Mixed Reality In Healthcare Market Trends and Insight 2027
The global Mixed Reality In Healthcare market gathered revenue around USD 60.2 million in 2020 and market is set to grow USD 3.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 49.0% during the prediction period 2021 to 2027.
Growth Factors:
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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Mixed Reality In Healthcare market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Mixed Reality In Healthcare market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 3.9 Billion by 2027 |
| Growth Rate | CAGR of 49.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Component, application, end-user And Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Daqri; EchoPixel; Firsthand Technology; Oculus VR; Osso VR; Surgical Theater; Atheer; Microsoft Corporation; Samsung Electronics Co. Ltd.; HTC Corporation |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Mixed Reality In Healthcare market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Insights
North America dominated the market for mixed reality in healthcare with a revenue share of 38.9% in 2019. The increasing adoption of new technologies, the presence of a higher number of market players, and well-developed healthcare infrastructure are some of the key factors fueling market growth.
In addition, in the Asia Pacific, the market for mixed reality in healthcare is also expected to exhibit lucrative growth over the forecast period owing to constantly improving healthcare infrastructure, increasing adoption of digital solutions for healthcare, and economic development. Furthermore, the increasing prevalence of psychological or mental disorders coupled with the rising geriatric population is likely to propel the market growth during the forecast period.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Mixed Reality In Healthcare Market include: Daqri; EchoPixel; Firsthand Technology; Oculus VR; Osso VR; Surgical Theater; Atheer; Microsoft Corporation; Samsung Electronics Co. Ltd.; HTC Corporation
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Mixed Reality In Healthcare market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Mixed Reality In Healthcare market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Mixed Reality In Healthcare markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Mixed Reality In Healthcare Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Mixed Reality In Healthcare Market, By Component
7.1. Mixed Reality In Healthcare Market, By Component Type, 2020-2027
7.1.1. Hardware
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Software
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Content and Application
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Mixed Reality In Healthcare Market, By Application
8.1. Mixed Reality In Healthcare Market, by Application, 2020-2027
8.1.1. Surgery and Surgery Simulation
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Patient Care Management
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Fitness Management
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Medical Training and Education
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Mixed Reality In Healthcare Market, By End-use
9.1. Mixed Reality In Healthcare Market, By End-use, 2020-2027
9.1.1. Hospital
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Surgical Centers and Medical Institutes
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Mixed Reality In Healthcare Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, By Component (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, By End-use (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, By End-use (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, By Component (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, By End-use (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, By End-use (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, By Component (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, By End-use (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, By Component (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, By End-use (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, By Component (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, By End-use (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, By End-use (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, By Component (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, By End-use (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, By Component (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, By End-use (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, By End-use (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, By Component (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, By End-use (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, By Component (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, By End-use (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, By End-use (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, By Component (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, By End-use (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, By Component (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, By End-use (2016-2027)
Chapter 11. Company Profiles
11.1. Daqri
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. EchoPixel, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Firsthand Technology, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Oculus VR
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Osso VR
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Surgical Theater, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Atheer, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Microsoft Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Samsung Electronics Co. Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. HTC Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers