Metaverse is Revolutionising healthcare?
What is Metaverse?
The post-pandemic era has resulted in significant structural changes in the healthcare industry. For example, current consumers are actively involved in healthcare-related decision-making, which has resulted in their enthusiastic acceptance of virtual healthcare systems and related digital advancements. There are still significant issues to be addressed, but how they are addressed will determine how the healthcare sector develops in the future. It has become necessary to use innovative digital tools and services in order to provide optimal customer satisfaction, enable tracking and monitoring of health status, and improve adherence to drugs.
The introduction and implementation of Metaverse in the healthcare industry is one such major digital advancement that the field of medicine may see in the future. The “metaverse” in medicine refers to the medical Internet of things made possible by (Account Receivable) AR and (Virtual reality) VR headsets. The metaverse is evolving and holds great promise in healthcare by combining technologies such as Artificial Intelligence (AI), Virtual Reality (VR), Account Receivable (AR), Internet of Medical; Devices (IoMD), Web 3.0, intelligent cloud, edge, and quantum computing with robots to provide new directions for healthcare. Self-service applications for education and social support, as well as virtual care, remote monitoring, digital diagnostics and decision support systems, at-home prescription delivery systems, and digital diagnostics and decision support systems, are now being promoted by healthcare providers.
Metaverse in the healthcare industry.
The Metaverse is a connection of many enabling technologies, such as artificial intelligence, virtual reality, augmented reality, the internet of medical devices, robotics, quantum computing, and so on, that can be used to investigate new approaches to delivering high-quality healthcare treatments and services.
The Metaverse is expected to be an effective tool for assisting with complex surgical procedures and improving patient care. Surgical procedures that were previously done with robotics are now being done with augmented reality. In addition, smart glasses can be used for accurate diagnosis.
Applications of Metaverse in healthcare.
Metaverse applications in healthcare can improve patient outcomes significantly by opening up entirely new channels for delivering cost-effective treatments. Metaverse can be a valuable tool for healthcare professionals, allowing remote monitoring and telemedicine for patients who are geographically limited.
It has the potential to allow healthcare workers to communicate with patients in more intimate ways, such as walking them through a three-dimensional model of the human body and discussing diagnoses and treatments. This would allow providers to simulate the effect of a proposed treatment on the patient’s body prior to administering it, resulting in a more intimate and informative experience than is currently possible with two-dimensional graphics on a screen.
The Health Metaverse will be the next significant game changer in the near future, given the use of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) for medical training and surgical procedures.
Metaverse service applications have begun, and this area of the healthcare industry is becoming increasingly promising and significant.As a result, it is critical that the healthcare industry be aware of the values and commitment to metaverse services as an essential component of strategic planning for the healthcare industry’s long-term vision. The opportunities for metaverse services in the healthcare industry are promising, but they are complex and contradictory because the opportunities differ in each sub-industry. Without a systematic approach to evaluating potential business opportunity development, it is extremely difficult to properly balance a business model’s current metaverse service requirements and its relevant technology.If it is neglected in the planning and evaluation of the business opportunity development in metaverse services in the healthcare industry, the metaverse service strategy may fail to meet the market’s compelling demands while also meeting the unmet needs of various customers. If a specific goal in a metaverse service is chosen with little regard for other goals, the strategic decision can be costly in terms of both software and operations planning concerns.
One of the critical activities is strategic planning for the development of business opportunities for metaverse services in the healthcare industry. Because of the presence of numerous key factors, strategic planning in business opportunity innovation is more difficult to plan and implement.
The goal of this research is to look at applications for business opportunity development using metaverse services in the healthcare industry from a strategic standpoint. This research will aid in the development of the healthcare industry’s metaverse service business, which is important for strategic planning. Based on data obtained from various sources in the healthcare and other industries, the relevant literature and cases of metaverse are reviewed. As a result, the purpose of this research is to identify insights and strategies for effective planning and implementation based on the significance of the metaverse as a new healthcare service.
- To investigate a metaverse timeline and driving forces, as well as what the metaverse is, how it has evolved, and what its structure is, using existing literature research and data.
- To present case studies on metaverse-related healthcare business corporations.
- To provide strategic findings for the adoption and implementation of the metaverse in the healthcare industry.
This research will help to strengthen the healthcare industry’s ongoing plans for meeting market and technology requirements, as well as position the industry to respond to emerging business opportunity development in metaverse service.
How will Metaverse bring change in healthcare?
There are numerous potential benefits to using metaverse in healthcare, ranging from improving people’s access to healthcare to technological advancements and changes in how physicians and other interested parties conceptualise, develop, and innovate in healthcare spaces. The overall size of the metaverse market is currently estimated to be $23 billion, with a compounded annual growth rate of nearly 40% expected. Metaverse healthcare companies are already expanding, and the metaverse healthcare market is worth $6.85 billion today and could reach $72 billion by 2030.
Simultaneous education, training, and planning, as well as collaborative medical procedures, will be possible in the Metaverse. When combined with AI, this has the potential to improve clinical decision-making and ensure more precise interventions tailored to each individual patient.