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Renub Research reported that the global virtual reality (VR) market is expected to grow significantly, reaching USD 382.87 billion by 2033. This growth is fueled by rising demand in sectors such as healthcare, education, gaming, and real estate.
VR technologies, including fully immersive headsets and motion tracking, are transforming training, entertainment, and therapy by creating realistic, interactive environments. Healthcare applications range from surgical simulations to mental health treatment, while gaming continues to push immersive engagement. However, high costs and infrastructure limitations remain barriers to broader access. The report emphasized that future VR integration with AI, 5G, and the metaverse could drive even more widespread adoption across industries.