Global Virtual Reality Neuropsychological Therapy Market Size Study, by Technology, by Offering, by End User and Regional Forecasts 2022-2032

Description

Global Virtual Reality Neuropsychological Therapy Market was valued at approximately USD 598.76 million in 2023 and is anticipated to grow at a remarkable CAGR of 30.42% during the forecast period from 2024 to 2032. Virtual Reality Neuropsychological Therapy integrates cutting-edge virtual reality technology with neuropsychological approaches to diagnose, treat, and rehabilitate neurological and psychological disorders. This pioneering method has shown tremendous potential in enhancing therapeutic outcomes for a wide array of conditions, including anxiety disorders, PTSD, cognitive impairments, and stroke recovery. By immersing patients in controlled, realistic virtual environments, this therapy offers more engaging and effective treatment options compared to traditional methods.

The Global Virtual Reality Neuropsychological Therapy Market expansion is fueled by escalating demand for non-invasive treatment methodologies, rapid technological advancements in VR, and a growing societal focus on mental health issues. With the healthcare sector increasingly recognizing the advantages of VR-based treatments, the adoption of such therapies is expected to surge. Moreover, the market presents significant opportunities through the expanding applications of VR therapy, the integration of artificial intelligence for personalized treatments, and rising investments in healthcare technology aimed at improving access and efficacy. However, the market faces certain challenges, such as the high costs associated with VR systems, a lack of standardized treatment protocols, and ongoing concerns regarding data privacy and security.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America currently dominates the Virtual Reality Neuropsychological Therapy market, a dominance attributed to the region's advanced healthcare infrastructure, substantial investments in medical technology, and the high adoption rates of innovative therapeutic tools. Europe follows closely, supported by proactive government initiatives and heightened public awareness regarding mental health. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth, driven by increasing healthcare expenditures, a rising prevalence of neurological disorders, and rapid technological advancements in countries such as China and Japan. Additionally, the expanding middle class and improved healthcare access in the region are further propelling market growth.

Major market players included in this report are:

General Electric
Virtual Realities LLC
Qualcomm Technologies Inc.
Samsung
Vuzix
Mimic Technologies Inc.
Brainlab AG
Firsthand
ImmersiveTouch, Inc.
Koninklijke Philips N.V.
Medical Realities Ltd.
Psico Smart Apps, S.L.

The detailed segments and sub-segment of the market are explained below:

By Technology:

Full Immersive VR
Semi-Immersive VR
Non-Immersive VR

By Offering:

Hardware Devices
Software
Services

By End User:

Hospitals
Clinics
Surgical Centers
Diagnostic Laboratories
Healthcare Institutes
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Virtual Reality Neuropsychological Therapy Market Executive Summary

1.1. Global Virtual Reality Neuropsychological Therapy Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By Offering
- 1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Virtual Reality Neuropsychological Therapy Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Virtual Reality Neuropsychological Therapy Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising demand for non-invasive treatment methods
- 3.1.2. Technological advancements in VR
- 3.1.3. Growing awareness of mental health issues
3.2. Market Challenges
- 3.2.1. High cost of VR systems
- 3.2.2. Lack of standardized protocols
- 3.2.3. Concerns over data privacy
3.3. Market Opportunities
- 3.3.1. Expanding applications of VR therapy
- 3.3.2. Integration of AI for personalized treatments
- 3.3.3. Increasing investment in healthcare technology

Chapter 4. Global Virtual Reality Neuropsychological Therapy Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Virtual Reality Neuropsychological Therapy Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Virtual Reality Neuropsychological Therapy Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Full Immersive VR
- 5.2.2. Semi-Immersive VR
- 5.2.3. Non-Immersive VR

Chapter 6. Global Virtual Reality Neuropsychological Therapy Market Size & Forecasts by Offering 2022-2032

6.1. Segment Dashboard
6.2. Global Virtual Reality Neuropsychological Therapy Market: Offering Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Hardware Devices
- 6.2.2. Software
- 6.2.3. Services

Chapter 7. Global Virtual Reality Neuropsychological Therapy Market Size & Forecasts by End User 2022-2032

7.1. Segment Dashboard
7.2. Global Virtual Reality Neuropsychological Therapy Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Hospitals
- 7.2.2. Clinics
- 7.2.3. Surgical Centers
- 7.2.4. Diagnostic Laboratories
- 7.2.5. Healthcare Institutes
- 7.2.6. Others

Chapter 8. Global Virtual Reality Neuropsychological Therapy Market Size & Forecasts by Region 2022-2032

8.1. North America Virtual Reality Neuropsychological Therapy Market
- 8.1.1. U.S. Virtual Reality Neuropsychological Therapy Market
  - 8.1.1.1. Technology breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Offering breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Virtual Reality Neuropsychological Therapy Market
  - 8.1.2.1. Technology breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Offering breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End User breakdown size & forecasts, 2022-2032
8.2. Europe Virtual Reality Neuropsychological Therapy Market
- 8.2.1. U.K. Virtual Reality Neuropsychological Therapy Market
- 8.2.2. Germany Virtual Reality Neuropsychological Therapy Market
- 8.2.3. France Virtual Reality Neuropsychological Therapy Market
- 8.2.4. Spain Virtual Reality Neuropsychological Therapy Market
- 8.2.5. Italy Virtual Reality Neuropsychological Therapy Market
- 8.2.6. Rest of Europe Virtual Reality Neuropsychological Therapy Market
8.3. Asia-Pacific Virtual Reality Neuropsychological Therapy Market
- 8.3.1. China Virtual Reality Neuropsychological Therapy Market
- 8.3.2. India Virtual Reality Neuropsychological Therapy Market
- 8.3.3. Japan Virtual Reality Neuropsychological Therapy Market
- 8.3.4. Australia Virtual Reality Neuropsychological Therapy Market
- 8.3.5. South Korea Virtual Reality Neuropsychological Therapy Market
- 8.3.6. Rest of Asia Pacific Virtual Reality Neuropsychological Therapy Market
8.4. Latin America Virtual Reality Neuropsychological Therapy Market
- 8.4.1. Brazil Virtual Reality Neuropsychological Therapy Market
- 8.4.2. Mexico Virtual Reality Neuropsychological Therapy Market
- 8.4.3. Rest of Latin America Virtual Reality Neuropsychological Therapy Market
8.5. Middle East & Africa Virtual Reality Neuropsychological Therapy Market
- 8.5.1. Saudi Arabia Virtual Reality Neuropsychological Therapy Market
- 8.5.2. South Africa Virtual Reality Neuropsychological Therapy Market
- 8.5.3. Rest of Middle East & Africa Virtual Reality Neuropsychological Therapy Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. General Electric
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Virtual Realities LLC
- 9.3.3. Qualcomm Technologies Inc.
- 9.3.4. Samsung
- 9.3.5. Vuzix
- 9.3.6. Mimic Technologies Inc.
- 9.3.7. Brainlab AG
- 9.3.8. Firsthand
- 9.3.9. ImmersiveTouch, Inc.
- 9.3.10. Koninklijke Philips N.V.
- 9.3.11. Medical Realities Ltd.
- 9.3.12. Psico Smart Apps, S.L.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes