By Pradip Shitole

• Metaverse applications in healthcare can significantly improve patient outcomes by introducing new channels for delivering cost-effective treatment
• MRFR expects global healthcare in metaverse to reach $5,373 Mn by 2030, growing at 48.3% CAGR during 2024-2030
• Metaverse is likely to change the paradigm of the healthcare system, improving surgical precision, therapeutic usage and more

Despite being in its early stages, the metaverse is constantly developing. The technology, which combines Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and web 3.0 technologies, has enormous potential in healthcare. The Internet of Medical Devices, quantum computing, and robotics are all poised to completely transform the healthcare ecosystem. Metaverse is likely to change the paradigm of the healthcare system, improving surgical precision, therapeutic usage, and more.

Major healthcare companies and hospital chains are increasingly joining the virtual world of the metaverse to improve patient care. MRFR expects the global healthcare in metaverse market to reach $5,373 Mn by 2030, expanding at a massive 48.3% CAGR from 2024 to 2030, citing that many patients have also joined or are considering joining this virtual space.

Health information technology has been shown to improve healthcare quality and safety. Metaverse applications in healthcare can significantly improve patient outcomes by opening up completely new channels for delivering cost-effective treatments. Metaverse can be a great tool for healthcare professionals, allowing remote monitoring and telemedicine for geographically limited patients. 

How Metaverse Is Reinventing Healthcare

Metaverse promotes health 4.0 by combining AI, AR, and VR, improving patient safety outcomes, and allowing patients to interact and gain a clear understanding of their health condition. It is essentially the next version of the internet that uses AI, AR, VR, and ever-increasing connectivity such as 5G networks to create more immersive, interactive, and experiential online environments.

Since the metaverse will be the mode of online interaction in the future, it is considered one of the key technologies that would expand the serviceable area to a wider patent base globally, adding newer services and service delivery and payment models. As a result, this technology is expected to gain significant traction in the healthcare industry in the coming years.

How Metaverse Will Impact The Future Of Healthcare And Medicine

The healthcare system appears to be volatile as a result of the increasing pressures of prevailing issues such as chronic diseases, ageing populations, an insufficient health workforce and limited resources, and rising costs. It is now clear that the metaverse has the potential to be the most transformative factor in the healthcare industry. The technology will be used in five areas: clinical care and wellness, collaborative working, healthcare education, and monetisation.