Press release
Metaverse in Healthcare Market Study Analysis with Forecast to 2031
The Global Metaverse in Healthcare Market Size is valued a 6.57 billion in 2022 and is predicted to reach 71.6 billion by the year 2030 at an 35.4% CAGR during the forecast period for 2023-2030.
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The Metaverse will acquire many new dimensions as influential social actors combine various virtual reality and immersive experience components. It will be an excellent tool for educating, empowering, and providing patients and providers with blissful experiences. Incorporating AI, Virtual Reality, Augmented Reality, the Internet of Medical Devices, Web 3.0, intelligent cloud, edge and quantum computing, as well as robotics, the impact of the Metaverse on healthcare cannot be overstated. The world of augmented reality is prepared to transform patient medical experiences with its humorous-looking apparatus and futuristic diversions. As robotics has already been utilized in surgical procedures, complex surgical procedures will soon incorporate augmented reality. Physicians and experts use virtual reality to train other physicians and medical personnel.
Utilizing augmented reality platforms to perform complex surgical procedures with greater precision and adaptability will contribute to the Metaverse's healthcare market share expansion. Increasing collaborations between significant companies to develop AR and VR solutions to improve the surgical environment and rising investments in the creation of metaverse platforms to revolutionize the healthcare industry are anticipated to contribute significantly to market revenue in the coming years. Numerous businesses invest heavily in digital healthcare platforms to improve telemedicine experiences, accelerate the transition to virtual reality, and enhance other medical services through augmented reality.
In the healthcare market, the Metaverse confronts obstacles such as the confidentiality of patient data, the high cost of high-tech devices and hardware, and the escalating price of more advanced digital healthcare infrastructure.
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Due to the region's strong presence of metaverse-focused companies, accelerated advancements in healthcare infrastructure, integration of AR and VR devices and platforms in the healthcare sector, increased investment in AR products and applications, and software and hardware upgrades, North America is expected to lead the forecast period.
CableLabs, Microsoft, Google LLC, Meta Platforms, Inc., 8chilli, Inc., Global Healthcare Academy, 3D Systems Corp., AccuVein Inc., BioflightVR, CAE Inc., Devden Creative Solutions Pvt. Ltd., Dhi Tattva Solutions Pvt. Ltd., Eon Reality Inc., ImmersiveTouch Inc., and Intuitive Surgical Inc.
Key Developments in the market
• In Apr 2022, Meta Platforms spent $10 billion to build the Metaverse 2021. The company is building the world's fastest supercomputer to accelerate metaverse-related workloads, with completion expected by the year. Meta Platforms appears to have taken a significant step toward monetizing the Metaverse with its Horizon Worlds virtual reality social platform. The company has announced that it is now testing a method for creators and developers to sell virtual items and experiences within the Metaverse's three-dimensional worlds.
• In Mar 2022, ventyn Enters the Health Metaverse With 8chili HintVR Virtual Reality Platform for Innovations in Care Coordination. Artificial Intelligence Virtual Reality platforms combined with the power of 3D content and digital health applications enable virtual training, patient engagement, education and health coaching
• In Feb2022, Apollo Hospitals collaborate with 8chili Inc to foray into the Metaverse. The initiative will enable patient counselling in virtual reality and help increase patient outcomes. The industry will also occupy the users in virtual reality-mediated activities to encourage their abilities to regulate emotion. This personalized approach to each patient will contribute to increased patient satisfaction.
• In Nov 2021, A new feature was introduced by Microsoft. The feature combines Microsoft Mesh's mixed-reality capabilities. This feature allows people in different physical locations to join collaborative and shared holographic experiences with Microsoft Teams' productivity tools. It lets people join virtual meetings, send chats, collaborate on shared documents, etc.
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Market Segments
Global Metaverse in Healthcare Market, by Component, 2022-2030 (Value US$ Mn)
• Software
• Hardware
Global Metaverse in Healthcare Market, by Technology, 2022-2030 (Value US$ Mn)
• AR
• VR
• AI
• MR
Global Metaverse in Healthcare Market by Device, 2022-2030 (Value US$ Mn)
• VR Headsets
• AR Devices
• Mixed Reality Platforms
Global Metaverse in Healthcare Market by End-User, 2022-2030 (Value US$ Mn)
• Medical Training & Education Modules
• Diagnosis
• Treatment
• Designing ORs
• Surgical Training
• Remote Monitoring
• Others
Global Metaverse in Healthcare Market by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Metaverse in Healthcare Market by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Metaverse in Healthcare Market by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Metaverse in Healthcare Market by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Metaverse in Healthcare Market by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Metaverse in Healthcare Market by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of the Middle East & Africa
Other Related Reports Published by InsightAce Analytic:
Global Big Data in Healthcare Market
Global Voice Technology in Healthcare Market
Global AI-Based Clinical Trial Solution Providers Market
Why should buy this report:
To receive a comprehensive analysis of the prospects for the Metaverse in the Healthcare Market
To receive an industry overview and future trends of the Metaverse in the Healthcare Market
To analyze the Metaverse in Healthcare Market drivers and challenges
To get information on the Metaverse in Healthcare Market Size (Value US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Metaverse in Healthcare Market industry
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