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Metaverse in Medical Training Global Market Report 2024

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    Report

  • 175 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5972782
The metaverse in medical training market size has grown exponentially in recent years. It will grow from $2.76 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 27.6%. The expansion observed in the previous period can be attributed to several factors. These include the rising demand for remote and decentralized medical education, cost-saving initiatives, the customization of learning experiences, the facilitation of global collaboration among medical practitioners, and the imposition of regulatory standards for medical training and certification.

The metaverse in medical training market size is expected to see exponential growth in the next few years. It will grow to $9.44 billion in 2028 at a compound annual growth rate (CAGR) of 28%. The anticipated growth in the upcoming period is expected to be driven by several factors. These include an increasing demand for specialized training, the necessity for continuous medical education and skill enhancement, the proliferation of metaverse platforms designed specifically for medical instruction, a heightened focus on patient safety, and the surge in virtual simulation-based medical education programs. Key trends predicted for the forecast period encompass the creation of tailored learning environments, the advancement of highly lifelike virtual simulations, the integration of gamification elements, the introduction of multi-sensory experiences, and the deployment of AI-driven systems.

The anticipated growth of the metaverse within the medical training market is propelled by the increasing adoption of extended reality (XR) technology. XR encompasses a range of technologies, including augmented reality (AR), mixed reality (MR), and virtual reality (VR), that seamlessly integrate digital elements into the physical environment, altering reality itself. This surge in XR adoption is driven by its transformative potential in enhancing remote collaboration and training experiences. By enabling users to interact with intricate medical information and objects in immersive virtual environments, XR technology overcomes the constraints of real-world resources and vision for medical training purposes. For instance, data from the Department for Business and Trade in January 2022 indicates that spending on AR and VR in the UK is expected to grow by 78.3% by 2024, reaching a total expenditure of $79.22 billion (£62.5 billion) by 2030, underscoring the accelerating adoption of extended reality technology and its pivotal role in driving the metaverse's expansion in the medical training sector.

Prominent players in the medical training metaverse domain are concentrating on pioneering innovative solutions, such as virtual reality metaverse training for nurses, to secure a competitive advantage. This approach immerses nurses in lifelike scenarios, augmenting clinical skills and decision-making capabilities within dynamic, interactive environments, thereby revolutionizing healthcare education. For example, Stamford Health Inc., a US-based medical group, unveiled a virtual reality (VR) training program for nurses in February 2023, developed in collaboration with Oxford Medical Simulation, a leading VR platform for healthcare professionals. Leveraging the Metaverse and the Meta Quest 2 VR headset, this program enables nurses to refine their skills by engaging with virtual patients presenting simulated medical conditions. The VR platform tracks nurses' clinical proficiency, tailoring personalized training regimens to address specific learning objectives and foster their professional growth.

In October 2021, Labster, a Denmark-based e-learning company, finalized the acquisition of UbiSim Inc., a Canada-based software firm specializing in virtual training and simulation solutions for nursing education. This strategic move is poised to significantly broaden Labster's nursing education portfolio, further advancing its mission to democratize access to high-quality science education. UbiSim Inc.'s expertise and solutions are expected to complement Labster's offerings, reinforcing its commitment to delivering innovative and effective educational experiences within the evolving landscape of medical training.

Major companies operating in the metaverse in medical training market are Microsoft Corporation, NVIDIA Corporation, Siemens Healthineers AG, GE HealthCare Technologies Inc., CAE Inc., 3D Systems Corporation, Brainlab AG, Surgical Science Sweden AB, EON Reality Inc., CMR Surgical Ltd, Novarad Corporation, XRHealth USA Inc., VirtaMed AG, Level Ex Inc., FundamentalVR plc, WorldViz Inc., Medical Realities Ltd., ImmersiveTouch Inc., BioflightVR, Devden Creative Solutions Pvt. Ltd., 8Chili Inc., PrecisionOS Technologies Inc., SimX Inc., Osso VR Inc., Arch Virtual.

North America was the largest region in the metaverse in medical training market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metaverse in medical training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the metaverse in medical training market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Metaverse in medical training, denotes the fusion of virtual and augmented reality tools into teaching methodologies within the healthcare sector. This integration facilitates immersive learning experiences, enabling trainees to partake in simulated medical scenarios and procedures within a virtual setting. Such pioneering methods bolster training effectiveness by offering lifelike and interactive simulations, thereby honing students' clinical competencies and decision-making prowess.

The core elements of the metaverse in medical education encompass both software and hardware components. Software encompasses the array of instructions, data, or computer programs utilized to operate machinery and execute specific functions. Key technologies leveraged include augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and mixed reality (MR). These technologies are applicable across diverse user domains, spanning medical schools, hospitals, pharmaceutical firms, and beyond.

