ヘルスケアにおけるメタバース市場:コンポーネント(ハードウェア、サービス、ソフトウェア)、テクノロジー(AR/VR、MR、AI、ブロックチェーン、IoT)、アプリケーション(テレヘルス、診断、医療トレーニング&教育)、エンドユーザー(プロバイダー、患者、ペイヤー、ファーマ)別 - 2028年までの世界予測Metaverse in Healthcare Market by Component (Hardware, Services, Software), Technology (AR/VR, MR, AI, Blockchain, IoT), Application(Telehealth, Diagnostics, Medical Training & Education), End User (Provider, Patients, Payers, Pharma) - Global Forecast to 2028 世界のメタバース・イン・ヘルスケア市場は、2023年の95億米ドルから2028年には796億米ドルに達すると予測され、予測期間中のCAGRは52.9%に達すると予測されています。北米では、ヘルスケア向けのメタバース技術... もっと見る
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サマリー世界のメタバース・イン・ヘルスケア市場は、2023年の95億米ドルから2028年には796億米ドルに達すると予測され、予測期間中のCAGRは52.9%に達すると予測されています。北米では、ヘルスケア向けのメタバース技術への傾倒が進んでいます。手術トレーニング、疼痛管理、治療など、さまざまなヘルスケアアプリケーションで使用されている仮想現実および拡張現実(VR/AR)技術の人気が高まっていることが、この地域の市場成長の要因となっています。また、COVID-19の流行により、遠隔医療サービスの導入が加速し、患者や医療従事者にとって、より没入感のある魅力的な仮想体験の必要性が高まっています。メタバースは、現実のやり取りをシミュレートした仮想環境を提供することができ、患者と医療従事者がより自然で直感的な方法でコミュニケーションやコラボレーションを行うことを可能にします。"ヘルスケアにおけるメタバース市場において、ソフトウェアセグメントが最大のセグメントとなると予測されている"。 構成要素に基づくと、予測期間中、ソフトウェアセグメントが最大のセグメントになると予測されています。このシェアは、カスタマイズやパーソナライゼーションの可能性などの要因に起因しています。医療従事者や患者は、ソフトウェアを使用して、特定のニーズ、好み、および病状に合わせた仮想環境を作成し、アクセスすることができ、より高い精度と柔軟性のために複雑な外科手術を行うためのARプラットフォームの適応が増加しており、ソフトウェアセグメントへの投資が行われています。 "2022年のヘルスケア市場におけるメタバースのエンドユーザー別セグメントでは、ヘルスケアプロバイダーが最大となった"。 2022年のメタバース・イン・ヘルスケア市場では、ヘルスケアプロバイダーが最も高い成長率で成長すると予測されています。この高い成長は、効率的なヘルスケアシステムへのニーズの高まり、患者数の増加、病院や外来診療センターの増加、テレヘルスの成長、ヘルスケアにおけるメタバース技術の採用率の上昇に起因していると考えられます。 "予測期間中、APACが最も高い成長率を目撃する" アジア太平洋地域は、予測期間中、最も高いCAGRで成長すると予測されています。APAC地域の市場成長は、主に医療観光産業の成長、ライフスタイルや慢性疾患の発生率の増加、メタバース技術の採用の高まりに起因する要因によってもたらされます。アジア太平洋地域は、主に政府の取り組みや生活習慣病の増加により、市場関係者にとって有利な成長機会を提供しています。これらの市場の成長は、おそらく中国、韓国、日本が中心となっています。これは主に、膨大な数の患者を追跡・監視するための高度なヘルスケア技術に対するニーズの高まりによるもので、低費用で質の高いヘルスケアに対する需要の高まりがこの市場の成長を後押ししています。 主な参加企業の内訳は以下の通りです: - 企業タイプ別:Tier1:35%、Tier2:45%、Tier3:20 - 役職別 - Cレベル:31%、ディレクターレベル:27%、その他:42% - 地域別:北米40%、欧州20%、アジア太平洋30%、中南米5%、中東&アフリカ5 メタバース・イン・ヘルスケア市場の主要プレイヤー メタバース・イン・ヘルスケア市場で事業を展開する主なプレーヤーは、Microsoft(米国)、NVIDIA Corporation(米国)、XRHealth(米国)、CAE, Inc.(カナダ)、Koninklijke Philips N.V. (オランダ)、 ImmersiveTouch, Inc(米国)、Wipro(インド)、Siemens Healthineers AG(ドイツ)、 Medtronic plc(アイルランド)、GEヘルスケア(米国)、 Intuitive Surgical (米国)、 8Chili、 Inc.(米国)、MindMaze(スイス)、AccuVein, Inc.(米国)、EON Reality(米国)、Brainlab AG(ドイツ)、Novarad Corporation(米国)、Oodles Technologies(インド)、CMR Surgical(英国)、Merative(米国)、BioflightVR(米国)、WorldViz社(米国)、Google(米国)、Oculus (Meta Platforms, Inc.)(US), Augmedics (US) 調査対象です: 当レポートでは、ヘルスケアにおけるメタバース市場を分析し、コンポーネント、アプリケーション、テクノロジー、エンドユーザー、地域に基づいて、様々な市場セグメントの市場規模および将来の成長可能性を推定することを目的としています。また、本市場で事業を展開する主要企業の競争分析も行い、企業プロフィール、製品提供、最近の開発状況、主要な市場戦略も併せて掲載しています。 本レポートを購入する理由 本レポートは、既存企業だけでなく、新規参入企業や小規模企業も市場の動向を把握するのに役立ち、ひいては市場シェアを拡大するのに役立ちます。本レポートは、市場全体とサブセグメントの売上高の最も近い近似値に関する情報を提供することで、この市場のリーダー/新規参入者に役立つことでしょう。本レポートは、関係者が競争環境を理解し、より多くの洞察を得ることで、自社のビジネスをより良く位置づけ、適切な市場参入を計画するのに役立つだろう。 本レポートは、以下のポイントに関する洞察を提供します: - 主要な推進要因(低侵襲手術の実施に向けた複合現実の採用拡大、遠隔医療におけるメタバースの応用、デジタルツインの利用拡大、医療におけるブロックチェーン技術の重要性の高まり)の分析、阻害要因(データプライバシーとセキュリティの懸念、高い導入コスト、過度の使用による健康と精神の問題)、機会(医療教育とトレーニングにおけるメタバース利用の増加、外科手術アプリケーションにおけるメタバース利用)および課題(医療メタバースに対するHIPAA規制、相互運用性問題、環境影響と結合した地域政府の規制)。 - 製品開発/イノベーション:医療用メタバース市場における今後の技術、研究開発活動、新製品・サービス投入に関する詳細な洞察 - 市場開発:有利な市場に関する包括的な情報 - 本レポートでは、さまざまな地域の医療用メタバース市場を分析しています。 - 市場の多様化:新製品・サービス、未開拓の地域、最近の開発、メタバース・イン・ヘルスケア市場での投資に関する情報を網羅的に提供します。 - 競合他社の評価:Microsoft(米国)、NVIDIA Corporation(米国)、XRHealth(米国)、CAE, Inc.(カナダ)、Koninklijke Philips N.V. (オランダ)、ImmersiveTouch, Inc.(米国)、Wipro(インド)、Siemens Healthineers AG(ドイツ)、Medtronic plc(アイルランド)、GE Healthcare(米国)、Intuitive Surgical(米国)、8Chili、Inc(米国)、MindMaze(スイス)、AccuVein、Inc(米国)、EON Reality(米国)、Brainlab AG(ドイツ)、Novarad Corporation(米国)、Oodles Technologies(インド)などの医療市場におけるメタバース戦略で、特に、このレポートは、この市場においての利害関係者の理解を助けます。また、本レポートは、関係者がリモートケア市場の鼓動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、および機会に関する情報を提供します。 目次1 INTRODUCTION 261.1 STUDY OBJECTIVES 26 1.2 MARKET DEFINITION 26 1.2.1 INCLUSIONS AND EXCLUSIONS 27 1.3 MARKETS COVERED 27 1.3.1 METAVERSE IN HEALTHCARE MARKET SEGMENTATION, BY REGION 28 1.3.2 YEARS CONSIDERED 28 1.4 CURRENCY CONSIDERED 28 1.5 STAKEHOLDERS 29 1.6 LIMITATIONS 29 1.7 RECESSION IMPACT 29 2 RESEARCH METHODOLOGY 30 2.1 RESEARCH APPROACH 30 2.2 RESEARCH METHODOLOGY DESIGN 30 FIGURE 1 METAVERSE IN HEALTHCARE MARKET: RESEARCH DESIGN 30 2.2.1 SECONDARY RESEARCH 31 2.2.1.1 Key data from secondary sources 32 2.2.2 PRIMARY DATA 32 FIGURE 2 PRIMARY SOURCES 32 2.2.2.1 Key data from primary sources 33 2.2.2.2 Insights from primary experts 34 FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION 34 2.3 MARKET SIZE ESTIMATION: METAVERSE IN HEALTHCARE MARKET 35 FIGURE 4 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 35 FIGURE 5 METAVERSE IN HEALTHCARE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 36 2.3.1 DEMAND-SIDE APPROACH 37 FIGURE 6 MARKET PROJECTIONS FROM DEMAND-SIDE 37 FIGURE 7 CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 38 FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 39 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 40 2.5 MARKET RANKING ESTIMATION 41 2.6 ASSUMPTIONS 41 2.7 LIMITATIONS 42 2.7.1 METHODOLOGY-RELATED LIMITATIONS 42 2.7.2 SCOPE-RELATED LIMITATIONS 42 2.8 RISK ASSESSMENT 42 TABLE 1 RISK ASSESSMENT: METAVERSE IN HEALTHCARE MARKET 42 2.9 IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 42 3 EXECUTIVE SUMMARY 44 FIGURE 2 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION) 44 FIGURE 3 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD MILLION) 45 FIGURE 4 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 