Healthcare VR market reach approximately $2.2 billion by 2024 at an average CAGR of 30%.


Posted December 29, 2021 by insightsanddata

VIRTUAL REALITY IS TRANSFORMING HEALTHCARE INDUSTRY FOR THE BETTER
 
Whenever you hear the word "virtual reality," the first reaction is we would be talking about gaming or the fashion/ retail sector. Honestly, you are only half right. Virtual reality solutions have an impactful role in the healthcare sector as well. Quite evidently, it's slowly and steadily becoming an indispensable tool to create tailored service offerings for healthcare professionals and patients alike.

In the past year alone, the global healthcare VR market skyrocketed to around $336 million, and it's expected to reach approximately $2.2 billion by 2024 at an average CAGR of 30%. If you go by the report by a leading company, more than 80% of healthcare professionals agree that VR creates a more convenient way of accessing and learning information for various tasks.

Further, more than 60% of patients are ready to welcome virtual reality healthcare services to replace traditional healthcare practices. Many believe that the following are some of the critical drivers of the growing VR adoption in healthcare:

The rising demand for quality healthcare services.
The need to reduce healthcare costs.
The rise in the demand for connected devices in the healthcare industry.
Are you still wondering how virtual reality can transform the healthcare industry for the better? This article will discuss the potential applications of virtual reality in healthcare.

Virtual Reality in Healthcare Industry- Unleashing The Diverse Applications

VR is on the upswing. The recent advancement and government initiatives propel technology adoption in the healthcare sector. Many surveys confirm that it will drive around $40 billion in revenue by 2026. Here is a snapshot of how companies are helping healthcare professionals and patients using virtual reality applications and services.

Read More :- https://www.pukkapartners.com/insight/virtual-reality-is-transforming-healthcare-industry-for-the-better

Final Takeaways: VR is Just Getting Started

VR is quite a helpful tool to educate patients and professionals. It could be beneficial in preventing disease or disease management as well. In fact, in 2017, Cedars-Sinai collaborated with a church in LA to launch a preventive healthcare program. Also, it could have a role to play in relieving stress, combating anxiety, and achieving a more peaceful mental state. Clearly, it is an advanced technology. With the release of powerful headsets and innovative software, one can expect that it will soon become a norm in the healthcare industry.

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Issued By Abhay singh
Country United States
Categories Business
Last Updated December 29, 2021