The metaverse in medical training market research report is one of a series of new reports that provides metaverse in medical training market statistics, including metaverse in medical training industry global market size, regional shares, competitors with a metaverse in medical training market share, detailed metaverse in medical training market segments, market trends and opportunities, and any further data you may need to thrive in the metaverse in medical training industry. This metaverse in medical training market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metaverse in medical training market consists of revenues earned by entities by providing services such as virtual patient encounters, interactive anatomy lessons, and remote surgical training. The market value includes the value of related goods sold by the service provider or included within the service offering. The metaverse in medical training market also includes sales of simulation software, online learning platforms, and haptic feedback devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Metaverse in Medical Training Market Characteristics3. Metaverse in Medical Training Market Trends and Strategies
4. Metaverse in Medical Training Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Metaverse in Medical Training Market Size and Growth
5.1. Global Metaverse in Medical Training Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Metaverse in Medical Training Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Metaverse in Medical Training Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Metaverse in Medical Training Market Segmentation
6.1. Global Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Software
  • Hardware
6.2. Global Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Augmented Reality (AR)
  • Virtual Reality (VR)
  • Artificial Intelligence (AI)
  • Mixed Reality (MR)
6.3. Global Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Medical Schools and Universities
  • Hospitals and Healthcare Institutions
  • Pharmaceutical Companies
  • Other End Users
7. Metaverse in Medical Training Market Regional and Country Analysis
7.1. Global Metaverse in Medical Training Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Metaverse in Medical Training Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Metaverse in Medical Training Market
8.1. Asia-Pacific Metaverse in Medical Training Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Metaverse in Medical Training Market
9.1. China Metaverse in Medical Training Market Overview
9.2. China Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Metaverse in Medical Training Market
10.1. India Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Metaverse in Medical Training Market
11.1. Japan Metaverse in Medical Training Market Overview
11.2. Japan Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Metaverse in Medical Training Market
12.1. Australia Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Metaverse in Medical Training Market
13.1. Indonesia Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Metaverse in Medical Training Market
14.1. South Korea Metaverse in Medical Training Market Overview
14.2. South Korea Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Metaverse in Medical Training Market
15.1. Western Europe Metaverse in Medical Training Market Overview
15.2. Western Europe Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Metaverse in Medical Training Market
16.1. UK Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Metaverse in Medical Training Market
17.1. Germany Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Metaverse in Medical Training Market
18.1. France Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Metaverse in Medical Training Market
19.1. Italy Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Metaverse in Medical Training Market
20.1. Spain Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Metaverse in Medical Training Market
21.1. Eastern Europe Metaverse in Medical Training Market Overview
21.2. Eastern Europe Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Metaverse in Medical Training Market
22.1. Russia Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Metaverse in Medical Training Market
23.1. North America Metaverse in Medical Training Market Overview
23.2. North America Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Metaverse in Medical Training Market
24.1. USA Metaverse in Medical Training Market Overview
24.2. USA Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Metaverse in Medical Training Market
25.1. Canada Metaverse in Medical Training Market Overview
25.2. Canada Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Metaverse in Medical Training Market
26.1. South America Metaverse in Medical Training Market Overview
26.2. South America Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Metaverse in Medical Training Market
27.1. Brazil Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Metaverse in Medical Training Market
28.1. Middle East Metaverse in Medical Training Market Overview
28.2. Middle East Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Metaverse in Medical Training Market
29.1. Africa Metaverse in Medical Training Market Overview
29.2. Africa Metaverse in Medical Training Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Metaverse in Medical Training Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Metaverse in Medical Training Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Metaverse in Medical Training Market Competitive Landscape and Company Profiles
30.1. Metaverse in Medical Training Market Competitive Landscape
30.2. Metaverse in Medical Training Market Company Profiles
30.2.1. Microsoft Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. NVIDIA Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Siemens Healthineers AG
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. GE HealthCare Technologies Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. CAE Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Metaverse in Medical Training Market Other Major and Innovative Companies
31.1. 3D Systems Corporation
31.2. Brainlab AG
31.3. Surgical Science Sweden AB
31.4. EON Reality Inc.
31.5. CMR Surgical Ltd
31.6. Novarad Corporation
31.7. XRHealth USA Inc.
31.8. VirtaMed AG
31.9. Level Ex Inc.
31.10. FundamentalVR plc
31.11. WorldViz Inc.
31.12. Medical Realities Ltd.
31.13. ImmersiveTouch Inc.
31.14. BioflightVR
31.15. Devden Creative Solutions Pvt. Ltd.
32. Global Metaverse in Medical Training Market Competitive Benchmarking33. Global Metaverse in Medical Training Market Competitive Dashboard34. Key Mergers and Acquisitions in the Metaverse in Medical Training Market
35. Metaverse in Medical Training Market Future Outlook and Potential Analysis
35.1 Metaverse in Medical Training Market in 2028 - Countries Offering Most New Opportunities
35.2 Metaverse in Medical Training Market in 2028 - Segments Offering Most New Opportunities
35.3 Metaverse in Medical Training Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Metaverse In Medical Training Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on metaverse in medical training market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for metaverse in medical training ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The metaverse in medical training market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Component: Software; Hardware
2) By Technology: Augmented Reality (AR); Virtual Reality (VR); Artificial Intelligence (AI); Mixed Reality (MR)
3) By End User: Medical Schools And Universities; Hospitals And Healthcare Institutions; Pharmaceutical Companies; Other End Users.

Key Companies Mentioned: Microsoft Corporation; NVIDIA Corporation; Siemens Healthineers AG; GE HealthCare Technologies Inc. ; CAE Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Microsoft Corporation
  • NVIDIA Corporation
  • Siemens Healthineers AG
  • GE HealthCare Technologies Inc.
  • CAE Inc.
  • 3D Systems Corporation
  • Brainlab AG
  • Surgical Science Sweden AB
  • EON Reality Inc.
  • CMR Surgical Ltd
  • Novarad Corporation
  • XRHealth USA Inc.
  • VirtaMed AG
  • Level Ex Inc.
  • FundamentalVR plc
  • WorldViz Inc.
  • Medical Realities Ltd.
  • ImmersiveTouch Inc.
  • BioflightVR
  • Devden Creative Solutions Pvt. Ltd.
  • 8Chili Inc.
  • PrecisionOS Technologies Inc.
  • SimX Inc.
  • Osso VR Inc.
  • Arch Virtual

Methodology

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Table Information