46 FIGURE 5 METAVERSE IN HEALTHCARE MARKET, BY END USER, 2023 VS. 2028 (USD MILLION) 46 FIGURE 6 GEOGRAPHICAL SNAPSHOT OF METAVERSE IN HEALTHCARE MARKET 47 4 PREMIUM INSIGHTS 49 4.1 METAVERSE IN HEALTHCARE MARKET OVERVIEW 49 FIGURE 7 INCREASING ADOPTION OF MIXED REALITY SOLUTIONS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET GROWTH 49 4.2 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT AND COUNTRY 50 FIGURE 8 SOFTWARE SEGMENT TO COMMAND LARGEST SHARE OF ASIA PACIFIC MARKET IN 2023 50 4.3 GEOGRAPHICAL SNAPSHOT OF METAVERSE IN HEALTHCARE MARKET 51 FIGURE 9 MARKET IN CHINA TO GROW AT HIGHEST CAGR 51 4.4 REGIONAL MIX: METAVERSE IN HEALTHCARE MARKET 52 FIGURE 10 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 52 4.5 METAVERSE IN HEALTHCARE MARKET: DEVELOPED VS. DEVELOPING MARKETS 52 FIGURE 11 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH RATES 52 5 MARKET OVERVIEW 53 5.1 INTRODUCTION 53 5.2 MARKET DYNAMICS 53 TABLE 2 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS 53 5.2.1 DRIVERS 54 5.2.1.1 Increasing adoption of mixed reality for performing minimally invasive surgeries 54 5.2.1.2 Applications of metaverse in telemedicine 54 5.2.1.3 Increasing use of digital twins 55 5.2.1.4 Increasing importance of blockchain technology in healthcare 56 5.2.2 RESTRAINTS 57 5.2.2.1 Data privacy and security concerns 57 FIGURE 12 US: NUMBER OF DATA BREACHES (2005–2022) 58 5.2.2.2 High implementation cost 58 5.2.2.3 Health and mental issues from excessive use 58 5.2.3 OPPORTUNITIES 59 5.2.3.1 Increasing use of metaverse in medical education and training 59 5.2.3.2 Use of metaverse in surgical applications 60 5.2.4 CHALLENGES 60 5.2.4.1 HIPAA regulations for healthcare metaverse 60 5.2.4.2 Interoperability issues 61 5.2.4.3 Local government restrictions coupled with environmental impact 61 6 INDUSTRY INSIGHTS 62 6.1 INDUSTRY TRENDS 62 6.1.1 TRANSFORMATION IN CLINICAL TRIALS 62 6.1.2 EMERGENCE OF IMMERSIVE THERAPEUTICS 62 6.1.3 FUTURE TRENDS IN METAVERSE IN HEALTHCARE 62 6.2 RISE IN HEALTHCARE METAVERSE INVESTMENTS 63 6.3 TECHNOLOGY ANALYSIS 64 6.3.1 TECHNOLOGY STACK 64 FIGURE 13 METAVERSE MARKET: TECHNOLOGIES 64 6.3.2 INFRASTRUCTURE LEVEL 64 6.3.2.1 5G network 64 6.3.2.2 Internet of Things 65 6.3.2.3 Cloud and edge computing 65 6.3.3 DESIGN AND DEVELOPMENT LEVEL 65 6.3.3.1 Blockchain 65 6.3.3.2 3D modeling and real-time rendering 65 6.3.3.3 Artificial intelligence, natural language processing, and computer vision 66 6.3.4 HUMAN INTERACTION LEVEL 66 6.3.4.1 Virtual reality 66 6.3.4.2 Augmented reality 66 6.3.4.2.1 Monitor-based AR technology 67 6.3.4.2.2 Near-eye-based AR technology 67 6.3.4.2.3 Web AR 68 6.3.4.3 Mixed reality 68 6.4 PORTER’S FIVE FORCES ANALYSIS 68 FIGURE 14 METAVERSE IN HEALTHCARE MARKET: PORTER’S FIVE FORCES ANALYSIS 69 TABLE 3 METAVERSE IN HEALTHCARE MARKET: PORTER’S FIVE FORCES ANALYSIS 69 6.4.1 INTENSITY OF COMPETITIVE RIVALRY 70 6.4.2 BARGAINING POWER OF SUPPLIERS 70 6.4.3 BARGAINING POWER OF BUYERS 70 6.4.4 THREAT OF NEW ENTRANTS 71 6.4.5 THREAT OF SUBSTITUTES 71 6.5 REGULATORY LANDSCAPE 72 6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72 TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72 TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73 TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74 TABLE 7 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75 6.5.2 REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS 77 6.6 VALUE-CHAIN ANALYSIS 77 FIGURE 15 VALUE-CHAIN ANALYSIS (2022) 78 6.7 ECOSYSTEM 78 FIGURE 16 METAVERSE IN HEALTHCARE MARKET: ECOSYSTEM 79 6.8 PATENT ANALYSIS 79 FIGURE 17 NUMBER OF PATENTS PUBLISHED, JANUARY 2013 TO MARCH 2023 79 FIGURE 18 TOP METAVERSE IN HEALTHCARE PATENT OWNERS 80 TABLE 8 KEY PATENTS IN THE METAVERSE IN HEALTHCARE MARKET 80 6.9 CASE STUDY ANALYSIS 81 6.9.1 CASE STUDY 1: RIGOROUS TRAINING OF PROFESSIONAL ATHLETES WITHOUT PHYSICAL STRAIN 81 6.9.2 CASE STUDY 2: AUGMENTED REALITY FOR SURGERY 82 6.9.3 CASE STUDY 3: VIRTUAL HOSPITALS AND CLINICS 82 6.9.4 CASE STUDY 4: ENTERING DRUG DISCOVERY AND RESEARCH 82 6.9.5 CASE STUDY 5: ENTERING MEDICAL TRAINING AND EDUCATION 83 6.10 KEY STAKEHOLDERS AND BUYING CRITERIA 83 6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 83 FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 83 TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 84 6.10.2 BUYING CRITERIA 84 FIGURE 20 KEY BUYING CRITERIA FOR METAVERSE COMPONENTS 84 TABLE 10 KEY BUYING CRITERIA FOR METAVERSE COMPONENTS 84 6.11 KEY CONFERENCES AND EVENTS IN 2023–2024 85 TABLE 11 METAVERSE IN HEALTHCARE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 85 6.12 TRENDS/DISRUPTIONS IMPACTING BUYERS 86 FIGURE 21 METAVERSE MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS 86 7 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT 87 7.1 INTRODUCTION 88 TABLE 12 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 88 TABLE 13 METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 88 7.2 SOFTWARE 89 7.2.1 INCREASING INVESTMENTS IN AR/VR TECHNOLOGY IN HEALTHCARE TO DRIVE GROWTH 89 TABLE 14 METAVERSE IN HEALTHCARE SOFTWARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 90 7.3 HARDWARE 90 7.3.1 AR DEVICES 90 7.3.2 VR DEVICES 91 7.3.3 MR DEVICES 91 7.3.4 DISPLAYS 91 TABLE 15 METAVERSE IN HEALTHCARE HARDWARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 92 7.4 SERVICES 92 7.4.1 SERVICES HELP IMPROVE PATIENT CARE, ENHANCE MEDICAL TRAINING AND EDUCATION, AND ENABLE REMOTE HEALTHCARE 92 TABLE 16 METAVERSE IN HEALTHCARE SERVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 93 8 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY 94 8.1 INTRODUCTION 95 TABLE 17 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 95 8.2 AUGMENTED AND VIRTUAL REALITY 95 8.2.1 INCREASING DEMAND FOR AR/VR APPLICATIONS IN HEALTHCARE TO DRIVE GROWTH 95 TABLE 18 METAVERSE IN HEALTHCARE MARKET FOR AUGMENTED AND VIRTUAL REALITY, BY COUNTRY, 2021–2028 (USD MILLION) 96 8.3 MIXED REALITY 96 8.3.1 INCREASING AWARENESS OF DIGITAL/VIRTUAL MEDICINE TO DRIVE GROWTH 96 TABLE 19 METAVERSE IN HEALTHCARE MARKET FOR MIXED REALITY, BY COUNTRY, 2021–2028 (USD MILLION) 97 8.4 ARTIFICIAL INTELLIGENCE 97 8.4.1 WIDE AVAILABILITY OF COMPLEX DATASETS TO DRIVE GROWTH 97 TABLE 20 METAVERSE IN HEALTHCARE MARKET FOR ARTIFICIAL INTELLIGENCE, BY COUNTRY, 2021–2028 (USD MILLION) 98 8.5 BLOCKCHAIN 98 8.5.1 INCREASING NEED TO REDUCE COST OF SECURE DATA EXCHANGE TO DRIVE GROWTH 98 TABLE 21 METAVERSE IN HEALTHCARE MARKET FOR BLOCKCHAIN, BY COUNTRY, 2021–2028 (USD MILLION) 99 8.6 DIGITAL TWIN 99 8.6.1 INCREASING ADOPTION OF DIGITALIZATION IN HEALTHCARE TO PROPEL MARKET GROWTH 99 TABLE 22 DESCRIPTION OF DIGITAL TWIN IN HEALTHCARE CONTEXT 100 TABLE 23 METAVERSE IN HEALTHCARE MARKET FOR DIGITAL TWIN, BY COUNTRY, 2021–2028 (USD MILLION) 100 8.7 INTERNET OF THINGS 100 8.7.1 ADVANCEMENTS IN HEALTHCARE AND WIDE ACCEPTANCE OF REMOTE CARE TO DRIVE GROWTH 100 TABLE 24 METAVERSE IN HEALTHCARE MARKET FOR INTERNET OF THINGS, BY COUNTRY, 2021–2028 (USD MILLION) 101 8.8 MEDICAL WEARABLES 102 8.8.1 INCREASING FOCUS ON FITNESS AND HEALTH TO SUPPORT GROWTH 102 TABLE 25 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL WEARABLES, BY COUNTRY, 2021–2028 (USD MILLION) 102 9 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION 103 9.1 INTRODUCTION 104 TABLE 26 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 104 9.2 DIGITAL THERAPEUTICS 104 9.2.1 RISING INCIDENCE OF PREVENTABLE CHRONIC DISEASES TO DRIVE GROWTH 104 TABLE 27 METAVERSE IN HEALTHCARE MARKET FOR DIGITAL THERAPEUTICS, BY COUNTRY, 2021–2028 (USD MILLION) 105 9.3 MEDICAL DIAGNOSTICS 105 9.3.1 METAVERSE ENVIRONMENT CAN OFFER ENHANCED MEDICAL DIAGNOSTICS 105 TABLE 28 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL DIAGNOSTICS, BY COUNTRY, 2021–2028 (USD MILLION) 106 9.4 MEDICAL EDUCATION AND SURGICAL TRAINING 106 9.4.1 METAVERSE ADDING NEW DIMENSIONS TO MEDICAL EDUCATION AND SURGICAL TRAINING 106 TABLE 29 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL EDUCATION AND SURGICAL TRAINING, BY COUNTRY, 2021–2028 (USD MILLION) 107 9.5 TELEHEALTH AND TELEMEDICINE 107 9.5.1 GROWING GERIATRIC POPULATION TO DRIVE MARKET GROWTH 107 TABLE 30 METAVERSE IN HEALTHCARE MARKET FOR TELEHEALTH AND TELEMEDICINE, BY COUNTRY, 2021–2028 (USD MILLION) 108 9.6 DRUG DISCOVERY AND PERSONALIZED MEDICINE 109 9.6.1 METAVERSE TO HELP REDUCE TIME AND COST INVOLVED IN DRUG DISCOVERY 109 TABLE 31 METAVERSE IN HEALTHCARE MARKET FOR DRUG DISCOVERY AND PERSONALIZED MEDICINE, BY COUNTRY, 2021–2028 (USD MILLION) 110 9.7 OTHER APPLICATIONS 110 TABLE 32 METAVERSE IN HEALTHCARE MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2028 (USD MILLION) 111 10 METAVERSE IN HEALTHCARE MARKET, BY END USER 112 10.1 INTRODUCTION 113 TABLE 33 METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 113 10.2 HEALTHCARE PROVIDERS 113 10.2.1 INCREASING NEED TO IMPROVE PROFITABILITY OF HEALTHCARE OPERATIONS TO BOOST GROWTH 113 TABLE 34 METAVERSE IN HEALTHCARE MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2021–2028 (USD MILLION) 114 10.3 HEALTHCARE PAYERS 114 10.3.1 INCREASING FOCUS ON OUTCOME-BASED PAYMENT MODELS TO DRIVE DEMAND 114 TABLE 35 METAVERSE IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 2021–2028 (USD MILLION) 115 10.4 PHARMACEUTICAL, BIOPHARMACEUTICAL, AND MEDTECH COMPANIES 115 10.4.1 ENHANCED CLINICAL TRIALS AND BETTER COLLABORATION AND COMMUNICATION TO DRIVE GROWTH 115 TABLE 36 METAVERSE IN HEALTHCARE MARKET FOR PHARMACEUTICAL, BIOPHARMACEUTICAL, AND MEDTECH COMPANIES, BY COUNTRY, 2021–2028 (USD MILLION) 116 10.5 PATIENTS 117 10.5.1 INCREASED ACCESS TO CARE AND IMPROVED PATIENT OUTCOMES TO SUPPORT MARKET GROWTH 117 TABLE 37 METAVERSE IN HEALTHCARE MARKET FOR PATIENTS, BY COUNTRY, 2021–2028 (USD MILLION) 117 10.6 OTHER END USERS 118 TABLE 38 METAVERSE IN HEALTHCARE MARKET FOR OTHER END USERS, BY COUNTRY, 2021–2028 (USD MILLION) 119 11 METAVERSE IN HEALTHCARE MARKET, BY REGION 120 11.1 INTRODUCTION 121 TABLE 39 METAVERSE IN HEALTHCARE MARKET, BY REGION, 2021–2028 (USD MILLION) 121 11.2 NORTH AMERICA 121 11.2.1 NORTH AMERICA: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 121 FIGURE 22 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET SNAPSHOT 122 TABLE 40 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 123 TABLE 41 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 123 TABLE 42 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 124 TABLE 43 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 124 TABLE 44 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 125 11.2.2 US 125 11.2.2.1 Increasing adoption of healthcare technologies to drive growth 125 TABLE 45 US: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 125 TABLE 46 US: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 126 TABLE 47 US: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 126 TABLE 48 US: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 127 11.2.3 CANADA 127 11.2.3.1 Increasing focus on patient-centric care to support growth 127 TABLE 49 CANADA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 128 TABLE 50 