Mixed Reality in Healthcare Market Research Report - Global Forecast till 2027

Global Mixed Reality in Healthcare Market Research Report: By Component (Software, Hardware, Service), Device Type (Augmented Reality in Healthcare, Virtual Reality in Healthcare), Application (Surgery Simulation, Surgery, Patient Care Management, Pharmacy Management, Fitness Management, Others), End User (Hospital & Surgical Centers, Pharmaceutical Companies, Research Organizations, Others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2027

ID: MRFR/HC/6541-HCR | February 2021 | Region: Global | 160 pages

Please note that the assessment period of the report has been updated from 2019-2024 to 2020-2027.Cordially fill Sample form for the updated data

Market Scenario


The global mixed reality in healthcare market is projected to show significant growth over the forecast period. It is estimated that the global mixed reality in healthcare market is expected to register a CAGR 26.3% during the forecast period of 2019 to 2024, with an estimated market value of USD 2,475 million in 2024.


Mixed Reality (MR) is an amalgamation 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. The global mixed reality in healthcare market is fueled by 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. Additionally, the benefits of MR systems such as operational efficiency, increased service quality, and reduced human effort is also projected to drive the growth of the mixed reality in healthcare market. For instance, in 2018, Samsung completed a randomized control trial that showed that VR therapy reduces pain by 52%.


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. Nevertheless, changes in regulatory policies are expected to reduce the impact of barriers over the forecast period.


Moreover, major companies in the market are involved in strategic acquisitions and collaborations to brace their position in the market. For instance, in March 2018, Samsung announced a partnership with Travelers Insurance, Cedars-Sinai Medical Center, Bayer, and AppliedVR to study a virtual reality for pain management.


Segmentation


The global mixed reality in healthcare market 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 software segment is expected to hold a major share due to the increased accessibility of software to the users, whereas the hardware segment is projected to be the fastest growing segment owing to ease of availability of hardware components.


The market, by device type, has been segmented into augmented reality in healthcare and virtual reality in healthcare. The AR in healthcare segment is expected to hold a major share due to the increased application of AR for the attenuation of pain perception, whereas VR in healthcare segment is anticipated to be the fastest growing segment owing to rise in awareness and increased research in this field. 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 surgery simulation segment is expected to hold a major share owing to the increasing use of MR tools for training surgeons due to the anatomically realistic recreations. The segment of surgery is expected to be the fastest growing segment due to the increased patient population in recent years.


The market, by end user, has been segmented into hospital and surgical centers, research organizations, and others. The segment of hospital and surgical centers is projected to hold a major share due to the rise in the hospitals switching to MR systems, whereas the segment of research organizations is expected to be the fastest growing segment due to the increased research initiatives.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The mixed reality in healthcare market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European mixed reality in healthcare market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe. The mixed reality in healthcare market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The mixed reality in healthcare market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players



  • Atheer

  • Augmedix

  • Daqri

  • Echopixel

  • Firsthand Technology

  • Google

  • Medical Realities

  • Microsoft

  • Mindmaze

  • Oculus VR

  • Orca Health

  • Osso VR

  • Psious

  • Samsung Electronics

  • Surgical Theatre LLC


Regional Market Summary


Global Mixed Reality in Healthcare Market Share (%), by Region, 2018  Mixed Reality in Healthcare Market_Image


Source: World Health Organization (WHO), Institute of Medicine (IOM)


Geographically, the Americas is expected to dominate the global mixed reality in healthcare market due to the increasing per capita healthcare expenditure, and the heavy adoption of new technology. According to the research published in 2016 by Johns Hopkins University School of Medicine, it was estimated that if all US hospitals increased the number of minimally invasive procedures by 50%, nearly 3,600 complications could be avoided annually. Furthermore, rising expenses in research and investment by healthcare bodies are anticipated to drive the growth of the market in this region.


Europe showed a considerable amount of growth 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 chronic diseases.


Asia-Pacific is expected to have a sturdy growth rate during the forecast period owing to the huge patient pool and 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.


On the other hand, the Middle East & Africa has the least share of the market due to the low disposable income. Moreover, limited access to treatment facilities is also expected to curb the growth of the market in the near future.


