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Metaverse in Healthcare Market to grow at a CAGR of 33.83% by 2026, Advantages of Metaverse in Healthcare to Boost Growth - Technavio

NEW YORK, July 29, 2022 /PRNewswire/ -- The "Metaverse In Healthcare Market by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The predicted growth of the metaverse in healthcare market share from 2021 to 2026 is USD 3.80 billion at a progressing CAGR of 33.83%. Technavio categorizes the global metaverse in the healthcare market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metaverse in the healthcare market during the forecast period.

Technavio has announced its latest market research report titled Metaverse in Healthcare Market by Component and Geography - Forecast and Analysis 2022-2026

For Additional Highlights on the Parent Market Analysis - Request a Sample now!

Metaverse In Healthcare Market - Key Market Dynamics:
Major Driver -
  • The key factor driving growth in the metaverse in the healthcare market is the advantages of a metaverse in healthcare.
  •  A key driver for the increasing adoption of a metaverse in healthcare is that metaverse solutions eliminate issues that arise because of human errors and fatigue, which, in turn, results in improved quality of services across the healthcare industry. Software and hardware systems are not prone to committing the same kind of errors as people, such as loss of focus, and therefore, these systems provide a consistent level of accuracy and quality output. Any deviation from the care plan of a patient can be easily detected and rectified with the implementation of a metaverse in healthcare solutions.
  • With the growing focus on patient-centricity and the increasing importance of the patient experience in the healthcare industry, there is an increasing demand for metaverse in healthcare solutions for effective patient service management. Thus, owing to the benefits, metaverse in healthcare has been significantly gaining importance, especially in North America and Europe.
Market Challenges -
  • The infrastructural and integration issues will be a major challenge for the metaverse in the healthcare market. 
  • The practical implementation of metaverse solutions requires access to high-speed and high-bandwidth Internet. Any issue such as connectivity, lack of electricity, or slow network may lead to system downtime and hamper business productivity. This is a key challenge for effectively implementing advanced systems in the healthcare industry, especially in developing countries.
  •  The pharmaceutical supply chain of healthcare supplies, which plays a key role in the healthcare industry, is complex and involves different hardware, legacy systems, and data management, making system integration across the supply chain extremely complicated. Therefore, the implementation of a metaverse in healthcare is hampered by various infrastructural and system integration issues.

To learn about additional key drivers, trends, and challenges - Request a Sample Report right now!

Metaverse In Healthcare Market - Segmentation Analysis

The metaverse in the healthcare market report is segmented by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).

  • Regional Highlights - 38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for metaverse in healthcare in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions. The advanced and matured technology landscape across the healthcare industry, specifically in the developed countries will facilitate the metaverse in healthcare market growth in North America over the forecast period. The metaverse in healthcare market share growth by the hardware segment will be significant during the forecast period. 
  • Revenue Generating Segment -The hardware segment of the global metaverse in the healthcare market comprises head-mounted displays (HMDs), sensors, motion-tracking systems, and haptic devices. The hardware segment of the global metaverse in the healthcare market dominates due to its high volumes of manufacturing. Considering the intense competition in developing augmented and virtual reality (VR) solutions, manufacturers are developing technologically advanced devices which will combine edge and quantum computing and robotics that can be synchronized with other devices. The hardware segment is expected to grow at a faster rate than the software segment during the forecast period.

Grab a sample report for additional insights into the contribution of all the segments, and regional opportunities

Metaverse In Healthcare Market - Vendor Analysis

The metaverse in the healthcare market is fragmented and the vendors are deploying growth strategies such as acquiring or entering partnerships with small vendors to expand their product portfolios to compete in the market.

    • 3D Systems Corp.
    • 8chili Inc.
    • AccuVein Inc.
    • BioflightVR
    • CAE Inc.
    • Devden Creative Solutions Pvt. Ltd.
    • Dhi Tattva Solutions Pvt. Ltd.
    • Eon Reality Inc.
    • ImmersiveTouch Inc.
    • Intuitive Surgical Inc.
    • Koninklijke Philips NV
    • Medical Realities Ltd.
    • Microsoft Corp.
    • MindMaze SA
    • Oodles Technologies
    • Siemens AG
    • Sky gate
    • UnitedHealth Group Inc.
    • Wipro Ltd.
    • WorldViz Inc.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

The competitive scenario provided in the Metaverse In Healthcare Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Metaverse In Healthcare Market Forecast Report - Buy Now!

Related Reports:
  • The metaverse in fashion market share is expected to increase to USD 6.61 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 36.47%.
  • The metaverse in entertainment market share is expected to increase to USD 28.92 billion by 2026 at an accelerating CAGR of 8.55%.

