Rise in Pioneering Applications in Medical Training and Education Drives the Industry Growth

Published: Feb 2024

The global healthcare extended reality market is anticipated to grow at a considerable CAGR of 16.2% during the forecast period (2024-2031). Immersive technologies have gained a lot of traction in recent years, due to rapid technological advancements. Inadequate practical experience combined with academic knowledge is a common feature of traditional medical training programs, leaving gaps in the skill set of healthcare professionals. Extended reality offers an alternative by creating realistic, immersive scenarios that allow medical professionals to practice without putting actual patients in danger. The use of this in emergency response, diagnosis, and surgical training is crucial. In healthcare, practitioners are exploring exciting ways that VR can assist patients and doctors to achieve better treatments and outcomes, including in surgery, pain management, physical and cognitive rehabilitation, mental health, and more. 

Browse the full report description of “Healthcare Extended Reality Market Size, Share & Trends Analysis Report by Component (Software & Services and Hardware), by Technology (Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR)), and by Application (Medical Training and Education, Surgical Planning, Rehabilitation & Therapy, and Patient Care & Monitoring), and by End-User (Hospitals, Clinics & Surgical Centers, Pharmaceutical & Biotechnology Companies, Research Organization & Diagnostics Laboratories, and Government & Defense Institutions) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/healthcare-extended-reality-market

For instance, in June 2023, Osso VR announced the launch of Osso Academy, a comprehensive virtual reality (VR) training program tailored for academic medical centers and residency programs. Developed in collaboration with world-renowned surgeons and medical educators, Osso Academy offers a curated curriculum built on leading-edge simulation technology to provide hands-on training and assessment on demand. Osso Academy contains a growing curriculum of orthopedic training procedures, with each module facilitating dynamic, interaction-based learning and providing a safe environment for repeatable practice that supercharges the learning journey. Furthermore, in January 2022, Local startup Looxid Labs developed Lucy, a medical assessment and training system that uses AI and VR technologies to detect early signs of cognitive impairment, such as dementia and Alzheimer’s disease. The company has been operating a mobile diagnostic center called Lucy Bus that can visit the elderly to test their cognitive abilities. Using a VR sensory headset to play immersive cognitive games, attention level, and spatial perception by reviewing their behavior, the headset can measure their working memory and neurophysiological responses such as brain waves.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Component

o By Technology

o By Application

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Sony Corp., Microsoft Corp., Magic Leap, HTC Corporation, Qualcomm and others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Healthcare Extended Reality Market Report Segment

By Component

  • Software and Services
  • Hardware

By Technology

  • Augmented Reality (AR)
  • Virtual Reality (VR)
  • Mixed Reality (MR)

By Application

  • Medical Training and Education 
  • Surgical Planning 
  • Rehabilitation and Therapy 
  • Patient Care and Monitoring

By End User

  • Hospitals, Clinics, and Surgical Centers
  • Pharmaceutical and Biotechnology Companies
  • Research Organization and Diagnostics Laboratories
  • Government and Defense Institutions

Global Healthcare Extended Reality Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/healthcare-extended-reality-market