Global Mixed Reality in Healthcare Market, By Component



  • Software

  • Hardware

  • Service


Global Mixed Reality in Healthcare Market, By Device Type



  • Augmented Reality in Healthcare

    • Head-Mounted Display (HMD)

    • Handheld Device



  • Virtual Reality in Healthcare

    • Head-Mounted Display (HMD)

    • Gesture Tracking Devices

    • Projectors

    • Others




Global Mixed Reality in Healthcare Market, By Application



  • Surgery Simulation

  • Surgery

  • Patient Care Management

  • Pharmacy Management

  • Fitness Management

  • Others


Global Mixed Reality in Healthcare Market, by End User



  • Hospital & Surgical Centers

  • Research Organizations

  • Others


Global Mixed Reality in Healthcare Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Medical Device Companies

  • Research and Development (R&D) Companies

  • Government and Private Research Institutes

  • Academic Institutes and Universities

  • Venture Capitalists



Frequently Asked Questions (FAQ) :


Mixed reality in healthcare market is projected to grow at a 26.3% CAGR between 2019-2024.

The Americas is expected to dominate the mixed reality in healthcare market.

Mixed reality in healthcare market is predicted to touch USD 2,475 million by 2024.

Lack of skilled practitioners may limit the mixed reality in healthcare market growth.

The surgery simulation segment will lead the mixed reality in healthcare market.

Table of Contents

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global Mixed Reality in Healthcare Market, by Component

6.1 Overview

6.2 Software

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Hardware

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4 Service

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 7. Global Mixed Reality in Healthcare Market, by Device Type

7.1 Overview

7.2 Augmented Reality in Healthcare

7.2.1 Head-Mounted Display (HMD)

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.2.2 Handheld Device

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Virtual Reality in Healthcare

7.3.1 Head-Mounted Display (HMD)

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3.2 Gesture Tracking Devices

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3.3 Projectors

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3.4 Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 8. Global Mixed Reality in Healthcare Market, by Application

8.1 Overview

8.2 Surgery Simulation

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3 Surgery

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.4 Patient Care Management

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.5 Pharmacy Management

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.6 Fitness Management

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.7 Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 9. Global Mixed Reality in Healthcare Market, by End User

9.1 Overview

9.2 Hospital & Surgical Centers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3 Research Organizations

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.4 Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 10. Global Mixed Reality in Healthcare Market, by Region

10.1 Overview

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 Latin America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11. Company Landscape

11.1 Overview

11.2 Company Share Analysis

Chapter 12. Company Profiles

12.1 Atheer

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Augmedix

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Daqri

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Echopixel

12.4.1 Company Overview

12.4.2 Product Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Firsthand Technology

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.6 Google

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 Medical Realities

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Microsoft

12.8.1 Overview

12.8.2 Product Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 Mindmaze

12.9.1 Overview

12.9.2 Product Overview

12.9.3 Financials

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.10 Oculus VR

12.10.1 Overview

12.10.2 Product Overview

12.10.3 Financials

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.11 Orca Health

12.11.1 Overview

12.11.2 Product Overview

12.11.3 Financials

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.12 Osso VR

12.12.1 Overview

12.12.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.13 Psious

12.12.1 Overview

12.12.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.14 Samsung Electronics

12.14.1 Overview

12.14.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.15 Surgical Theatre LLC

12.15.1 Overview

12.15.2 Product Overview

12.15.3 Financials

12.15.4 Key Developments

12.15.5 SWOT Analysis

12.16 Others

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s Viewpoint

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Predictions for the Mixed Reality in Healthcare Market

Chapter 14. Appendix


LIST OF TABLES

Table 1 Global Mixed Reality in Healthcare Market Synopsis, 2020–2027

Table 2 Global Mixed Reality in Healthcare Market Estimates and Forecast, 2020-2027(USD Million)

Table 3 Global Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 4 Global Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 5 Global Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 6 Global Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 7 Global Mixed Reality in Healthcare Market, by Region, 2020-2027(USD Million)

Table 8 North America: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 9 North America: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 10 North America: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 11 North America: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 12 US: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 13 US: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 14 US: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 15 US: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 16 Canada: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 17 Canada: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 18 Canada: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 19 Canada: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 20 Latin America: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 21 Latin America: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 22 Latin America: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 23 Latin America: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 24 Europe: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 25 Europe: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 26 Europe: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 27 Europe: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 28 Western Europe: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 29 Western Europe: Mixed Reality in Healthcare Market, by Device Type, 2020-2027 (USD Million)