CANADA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 128 TABLE 51 CANADA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 129 TABLE 52 CANADA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 129 11.3 EUROPE 130 11.3.1 EUROPE: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 130 TABLE 53 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 130 TABLE 54 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 131 TABLE 55 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 131 TABLE 56 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 132 TABLE 57 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 132 11.3.2 UK 133 11.3.2.1 Recent technological advancements and focus on better patient outcomes to drive growth 133 TABLE 58 UK: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 133 TABLE 59 UK: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 134 TABLE 60 UK: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 134 TABLE 61 UK: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 135 11.3.3 GERMANY 135 11.3.3.1 Increasing number of AR/VR start-ups to boost growth 135 TABLE 62 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 136 TABLE 63 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 136 TABLE 64 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 137 TABLE 65 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 137 11.3.4 REST OF EUROPE 137 TABLE 66 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 138 TABLE 67 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 138 TABLE 68 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 139 TABLE 69 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 139 11.4 ASIA PACIFIC 140 11.4.1 ASIA PACIFIC: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 140 FIGURE 23 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET SNAPSHOT 141 TABLE 70 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 142 TABLE 71 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 142 TABLE 72 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 143 TABLE 73 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 143 TABLE 74 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 144 11.4.2 CHINA 144 11.4.2.1 Presence of large consumer base and increasing demand for quality healthcare to boost growth 144 TABLE 75 CHINA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 145 TABLE 76 CHINA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 145 TABLE 77 CHINA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 146 TABLE 78 CHINA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 146 11.4.3 JAPAN 146 11.4.3.1 Adoption of wireless technology and government support to drive growth 146 TABLE 79 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 147 TABLE 80 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 147 TABLE 81 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 148 TABLE 82 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 148 11.4.4 REST OF ASIA PACIFIC 149 TABLE 83 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 149 TABLE 84 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 150 TABLE 85 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 150 TABLE 86 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 151 11.5 LATIN AMERICA 151 11.5.1 LATIN AMERICA: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 151 TABLE 87 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 152 TABLE 88 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 152 TABLE 89 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 153 TABLE 90 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 153 11.6 MIDDLE EAST AND AFRICA 154 11.6.1 INVESTMENTS IN DIGITAL TECHNOLOGIES TO SUPPORT GROWTH 154 11.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT ON METAVERSE IN HEALTHCARE MARKET 154 TABLE 91 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 155 TABLE 92 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 155 TABLE 93 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 156 TABLE 94 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 156 12 COMPETITIVE LANDSCAPE 157 12.1 OVERVIEW 157 12.2 KEY STRATEGIES/RIGHT TO WIN 157 TABLE 95 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN METAVERSE IN HEALTHCARE MARKET 157 FIGURE 24 KEY DEVELOPMENTS OF MAJOR PLAYERS BETWEEN JANUARY 2020 AND MARCH 2023 160 12.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS 161 FIGURE 25 METAVERSE IN HEALTHCARE MARKET: REVENUE SHARE ANALYSIS OF KEY PLAYERS 161 12.4 METAVERSE IN HEALTHCARE MARKET: R&D EXPENDITURE 161 FIGURE 26 R&D EXPENDITURE OF KEY PLAYERS (2021 VS. 2022) 161 12.5 MARKET RANKING ANALYSIS 162 FIGURE 27 METAVERSE IN HEALTHCARE MARKET RANKING ANALYSIS OF KEY PLAYERS (2022) 162 12.6 COMPETITIVE BENCHMARKING 164 TABLE 96 FOOTPRINT OF COMPANIES IN METAVERSE IN HEALTHCARE MARKET 164 TABLE 97 PRODUCT/SERVICE FOOTPRINT OF COMPANIES (25 COMPANIES) 165 TABLE 98 TECHNOLOGY FOOTPRINT OF COMPANIES (25 COMPANIES) 166 TABLE 99 REGIONAL FOOTPRINT OF COMPANIES (25 COMPANIES) 167 12.7 COMPANY EVALUATION MATRIX 168 12.7.1 STARS 168 12.7.2 EMERGING LEADERS 168 12.7.3 PERVASIVE PLAYERS 168 12.7.4 PARTICIPANTS 168 FIGURE 28 METAVERSE IN HEALTHCARE MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS (2022) 169 12.8 COMPANY EVALUATION MATRIX FOR START-UPS/SMES 169 12.8.1 PROGRESSIVE COMPANIES 169 12.8.2 DYNAMIC COMPANIES 170 12.8.3 RESPONSIVE COMPANIES 170 12.8.4 STARTING BLOCKS 170 FIGURE 29 METAVERSE IN HEALTHCARE MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES (2022) 170 12.9 COMPETITIVE SCENARIO 