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.
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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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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.
For more info visit @ https://www.grandviewresearch.com
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