Metaverse In Healthcare Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 33.83%

Market growth 2022-2026

USD 3.80 billion

Market structure

Fragmented

YoY growth (%)

32.0

Regional analysis

North America, Europe, APAC, South America, Middle East, and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, China, Germany, and the UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3D Systems Corp., 8chili Inc., AccuVein Inc., BioflightVR, CAE Inc., Devden Creative Solutions Pvt. Ltd., Dhi Tattva Solutions Pvt. Ltd., Eon Reality Inc., ImmersiveTouch Inc., Intuitive Surgical Inc., Koninklijke Philips NV, Medical Realities Ltd., Microsoft Corp., MindMaze SA, Oodles Technologies, Siemens AG, Sky gate, UnitedHealth Group Inc., Wipro Ltd., and WorldViz Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Key Topics Covered:
1 Executive Summary
  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart of Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart of Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics
3 Market Sizing
  • 3.1 Market Definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on the Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart of Market condition - Five forces 2021 and 2026
5 Market Segmentation by Component
  • 5.1 Market segments
    • Exhibit 24: Chart on Component - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Component - Market share 2021-2026 (%)
  • 5.2 Comparison by Component
    • Exhibit 26: Chart on Comparison by Component
    • Exhibit 27: Data Table on Comparison by Component
  • 5.3 Hardware - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)
  • 5.4 Software - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Software - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Software - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Software - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Software - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Component
    • Exhibit 36: Market opportunity by Component ($ million)
6 Customer Landscape
  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
  • 7.1 Geographic segmentation
    • Exhibit 38: Chart of Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 The Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on the Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on the US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on the US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on the US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on the UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on the UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on the UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on the UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends
9 Vendor Landscape
  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business
10 Vendor Analysis
  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 3D Systems Corp.
    • Exhibit 89: 3D Systems Corp. - Overview
    • Exhibit 90: 3D Systems Corp. - Product / Service
    • Exhibit 91: 3D Systems Corp. - Key news
    • Exhibit 92: 3D Systems Corp. - Key offerings
  • 10.4 8chili Inc.
    • Exhibit 93: 8chili Inc. - Overview
    • Exhibit 94: 8chili Inc. - Product / Service
    • Exhibit 95: 8chili Inc. - Key offerings
  • 10.5 AccuVein Inc.
    • Exhibit 96: AccuVein Inc. - Overview
    • Exhibit 97: AccuVein Inc. - Product / Service
    • Exhibit 98: AccuVein Inc. - Key offerings
  • 10.6 Intuitive Surgical Inc.
    • Exhibit 99: Intuitive Surgical Inc. - Overview
    • Exhibit 100: Intuitive Surgical Inc. - Product / Service
    • Exhibit 101: Intuitive Surgical Inc. - Key offerings
  • 10.7 Koninklijke Philips NV
    • Exhibit 102: Koninklijke Philips NV - Overview
    • Exhibit 103: Koninklijke Philips NV - Business segments
    • Exhibit 104: Koninklijke Philips NV - Key news
    • Exhibit 105: Koninklijke Philips NV - Key offerings
    • Exhibit 106: Koninklijke Philips NV - Segment focus
  • 10.8 Microsoft Corp.
    • Exhibit 107: Microsoft Corp. - Overview
    • Exhibit 108: Microsoft Corp. - Business segments
    • Exhibit 109: Microsoft Corp. - Key news
    • Exhibit 110: Microsoft Corp. - Key offerings
    • Exhibit 111: Microsoft Corp. - Segment focus
  • 10.9 Oodles Technologies
    • Exhibit 112: Oodles Technologies - Overview
    • Exhibit 113: Oodles Technologies - Product / Service
    • Exhibit 114: Oodles Technologies - Key offerings
  • 10.10 Siemens AG
    • Exhibit 115: Siemens AG - Overview
    • Exhibit 116: Siemens AG - Business segments
    • Exhibit 117: Siemens AG - Key news
    • Exhibit 118: Siemens AG - Key offerings
    • Exhibit 119: Siemens AG - Segment focus
  • 10.11 Wipro Ltd.
    • Exhibit 120: Wipro Ltd. - Overview
    • Exhibit 121: Wipro Ltd. - Business segments
    • Exhibit 122: Wipro Ltd. - Key news
    • Exhibit 123: Wipro Ltd. - Key offerings
    • Exhibit 124: Wipro Ltd. - Segment focus
  • 10.12 WorldViz Inc.
    • Exhibit 125: WorldViz Inc. - Overview
    • Exhibit 126: WorldViz Inc. - Product / Service
    • Exhibit 127: WorldViz Inc. - Key offerings
11 Appendix
  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations
    • Exhibit 134: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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