North America Mixed Reality in Healthcare Market By Component (Software, Content & Application and Hardware), By Application (Patient Care Management, Surgery and Surgery Simulation, Medical Training and Education, Fitness Management and Other Applications), By End User (Surgical Centers and Medical Institutes, Hospital and Other End user), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Mixed Reality in Healthcare Market would witness market growth of 56.3% CAGR during the forecast period (2020-2026).
Mixed Reality (MR) refers to an ideal blend of Augmented Reality (AR) and Virtual Reality (VR). Augmented reality offers digital elements, while virtual reality allows immersive imitation of actual environments. The Healthcare industry uses mixed reality immensely in treatment, training & education. Various factors like increasing acceptance of sensor technology, a surge in user adoption, widespread application of MR in disease care & treatment, and rising work pressure of healthcare professionals are expected to propel the growth of the mixed reality in the healthcare market during the forecast period. In addition to it, the growth of the mixed reality in the healthcare market is driven by the advantages of MR systems like operational efficiency, higher service quality, & decreased human efforts.
The future of medical and healthcare education is a mixed reality. The healthcare industry has seen massive growth after video games & entertainment applications with mixed reality. There are various applications accessible in augmented reality for medical which presently utilized by several companies mostly used on smartphones & tablets. In recent years, mixed reality utilizes to simplify a bowel cancer surgery operation.
Moreover, MR technology is also utilized in efficiently managing the time of medical experts. This is beneficial in expanding the number of cases of patients that can be managed by the healthcare expert. For example, the Augmedix platform, developed by Augmedix, is beneficial in saving 2 to 3 clinician or physician hours each day. Therefore, these platforms will assist inpatient and workload management for healthcare experts.
Based on Component, the market is segmented into Software, Content & Application and Hardware. Based on Application, the market is segmented into Patient Care Management, Surgery and Surgery Simulation, Medical Training and Education, Fitness Management and Other Applications. Based on End User, the market is segmented into Surgical Centers and Medical Institutes, Hospital and Other End user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Content and Application Market by Country in 2019, thereby, achieving a market value of $65,347.3 Thousands by 2026. The Canada market is experiencing a CAGR of 58.8% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 58.5% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Samsung Electronics Co., Ltd. (Samsung Group), HTC Corporation, Facebook, Inc., CounterPath Corporation (Firsthand Technology, Inc.), EchoPixel, Inc., Surgical Theater, Inc., Atheer, Inc., Osso VR, Inc., and Medical Realities Ltd.
Scope of the Study
Market Segments covered in the Report:
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