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Pioneering Medical VR Companies of 2023

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In recent years, the intersection of virtual reality (VR) and healthcare has become increasingly prominent. In 2023, several medical VR companies have emerged as frontrunners in leveraging VR technology for various medical applications, ranging from training simulations to surgical assistance.

In this article, we’ll delve into the top players among medical VR companies, examining their contributions to modern healthcare and the potential implications for the future. Join us as we unravel the impact of VR on medical practices and contemplate the promising prospects of immersive technologies in the realm of healthcare VR companies.

10 Medical VR Companies

1. GIGXR

GIGXR is a burgeoning SaaS startup that utilizes mixed reality to enhance training outcomes within the healthcare sector. Positioned at the forefront of blending digital and physical realms, GIGXR’s platform and mixed reality tools enable educators to create immersive training environments for students, regardless of their location.

With a growing global client base including medical schools, hospitals, the U.S. Department of Defense, and higher education institutions, GIGXR also collaborates with prominent app developers linked to reputable research and governmental organizations. This collaboration not only helps organizations cut down on healthcare training expenses but also contributes to saving lives.

GIGXR’s commitment to advancing immersive technologies in education and healthcare is evident in its disclosed funding of $3,500,000 as of December 17, 2019.

2. Arctop

Arctop takes a unique position among VR healthcare companies by specializing in neural interface technology, utilizing brain signals to offer immediate insights into cognitive processes. Their patented Neuos™ technology spans various sectors like biometric authentication, gaming, neurological health, education, and entertainment, providing users and enterprises access to their brain activity.

Arctop’s innovation, backed by extensive research and patented AI data processing techniques, refines and categorizes subtle brain signals. This advancement introduces natural authentication methods for remote work and AR/VR applications, while Arctop’s APIs facilitate adaptive experiences across gaming, music, education, productivity, well-being, and the automotive industry’s future.

With a total disclosed funding of $15,000,000 as of October 10, 2023, Arctop has garnered support from prominent investors like Fifth Growth Fund, Supermoon Capital, Metropolis Ventures, Script Capital, and The MBA Fund.

3. Augmedics

As a pioneering figure among medical VR companies Augmedics leads the field in advanced augmented reality technology, aimed at improving surgical outcomes. Their groundbreaking xvision Spine System® provides surgeons with detailed anatomical visualization, similar to “x-ray vision,” enabling precise navigation of instruments and implants during spine procedures.

Augmedics is dedicated to advancing healthcare through cutting-edge technologies, with their flagship product, the xvision-spine (XVS) system, revolutionizing surgical navigation. This system allows surgeons to visualize and navigate inside a patient’s body during complex procedures.

Having raised a total disclosed funding of $143,600,000 as of June 27, 2023, Augmedics has received support from notable investors including Revival Healthcare Capital, Almeda Ventures, CPMG, H.I.G. Capital, Evidity Health Capital, XR Invest, HCA, AUG Management, TerraLab Ventures, and Terra Venture Partners.

4. FitXR

FitXR is another gem among medical VR companies, focusing on virtual reality fitness solutions and games.  Their platform is geared towards increasing exercise engagement and enjoyment within the VR community, offering captivating environments, multiplayer workouts, and a mobile app for tracking progress.

FitXR provides a variety of workout options, including boxing, HIIT, combat, sculpt, and dance, tailored to individual preferences. Additionally, strategic partnerships with fitness brands like Zumba enhance the platform’s appeal.

Having secured a total disclosed funding of $13,800,000 as of April 1, 2022, FitXR has garnered support from investors such as TriplePoint Capital, Boost VC, AAFM, Maveron, Hiro Capital, Innovate UK, Bryan Rosenblatt, and Eytan Elbaz.

5. MediView XR

MediView XR is an innovative MedTech firm focused on leveraging data insights, remote collaboration, and augmented reality for surgical applications. Operating out of Ohio, MediView AR, LLC is a newly established medical device company specializing in Extended Reality Surgical Navigation, particularly for cancer tumor ablation and biopsy procedures.

Having secured a disclosed funding total of $29,400,000 as of May 16, 2023, MediView XR has received investments from significant players including the JobsOhio Growth Capital Fund, renowned healthcare institutions such as the Mayo Clinic and Cleveland Clinic, and leading industry entities like GE Healthcare.

The backing from investors like Inside View Investments highlights the potential of MediView XR’s advanced technologies in transforming surgical navigation and improving patient outcomes.

Medivis is leveraging augmented reality and computer vision to create technology aimed at enhancing surgical care for patients and revolutionizing medical imaging. The company is deeply committed to patient well-being, utilizing advanced vision technologies in its endeavors.

6. Medivis

Medivis stands out in the field of medical VR companies by leveraging augmented reality and advanced computer vision technologies.  As of June 13, 2023, Medivis has received a total disclosed funding of $25,000,000. Notable investors, including Thrive Capital, Alumni Ventures, Castor Ventures, and Initialized Capital, have shown confidence in Medivis’s innovative approach to improving surgical procedures and medical imaging, signaling potential transformative impacts on healthcare practices.

