The South Korea VR in healthcare market is estimated to grow at a CAGR of 31.34% during the forecasting years, reaching a revenue share of $43.01 million by 2028. The base year considered for the market studied is 2021, and the forecasted period is from 2022 to 2028.

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The increasing technological innovations and developments, in addition to the presence of well-established companies, are set to play a pivotal role in augmenting the market growth of the country.

Virtual reality (VR) utilizes computer technology to generate a simulated setting. Contrasting traditional user interfaces, virtual reality places the user inside an experience. As a result, users are immersed and can interact with 3D worlds instead of viewing a screen in front of them. Moreover, the technology simulates as many senses as possible, including vision, hearing, smell, and even touch.

South Korea is a pioneer in the avenue of technological innovations and advancements. However, the country is yet to witness prominent developments, such as those in Japan, thus opening South Korea to numerous expansion prospects. Moreover, several companies have their presence in the country, including Microsoft Corporation, Acer Inc, and Seiko Epson Corporation, among others.

On the other hand, a start-up based in South Korea raised nearly $4.2 million in order to develop as well as test its software treatments for neurological conditions following the launch of the first digital therapeutics clinical trial in the nation. Seoul-based Nunaps also plans to develop its platform while assessing Nunap Vision, its first product. It offers perception training through the use of a virtual reality headset. This would help treat visual field defects caused by brain damage, such as from strokes. Therefore, these factors are expected to augment the South Korea VR in healthcare market growth over the estimated period.

The South Korea VR in healthcare market is segmented into end-user, application, product type, component, and technology. The component category is further segmented into hardware and software. The growth of the hardware segment is predominantly fueled by the increasing number of VR-based hardware for rehabilitation and surgeries. These include head-mounted displays, sensors, motion sensors, and input devices. In this regard, Precision VR by surgical theater is a medical visualization platform. It delivers patient-specific VR reconstructions directly to the patient and helps educate them about their medical condition as well as upcoming procedures.

Conversely, specific software and programs develop VR and AR-based applications. As VR is a full-3D condition developed through the combination of software and programming components, it enables users to transition completely to the virtual world.

Prominent firms operating in the South Korea VR in healthcare market are Alphabet Inc (Google), Nunaps, Microsoft Corporation, Samsung, etc.

Sony Corporation, headquartered in Japan, is a designer, manufacturer, developer, and marketer of audio, imaging, video, game, information technology, and communications products. Catering to the industrial, consumer, and professional industries, the group operates in the entertainment, financial services, and electronics sectors. It also provides a wide range of products, such as mobile phones, accessories, tablets, applications, and portable game consoles.

The company’s NUCLeUS digital integrated OR solution, coupled with VR, is utilized to provide medical students with an immersive first-hand perspective of procedures without being present in the operating room.

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