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Metaverse In Healthcare Global market Report 2024 – Market Size, Trends, And Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 25, 2024 /EINPresswire / -- The metaverse in healthcare market has experienced robust growth in recent years, expanding from $10.28 billion in 2023 to $13.79 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to increased emphasis on medical training and simulation, rise in telemedicine and virtual consultations, enhanced patient engagement and education, incorporation of gamification in healthcare, global health crisis response.
What Is The Estimated Market Size Of The Global Metaverse In Healthcare Market And Its Annual Growth Rate?
The metaverse in healthcare market is projected to continue its strong growth, reaching $44.44 billion in 2028 at a compound annual growth rate (CAGR) of 34.0%. The growth in the forecast period can be attributed to expansion of virtual clinical trials, development of virtual therapeutics, focus on accessibility and inclusivity, personalized healthcare experiences, market penetration in developing regions.
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Growth Driver Of The Metaverse In Healthcare Market
The expanding popularity of telemedicine is expected to propel the growth of global healthcare in the metaverse market going forward. Telemedicine can deliver precise and prompt healthcare suggestions that were previously sought by a doctor. In order to stop infections from spreading in waiting rooms during pandemics, telemedicine can be of crucial relevance, as a result, there is an increasing demand for metaverse technologies in telemedicine.
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Which Market Players Are Driving the Metaverse In Healthcare Market Growth?
Key players in the market include Brainlab AG, PlushCare, BioFlight VR, Siemens Healthineers, Meta Platforms Inc., Novarad Corporation, Nvidia Corporation, Microsoft Corporation, Roblox Corporation, GE Healthcare, Medtronic PLC, Google LLC, Wipro Ltd., Global Healthcare Academy, 3D Systems Corp., AccuVein Inc., Vuzix, Magic Leap, zSpace Inc., VirtaMed, Virtually Better, EchoPixel Inc., InfiVR, Intuitive Surgical Inc., CableLabs, Augmedics, Immersive Touch, Chill Inc., Medical Realities Ltd., Sesame Care, Aimedis B.V., ARBREA LABS, Veyond Metaverse, GameChange VR.
What Are the Emerging Trends Shaping the Metaverse In Healthcare Market Overview?
Major companies operating in the metaverse in healthcare market are increasing their focus on introducing personalized virtual features to gain a competitive edge in the market. Personalized virtual features refer to customized and individualized elements within a virtual environment or digital platform.
How Is The Global Metaverse In Healthcare Market Segmented?
1) By Component: Software, Hardware
2) By Technology: Augmented Reality(AR), Virtual Reality(VR), Artificial Intelligence(AI), Mixed Reality(MR)
3) By Device: VR Headsets, AR Devices, Mixed Reality Platforms
4) By End-User: Medical Training And Education Modules, Diagnosis, Treatment, Designing ORs, Surgical Training, Remote Monitoring, Others
Geographical Insights: North America Leading The Metaverse In Healthcare Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Metaverse In Healthcare Market Definition
The metaverse in the healthcare market refers to the use of emerging technologies such as virtual and augmented reality to facilitate research and development capabilities pertaining to drug manufacturing processes, bring about technology improvements in the realm of mental health, and assist healthcare facilities in overcoming geographical limits. They can also promote scans and tests that can be performed in a facility local to the patient, with the data being sent to a specialist anywhere in the world.
Metaverse In Healthcare Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global metaverse in healthcare market report covering trends, opportunities, strategies, and more
The Metaverse In Healthcare Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on metaverse in healthcare market size, metaverse in healthcare market drivers and trends and metaverse in healthcare market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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