Mixed Reality in Healthcare Market has Improved the Operational Environment

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Mixed reality is a combination of both virtual reality (VR) and augmented reality (AR) by blending the real-life environment with digital elements. This is an emerging technology that has an enormous potential in the healthcare industry. Mixed reality continue to be a manageable force in the field of healthcare with various applications ranging from reducing the use of cadavers in medical student training to post-traumatic stress disorder (PTSD) engagement therapy for patients and pre-operative visualization of brain tumors by reviewing scans in-person using AR.

The implementation of mixed reality (MR) technologies in healthcare industry has improved the operational environment. MR technology uses AR for moving static images to improve an actual experience and VR engages the observer in a simulated 3D environment. Combination of IT solutions in healthcare field has brought transformational changes in the perception of patientsā€™ treatment and services provided by healthcare providers.

Mixed Reality in Healthcare Market – Market Dynamics

Growing demand for digitalization in healthcare sector is a major factor contributing to significant growth of mixed reality in healthcare market. Moreover, the market is expected to witness positive growth with rising prevalence of neurological & psychological disorders across the world. According to National Alliance on Mental Illness (NAMI) around 43.8 million, that is nearly 18.5% of the total adult population of the U.S., experienced mental illness in 2015, which is 1 in 5 adults in U.S. In addition, over 42 million American adults were suffering from anxiety disorders in 2015.

Moreover, rising awareness for use of MR technology in the applications of patient care management has supported growth of the market. For instance, the Autism Glass Project at Stanford University are developing a wearable behavioral aid that improves the verbal and non-verbal communication among patients. Autism glass application uses Google Glasses to identify facial expressions and give social indications that is linked to facial expressions.

Mixed Reality in Healthcare Market – Regional Insights

On the basis of geography, mixed reality in healthcare market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the mixed reality in healthcare market during the forecast period. The U.S. dominates the market in this region due to continuous technological advancements, and well developed healthcare infrastructure. Moreover, high adoption rate of technologically advanced products has fuelled growth of the market in this region.

Mixed Reality in Healthcare Market – Competitive Landscape

Key players operating in the mixed reality in healthcare market include Atheer, Augmedix, Daqri, Echopixel, Firsthand Technology, Medical Realities, Microsoft, Mindmaze, Oculus VR, Orca Health, Osso VR, Osterhout Design Group, Psious, Samsung Electronics, Start-Up Ecosystem, Surgical Theatre, and Widerun.

Growing technological development in the field of mixed reality encourages new companies in the healthcare industry to adopt proficient software-enabled solutions. Moreover, new product launches, rising funding for R&D, and mergers and acquisitions are some dynamic strategies opted by the prominent players to capture a reasonable amount of share and maintain its business presence in the global market.

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About Author

Curt Reaves started working for Plains Gazette in 2016. Curt grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. He has been a proud Texan for the past 5 years. Curt covers politics and the economy. Previously he wrote for the Washington City Paper, The Hill newspaper, Slate Magazine, and ABCNews.com.