Mixed Reality in Healthcare Market By Type (Augmented Reality, Virtual Reality), By Component (Hardware, Software, Content and Application, Others), By Application (Surgery and Surgery Simulation, Patient Care Management, Fitness Management, Medical Training and Education, Others), By End User (Hospital, Surgical centers and Medical Institutes, Others): Global Opportunity Analysis and Industry Forecast, 2023-2031
The global mixed reality in healthcare market is anticipated to reach $30,603.80 million by 2032, growing from $2,700.00 million in 2022 at a CAGR of 27.0% from 2023 to 2032.
Mixed Reality (MR) combines the physical and digital worlds to create settings in which tangible and digital items coexist and interact in real time. While Augmented Reality (AR) just displays a layer of digital content on top of the actual world, MR provides real-world integration and interaction with virtual content.
Rising awareness of the use of MR technology in medical operations such as surgery is one of the primary factors impacting the global mixed reality in healthcare market development. The increasing use of MR technologies in medical and healthcare training procedures is expected to drive the global mixed reality in healthcare market expansion in the upcoming years. Furthermore, an increase in the number of studies and R&D efforts analyzing the usefulness of adopting MR technologies to treat mental health disorders as well as for pain management is driving the global mixed reality in healthcare market growth.
The high cost of products and devices is a major impediment to the global mixed reality in healthcare market growth. In addition, a shortage of skilled professionals, data security, and privacy issues are projected to hamper the adoption of MR in the healthcare sector. These are the major factors anticipated to hinder the market revenue growth in the upcoming years.
The increase in use of mixed reality in the healthcare industry is being driven by the creation of contemporary healthcare infrastructure, elevated patient awareness, and mixed reality adoption. In addition, rising R&D of MR-based solutions for usage in a variety of medical illnesses across various geographies is anticipated to create several opportunities in the market. The use of MR technology in the healthcare industry is expected to increase owing to the increasing awareness of MR through better visibility of MR-based solutions and equipment.
During the pandemic, there was a rise in the demand for virtual and augmented reality in the healthcare sector. Doctors were able to comprehend and investigate the effects of the novel virus strain owing to the usage of virtual reality in healthcare. Medical professionals can now view real-time radiographic insights that highlight the effects of disease on patient’s body due to the use of virtual reality in healthcare. Post-Intensive Care Syndrome (PICS) was developed in the majority of patients who overcame the COVID-19 infection. .
The key players profiled in this report include Daqri, EchoPixel, Inc., Oculus VR, Atheer, Inc., Firsthand Technology, Inc., Osso VR, Surgical Theater, Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., and HTC Corporation.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mixed reality in healthcare market analysis from 2022 to 2032 to identify the prevailing mixed reality in healthcare market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mixed reality in healthcare market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mixed reality in healthcare market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeAugmented Reality
Virtual Reality
By Component Hardware
Software
Content and Application
Others
By ApplicationSurgery and Surgery Simulation
Patient Care Management
Fitness Management
Medical Training and Education
Others
By End UserHospital
Surgical centers and Medical Institutes
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
Atheer, Inc.
Daqri
ECHOPIXEL, INC.
Firsthand Technology, Inc.
HTC Corporation
Microsoft Corporation
Oculus VR
Osso VR
Samsung Electronics Co. Ltd.
Surgical Theater, Inc.
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