Metaverse in the healthcare market
Healthcare market metaverse to be worth $71.2 billion by 2030 – Exclusive report by InsightAce Analytic Pvt. Ltd.
InsightAce Analytic Pvt. Ltd. is a company related to “Metaverse (components (software, hardware), technologies (AR, VR, AI, MR), devices (VR headsets, AR devices, mixed reality platforms)) in the healthcare market”. Announced the release of the market evaluation report. -Users (Medical Training and Education Modules, Diagnosis, Treatment, Operating Room Design, Surgical Training, Remote Monitoring, etc.)) Trends, Industry Competitive Analysis, Revenue and Forecast 2030. ”
According to InsightAce Analytic's latest research, the global metaverse in healthcare market was worth USD 5.06 billion in 2021, growing at a compound annual growth rate (CAGR) of 34.8% from 2022 to 2030, reaching 719. It is expected to reach USD 70 million. In 2021, North America held a significant market share and dominated the market by region.
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The metaverse (an emerging concept) will add many new dimensions as major social players integrate various aspects of virtual reality and immersive experiences. This will be a great tool in the healthcare industry to educate, empower and provide a happy experience for patients and healthcare professionals. As the Metaverse brings together AI, virtual reality, augmented reality, the Internet of Medical Devices, Web 3.0, intelligent cloud, edge and quantum computing, and robots, its impact on healthcare transformation cannot be underestimated. Augmented reality is about to revolutionize patient care with humorous headgear and sci-fi excursions. Robotics is already being used in surgical procedures, so augmented reality will soon be used for complex surgeries. Doctors and specialists use virtual reality to instruct other doctors and medical staff.
The expansion of the Metaverse in the healthcare industry will be fueled by the growing use of AR platforms to perform complex surgical procedures with greater precision and versatility. Increasing partnerships among large companies to develop AR and VR solutions to enhance the overall surgical environment, as well as increased investments to create Metaverse platforms that will revolutionize the medical industry, are also expected to boost the market revenue in the coming years. This is an important factor that is expected to promote More and more companies are investing heavily in digital healthcare platforms to improve the telemedicine experience, accelerate the transition to virtual reality, and enhance other healthcare services through augmented reality.
Metaverse challenges in the healthcare market include patient data privacy, the high cost of high-tech hardware and gadgets, and the increasing costs of increasingly sophisticated digital healthcare infrastructure.
North America is expected to lead the way during the forecast period. The region's metaverse-focused business concentration, rapid improvements in healthcare infrastructure, integration of AR and VR platforms and devices in the healthcare industry, increased investment in AR products and applications, and changes in hardware and software. All this is due to this.
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Prominent market players are Intuitive Surgical Inc., 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., Intuitive Surgical Inc., Koninklijke Philips NV, Medical Realities Ltd., MindMaze SA, Oodles Technologies, Siemens AG, Sky Gate, UnitedHealth Group Inc. , Wipro Ltd., WorldViz Inc.
Main developments in the market
• In April 2022, Meta Platforms spent $10 billion to build Metaverse 2021. The company is building the world's fastest supercomputer to accelerate Metaverse-related workloads, with completion expected by the end of 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 announced that it is currently testing ways for creators and developers to sell virtual items and experiences within the 3D world of the Metaverse.
• In March 2022, ventyn enters the medical metaverse with its 8chili HintVR virtual reality platform for care coordination innovation. Artificial intelligence virtual reality platform combined with 3D content and digital medical application capabilities enables virtual training, patient engagement, education, and health coaching
• In February 2022, Apollo Hospitals will expand into the Metaverse in collaboration with 8chili Inc. This initiative enables patient counseling in virtual reality and helps improve patient outcomes. The industry will also engage users in activities via virtual reality to encourage the ability to control emotions. This individualized approach to each patient contributes to increased patient satisfaction.
• In November 2021, new features were introduced by Microsoft. This feature combines the mixed reality capabilities of Microsoft Mesh. This feature allows people in different physical locations to participate in a collaborative, shared holographic experience using Microsoft Teams productivity tools. This allows people to participate in virtual meetings, send chats, collaborate on shared documents, and more.
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market segment
Global Metaverse in Healthcare Market, by Component, 2022-2030 (Amount in USD Million)
• Software
• Hardware
Metaverse in Healthcare Market, by Technology, 2022-2030 (Amount USD Million)
•AR
• VR
• A.I.
• Mr
Metaverse in Healthcare Market by Device, 2022-2030 (Value USD Million)
• VR headset
• AR device
• Mixed reality platform
Metaverse in Healthcare Market by End User, 2022-2030 (Amount USD Million)
• Medical training and education modules
• diagnosis
• process
• OR design
• Surgical training
• Remote monitoring
• others
Healthcare Market Metaverse by Region, 2022-2030 (Amount in USD Million)
• North America
• Europe
• Asia Pacific region
• latin america
• Middle East and Africa
North American healthcare market metaverse by country, 2022-2030 (US$ million)
• we
• Canada
European healthcare market metaverse by country, 2022-2030 (US$ million)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia-Pacific healthcare market metaverse by country, 2022-2030 (US$ million)
• India
• China
• Japan
• South Korea
• Australia and New Zealand
Latin America healthcare market metaverse by country, 2022-2030 (US$ million)
• Brazil
• Mexico
• Rest of Latin America
Middle East and Africa Metaverse of Healthcare Market by Country, 2022-2030 (Amount USD Million)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
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