171 12.9.1 PRODUCT/SERVICE LAUNCHES & APPROVALS 171 TABLE 100 PRODUCT/SERVICE LAUNCHES & APPROVALS, JANUARY 2020–MARCH 2023 171 12.9.2 DEALS 172 TABLE 101 DEALS, JANUARY 2020–MARCH 2023 172 13 COMPANY PROFILES 173 13.1 KEY PLAYERS 173 (Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 13.1.1 MICROSOFT 173 TABLE 102 MICROSOFT: BUSINESS OVERVIEW 173 FIGURE 30 MICROSOFT: COMPANY SNAPSHOT (2022) 174 13.1.2 NVIDIA CORPORATION 177 TABLE 103 NVIDIA CORPORATION: BUSINESS OVERVIEW 177 FIGURE 31 NVIDIA CORPORATION: COMPANY SNAPSHOT (2022) 178 13.1.3 KONINKLIJKE PHILIPS N.V. 182 TABLE 104 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW 182 FIGURE 32 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022) 183 13.1.4 CAE INC. 186 TABLE 105 CAE INC.: BUSINESS OVERVIEW 186 FIGURE 33 CAE INC.: COMPANY SNAPSHOT (2022) 187 13.1.5 XRHEALTH 189 TABLE 106 XRHEALTH: BUSINESS OVERVIEW 189 13.1.6 IMMERSIVETOUCH, INC. 191 TABLE 107 IMMERSIVETOUCH, INC.: BUSINESS OVERVIEW 191 13.1.7 WIPRO 193 TABLE 108 WIPRO: BUSINESS OVERVIEW 193 FIGURE 34 WIPRO: COMPANY SNAPSHOT (2022) 194 13.1.8 SIEMENS HEALTHINEERS AG 196 TABLE 109 SIEMENS HEALTHINEERS AG: BUSINESS OVERVIEW 196 FIGURE 35 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT (2022) 197 13.1.9 MEDTRONIC PLC 199 TABLE 110 MEDTRONIC PLC: BUSINESS OVERVIEW 199 FIGURE 36 MEDTRONIC PLC: COMPANY SNAPSHOT (2022) 200 13.1.10 GE HEALTHCARE 202 TABLE 111 GE HEALTHCARE: BUSINESS OVERVIEW 202 FIGURE 37 GE HEALTHCARE: COMPANY SNAPSHOT (2022) 203 13.1.11 INTUITIVE SURGICAL, INC. 205 TABLE 112 INTUITIVE SURGICAL, INC.: BUSINESS OVERVIEW 205 FIGURE 38 INTUITIVE SURGICAL, INC.: COMPANY SNAPSHOT (2022) 206 13.1.12 BRAINLAB AG 208 TABLE 113 BRAINLAB AG: BUSINESS OVERVIEW 208 13.1.13 NOVARAD CORPORATION 211 TABLE 114 NOVARAD CORPORATION: COMPANY OVERVIEW 211 13.1.14 OODLES TECHNOLOGIES 213 TABLE 115 OODLES TECHNOLOGIES: COMPANY OVERVIEW 213 13.1.15 CMR SURGICAL 214 TABLE 116 CMR SURGICAL: COMPANY OVERVIEW 214 13.1.16 MERATIVE 217 TABLE 117 MERATIVE: COMPANY OVERVIEW 217 13.1.17 WORLDVIZ, INC. 219 TABLE 118 WORLDVIZ, INC.: BUSINESS OVERVIEW 219 13.1.18 GOOGLE 220 TABLE 119 GOOGLE: BUSINESS OVERVIEW 220 FIGURE 39 GOOGLE: COMPANY SNAPSHOT (2022) 221 13.1.19 OCULUS (META PLATFORMS) 223 TABLE 120 OCULUS (META PLATFORMS): BUSINESS OVERVIEW 223 13.1.20 MINDMAZE 225 TABLE 121 MINDMAZE: BUSINESS OVERVIEW 225 13.2 OTHER PLAYERS 227 13.2.1 AUGMEDICS 227 13.2.2 ACCUVEIN, INC. 227 13.2.3 EON REALITY 228 13.2.4 BIOFLIGHTVR 228 13.2.5 8CHILI, INC. 229 *Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 14 APPENDIX 230 14.1 DISCUSSION GUIDE 230 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234 14.3 CUSTOMIZATION OPTIONS 236 14.4 RELATED REPORTS 236 14.5 AUTHOR DETAILS 237
SummaryThe global metaverse in healthcare market is projected to reach USD 79.6 billion by 2028 from USD 9.5 billion in 2023, at a CAGR of 52.9% during the forecast period. There is a growing inclination for metaverse technologies for healthcare in North America. Increasing popularity of virtual and augmented reality (VR/AR) technologies, which have been used in various healthcare applications, including surgical training, pain management, and therapy is attributing to growth of the market in this region. In addition, the COVID-19 pandemic has accelerated the adoption of telehealth services, which has created a need for more immersive and engaging virtual experiences for patients and healthcare providers. The metaverse can provide a virtual environment that simulates real-life interactions, allowing patients and healthcare professionals to communicate and collaborate in a more natural and intuitive way. Table of Contents1 INTRODUCTION 261.1 STUDY OBJECTIVES 26 1.2 MARKET DEFINITION 26 1.2.1 INCLUSIONS AND EXCLUSIONS 27 1.3 MARKETS COVERED 27 1.3.1 METAVERSE IN HEALTHCARE MARKET SEGMENTATION, BY REGION 28 1.3.2 YEARS CONSIDERED 28 1.4 CURRENCY CONSIDERED 28 1.5 STAKEHOLDERS 29 1.6 LIMITATIONS 29 1.7 RECESSION IMPACT 29 2 RESEARCH METHODOLOGY 30 2.1 RESEARCH APPROACH 30 2.2 RESEARCH METHODOLOGY DESIGN 30 FIGURE 1 METAVERSE IN HEALTHCARE MARKET: RESEARCH DESIGN 30 2.2.1 SECONDARY RESEARCH 31 2.2.1.1 Key data from secondary sources 32 2.2.2 PRIMARY DATA 32 FIGURE 2 PRIMARY SOURCES 32 2.2.2.1 Key data from primary sources 33 2.2.2.2 Insights from primary experts 34 FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION 34 2.3 MARKET SIZE ESTIMATION: METAVERSE IN HEALTHCARE MARKET 35 FIGURE 4 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 35 FIGURE 5 METAVERSE IN HEALTHCARE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 36 2.3.1 DEMAND-SIDE APPROACH 37 FIGURE 6 MARKET PROJECTIONS FROM DEMAND-SIDE 37 FIGURE 7 CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 38 FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 39 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 40 2.5 MARKET RANKING ESTIMATION 41 2.6 ASSUMPTIONS 41 2.7 LIMITATIONS 42 2.7.1 METHODOLOGY-RELATED LIMITATIONS 42 2.7.2 SCOPE-RELATED LIMITATIONS 42 2.8 RISK ASSESSMENT 42 TABLE 1 RISK ASSESSMENT: METAVERSE IN HEALTHCARE MARKET 42 2.9 IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 42 3 EXECUTIVE SUMMARY 44 FIGURE 2 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION) 44 FIGURE 3 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD MILLION) 45 FIGURE 4 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 46 FIGURE 5 METAVERSE IN HEALTHCARE MARKET, BY END USER, 2023 VS. 2028 (USD MILLION) 46 FIGURE 6 GEOGRAPHICAL SNAPSHOT OF METAVERSE IN HEALTHCARE MARKET 47 4 PREMIUM INSIGHTS 49 4.1 