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The virtual reality healthcare market set to reach $12.14 Billion by 2032: Report reveals

According to a recent report, the global virtual reality (VR) market in healthcare was valued at $2.82 billion in 2022 and is expected to reach $12.14 billion by 2032, with a CAGR of 17.6% during the forecast period. This growth is driven by demand for advanced healthcare facilities, VR’s ability to provide realistic and immersive training experiences for medical professionals, and patient engagement. VR technology is also gaining popularity for medical education and training as it offers a secure and regulated environment to learn and practice medical procedures and provides medical students with practical experience without the need for cadavers or real patients. VR is expected to be used increasingly in healthcare, and partnerships between tech companies and healthcare institutions will create innovative VR solutions for healthcare.

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