Metaverse in Healthcare Market Assessment worth $ 71.2 Billion by 2030 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Metaverse in Healthcare Market- by Component (Software and Hardware) Technology (Augmented Reality (AR), Virtual Reality(VR), Artificial Intelligence(AI), and Mixed Reality(MR)), Devices (VR Headsets, AR Devices, and Mixed Reality Platforms), End-Users (Medical Training & Education Modules, Diagnosis, Designing ORs, Treatment, Surgical Training, Remote Monitoring, and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2030.”
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The global Metaverse in the healthcare market is estimated to be worth US$ 5.06 billion in 2021. It is projected to grow to US$ 71.2 billion by 2030, with a compound annual growth rate (CAGR) of 34.8% between 2022 and 2030,
according to the most recent research by InsightAce Analytic. The idea of the Metaverse is still relatively new. Still, as major social players integrate different facets of virtual reality and immersive experiences, it will soon take on many additional dimensions. It will be a great learning tool and empowerment source for patients and healthcare professionals.
The Metaverse, with its combination of virtual reality, augmented reality, AI, edge and quantum computing, IoM, Web 3.0, intelligent cloud, and robotics, has enormous implications for the advancement of healthcare. With its silly goggles and science fantasy asides, augmented reality has the potential to change how patients communicate with medical practitioners entirely. The Metaverse will grow in the healthcare industry as more complex surgical procedures are performed with AR platforms with greater accuracy and flexibility.
Two more critical factors expected to significantly impact market revenue in the coming years are the growing collaborations between significant corporations to develop AR and VR solutions to improve the general surgical environment and the rapidly increasing investment to create metaverse platforms to transform the healthcare sector. Several businesses make significant investments in digital healthcare platforms to improve telemedicine experiences, expedite the shift to virtual reality, and supplement other medical services through augmented reality.
Patient data privacy, the exorbitant expense of high-tech equipment, and the rising cost of more sophisticated digital healthcare infrastructure are challenges facing the Metaverse in the healthcare industry. Over the forecast years, North America is expected to be the primary contributor to the Metaverse in the healthcare industry. The reason for this is the region’s high concentration of businesses focused on the Metaverse, the speed at which healthcare infrastructure is developing, how AR and VR platforms are being incorporated into the healthcare industry, the growth in investments in AR products and services, and the developments in software and hardware.
Furthermore, it is anticipated that during the projected period, the healthcare market in Asia Pacific will grow considerably in the Metaverse. Because more people are combining their digital and real worlds through the internet and other technologies, the Asia-Pacific metaverse market is anticipated to grow at the quickest rate.
Mixed reality (MR) is gaining traction as a tool to enhance the application of in-demand skills across various industries in China, Japan, and India. Here are some of the leading players driving this trend:
BioflightVR
CAE Inc.
Devden Creative Solutions Pvt. Ltd.
Dhi Tattva Solutions Pvt. Ltd.
Eon Reality Inc.
Intuitive Surgical Inc.
CableLabs
Microsoft
Google LLC
Meta Platforms, Inc.
8chilli, Inc.
Global Healthcare Academy
3D Systems Corp.
AccuVein Inc.
ImmersiveTouch Inc.
Koninklijke Philips NV
Medical Realities Ltd.
MindMaze SA
Oodles Technologies
Siemens AG
Sky gate
UnitedHealth Group Inc.
Wipro Ltd.
WorldViz Inc.
are some of the major market players operating in the Metaverse in the healthcare sector.
Recent collaborations and agreements in the market:
• In April 2022, Building the Metaverse 2021 will cost $10 billion, according to Meta Platforms. To speed up tasks relating to the Metaverse, the business is now creating the fastest supercomputer in the world. With its virtual reality social platform Horizon Worlds, Meta Platforms looks to have made substantial progress toward monetizing the Metaverse. The business has revealed that it is currently testing a way for creators and developers to sell virtual goods and experiences inside the three-dimensional realms of the Metaverse.
• In March 2022, Ventyn joined the health metaverse with the 8chili HintVR VR platform for improvements in care coordination. Artificial intelligence, when paired with the power of 3D content and digital health apps, virtual reality platforms provide virtual training, patient engagement, education, and health coaching.
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Market Segments
Global Metaverse in Healthcare Market, by Component, 2022-2030 (Value US$ Mn)
• Software
• Hardware
Global Metaverse in Healthcare Market, by Technology, 2022-2030 (Value US$ Mn)
• Augmented Reality (AR)
• Virtual Reality(VR)
• Artificial Intelligence(AI)
• Mixed Reality(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
Middle East & Africa Metaverse in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Metaverse in Healthcare market
To receive an industry overview and future trends of the Metaverse in Healthcare market
To analyze the Metaverse in Healthcare market drivers and challenges
To get information on the Metaverse in Healthcare market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Metaverse in Healthcare market industry
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