METAVERSE IN HEALTHCARE MARKET OVERVIEW 49 FIGURE 7 INCREASING ADOPTION OF MIXED REALITY SOLUTIONS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET GROWTH 49 4.2 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT AND COUNTRY 50 FIGURE 8 SOFTWARE SEGMENT TO COMMAND LARGEST SHARE OF ASIA PACIFIC MARKET IN 2023 50 4.3 GEOGRAPHICAL SNAPSHOT OF METAVERSE IN HEALTHCARE MARKET 51 FIGURE 9 MARKET IN CHINA TO GROW AT HIGHEST CAGR 51 4.4 REGIONAL MIX: METAVERSE IN HEALTHCARE MARKET 52 FIGURE 10 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 52 4.5 METAVERSE IN HEALTHCARE MARKET: DEVELOPED VS. DEVELOPING MARKETS 52 FIGURE 11 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH RATES 52 5 MARKET OVERVIEW 53 5.1 INTRODUCTION 53 5.2 MARKET DYNAMICS 53 TABLE 2 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMPACT ANALYSIS 53 5.2.1 DRIVERS 54 5.2.1.1 Increasing adoption of mixed reality for performing minimally invasive surgeries 54 5.2.1.2 Applications of metaverse in telemedicine 54 5.2.1.3 Increasing use of digital twins 55 5.2.1.4 Increasing importance of blockchain technology in healthcare 56 5.2.2 RESTRAINTS 57 5.2.2.1 Data privacy and security concerns 57 FIGURE 12 US: NUMBER OF DATA BREACHES (2005–2022) 58 5.2.2.2 High implementation cost 58 5.2.2.3 Health and mental issues from excessive use 58 5.2.3 OPPORTUNITIES 59 5.2.3.1 Increasing use of metaverse in medical education and training 59 5.2.3.2 Use of metaverse in surgical applications 60 5.2.4 CHALLENGES 60 5.2.4.1 HIPAA regulations for healthcare metaverse 60 5.2.4.2 Interoperability issues 61 5.2.4.3 Local government restrictions coupled with environmental impact 61 6 INDUSTRY INSIGHTS 62 6.1 INDUSTRY TRENDS 62 6.1.1 TRANSFORMATION IN CLINICAL TRIALS 62 6.1.2 EMERGENCE OF IMMERSIVE THERAPEUTICS 62 6.1.3 FUTURE TRENDS IN METAVERSE IN HEALTHCARE 62 6.2 RISE IN HEALTHCARE METAVERSE INVESTMENTS 63 6.3 TECHNOLOGY ANALYSIS 64 6.3.1 TECHNOLOGY STACK 64 FIGURE 13 METAVERSE MARKET: TECHNOLOGIES 64 6.3.2 INFRASTRUCTURE LEVEL 64 6.3.2.1 5G network 64 6.3.2.2 Internet of Things 65 6.3.2.3 Cloud and edge computing 65 6.3.3 DESIGN AND DEVELOPMENT LEVEL 65 6.3.3.1 Blockchain 65 6.3.3.2 3D modeling and real-time rendering 65 6.3.3.3 Artificial intelligence, natural language processing, and computer vision 66 6.3.4 HUMAN INTERACTION LEVEL 66 6.3.4.1 Virtual reality 66 6.3.4.2 Augmented reality 66 6.3.4.2.1 Monitor-based AR technology 67 6.3.4.2.2 Near-eye-based AR technology 67 6.3.4.2.3 Web AR 68 6.3.4.3 Mixed reality 68 6.4 PORTER’S FIVE FORCES ANALYSIS 68 FIGURE 14 METAVERSE IN HEALTHCARE MARKET: PORTER’S FIVE FORCES ANALYSIS 69 TABLE 3 METAVERSE IN HEALTHCARE MARKET: PORTER’S FIVE FORCES ANALYSIS 69 6.4.1 INTENSITY OF COMPETITIVE RIVALRY 70 6.4.2 BARGAINING POWER OF SUPPLIERS 70 6.4.3 BARGAINING POWER OF BUYERS 70 6.4.4 THREAT OF NEW ENTRANTS 71 6.4.5 THREAT OF SUBSTITUTES 71 6.5 REGULATORY LANDSCAPE 72 6.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72 TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72 TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73 TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74 TABLE 7 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75 6.5.2 REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS 77 6.6 VALUE-CHAIN ANALYSIS 77 FIGURE 15 VALUE-CHAIN ANALYSIS (2022) 78 6.7 ECOSYSTEM 78 FIGURE 16 METAVERSE IN HEALTHCARE MARKET: ECOSYSTEM 79 6.8 PATENT ANALYSIS 79 FIGURE 17 NUMBER OF PATENTS PUBLISHED, JANUARY 2013 TO MARCH 2023 79 FIGURE 18 TOP METAVERSE IN HEALTHCARE PATENT OWNERS 80 TABLE 8 KEY PATENTS IN THE METAVERSE IN HEALTHCARE MARKET 80 6.9 CASE STUDY ANALYSIS 81 6.9.1 CASE STUDY 1: RIGOROUS TRAINING OF PROFESSIONAL ATHLETES WITHOUT PHYSICAL STRAIN 81 6.9.2 CASE STUDY 2: AUGMENTED REALITY FOR SURGERY 82 6.9.3 CASE STUDY 3: VIRTUAL HOSPITALS AND CLINICS 82 6.9.4 CASE STUDY 4: ENTERING DRUG DISCOVERY AND RESEARCH 82 6.9.5 CASE STUDY 5: ENTERING MEDICAL TRAINING AND EDUCATION 83 6.10 KEY STAKEHOLDERS AND BUYING CRITERIA 83 6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 83 FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 83 TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 84 6.10.2 BUYING CRITERIA 84 FIGURE 20 KEY BUYING CRITERIA FOR METAVERSE COMPONENTS 84 TABLE 10 KEY BUYING CRITERIA FOR METAVERSE COMPONENTS 84 6.11 KEY CONFERENCES AND EVENTS IN 2023–2024 85 TABLE 11 METAVERSE IN HEALTHCARE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 85 6.12 TRENDS/DISRUPTIONS IMPACTING BUYERS 86 FIGURE 21 METAVERSE MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS 86 7 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT 87 7.1 INTRODUCTION 88 TABLE 12 METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 88 TABLE 13 METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 88 7.2 SOFTWARE 89 7.2.1 INCREASING INVESTMENTS IN AR/VR TECHNOLOGY IN HEALTHCARE TO DRIVE GROWTH 89 TABLE 14 METAVERSE IN HEALTHCARE SOFTWARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 90 7.3 HARDWARE 90 7.3.1 AR DEVICES 90 7.3.2 VR DEVICES 91 7.3.3 MR DEVICES 91 7.3.4 DISPLAYS 91 TABLE 15 METAVERSE IN HEALTHCARE HARDWARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 92 7.4 SERVICES 92 7.4.1 SERVICES HELP IMPROVE PATIENT CARE, ENHANCE MEDICAL TRAINING AND EDUCATION, AND ENABLE REMOTE HEALTHCARE 92 TABLE 16 METAVERSE IN HEALTHCARE SERVICES MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 93 8 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY 94 8.1 INTRODUCTION 95 TABLE 17 METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 95 