Table 30 Western Europe: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 31 Western Europe: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 32 Eastern Europe: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 33 Eastern Europe: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 34 Eastern Europe: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 35 Eastern Europe: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 36 Asia-Pacific: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 37 Asia-Pacific: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 38 Asia-Pacific: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 39 Asia-Pacific: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)

Table 40 Middle East & Africa: Mixed Reality in Healthcare Market, by Component, 2020-2027(USD Million)

Table 41 Middle East & Africa: Mixed Reality in Healthcare Market, by Device Type, 2020-2027(USD Million)

Table 42 Middle East & Africa: Mixed Reality in Healthcare Market, by Application, 2020-2027(USD Million)

Table 43 Middle East & Africa: Mixed Reality in Healthcare Market, by End User, 2020-2027(USD Million)


LIST OF FIGURES

Figure 1 Research Process

Figure 2 Market Structure for Global Mixed Reality in Healthcare Market

Figure 3 Market Dynamics for Global Mixed Reality in Healthcare Market

Figure 4 Global Mixed Reality in Healthcare Market Share, by Component, 2020 (%)

Figure 5 Global Mixed Reality in Healthcare Market Share, by Device Type, 2020 (%)

Figure 6 Global Mixed Reality in Healthcare Market Share, by Application, 2020 (%)

Figure 7 Global Mixed Reality in Healthcare Market Share, by End User, 2020 (%)

Figure 8 Global Mixed Reality in Healthcare Market Share, by Region, 2020 (%)

Figure 9 North America: Mixed Reality in Healthcare Market Share, by Country, 2020 (%)

Figure 10 Europe: Mixed Reality in Healthcare Market Share, by Country, 2020 (%)

Figure 11 Asia-Pacific: Mixed Reality in Healthcare Market Share, by Country, 2020 (%)

Figure 12 Middle East & Africa: Mixed Reality in Healthcare Market Share, by Country, 2020 (%)

Figure 13 Global Mixed Reality in Healthcare Market: Company Share Analysis, 2020 (%)

Figure 14 Atheer: Key Financials

Figure 15 Atheer: Segmental Revenue

Figure 16 Atheer: Geographical Revenue

Figure 17 Augmedix: Key Financials

Figure 18 Augmedix: Segmental Revenue

Figure 19 Augmedix: Geographical Revenue

Figure 20 Daqri: Key Financials

Figure 21 Daqri: Segmental Revenue

Figure 22 Daqri.: Geographical Revenue

Figure 23 Echopixel: Key Financials

Figure 24 Echopixel: Segmental Revenue

Figure 25 Echopixel: Geographical Revenue

Figure 26 Firsthand Technology: Key Financials

Figure 27 Firsthand Technology: Segmental Revenue

Figure 28 Firsthand Technology: Geographical Revenue

Figure 29 Google: Key Financials

Figure 30 Google: Segmental Revenue

Figure 31 Google: Geographical Revenue

Figure 32 Medical Realities: Key Financials

Figure 33 Medical Realities: Segmental Revenue

Figure 34 Medical Realities: Geographical Revenue

Figure 35 Microsoft: Key Financials

Figure 36 Microsoft: Segmental Revenue

Figure 37 Microsoft: Geographical Revenue

Figure 38 Mindmaze: Key Financials

Figure 39 Mindmaze: Segmental Revenue

Figure 40 Mindmaze: Geographical Revenue

Figure 41 Oculus VR: Key Financials

Figure 42 Oculus VR: Segmental Revenue

Figure 43 Oculus VR: Geographical Revenue

Figure 44 Orca Health: Key Financials

Figure 45 Orca Health: Segmental Revenue

Figure 46 Orca Health: Geographical Revenue

Figure 47 Osso VR: Key Financials

Figure 48 Osso VR: Segmental Revenue

Figure 49 Osso VR: Geographical Revenue

Figure 50 Psious: Key Financials

Figure 51 Psious: Segmental Revenue

Figure 52 Psious: Geographical Revenue

Figure 53 Samsung Electronics: Key Financials

Figure 54 Samsung Electronics: Segmental Revenue

Figure 55 Samsung Electronics: Geographical Revenue

Figure 56 Surgical Theatre LLC: Key Financials

Figure 57 Surgical Theatre LLC: Segmental Revenue

Figure 58 Surgical Theatre LLC: Geographical Revenue




This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.