What is the size of the global Mixed Reality in Healthcare Market?

Mixed Reality in Healthcare Market Highlights

Mixed Reality (MR) is a combination of Augmented Reality (AR) and Virtual Reality (VR), defining the polar ends of a spectrum known as virtuality spectrum or mixed reality spectrum. Augmented reality delivers digital components, whereas virtual reality enables immersive imitation of real-life settings. MR has widespread applications in different fields of healthcare, varying from treatment to training and education.

It is estimated that the mixed reality in healthcare market is expected to register a CAGR of 25.04% during the forecast period of 2022 to 2030, with an estimated market value of USD 9722.85 million in 2030.

Numerous factors such as rapid improvements in the adoption of sensor technology, increase in the user acceptance, increased applications of MR in disease care and treatment, and increasing workload of healthcare professionals are anticipated to fuel the growth of the market. Additionally, the benefits of MR systems such as operational efficiency, increased service quality, and reduced human effort is also projected to drive market growth. On the other hand, the lack of adequate skill among medical practitioners, high investment costs, occurrences of technical glitches and the concern related to loss of data is likely to curb the growth of the market during the assessment period.

The global mixed reality in healthcare market is currently dominated by several market players. The important players in the market are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in March 2018, Samsung announced a partnership with Travelers Insurance, Cedars-Sinai Medical Centre, Bayer, and Applied to study a virtual reality for pain management.

Segmentation

The global mixed reality in healthcare market report has been segmented into component, device type, application, and end user. The market, based on component, has been segmented into software, hardware, and service. The market, by device type, has been segmented into augmented reality in healthcare and virtual reality in healthcare. The market, by augmented reality in healthcare, has been further segmented into head-mounted display (HMD), and handheld device. The market, by virtual reality in healthcare, has been segmented into head-mounted display (HMD), gesture tracking devices, projectors, and others. The market, by application, has been segmented into surgery simulation, surgery, patient care management, pharmacy care management, fitness management, and others. The market, by end user, has been segmented into hospital and surgical centres, research organizations, and others.

Regional Analysis

The market in the Americas is expected to dominate the global mixed reality in healthcare market during the forecast period owing to the increasing per capita healthcare expenditure, and the heavy adoption of new technology in the region. Europe is expected to hold the second largest position in the global mixed reality in healthcare market. The market growth in this region is because of the presence of a well-established healthcare system and increase in life-threatening diseases. Asia-Pacific is estimated to be the fastest growing region in the market due to the huge patient pool and rising government initiatives of healthcare reforms. In 2016, as a part of an ongoing neurosurgical collaboration between Children’s Hospital in Ho Chi Minh City (Vietnam) and Children’s of Alabama Hospital, a Virtual Interactive Presence and Augmented Reality (VIPAR) telecommunication system was implemented at both hospitals to provide intraoperative assistance to medical professionals. However, less capital investment is restricting the market growth of this region. The market in the Middle East & Africa is likely to account for the smallest share of the global mixed reality in healthcare market. The market growth in this region is restricted due to the low disposable income in the region.

Mixed Reality in Healthcare Market Players

The global mixed reality in healthcare market players are Mindmaze, Atheer, Augmedix, Firsthand Technology, Daqri, Medical Realities, Google, Microsoft, Echopixel, Oculus VR, Orca Health, Psious, Samsung Electronics, Surgical Theatre LLC, and Osso VR.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Macrolide Antibiotics Market Competitive Landscape, Future Plans and Global Trends by Forecast 2030

  Macrolide Antibiotics Market Highlights Macrolides such as azithromycin, clarithromycin, and erythromycin are a class of antibiotics that inhibit protein synthesis. It acts as a bacteriostatic agent against many strains of corynebacterial, listeria, moxicella, streptococci, Neisseria meningitides, Staphylococci, Clostridia, and Haemophilus sp. It is used for the treatment of bacterial infections, such as nose, ear, and throat infections, chest infections, skin infections as well as mouth and dental infections. They are also used as an alternative to penicillin. The global macrolide antibiotics market is expected to show a sharp growth over the forecast period owing to an increasing demand for macrolide across the globe. Rising prevalence of bacterial skin infections and rising number of dermatology clinics also favour the market growth.  According to a study published in the Journal of the American College of Cardiology, macrolide antibiotics may increase the ...
Read more

Atorvastatin API Market Competitive Landscape, Future Plans and Global Trends by Forecast 2030

  Atorvastatin API Market Highlights The hypercholesterolemia segment is expected to lead the market and register a substantial CAGR to reach USD 2,10,753.23 thousand by the end of 2023. High prevalence of hypercholesterolemia is expected to drive the market growth. Additionally, the segment is projected to exhibit the highest CAGR of 4.09% from 2018 to 2023. The atorvastatin API market is anticipated to reach USD 2,852.3 Million by 2030 at 7.50% CAGR during the forecast period 2022-2030. North America accounted for the largest market share of 40.64% in 2017, and the regional market is projected to register a CAGR of 3.10% during the forecast period. Asia-Pacific is expected to register the fastest CAGR. The Chinese market is projected to exhibit the highest growth rate of 5.86% during the forecast period from 2022 to 2030. Atorvastatin API Market Segmentation The atorvastatin API market report has been studied extensively by MRFR experts, with respect to applications. ...
Read more

Nutrigenomics Market | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

Market Highlights Following the analysis of the latest trends across the globe, Market Research Future (MRFR) states that the nutrigenomics market is projected to reach the valuation of  USD 464.76 Million by 2030 . In addition, the market is expected to surge at a growth rate of  15.70% during the forecast period ( 2022-2030 ). The Nutrigenomics market is one that has emerged in the past few years, carrying with it a massive potential. With the global statistics for obesity, lifestyle diseases and the ever-increasing demand for effective cosmetic treatments, nutrigenics has risen up as a potential treatment option. Growth Drivers and Key Restraints The boost in the awareness levels among consumers coupled with the rising prevalence of obesity across the globe is predicted to be a crucial factor elevating the market position of nutrigenomics. The surging trend of personalized diet, particularly among athletes will also be beneficial for the market in the near future. ...
Read more