Metaverse: Paving the way for Health 4.0

$ 4000$ 1499

The medical sector's innovations drive ongoing change in the healthcare technology sector. From MRI scans and X-rays to robotic surgery and virtual reality, the healthcare industry is undergoing a significant digital shift.

CATEGORY: Digital Health GEOGRAPHY: Global

Buy Now Download Sample Report

The Metaverse, a new technology that was unveiled by Facebook CEO Mark Zuckerberg, has the potential to be used in the healthcare industry. In terms of technology, the metaverse has the potential to revolutionize the healthcare industry. This can address particular problems including mental health, access to healthcare without regard to location, virtual fitness and wellness, and interpersonal connections.

Metaverse in Healthcare: Definition

The Metaverse in Medicine can be defined as the medical Internet of Things facilitated using AR and VR glass

Three major channels fueling the use of metaverse in healthcare

Telemedicine
- Post COVID, the use of telemedicine gained traction from around 43% of healthcare facilities delivering remote therapy to patients, rose up to 95%
- Metaverse will offer a virtual office where patients and doctors can consult in a 3D clinic or any other setting
- In safe settings where every encounter can be properly watched and managed, patients can interact with situations that make them anxious
Blockchain
- Blockchain is a crucial component of the metaverse in the field of healthcare since it enables decentralised communities managed democratically through smart contracts and a record of digital "ownership" of surroundings or even things in the virtual world
- Most well-known application of blockchain in healthcare is the administration and protection of our extremely precious health data
Digital Twins
- Patient might be the patient's digital twin in the metaverse
- Digital twin is an online healthcare service specialized in occupational health, will eventually be used as “test dummies” for individuals, predicting everything from how we will recover from surgery to how we would react to specific medicines

Transformation of Healthcare by Metaverse

Immersive Training:

The metaverse places the student in whichever environment they require. Consider virtual experiences that help teach sensitivity and empathy by placing providers in the patient's shoes. Medical students can safely practise operations in simulated operating rooms, and surgeons can model surgeries using digital twins of organs to examine potential outcomes without putting a patient at risk.

Digital diagnostics

Through augmented reality, we may enable various diagnostics by using movement, location, and interactivity. For example, by observing eye movements, medical professionals can notice neurological indicators or ocular disorders like glaucoma.

Patient and caregiver wellness

Patients and carers can learn in the metaverse just like clinicians can. Doctors can explain and even demonstrate illness symptoms and treatment options using immersive environments. These settings can aid in teaching carers how to take care of a family member at home. Better health literacy and greater adherence to care plans can result from improved educational experiences, which can eventually improve results.

Care planning and delivery:

Immersive technologies support the next development of care planning and procedural preparation by simulating procedures. For instance, Accenture and Microsoft collaborated to transform surgery in Mexico and Latin America. During operations, surgeons can use augmented reality to view patient records, X-rays, CT, and MRI scans. Clinical staff can benefit from real-time data sharing in less complex circumstances as well. First responders can have real-time live video and audio communication with distant doctors using RespondEye's augmented reality technology.

Virtual therapeutics

To assist patients with pain management, neurological problems, behavioural health, and physical health, new digital therapies are leveraging extended reality technologies. BehaVR uses an evidence-based platform to immerse patients in virtual worlds while providing them with tools and lifetime coping mechanisms that help them deal with stress, anxiety, and terror.

Tokenization and interoperability

Users may securely own, share, and manage patient, provider, and payer data with the use of web3, blockchain technology, and other advancements (e.g., digital health identity and record management, secure payments, rewards and incentives leveraging NFTs).

Challenges of Metaverse in Healthcare and Patient Care

Privacy and Security in Metaverse- Increasing technology innovations and awareness among the patients have raised immense concerns around the privacy and security of the data in Metaverse
High Cost of Technology- High-tech equipment, such as eyewear, gloves, sensors, and other wearables that can read patients' vital signs, are required to enable healthcare to reach its full potential, is too expensive which limits to those who can afford it
Gaining Traction from Audience- For metaverse, gaining the market traction is solely dependent on the adaption and acceptation of this new tech in the market, elderly people or the rural population who are less tech savvy would hamper this emerging technology

Major Companies Integrating Metaverse in Healthcare

Latus Healthcare

Developing a “virtual hospital”. It comprises a Virtual Reality(VR) hospital environment, where treatments will at first be focused on physiotherapy services
First component to be offered by 2022 was a mental health clinic offering services primarily in virtual reality

iMining

First-ever hospital foundation to be launched in the Decentraland Metaverse
Supports the largest free-standing, comprehensive tertiary rehabilitation hospital in Canada, serving patients of all ages who require complex rehabilitation to enable them to participate in life to the fullest

Apollo Hospitals

Apollo hospital group has announced a unique collaboration with ‘8chili Inc’ to enable engagement within the metaverse
A first-of-its-kind initiative, will enable pre/post-operation patient counseling through VR, enabling increased patient engagement as well as providing skill mastery for hands-on training to the healthcare workers

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.