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Virtual Reality Market Analysis

The global Virtual Reality (VR) market is experiencing substantial growth and is expected to reach a market value of approximately US$ 105.89 billion by 2030, with a CAGR of 32.37% from 2024 to 2032. According to Renub Research, the market was valued at US$ 14.87 billion in 2023.

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What is Virtual Reality?

Virtual Reality (VR) is a technology that creates a simulated 3D environment that users can interact with, often through specialized equipment such as goggles, headsets, or bodysuits. The immersive nature of VR enables users to suspend disbelief and experience environments that seem almost as real as the physical world around them. These VR experiences are powered by sophisticated computer systems and software that replicate sensory engagement, providing a highly interactive and immersive experience.

Global Virtual Reality Market

Retinal Surgical Device Market Outlook

The global retinal surgical device market is projected to reach a value of approximately US$ 3.9 billion by 2030, according to Renub Research. Retinal surgeries are vital for treating conditions that affect the retina, a crucial layer at the back of the eye responsible for vision. These procedures, including vitrectomy, laser therapy, and retinal detachment repair, are conducted by specialized surgeons in ophthalmic centers. Despite the complexity of these treatments, retinal surgery offers hope for restoring and maintaining vision, especially for patients with retinal diseases such as age-related macular degeneration (AMD) and diabetic retinopathy.

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Increasing Prevalence of Retinal Diseases

Globally, an estimated 196 million people aged 50 and older are affected by AMD, according to the National Cent