7. Immersive Touch

ImmersiveTouch is a prominent player in the medical technology field, renowned for its exclusive virtual and augmented reality (VR/AR) platforms tailored for image-guided surgical planning and navigation. These platforms empower medical professionals with precision and consistency, thanks to patented technology.

By utilizing 3D holographics in an AR/VR metaverse, ImmersiveTouch’s solutions simulate each patient’s unique pathology, allowing for personalized treatment approaches. Their integrated software platform encompasses surgical planning, navigation, training, and patient engagement, all aimed at enhancing the healthcare experience.

As of April 25, 2019, ImmersiveTouch has disclosed funding totaling $4,380,000, signaling investor confidence in their innovative approach to improving surgical practices and patient care.

8. Neo Auvra

Neo Auvra operates as a digital company, offering an advanced VR, AR, XR, and biometrics solution aimed at improving brain function and overall health. Their focus lies in holistic health, digital medicine, and well-being technologies, rooted in the belief that cognitive, emotional, and physical well-being are interconnected.

Through personalized, preventive, and adaptable methods, Neo Auvra’s technology platform provides individuals with tailored roadmaps, lifestyles, and ongoing support to enhance cognitive, emotional, and physical aspects. The company’s operational strategy involves evaluating these interconnected states, followed by reporting and implementing training and exercises for improvement.

As of May 15, 2023, this medical VR company has disclosed funding totaling $5,055,000, with investments from İstanbul Portföy Yönetimi and Gen Ilac. This funding underscores confidence in Neo Auvra’s innovative approach to advancing holistic health and well-being through technology-driven solutions.

The Impact of VR on Medical Practice and Healthcare Companies

The influence of VR healthcare companies is reshaping the landscape of medical practice and patient care.  Virtual Reality (VR) technology is making significant strides in medical practice and healthcare, offering practical solutions across various areas. Here, we examine how VR is shaping patient care, surgical procedures, medical training, and wellness initiatives within the healthcare sector.

  1. Augmented Reality in Surgery: Augmedics and ImmersiveTouch are showcasing how medical VR companies are revolutionizing surgical procedures by utilizing augmented reality (AR) to enhance surgical navigation. Augmedics’ xvision Spine System® provides surgeons with detailed anatomical visualization during spine surgeries, improving precision. Similarly, ImmersiveTouch’s VR/AR platforms offer guidance for surgical planning, benefiting patient outcomes.
  2. VR for Training and Education: GIGXR and MediView XR are revolutionizing medical training with VR technology. GIGXR’s VR platform creates immersive training environments, enabling flexible learning for medical professionals. MediView XR’s VR/AR solutions simulate surgical procedures, enhancing training effectiveness.
  3. Personalized Health Solutions: Neo Auvra’s VR, AR, XR, and biometrics solution targets brain function and overall health. By providing personalized roadmaps,this VR medical comapny  empowers individuals to improve cognitive, emotional, and physical well-being.
  4. VR for Patient Engagement: FitXR offers VR fitness experiences, encouraging exercise within the VR community. With engaging environments and progress tracking, FitXR enhances patient engagement. Medical VR companies like MediView XR also use VR to educate patients about treatment plans, improving understanding and adherence.

As VR healthcare companies continue to evolve, its practical applications in healthcare promise to improve patient care, enhance surgical precision, facilitate medical training, and promote wellness in personalized and accessible ways.

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The Future of VR in Healthcare and Healthcare VR Companies

As VR technology progresses, its integration into healthcare systems by medical VR companies is poised to usher in a new era of medical advancements.  A significant area of focus for these VR healthcare companies involves refining surgical procedures through VR and AR technologies, potentially providing surgeons with more immersive and precise navigation tools, thus improving surgical outcomes and minimizing risks.

Moreover, the widespread use of VR simulations for surgical training holds promise for transforming medical education, offering realistic scenarios for practicing complex procedures in a controlled environment. Outside of surgical settings, VR has the potential to bridge geographical healthcare gaps by enabling remote patient care. VR-enabled telemedicine platforms, developed by VR healthcare companies could grant patients in remote or underserved regions access to specialized care, reducing disparities in healthcare access.

Additionally, VR-based interventions show potential in addressing mental health conditions, offering tailored and accessible therapy options. Furthermore, VR technology could revolutionize rehabilitation and physical therapy by offering immersive experiences that facilitate movement and recovery, potentially leading to swifter and more comprehensive rehabilitation outcomes.

As VR becomes more seamlessly integrated into healthcare systems, its potential to enhance patient care, elevate medical education, and broaden access to healthcare services is poised to reshape the future of healthcare delivery.

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

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Deep Prasad

Deep Prasad

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Jack Boreham

Jack Boreham is the editorial director and account executive at the Metaverse Insider: the leading metaverse publication globally. Jack has been at the forefront of the platform's growth as a metaverse specialist -writing and advising projects in the Metaverse space for over two years. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Jake Vikoren

Jake Vikoren

Company Speaker

Deep Prasad

Deep Prasad

Company Speaker

Araceli Venegas

Araceli Venegas

Company Speaker

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