Global VR healthcare market to reach $12 billion by 2030
![Global VR healthcare market to reach $12 billion by 2030](https://cdn.asp.events/CLIENT_Dubai_Wo_4B15F265_5056_B739_54F3125D47F0BC95/sites/integrateME2023/media/libraries/news/vr-woman_yq0wv7_edjewn.jpg/fit-in/1200x9999/filters:no_upscale())
In the changed post COVID-19 business landscape, the global market for VR in healthcare estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$12bn by 2030, growing at aCAGR of 29.2% over the period 2022-2030.
Hardware, one of the segments analysed in the report, is projected to record 33.9% CAGR and reach US$7.2bn by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the software segment is readjusted to a revised 23.3% CAGR for the next 8-year period.
The VR in healthcare market in the U.S. is estimated at US$453.8m in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9bn by the year 2030 trailing a CAGR of 27.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.3% and 22.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
Source: Inavate