Global Metaverse in Healthcare Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Global Metaverse in Healthcare Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.
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Global Metaverse in Healthcare Market Dynamics: 2023-2028
Market Dynamics
Key Driver: Proliferating Technologies Such as Digital Twin and Blockchain
Numerous technological advancements benefitting and upgrading the healthcare sector multi-dimensionally drive the market. The rising integration of artificial intelligence, AR, and VR to improve patient experience and facilitate faster communication between doctors and patients is extending the market growth. Likewise, the concept and technology behind digital twins are allowing the collection of vast amounts of patient data and turning it into one file to help suggest therapies and assist the doctor better.
Furthermore, through digital tracking and human body modeling, healthcare is upgrading its administration and treatments fueling the industrial ascension. Similarly, Blockchain is implemented in sensitive data protection and hospital ledger management, extending the industrial flow. Thus, Metaverse providing consistent accuracy and adding quality to healthcare and patient experience adds to the market value.
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Global Metaverse in Healthcare Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Component
-Software
-Hardware
Hardware is expected to acquire the dominant market share in the coming years. It is attributed to the requirement for high-level hardware technology,
By Technology
-Virtual Reality
-Augmented Reality
-Mixed Reality
-Artificial Intelligence
By Device
-VR Devices
-AR Devices
-Mixed Reality Platforms
By Application
-Patient Engagement
-Pre-Operation Post-Operation Planning
-Immersive 3D Training
-3D Lectures
-VR Therapy
-Remote Monitoring
By End User
-Hospitals
-Pharmaceuticals
-Insurance Companies
By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia-Pacific.
Globally, North America dominated the industry in the historical period and is projected to follow the same trend and secure the largest market share in the forecasting period.
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Top Companies Operating in the Global Metaverse in Healthcare Market:
Brainlab, 8chilli, Inc., Novarad Corporation, ImmersiveTouch, Inc., Medical Realities Ltd., EON Reality Inc., Roblox Corporation, Microsoft Corporation, Nvidia Corporation, Siemens Healthineers, Zimmer Biomet, GE Healthcare, GameChangeVR, BioFlight VR, Veyond Metaverse, Others.
Recent Developments in the Global Metaverse in Healthcare Market
- In February 2022, Apollo Hospitals collaborated with 8 chilli, Inc. to foray into the metaverse by enabling patient counseling in virtual reality and helping increase patient outcomes.
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