Europe 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 Europe Mixed Reality in Healthcare Market would witness market growth of 56.7% CAGR during the forecast period (2020-2026). Using mixed reality, surgeons become capable of conducting an operation even on a person who is miles away. With the help of mixed reality, nurses become empowered to polish their skills and conduct numerous operations in a virtual manner without even touching a patient.
This emerging technology is making possible what was earlier impossible. Mixed reality integrated the actual world with the virtual to develop solutions that were impossible previously. In the healthcare domain, this technology plays a critical role and allows efficient collaborations between physical and digital objects.
Some of the major factors that are contributing to the growth of the mixed reality in the healthcare market are rising awareness with respect to the usage of mixed reality (MR) technology in surgical & other processes and increasing acceptance of MR in medical training processes. Additionally, the market growth is also fueled by a rise in the number of R&D activities showing the utilization of MR in specific medical conditions like pain management and mental health. Moreover, some other aspects that boost the market growth are technological developments in the domain of mixed reality that are beneficial in expanding the productivity of the surgical procedures and cutting down the number of human mistakes.
The productivity of surgeons and patient’s outcomes can be enhanced by the high utilization of these technologies. Additionally, the growth of the mixed reality in the healthcare market is fueled by the presence of complicated healthcare infrastructure, rising patient awareness, and the adoption of mixed reality. Moreover, an increment in the number of R&D activities for the creation of MR-based solutions for the usage in several medical conditions in various geographies is expected to fuel 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Medical Training and Education Market by Country in 2019, growing at a CAGR of 56 % during the forecast period. The UK market is exhibiting a CAGR of 55.5% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 59% during (2020 - 2026).
The Hospital market dominated the Spain Mixed Reality in Healthcare Market by End User in 2019, thereby, achieving a market value of $7,734.8 Thousands by 2026. The Surgical Centers and Medical Institutes market is experiencing a CAGR of 58.2% during (2020 - 2026). The Other End-users market is expected to witness a CAGR of 60% 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
- Rest of Europe
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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