Global Mixed Reality in Healthcare market trends 2024, Forecast To 2033
6 Feb, 2024
The mixed reality in healthcare market has witnessed exponential growth, surging from $0.47 billion in 2023 to $0.71 billion in 2024, with a compound annual growth rate (CAGR) of 51.7%. The substantial growth in the historic period is credited to enhanced medical training, patient education, rehabilitation and physical therapy, chronic disease management, and the reduction of radiation exposure. The market is expected to experience continued exponential growth, reaching $4.39 billion in 2028, with a CAGR of 57.7%. The forecasted growth is linked to global health initiatives, regulatory frameworks, the adoption of holographic telemedicine, workflow optimization, and the expansion of remote consultations. Major trends in the forecast period include the integration of artificial intelligence (AI), virtual clinical trials, wearable mixed reality devices, augmented preoperative planning, and real-time language translation.
Global Mixed Reality in Healthcare Market Key Driver
The mixed reality in healthcare market is expanding due to the increase in the older population. The elderly, prone to various diseases requiring surgery, benefit from mixed reality in surgical procedures. America’s Health Rankings data shows that over 56 million adults aged 65 and above live in the United States. This rising elderly population contributes to the growth of the mixed reality in healthcare market.
Get A Free Sample Of The Global Mixed Reality in Healthcare Market ReportGlobal Mixed Reality in Healthcare Market Segments
The global mixed reality in healthcare market covered in this report is segmented –
1) By Device Types: AR Devices, VR Devices
2) By Component: Hardware, Software, Content and Application
3) By Application: Surgery and Surgery Simulation, Patient Care Management, Fitness Management, Medical Training and Education, Other Applications
4) By End-Users: Hospital, Surgical Centers and Medical Institutes, Other End Users
By Geography: The regions covered in the Mixed Reality in Healthcare market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the mixed reality in healthcare market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the mixed reality in healthcare market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Mixed Reality in Healthcare Industry Players
Atheer Inc., Daqri Ltd., EchoPixel Inc., Firsthand Technology Inc., Microsoft Corporation, Oculus Labs, HTC Corporation, Samsung Electronics Co. Ltd., Surgical Theater Inc., Osso VR Inc., Medical Realities Ltd., Augmedix Inc., Google LLC, MindMaze SA, Facebook Inc., Third Eye Technologies Private Limited, Orca Health Care India Private Limited, Surgical Theatre LLC, Hologic Inc., AccuVein Inc., Medivis Inc., Intuitive Surgical Inc., Philips Healthcare, Siemens Healthineers, GE HealthCare Technologies Inc., Magic Leap Inc., Intel Corporation, Varjo Technologies, Vuzix Corporation, Augmentix Corporation, AccuVein LLC
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Mixed Reality in Healthcare Market Overview
Mixed reality in healthcare refers to a combination of augmented and virtual reality to experience a real-life environment using digital tools in the medical field to accelerate diagnoses, improve access to healthcare, reduce infection transmission, educate, and enhance outcomes.
Mixed Reality in Healthcare Global Market Report 2023 provides data on the global mixed reality in healthcare market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mixed reality in healthcare market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.