Global Mixed Reality In Healthcare Market Size By Type (Hardware, Software), By Application (Surgery and Surgery Simulation, Patient Care Management), By End User (Hospitals, Surgical Centers And Medical Institutes), By Geographic Scope And Forecast

Report ID: 310152|No. of Pages: 202

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Global Mixed Reality In Healthcare Market Size By Type (Hardware, Software), By Application (Surgery and Surgery Simulation, Patient Care Management), By End User (Hospitals, Surgical Centers And Medical Institutes), By Geographic Scope And Forecast

Report ID: 310152|Published Date: Feb 2024|No. of Pages: 202|Base Year for Estimate: 2021|Format:   Report available in PDF formatReport available in Excel Format

Mixed Reality in Healthcare Market Size And Forecast

Mixed Reality in Healthcare Market size is valued at USD 95.82 Million in the year 2021 and it is expected to reach USD 1500.76 Million in 2030 at a CAGR of 35.45% over the forecast period of 2023 to 2030.

The Global Mixed Reality in Healthcare Market is witnessing a substantial growth rate over the past few years. Increasing demand for advanced technologies in the healthcare industry is one of the key factors driving the growth of the market. Furthermore, rising research and development activities is anticipated to offer various growth opportunities in the market over the forecast period. The Global Mixed Reality in Healthcare Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Mixed Reality in Healthcare Market is estimated to grow at a CAGR of 35.45% & reach US$ 1500.76 Mn by the end of 2030

Global Mixed Reality in Healthcare Market Definition

Mixed reality is one of the emerging technologies that blend augmented reality and virtual reality. Realizing the combinational potential of these technologies, in recent years, the healthcare industry has begun exploring mixed reality capabilities in the sector. Mixed reality enables healthcare service providers to coordinate, analyze, and control healthcare processes in a more effective and convenient manner. The use of Mixed Reality in the Healthcare Market is still new.

It is now being used to provide vital information to operating surgeons via a hands-free interface. In hospitals, operating rooms, clinics, and medical training settings, mixed reality increases access to healthcare facilities, speeds up diagnosis, cuts down on infection transmission as well as enhances medical care outcomes. The main benefits of mixed reality in the healthcare sector are a better understanding of complex issues, 3D capabilities, scalable objects that can be interacted on simultaneously by several participants, and its ability to provide a deeper analysis.

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Global Mixed Reality in Healthcare Market Overview

Increasing demand for mixed reality by medical professionals in the healthcare sector is one of the key factors which is driving the growth of the market. One of the main applications of MR in the healthcare sector is the treatment of phobias, surgical simulation, robot training, expert training, etc. In addition, one of the major drivers propelling the market’s expansion is the continued development of mixed reality in the healthcare industry. The use of mixed reality in medical diagnostics has given the sector access to real-time visualization capabilities.

However, the lack of enough research studies on the mixed reality in the healthcare sector is one of the factors which could hinder the growth of the market over the forecast period. In addition to this, resistance to the adoption of new technology by end users in the healthcare sector also hampers the growth of the market to some extent. Apart from this, growing research and development activities for the use of mixed reality in various other healthcare-related applications are expected to offer various growth opportunities over the forecast period.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Mixed Reality in Healthcare Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.Geographical Representation of Mixed Reality in Healthcare Market

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Mixed Reality Healthcare Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Porter\'s Five Forces Framework of Mixed Reality in Healthcare Market

Global Mixed Reality in Healthcare Market: Segmentation Analysis

The Global Mixed Reality in Healthcare Market is segmented on the basis of Type, Application, End User, And Geography.

Mixed Reality in Healthcare Market Segmentation Analysis

Mixed Reality in Healthcare Market, By Type

  • Hardware
  • Software
  • Others

Based on Type, the market is segmented into Hardware, Software, and Others. The container software segment held the largest market share in the Mixed Reality in Healthcare Market in 2021. The growing availability of various software related to mixed reality in the healthcare sector is one of the significant factors that boost the growth of the market. Furthermore, growing awareness about the accessibility of the software among the end users of the healthcare sector further drives the growth of the market.

 Mixed Reality in Healthcare Market, By Application

  • Surgery and Surgery Simulation
  • Patient Care Management
  • Fitness Management
  • Medical Training and Education
  • Others

Based on Application, the market is segmented into Surgery and Surgery Simulation, Patient Care Management, Fitness Management, Medical Training and Education, and Others. The patient care management segment dominated the global Mixed Reality in Healthcare Market with the highest market share in 2021. The growing demand for advanced technologies for patient satisfaction is one of the significant factors driving the growth of this particular segment. In addition to this, the growing prevalence of chronic disorders such as cancer, cardiovascular diseases, diabetes, etc. boosting the demand for a mixed reality for patient care management.

Mixed Reality in Healthcare Market, By End User

  • Hospital
  • Surgical Centers and Medical Institutes
  • Others

Based on End User, the market is segmented into Hospitals, Surgical Centers Medical Institutes, and Others. The hospital segment dominated the Global Mixed Reality in Healthcare Market with the highest market share in 2021. High adoption of mixed reality in hospitals across the globe is propelling the growth of the market. The surgical center’s segment is estimated to grow at the highest CAGR over the forecast period. Mixed reality in modern surgery enables medical professionals’ pre-procedural planning and visualization, which helps in reducing errors and improving the overall experience of the patient.

 Mixed Reality in Healthcare Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

On the basis of Geography, the Global Mixed Reality in Healthcare Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America region accounted for the highest market share in the global mixed reality healthcare market in the year 2021. The presence of various companies that offers mixed reality solution in the healthcare sector in the countries such as the U.S. and Canada is a primary factor for the market’s growth in the region. Furthermore, highly developed IT infrastructure across the healthcare industry in the region also offers a significant boost to the growth of the market. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. Developing healthcare sectors in the countries such as India and China are driving the adoption of mixed reality in the region.

