Healthcare in Metaverse Market is Expected to Reach Staggering Market Value by 2030

According to MRFR analysis, the Healthcare in Metaverse Market is expected to register a CAGR of 48.3% from 2022 to 2030 and hold a value of over USD 5.8 billion by 2030.

The concept of healthcare in the metaverse market refers to the provision of medical services, products, and resources within virtual and augmented reality environments. In the metaverse, users can interact with digital representations of healthcare professionals, access medical information, receive treatment and therapy, and even simulate medical procedures.

As the metaverse market continues to grow, it is expected that the use of virtual and augmented reality technologies in healthcare will become more prevalent, offering new and innovative ways to improve patient outcomes and access to healthcare services.

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The COVID-19 pandemic had a significant impact on the healthcare industry, including the metaverse market. With social distancing and restrictions on physical interactions, virtual and augmented reality technologies have become increasingly important for delivering healthcare services remotely.

Moreover, healthcare providers have started to use virtual and augmented reality for medical training and education, as physical classes and hands-on training have been limited.

Healthcare in Metaverse Industry Key Players

Some of the key Healthcare in Metaverse market players are:

• Novarad Corporation (US)
• GE Healthcare (US)
• Siemens Healthineers (Germany)
• Meta Platforms Inc (US)
• Nvidia Corporation (US)
• Microsoft Corporation (US)
• Roblox Corporation (US)
• Medtronic PLC (Ireland)
• Zimmer Biomet (US)
• Veyond Metaverse (US)
• gameChange VR (UK)

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Regional Analysis

North American region is the largest market for healthcare in the metaverse. The United States and Canada are the major countries driving growth in this region, with a high adoption rate of virtual and augmented reality technologies in healthcare.

The North American market is driven by factors such as a large number of healthcare providers, high healthcare spending, and advanced healthcare infrastructure. The region has a well-established healthcare system and a high level of technological innovation, making it an ideal environment for the growth of the metaverse market in healthcare.

Healthcare in Metaverse Market Segmentation

The Healthcare in Metaverse Market has been segmented into technology, application and end-user.

Based on the technology, the market has been segmented into telemedicine, augmented reality and digital twins.

Based on the application, the healthcare in metaverse market has been segmented into Pre-Operation & Post-Operation Planning, Immersive 3D Training, 3D Lectures and VR Therapy

Based on the end-user, the market has been segmented into hospitals, pharmaceutical and insurance companies.

Industry News

• Surgeons at Mount Sinai are using VR to train for complex surgeries. The surgeons use a VR headset to simulate the operating room and practice their procedures on virtual patients. This allows them to get a feel for the space and the equipment before they perform the surgery on a real patient.
• A company called XRHealth is using VR to treat patients with chronic pain. Patients wear a VR headset and watch videos that are designed to distract them from their pain. The videos are often nature scenes or relaxing images.
• A company called Virta Health is using VR to help patients with diabetes manage their condition. Patients use a VR headset to learn about diabetes and how to manage their blood sugar levels. They also use the headset to participate in group therapy sessions with other patients.
• A company called Limbitless Solutions is using 3D printing and VR to create prosthetic limbs for children. The company uses a 3D scanner to create a model of the child’s arm or leg. Then, they use a VR headset to help the child design their own prosthetic limb.
• A company called Google Health is working on a project called Project Baseline. Project Baseline is a study that is using VR to collect data on the health of people over time. The data will be used to develop new ways to prevent and treat diseases.

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