Experts anticipate a startling development trajectory for the healthcare sector, which is embracing the metaverse. The market is expected to grow to an enormous $500 billion by 2033, driven by developments in telemedicine, surgical training, and even cutting-edge operations.
A number of research organizations, including Towards Healthcare, Research and Market, and Spherical Insights, have revealed that Metaverse is significantly elevating the healthcare industry to new heights.The global market for Metaverse healthcare was estimated to be worth between $8.97 billion and $10.5 billion in 2023.
The initiative has garnered positive feedback from analysts, who predict that the market will reach $80 billion to $100 billion or more by 2033.
The use of telemedicine was greatly accelerated by the COVID-19 epidemic, as seen by the sharp increase in usage from 11% to 76% in the US alone. Metaverse technology has the potential to completely transform how people receive consultations and use virtual clinics as distant interactions become more commonplace.
In terms of hardware improvements, augmented reality (AR) is leading the way. Using real-time information overlays, AR tools enable surgeons to plan and navigate treatments more accurately and efficiently in the operating room.
Tech behemoths like Google, Nvidia, Microsoft, and Meta are collaborating with healthcare organizations to make significant investments in metaverse healthcare solutions. Their participation suggests that they have a great faith in the technology’s ability to revolutionize the sector.
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