The global mixed reality in healthcare market size is expected to reach USD 3.8 billion by 2027, expanding at a CAGR of 48.7%, according to a new report by Grand View Research, Inc. 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.
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.
Full Research Report On Mixed Reality In Healthcare Market Visit Here:
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Mixed Reality In
Healthcare Market Report Highlights
- Increasing awareness
regarding utilization of mixed reality in surgical and other processes
along with rising adoption of MR for medical training are key driving
factors for the market
- The software segment
dominated the market in 2019, owing to rising availability and
accessibility of software to the users
- The patient care management
segment dominated the market in 2019, owing to the increasing prevalence
of serious medical conditions such as cancer and the rising importance of
patient care management
- The hospital segment
dominated the market with a revenue share of 58.4% in 2019, owing to
increasing utilization of mixed reality technologies for pain management
and mental health
- North America dominated the
market with a revenue share of 38.8% in 2019, owing to the increasing
adoption of new technologies and well-developed healthcare infrastructure
in the region.
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Mixed Reality In
Healthcare Market Segmentation
Grand View Research has segmented
the global mixed reality in the healthcare market based on component,
application, end-user, and region:
MR In Healthcare
Component Outlook (Revenue, USD Million, 2016 - 2027)
- Hardware
- Software
- Content and Application
MR In Healthcare
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Surgery and Surgery
Simulation
- Patient Care Management
- Fitness Management
- Medical Training and
Education
- Others
MR In Healthcare
End-user Outlook (Revenue, USD Million, 2016 – 2027)
- Hospital
- Surgical Centers and Medical
Institutes
- Others
MR In
Healthcare Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Netherlands
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players
of Mixed Reality In Healthcare Market
- Daqri
- EchoPixel, Inc.
- Firsthand Technology, Inc.
- Oculus VR
- Osso VR
- Surgical Theater, Inc.
- Atheer, Inc.
- Microsoft Corporation
- Samsung Electronics Co. Ltd.
- HTC Corporation
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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