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The mixed reality in healthcare market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of 50%, as per The Business Research Company’s market report!

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The Mixed Reality In Healthcare Market Size In 2022 And Forecast

The global mixed reality in healthcare market is expected to grow from $0.20 billion in 2021 to $0.30 billion in 2022 at a compound annual growth rate (CAGR) of 50.1%. The global mixed reality in the healthcare market size is expected to grow to $1.53 billion in 2026 at a CAGR of 50%.

The mixed reality in the healthcare market consists of sales of mixed reality products and services by entities (organizations, sole traders, and partnerships) that are used for visualizing, diagnosing, and providing patient care through remote locations, performing surgeries, and learning surgical operations and others.

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Increase In Older Population Is Driving The Growth Of The Mixed Reality In Healthcare Market

For instance, in 2020, according to the Department of Economic and Social Affairs, a US-based intergovernmental organization, the elderly population aged 65 and above was estimated at 727 million in 2020 and is projected to double by 2050, reaching 1.5 billion people. Therefore, the rising elderly population is driving the growth of the mixed reality in the healthcare market.

Competitive Landscape And The Regional Analysis Of The Mixed Reality In Healthcare Market

Major players in the mixed reality in healthcare market are Atheer Inc., Daqri, EchoPixel Inc., Firsthand Technology Inc., Microsoft Corporation, Oculus, HTC Corporation, Samsung, Surgical Theater Inc., Osso VR Inc., Medical Realities Ltd, Augmedix, Google LLC, MindMaze, Facebook Inc., and ThirdEye.

Additionally, as per TBRC’s research – North America was the largest region in the mixed reality in healthcare market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Mixed Reality In Healthcare Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mixed reality in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the mixed reality in healthcare market.

Technological Advancement – A Key Trend In The Mixed Reality In Healthcare Market

Major companies operating in the mixed reality of the healthcare market are focused on developing new technological solutions to strengthen their position.

Mixed Reality In Healthcare Market Segmentation By The Business Research Company

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, Others

4) By End-Users: Hospital, Surgical Centers and Medical Institutes, Others

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