Market

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The North America VR in healthcare market growth assessment comprises the study of the United States and Canada. The United States has continued to be a leader in technological advancements globally. Similar to other technologies, including the Internet of Things and artificial intelligence, VR is expanding substantially in the United States. Moreover, under the hardware segment, a signification proportion of top companies, such as CAE Healthcare, Philips Healthcare, Google, and Microsoft, play an essential role in contributing to the country’s market.

On the other hand, non-United States-based firms like Alibaba and Mindmaze have setups in the country, either as a research and development (R&D) base or an assembling office. In order to compete in the market space, key companies are also attempting to launch innovative products for their portfolios.

Some of the most important factors fueling the VR in healthcare market in Canada entail the availability of funding, in addition to extensive medical research. Besides, the presence of key players in North America, coupled with the ideal economic situations for new industry contestants, is also vital for Canada’s market. Hence, these factors are set to proliferate the North America VR in healthcare market growth during the forecasting years.

The North America VR in healthcare market is segmented into end-user, application, product type, component, and technology. The end-user category is further classified into hospitals & clinics, research laboratories, and others. Hospitals and clinics across the world are incorporating virtual reality in order to enhance the patient experience as well as save surgery time through the analysis and scanning of 3D visuals using VR technology. In addition, the hospitals & clinics segment is anticipated to project high growth. This is mainly attributed to the increasing usage of virtual reality for surgeons for assistance during surgical procedures in hospitals worldwide.

The others segment comprises pharmaceutical companies and academic institutions. While virtual reality helps visualize the complete manufacturing process in pharmaceutical firms without actually performing the tasks, the technology can also help students visualize as well as present data for medical research findings in universities and academic institutions.

Some of the key companies operating in the North America VR in healthcare market are General Electric, Microsoft Corporation, Alphabet Inc (Google), etc.

General Electric, headquartered in the United States, provides industries with software-defined solutions and machines. The GE Additive functions as a division of General Electric, offering services and products for 3D printing and solutions. With a global presence, General Electric serves customers in nearly 180 countries.

The company’s Mural Virtual Care Solution for Labor and Delivery is a modular and customizable offering that enables clinicians to analyze the status of their maternal patients, track adherence to hospital-defined practices, such as hemorrhage, hypertension, and medication management, and utilize hospital-defined protocols for identifying patients at risk.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedEnd-User, Application, Product Type, Component, and Technology
Countries AnalyzedThe United States and Canada
Companies Analyzed

SyncThink Inc, Alphabet Inc (Google), Sony Corporation, AppliedVR Inc, Siemens AG, Firsthand Technology Inc, Orca Health, General Electric, Microsoft Corporation, Koninklijke Philips NV.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: VR (VIRTUAL REALITY) MARKET
      • KEY DRIVERS
        • INCREASING USE OF VR TECHNOLOGY FOR TRAINING PURPOSES
        • GROWTH IN THE NUMBER OF VR BASED START-UPS
        • INCREASING AGING POPULATION
        • IMPROVING SPENDING ON HEALTHCARE
        • UPGRADATION OF TECHNOLOGY IN HEALTHCARE
      • KEY RESTRAINTS
        • SHORTAGE OF SKILLED LABOR AND REQUIRED INFRASTRUCTURE
        • DATA SECURITY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON VR IN HEALTHCARE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
    2. MARKET BY END-USER
      • HOSPITALS & CLINICS
      • RESEARCH LABORATORIES
      • OTHERS
    3. MARKET BY APPLICATION
      • SURGICAL PLANNING
      • BEHAVIORAL NEUROLOGY/REHABILITATION
      • PAIN MANAGEMENT
      • OTHER APPLICATIONS
    4. MARKET BY COMPONENT
      • HARDWARE
      • SOFTWARE
    5. MARKET BY PRODUCT TYPE
      • VR SEMICONDUCTOR COMPONENTS
      • VR DEVICES
      • VR SENSORS
      • OTHERS
    6. MARKET BY TECHNOLOGY
      • HEAD MOUNTED
      • GESTURE TRACKING
      • PROJECTORS AND DISPLAYS
    7. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • ALPHABET INC (GOOGLE)
        • APPLIEDVR INC
        • FIRSTHAND TECHNOLOGY INC
        • GENERAL ELECTRIC
        • KONINKLIJKE PHILIPS NV
        • MICROSOFT CORPORATION
        • ORCA HEALTH
        • SIEMENS AG
        • SONY CORPORATION
        • SYNCTHINK INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VR IN HEALTHCARE MARKET

    TABLE 2: NORTH AMERICA VR IN HEALTHCARE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA VR IN HEALTHCARE MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA VR IN HEALTHCARE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA VR IN HEALTHCARE MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA VR IN HEALTHCARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA VR IN HEALTHCARE MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA VR IN HEALTHCARE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA VR IN HEALTHCARE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: NORTH AMERICA VR IN HEALTHCARE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: NORTH AMERICA VR IN HEALTHCARE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: NORTH AMERICA VR IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: NORTH AMERICA VR IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN NORTH AMERICA VR IN HEALTHCARE MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: NORTH AMERICA VR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 7: NORTH AMERICA VR IN HEALTHCARE MARKET, BY HOSPITALS & CLINICS, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA VR IN HEALTHCARE MARKET, BY RESEARCH LABORATORIES, 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA VR IN HEALTHCARE MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA VR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 11: NORTH AMERICA VR IN HEALTHCARE MARKET, BY SURGICAL PLANNING, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA VR IN HEALTHCARE MARKET, BY BEHAVIORAL NEUROLOGY/REHABILITATION, 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA VR IN HEALTHCARE MARKET, BY PAIN MANAGEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA VR IN HEALTHCARE MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA VR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 16: NORTH AMERICA VR IN HEALTHCARE MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA VR IN HEALTHCARE MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA VR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021

    FIGURE 19: NORTH AMERICA VR IN HEALTHCARE MARKET, BY VR SEMICONDUCTOR COMPONENTS, 2022-2030 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA VR IN HEALTHCARE MARKET, BY VR DEVICES, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA VR IN HEALTHCARE MARKET, BY VR SENSORS, 2022-2030 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA VR IN HEALTHCARE MARKET, BY OTHERS, 2022-2030 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA VR IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

    FIGURE 24: NORTH AMERICA VR IN HEALTHCARE MARKET, BY HEAD MOUNTED, 2022-2030 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA VR IN HEALTHCARE MARKET, BY GESTURE TRACKING, 2022-2030 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA VR IN HEALTHCARE MARKET, BY PROJECTORS AND DISPLAYS, 2022-2030 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA VR IN HEALTHCARE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 28: UNITED STATES VR IN HEALTHCARE MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: CANADA VR IN HEALTHCARE MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY END-USER
      • HOSPITALS & CLINICS
      • RESEARCH LABORATORIES
      • OTHERS
    2. MARKET BY APPLICATION
      • SURGICAL PLANNING
      • BEHAVIORAL NEUROLOGY/REHABILITATION
      • PAIN MANAGEMENT
      • OTHER APPLICATIONS
    3. MARKET BY COMPONENT
      • HARDWARE
      • SOFTWARE
    4. MARKET BY PRODUCT TYPE
      • VR SEMICONDUCTOR COMPONENTS
      • VR DEVICES
      • VR SENSORS
      • OTHERS
    5. MARKET BY TECHNOLOGY
      • HEAD MOUNTED
      • GESTURE TRACKING
      • PROJECTORS AND DISPLAYS

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