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Report Highlights:
- Metaverse in healthcare market is valued at USD 8.29 billion in 2022.
- Telemedicine’s integration into the metaverse catalyses a revolutionary transformation in healthcare markets.
- The impediment of high technology cost in healthcare metaverse growth.
- Broadening connectivity for collaboration with various fields creates an opportunity in the metaverse in healthcare market.
- North America’s dominance in the market is attributed to the greatest healthcare expenditure and developed healthcare infrastructure.
According to a recent metaverse poll, 66% of US corporate executives actively engage with the metaverse, and 82% expect it to be an aspect of “business as usual” within the next three years or shorter.
The metaverse is a platform for integrating the virtual and physical worlds. It allows people to interact with their models in a virtual reality, augmented reality, mixed reality, blockchain, digital twins, and artificial intelligence (AI) environment that is enhanced by virtually limitless data. The metaverse, which was first introduced as a social media entertainment platform, has the potential to significantly influence clinical practice and public health in the healthcare industry. As a team of researchers from academia, business, medicine, and regulation, we recognize particular chances for metaverse methods in healthcare. A metaverse of “medical technology and AI” (MeTAI) can help develop, prototype, assess, regulate, translate, and improve AI-based medical practice, notably Medical Imaging-guided diagnosis and therapy.
The ongoing development of metaverse-compatible technologies has also demonstrated the potential to completely transform this approach to clinical skills training. Students may have rare opportunities to practice history and physical skills, complex clinical cases, and significant ethical issues in a low-stakes, safe environment through the simulation of virtual environments. The effectiveness of virtual reality (VR) in teaching clinical skills competency to nurses has also been extensively studied. These studies suggest a remarkable potential for supplementing medical education, which warrants further investigation to develop a more thorough understanding of its implications.
For Instance,
- In 2021, Microsoft HoloLens 2x Healthcare was launched to enhance patient treatment by reducing time-to-care. Having HoloLens 2, health practitioners can interact with distant specialists, access patient data, and expand further X-rays to study MRI scans in 3D at the point of care. NHS reduced ward rounds by 30% with the help of HoloLens 2x.
- As per the CNBC news, Apple is gearing up to enter the virtual reality market, targeting the higher end users with 3,500 Vision Pro, which is expected to debut early next year. Meta Quest 3 is set to be released as soon as.
Applications of virtual reality education may be explored as early as the 1st year of medical school when preclinical education covers basic subjects like anatomy, radiology, and more. Universities have been known to use AR and VR technology as extra teaching aids for medical anatomy, with encouraging results. Additionally, more research has been done on applying these tools in radiology education.
Creating Value with Metaverse Technologies
Metaverse technologies offer numerous benefits for health care companies, including:
- Improving Access to Care: Connecting patients and providers regardless of their locations.
- Enhancing Diagnostics and Surgery: Utilizing advanced technologies to improve accuracy and quality.
- Reducing Costs: Lowering expenses in care delivery, medical training, and data management.
- Innovative Data Management: Offering new ways to store, share, and access patient, claims, and provider data.
- Enhancing Patient Experience: Improving patient and insurance member experiences and providing new revenue streams.
- Streamlining Operations: Reducing operational costs in areas like recruitment, training, and payments.
Metaverse in Healthcare Market Companies
- PlushCare
- Intuitive Surgical Inc.
- Siemens Healthineers
- BioFlight VR
- Novarad Corporation
- Microsoft Corporation
- GE Healthcare
- Veyond Metaverse
- gameChange VR
- Medtronic PLC
Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/metaverse-in-healthcare-market-size
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Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.
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