Key Players

The “Global Mixed Reality in Healthcare Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Osso VR, EchoPixel, Inc., Samsung Electronics Co. Ltd., Daqri, Atheer, Inc., Firsthand Technology, Inc., Oculus VR, Surgical Theater, Inc., Microsoft Corporation, and HTC Corporation among others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Key DevelopmentsGlass Manufacturing Market Key Developments And Mergers

  • In April 2021, Surgical Theater partnered with Medtronic plc to interface Medtronic’s StealthStation S8 surgical navigation system with Surgical Theater’s SyncAR augmented reality (AR) technology.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Ace Matrix Analysis of Mixed Reality in Healthcare Market

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

industry are Osso VR, EchoPixel, Inc., Samsung Electronics Co. Ltd., Daqri, Atheer, Inc., Firsthand Technology, Inc., Oculus VR, Surgical Theater, Inc., Microsoft Corporation, and HTC Corporation among.

SEGMENTS COVERED

By Type, By Application, By End User, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

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Research Methodology of Verified Market Research

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Mixed Reality in Healthcare Market is valued at USD 95.82 Million in the year 2021 and it is expected to reach USD 1500.76 Million in 2030 at a CAGR of 35.45% over the forecast period of 2023 to 2030.

Increasing demand for advanced technologies in the healthcare industry is one of the key factors driving the growth of the market.

The major players are industry are Osso VR, EchoPixel, Inc., Samsung Electronics Co. Ltd., Daqri, Atheer, Inc., Firsthand Technology, Inc., Oculus VR, and Surgical Theater.

The Global Mixed Reality in Healthcare Market is segmented on the basis of Type, Application, End User and Geography.

The sample report for the Mixed Reality in Healthcare Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION OF THE GLOBAL MIXED REALITY IN HEALTHCARE MARKET 1.1 Overview of the Market 1.2 Scope of Report 1.3 Assumptions 2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 3.1 Data Mining 3.2 Validation 3.3 Primary Interviews 3.4 List of Data Sources 4 GLOBAL MIXED REALITY IN HEALTHCARE MARKET OUTLOOK 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis 5 GLOBAL MIXED REALITY IN HEALTHCARE MARKET, BY TYPE 5.1 Overview 5.2 Software 5.3 Services 5.4 Others 6 GLOBAL MIXED REALITY IN HEALTHCARE MARKET, BY APPLICATION 6.1 Overview 6.2 Surgery and Surgery Simulation 6.3 Patient Care Management 6.4 Fitness Management 6.5 Medical Training and Education 6.6 Others 7 GLOBAL MIXED REALITY IN HEALTHCARE MARKET, BY END USER 7.1 Overview 7.2 Hospital 7.3 Surgical Centers and Medical Institutes 7.4 Others 8 GLOBAL MIXED REALITY IN HEALTHCARE MARKET, BY GEOGRAPHY 8.1 Overview 8.2 North America 8.2.1 U.S. 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 U.K. 8.3.3 France 8.3.4 Rest of Europe 8.4 Asia Pacific 8.4.1 China 8.4.2 Japan 8.4.3 India 8.4.4 Rest of Asia Pacific 8.5 Latin America 8.5.1 Brazil 8.5.2 Argentina 8.5.3 Rest of Latin America 8.6 Middle East and Africa 8.6.1 Saudi Arabia 8.6.2 UAE 8.6.3 South Africa 8.6.4 Rest of Middle East and Africa 9 GLOBAL MIXED REALITY IN THE HEALTHCARE MARKET COMPETITIVE LANDSCAPE 9.1 Overview 9.2 Company Market Ranking 9.3 Key Development Strategies 9.4 Company Industry Footprint 9.5 Company Regional Footprint 9.6 Ace Matrix 10 COMPANY PROFILES 10.1 Osso VR 10.1.1 Overview 10.1.2 Financial Performance 10.1.3 Product Outlook 10.1.4 Key Developments 10.2 EchoPixel, Inc. 10.2.1 Overview 10.2.2 Financial Performance 10.2.3 Product Outlook 10.2.4 Key Developments 10.3 Samsung Electronics Co. Ltd. 10.3.1 Overview 10.3.2 Financial Performance 10.3.3 Product Outlook 10.3.4 Key Developments 10.4 Atheer, Inc. 10.4.1 Overview 10.4.2 Financial Performance 10.4.3 Product Outlook 10.4.4 Key Developments 10.5 Daqri 10.5.1 Overview 10.5.2 Financial Performance 10.5.3 Product Outlook 10.5.4 Key Developments 10.6 Firsthand Technology, Inc., 10.6.1 Overview 10.6.2 Financial Performance 10.6.3 Product Outlook 10.6.4 Key Development 10.7 Oculus VR 10.7.1 Overview 10.7.2 Financial Performance 10.7.3 Product Outlook 10.7.4 Key Development 10.8 Surgical Theater, Inc. 10.8.1 Overview 10.8.2 Financial Performance 10.8.3 Product Outlook 10.8.4 Key Development 10.9 Microsoft Corporation 10.9.1 Overview 10.9.2 Financial Performance 10.9.3 Product Outlook 10.9.4 Key Development 10.10 HTC Corporation 10.10.1 Overview 10.10.2 Financial Performance 10.10.3 Product Outlook 10.10.4 Key Development 11 Appendix 11.1.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Mixed Reality In Healthcare Market

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