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  • 29 October 2020 21:12

Mixed Reality In Healthcare Market to Garner Growth 47.2%

Precedence Research says the global mixed reality in healthcare market is expanding at a CAGR of 47.2% during the forecast period 2020 to 2027.

The global mixed reality in healthcare market size was valued at USD 60.35 Million in 2019 and expected to reach USD 1,330.31 million by 2027

Growth Factors

Growing awareness regarding the utilization of mixed reality (MR) in surgical and other processes and rising adoption of MR for medical training is positively impacting the growth. Furthermore, increasing research activities and studies signifying the use of mixed reality in certain medical conditions such as pain management and mental health is further bolstering revenue growth over the forecast period.

Insights

Based on the component, the software segment dominated the market in 2019. Factors contributing to the growth of the segment include rising availability and accessibility of the software to the users and increasing awareness regarding the usage of software platforms for various medical and health purposes. In addition, the rising adoption of software technologies for better patient satisfaction is further propelling segment growth.

In 2019, the patient care management segment accounted for the highest revenue share. This growth is attributed to factors such as the increasing prevalence of serious medical conditions such as cancer and the rising importance of patient care management for patient referrals. In addition, the increase in demand for better healthcare technologies for enhancing patient satisfaction is further fueling segment growth.

Based on end-user, the hospital segment dominated the market in 2019. This growth can be attributed to the increasing utilization of mixed reality technologies for pain management and mental health. In addition, the rising adoption of mixed reality-based technologies for better patient care and management is propelling segment growth.

North America dominated the market with a revenue share of 38.8% in 2019 owing to the increasing adoption of new healthcare technologies and well-developed infrastructural facilities. Furthermore, rising awareness regarding mixed reality and better healthcare expenditure is boosting the growth of the market in the region.

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A latest study collated and published by Precdence Research analyzes the historical and present-day scenario of the global mixed reality in healthcare market to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the mixed reality in healthcare market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the mixed reality in healthcare market is expected to progress during the forecast period 2020-2027.

The report offers intricate dynamics about the different aspects of the mixed reality in healthcare market that aids companies operating in the market in making strategic development decisions. The study elaborates on significant changes that are highly anticipated to configure the growth of the mixed reality in healthcare market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the mixed reality in healthcare market, and estimate statistics related to the market progress in terms of value (US$ Bn).

The study covers a detailed segmentation of the mixed reality in healthcare market, along with cross-country analysis, key information, and a competitive outlook. The report mentions the company profiles of key players that are currently dominating the mixed reality in healthcare market, wherein, various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail.

Some of the prominent players in the mixed reality in healthcare market include:

  • Echopixel, Inc.
  • Microsoft Corporation
  • Firsthand Technology, Inc.
  • Samsung Electronics Co. Ltd.
  • Surgical Theater, Inc.
  • HTC Corporation
  • Atheer, Inc.
  • Oculus VR
  • Osso VR
  • Proximie

Segmentation

By Component

  • Software
  • Hardware
  • Content & Application
By Application
  • Patient Care Management
  • Surgery & Surgery Simulation
  • Medical Training & Education
  • Fitness Management
  • Others
By End-user
  • Surgical Centers & Medical Institutes
  • Hospital
  • Others
By Regional Outlook
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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