Metaverse in Healthcare Market Size, Global Demand and Future Outlook 2028 | Emergen Research

June 21 14:42 2022
Metaverse in Healthcare Market Size, Global Demand and Future Outlook 2028 | Emergen Research
Emergen Research | Metaverse in Healthcare Market
Rapid integration of AR and VR in healthcare to improve efficiency of medical equipment and perform complex surgical procedures, development of virtual surgical suites to facilitate easy communication, and increasing investment to develop metaverse platforms for healthcare are some factors expected to drive market growth

Market Dynamics:

Metaverse has the potential to become a crucial tool in healthcare sector and can help in patients’ treatment history, clinical practice, medical simulation, and medical education. Medical metaverse can revolutionize healthcare sector by seamlessly integrating with the existing and emerging technologies such as telehealth and digital therapeutics. Rapid integration of technologies such as augmented reality, virtual reality, and artificial intelligence in healthcare sector to improve efficiency of medical devices, enhance patient communication and care, and for medical and surgical training is a key factor expected to drive market revenue growth over the forecast period. In addition, increasing use of AR and VR in healthcare sector for effective fight against COVID-19 pandemic has further contributed to revenue growth of the market and is expected to continue to do so going ahead.

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The extensive survey on the Metaverse in Healthcare market further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Metaverse in Healthcare market the report interprets critical information through tables, infographics, and charts.

The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Metaverse in Healthcare market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Metaverse in Healthcare market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

North America to Account for Largest Revenue Share:

North America is expected to account for the largest revenue share in the global over the forecast period attributable to increasing advancements in healthcare infrastructure, rapid integration of AR and VR devices in healthcare sector, technological advancements in AR and VR, and robust presence of metaverse-focused companies in the region.

Major Companies in the Market Include:

  • Intuitive Surgical
  • CableLabs
  • AccuVein
  • Microsoft
  • Google LLC
  • Meta Platforms, Inc.
  • 8chilli, Inc.
  • Global Healthcare Academy

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Furthermore, the report provides a comprehensive overview of the Metaverse in Healthcare market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

For the purpose of this report, Emergen Research has segmented the global metaverse in healthcare market on the basis of component, technology, device, end use, and region:

Component Outlook (Revenue, USD Billion; 2018-2028)

  • Hardware
  • Software

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Virtual Reality
  • Augmented Reality
  • Mixed Reality
  • Artificial Intelligence

Device Outlook (Revenue, USD Billion; 2018-2028)

  • VR Headsets
  • AR Devices
  • Mixed Reality Platforms

End Use Outlook (Revenue, USD Billion; 2018-2028)

  • Medical Training & Education Modules
  • Diagnosis
  • Treatment
  • Designing ORs
  • Surgical Training
  • Remote Monitoring
  • Others

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The study further features an aggressive scenario in the Metaverse in Healthcare market with its focus on recent product launches, mergers and acquisitions, new entrants and growing investment pockets. The inclusion of pre-imperative information such as the import and export status, supply chain management, consumption power, investment feasibility and demand and supply aims at enabling the business owners to increase their understanding about the important procedures for development for the forecast period

Hardware Segment to Register Significantly Rapid Revenue Growth Rate:

Hardware segment is expected to register a rapid revenue CAGR over the forecast period attributable rapid advancements in hardware technology, growing adoption of AR devices and VR headsets for surgeries and training, and development of haptic devices to offer more enhanced metaverse-focused sensory experiences.

Medical Training & Education Modules Segment Revenue to Support Market Growth:

Medical training and education modules segment is expected to dominate other end use segments in terms of revenue share over the forecast period. Increasing integration of AR, VR, and MR to explain and perform surgical procedures, increase awareness and improve patient education, enhance surgical accuracy, and to help healthcare professionals understand the mode of action of medical devices and medicines.  

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Key Questions Answered in the Report:

What is the growth rate of the Metaverse in Healthcare market? What is the anticipated market valuation of Metaverse in Healthcare industry by 2028?

What are the key growth driving and restraining factors of the Metaverse in Healthcare market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Metaverse in Healthcare industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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