How has the Growth Been on the Mixed Reality in Healthcare Market?
The market size of mixed reality in healthcare has grown exponentially in recent years progressing from $0.71 billion in 2024 to a projected $1.08 billion in 2025, indicating a compound annual growth rate (CAGR) of 51.3%. The growth can be attributed to enhanced medical training, patient education, rehabilitation and physical therapy, and chronic disease management, amongst others. The market is expected to confirm further growth, proliferating to $7.28 billion in 2029 at a CAGR of 61.2%. The forecast period will witness growth due to global health initiatives, regulatory frameworks, holographic telemedicine, workflow optimization, and remote consultations.
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What are the Key Growth Drivers of the Mixed Reality in Healthcare Market?
Increasing population of elderly individuals is a major driver propelling the mixed reality in healthcare market. The elderly population, being prone to numerous ailments and diseases that require surgery, benefit from the use of mixed reality as it allows surgeons to visualize a patient’s anatomy alongside their MRI and CT scan data. For instance, in the United States, more than 56 million adults aged 65 and up accounting for around 16.9% of the total population. This demographic is expected to increase to 73.1 million by 2030, furthering the demand for mixed reality in healthcare.
Major Segments in the Mixed Reality in Healthcare Market Include:
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
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Which Companies Are Dominating the Mixed Reality in Healthcare Market?
Companies like Atheer Inc., Daqri Ltd., EchoPixel Inc., Firsthand Technology Inc., and Microsoft Corporation are amongst the major companies that are considered to be the movers and shakers in the mixed reality in healthcare market. Other notable entities include Oculus Labs, HTC Corporation, Samsung Electronics Co. Ltd., Surgical Theater Inc., and Osso VR Inc.
What are the Emerging Trends in the Mixed Reality in Healthcare Market?
Technological advancements are a primary trend gaining traction in the mixed reality in healthcare market. An example comes from Apollo Hospitals Group, an India-based healthcare company, which is collaborating with 8chili Inc. to facilitate patient participation in the metaverse for improved counseling before and after surgery.
Which Region is Witnessing a Significant Growth in the Mixed Reality in Healthcare Market?
North America takes the lead as the largest region in the mixed reality in healthcare market as of 2024. However, the forecast period suggests a strong growth curve for the Asia-Pacific region, setting it up to be the fastest-growing region.
What Does The Mixed Reality in Healthcare Market Report 2025 Offer?
Mixed reality in healthcare is an amalgamation of augmented and virtual reality, used in the medical field to expedite diagnoses, enhance access to healthcare, minimize infection transmission, educate, and improve overall healthcare outcomes. The Mixed Reality in Healthcare Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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