8.2 AUGMENTED AND VIRTUAL REALITY 95 8.2.1 INCREASING DEMAND FOR AR/VR APPLICATIONS IN HEALTHCARE TO DRIVE GROWTH 95 TABLE 18 METAVERSE IN HEALTHCARE MARKET FOR AUGMENTED AND VIRTUAL REALITY, BY COUNTRY, 2021–2028 (USD MILLION) 96 8.3 MIXED REALITY 96 8.3.1 INCREASING AWARENESS OF DIGITAL/VIRTUAL MEDICINE TO DRIVE GROWTH 96 TABLE 19 METAVERSE IN HEALTHCARE MARKET FOR MIXED REALITY, BY COUNTRY, 2021–2028 (USD MILLION) 97 8.4 ARTIFICIAL INTELLIGENCE 97 8.4.1 WIDE AVAILABILITY OF COMPLEX DATASETS TO DRIVE GROWTH 97 TABLE 20 METAVERSE IN HEALTHCARE MARKET FOR ARTIFICIAL INTELLIGENCE, BY COUNTRY, 2021–2028 (USD MILLION) 98 8.5 BLOCKCHAIN 98 8.5.1 INCREASING NEED TO REDUCE COST OF SECURE DATA EXCHANGE TO DRIVE GROWTH 98 TABLE 21 METAVERSE IN HEALTHCARE MARKET FOR BLOCKCHAIN, BY COUNTRY, 2021–2028 (USD MILLION) 99 8.6 DIGITAL TWIN 99 8.6.1 INCREASING ADOPTION OF DIGITALIZATION IN HEALTHCARE TO PROPEL MARKET GROWTH 99 TABLE 22 DESCRIPTION OF DIGITAL TWIN IN HEALTHCARE CONTEXT 100 TABLE 23 METAVERSE IN HEALTHCARE MARKET FOR DIGITAL TWIN, BY COUNTRY, 2021–2028 (USD MILLION) 100 8.7 INTERNET OF THINGS 100 8.7.1 ADVANCEMENTS IN HEALTHCARE AND WIDE ACCEPTANCE OF REMOTE CARE TO DRIVE GROWTH 100 TABLE 24 METAVERSE IN HEALTHCARE MARKET FOR INTERNET OF THINGS, BY COUNTRY, 2021–2028 (USD MILLION) 101 8.8 MEDICAL WEARABLES 102 8.8.1 INCREASING FOCUS ON FITNESS AND HEALTH TO SUPPORT GROWTH 102 TABLE 25 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL WEARABLES, BY COUNTRY, 2021–2028 (USD MILLION) 102 9 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION 103 9.1 INTRODUCTION 104 TABLE 26 METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 104 9.2 DIGITAL THERAPEUTICS 104 9.2.1 RISING INCIDENCE OF PREVENTABLE CHRONIC DISEASES TO DRIVE GROWTH 104 TABLE 27 METAVERSE IN HEALTHCARE MARKET FOR DIGITAL THERAPEUTICS, BY COUNTRY, 2021–2028 (USD MILLION) 105 9.3 MEDICAL DIAGNOSTICS 105 9.3.1 METAVERSE ENVIRONMENT CAN OFFER ENHANCED MEDICAL DIAGNOSTICS 105 TABLE 28 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL DIAGNOSTICS, BY COUNTRY, 2021–2028 (USD MILLION) 106 9.4 MEDICAL EDUCATION AND SURGICAL TRAINING 106 9.4.1 METAVERSE ADDING NEW DIMENSIONS TO MEDICAL EDUCATION AND SURGICAL TRAINING 106 TABLE 29 METAVERSE IN HEALTHCARE MARKET FOR MEDICAL EDUCATION AND SURGICAL TRAINING, BY COUNTRY, 2021–2028 (USD MILLION) 107 9.5 TELEHEALTH AND TELEMEDICINE 107 9.5.1 GROWING GERIATRIC POPULATION TO DRIVE MARKET GROWTH 107 TABLE 30 METAVERSE IN HEALTHCARE MARKET FOR TELEHEALTH AND TELEMEDICINE, BY COUNTRY, 2021–2028 (USD MILLION) 108 9.6 DRUG DISCOVERY AND PERSONALIZED MEDICINE 109 9.6.1 METAVERSE TO HELP REDUCE TIME AND COST INVOLVED IN DRUG DISCOVERY 109 TABLE 31 METAVERSE IN HEALTHCARE MARKET FOR DRUG DISCOVERY AND PERSONALIZED MEDICINE, BY COUNTRY, 2021–2028 (USD MILLION) 110 9.7 OTHER APPLICATIONS 110 TABLE 32 METAVERSE IN HEALTHCARE MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2028 (USD MILLION) 111 10 METAVERSE IN HEALTHCARE MARKET, BY END USER 112 10.1 INTRODUCTION 113 TABLE 33 METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 113 10.2 HEALTHCARE PROVIDERS 113 10.2.1 INCREASING NEED TO IMPROVE PROFITABILITY OF HEALTHCARE OPERATIONS TO BOOST GROWTH 113 TABLE 34 METAVERSE IN HEALTHCARE MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 2021–2028 (USD MILLION) 114 10.3 HEALTHCARE PAYERS 114 10.3.1 INCREASING FOCUS ON OUTCOME-BASED PAYMENT MODELS TO DRIVE DEMAND 114 TABLE 35 METAVERSE IN HEALTHCARE MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 2021–2028 (USD MILLION) 115 10.4 PHARMACEUTICAL, BIOPHARMACEUTICAL, AND MEDTECH COMPANIES 115 10.4.1 ENHANCED CLINICAL TRIALS AND BETTER COLLABORATION AND COMMUNICATION TO DRIVE GROWTH 115 TABLE 36 METAVERSE IN HEALTHCARE MARKET FOR PHARMACEUTICAL, BIOPHARMACEUTICAL, AND MEDTECH COMPANIES, BY COUNTRY, 2021–2028 (USD MILLION) 116 10.5 PATIENTS 117 10.5.1 INCREASED ACCESS TO CARE AND IMPROVED PATIENT OUTCOMES TO SUPPORT MARKET GROWTH 117 TABLE 37 METAVERSE IN HEALTHCARE MARKET FOR PATIENTS, BY COUNTRY, 2021–2028 (USD MILLION) 117 10.6 OTHER END USERS 118 TABLE 38 METAVERSE IN HEALTHCARE MARKET FOR OTHER END USERS, BY COUNTRY, 2021–2028 (USD MILLION) 119 11 METAVERSE IN HEALTHCARE MARKET, BY REGION 120 11.1 INTRODUCTION 121 TABLE 39 METAVERSE IN HEALTHCARE MARKET, BY REGION, 2021–2028 (USD MILLION) 121 11.2 NORTH AMERICA 121 11.2.1 NORTH AMERICA: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 121 FIGURE 22 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET SNAPSHOT 122 TABLE 40 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 123 TABLE 41 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 123 TABLE 42 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 124 TABLE 43 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 124 TABLE 44 NORTH AMERICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 125 11.2.2 US 125 11.2.2.1 Increasing adoption of healthcare technologies to drive growth 125 TABLE 45 US: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 125 TABLE 46 US: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 126 TABLE 47 US: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 126 TABLE 48 US: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 127 11.2.3 CANADA 127 11.2.3.1 Increasing focus on patient-centric care to support growth 127 TABLE 49 CANADA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 128 TABLE 50 CANADA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 128 TABLE 51 CANADA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 129 TABLE 52 