Virtual Reality

[Tan Kai Wen]

Virtual reality is no longer limited to just gamers. Many businesses include those in the healthcare, education and retail sectors, are already exploring ways to tap into its enormous potential. Health and well-being is one of the biggest growth areas, with the global VR and AR healthcare market expected to be worth USD 4.9 billion in 2023 – up from USD 504 million in 2016. In this field, it's used for everything from simulating operations and robotic surgery to phobia treatment and patient diagnostics. Education and training is another lucrative VR market, growing globally by almost 38% in 2022. The benefits are clear – VR offers a safe way to teach skills in high-risk jobs, for example military and pilot training – but it's an engaging way to train anyone. With so much potential, it's no wonder that excitement is growing about the future of VR in the workplace.