Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, The global mixed reality in healthcare market size was valued at USD 54.2 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 48.7% from 2020 to 2027.
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.
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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.
Mixed Reality In Healthcare Market Report Highlights
l 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
l The software segment dominated the market in 2019, owing to rising availability and accessibility of software to the users
l 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
l 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
l 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)
- 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
MR In Healthcare End-user Outlook (Revenue, USD Million, 2016 – 2027)
- Surgical Centers and Medical Institutes
MR In Healthcare Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players of Mixed Reality In Healthcare Market
- EchoPixel, Inc.
- Firsthand Technology, Inc.
- Oculus VR
- Osso VR
- Surgical Theater, Inc.
- Atheer, Inc.
- Microsoft Corporation
- Samsung Electronics Co. Ltd.
- HTC Corporation
Table of Content
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third Party perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot, Revenue (USD Million)
Chapter 3 MR in Healthcare Market Variables, Trends and Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Regulatory Framework
3.3.1 Standards & Compliances
3.4 Market Dynamics
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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