Asia Pacific 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
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Market Report Description
The Asia Pacific Mixed Reality in Healthcare Market would witness market growth of 59.3% CAGR during the forecast period (2020-2026). MR is helpful in imparting training to medical students & nurses in enhancing their skill sets.
The students & medical staff can learn and polish their surgical and other skills using several software platforms and devices like head-mounted displays. For example, the software platform developed by HoloAnatomy is beneficial for medical students in examining human anatomy using mixed reality technology.
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.
Additionally, some of the obstacles to the growth of global mixed reality in the healthcare market are massive investment costs, technological problems, and a low level of awareness across different geographical regions. On the other hand, raising awareness in terms of MR through higher visibility of MR-based solutions & devices and the increasing acceptance of MR technology in healthcare will support the market growth.
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Surgical Centers and Medical Institutes Market by Country in 2019, growing at a CAGR of 56.2 % during the forecast period. The Japan market is showcasing a CAGR of 61.1% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 61.1% during (2020 - 2026).
The Software market dominated the Malaysia Mixed Reality in Healthcare Market by Component in 2019, thereby, achieving a market value of $3,697.2 Thousands by 2026. The Content and Application market is experiencing a CAGR of 62% 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:
- Content and Application
- Patient Care Management
- Surgery and Surgery Simulation
- Medical Training and Education
- Fitness Management
- Other Applications
- Surgical Centers and Medical Institutes
- Other End user
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Medical Realities Ltd.
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