LAMEA 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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The Latin America, Middle East and Africa Mixed Reality in Healthcare Market would witness market growth of 58.8% CAGR during the forecast period (2020-2026). The growth of the mixed reality in healthcare is driven by the growing acceptance of mixed reality in several training processes.
The healthcare industry constantly demands skilled nurses & doctors, mixed reality offers simulations & virtual situations that are very rare & particular and very hard to manage in medical centers that provided numerous possibilities to train nurses before the real surgery. During this technology-driven era, various institutes are coming into partnership with the technology vendors to integrate mixed reality in their education framework.
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. 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.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Hardware Market by Country in 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 60.9% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 59.5% during (2020 - 2026).
The Patient Care Management market dominated the South Africa Mixed Reality in Healthcare Market by Application in 2019, thereby, achieving a market value of $3,613.2 Million by 2026. The Surgery and Surgery Simulation market is showcasing a CAGR of 59.7% during (2020 - 2026). Additionally, The Medical Training and Education market would experience highest CAGR of 60.4% 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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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