CANADA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 129 11.3 EUROPE 130 11.3.1 EUROPE: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 130 TABLE 53 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 130 TABLE 54 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 131 TABLE 55 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 131 TABLE 56 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 132 TABLE 57 EUROPE: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 132 11.3.2 UK 133 11.3.2.1 Recent technological advancements and focus on better patient outcomes to drive growth 133 TABLE 58 UK: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 133 TABLE 59 UK: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 134 TABLE 60 UK: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 134 TABLE 61 UK: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 135 11.3.3 GERMANY 135 11.3.3.1 Increasing number of AR/VR start-ups to boost growth 135 TABLE 62 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 136 TABLE 63 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 136 TABLE 64 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 137 TABLE 65 GERMANY: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 137 11.3.4 REST OF EUROPE 137 TABLE 66 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 138 TABLE 67 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 138 TABLE 68 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 139 TABLE 69 REST OF EUROPE: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 139 11.4 ASIA PACIFIC 140 11.4.1 ASIA PACIFIC: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 140 FIGURE 23 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET SNAPSHOT 141 TABLE 70 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 142 TABLE 71 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 142 TABLE 72 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 143 TABLE 73 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 143 TABLE 74 ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 144 11.4.2 CHINA 144 11.4.2.1 Presence of large consumer base and increasing demand for quality healthcare to boost growth 144 TABLE 75 CHINA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 145 TABLE 76 CHINA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 145 TABLE 77 CHINA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 146 TABLE 78 CHINA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 146 11.4.3 JAPAN 146 11.4.3.1 Adoption of wireless technology and government support to drive growth 146 TABLE 79 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 147 TABLE 80 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 147 TABLE 81 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 148 TABLE 82 JAPAN: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 148 11.4.4 REST OF ASIA PACIFIC 149 TABLE 83 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 149 TABLE 84 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 150 TABLE 85 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 150 TABLE 86 REST OF ASIA PACIFIC: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 151 11.5 LATIN AMERICA 151 11.5.1 LATIN AMERICA: IMPACT OF RECESSION ON METAVERSE IN HEALTHCARE MARKET 151 TABLE 87 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 152 TABLE 88 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 152 TABLE 89 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 153 TABLE 90 LATIN AMERICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 153 11.6 MIDDLE EAST AND AFRICA 154 11.6.1 INVESTMENTS IN DIGITAL TECHNOLOGIES TO SUPPORT GROWTH 154 11.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT ON METAVERSE IN HEALTHCARE MARKET 154 TABLE 91 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 155 TABLE 92 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION) 155 TABLE 93 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 156 TABLE 94 MIDDLE EAST & AFRICA: METAVERSE IN HEALTHCARE MARKET, BY END USER, 2021–2028 (USD MILLION) 156 12 COMPETITIVE LANDSCAPE 157 12.1 OVERVIEW 157 12.2 KEY STRATEGIES/RIGHT TO WIN 157 TABLE 95 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN METAVERSE IN HEALTHCARE MARKET 157 FIGURE 24 KEY DEVELOPMENTS OF MAJOR PLAYERS BETWEEN JANUARY 2020 AND MARCH 2023 160 12.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS 161 FIGURE 25 METAVERSE IN HEALTHCARE MARKET: REVENUE SHARE ANALYSIS OF KEY PLAYERS 161 12.4 METAVERSE IN HEALTHCARE MARKET: R&D EXPENDITURE 161 FIGURE 26 R&D EXPENDITURE OF KEY PLAYERS (2021 VS. 2022) 161 12.5 MARKET RANKING ANALYSIS 162 FIGURE 27 METAVERSE IN HEALTHCARE MARKET RANKING ANALYSIS OF KEY PLAYERS (2022) 162 12.6 COMPETITIVE BENCHMARKING 164 TABLE 96 FOOTPRINT OF COMPANIES IN METAVERSE IN HEALTHCARE MARKET 164 TABLE 97 PRODUCT/SERVICE FOOTPRINT OF COMPANIES (25 COMPANIES) 165 TABLE 98 TECHNOLOGY FOOTPRINT OF COMPANIES (25 COMPANIES) 166 TABLE 99 REGIONAL FOOTPRINT OF COMPANIES (25 COMPANIES) 167 12.7 COMPANY EVALUATION MATRIX 168 12.7.1 STARS 168 12.7.2 EMERGING LEADERS 168 12.7.3 PERVASIVE PLAYERS 168 12.7.4 PARTICIPANTS 168 FIGURE 28 METAVERSE IN HEALTHCARE MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS (2022) 169 12.8 COMPANY EVALUATION MATRIX FOR START-UPS/SMES 169 12.8.1 PROGRESSIVE COMPANIES 169 12.8.2 DYNAMIC COMPANIES 170 12.8.3 RESPONSIVE COMPANIES 170 12.8.4 STARTING BLOCKS 170 FIGURE 29 METAVERSE IN HEALTHCARE MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES (2022) 170 12.9 COMPETITIVE SCENARIO 171 12.9.1 PRODUCT/SERVICE LAUNCHES & APPROVALS 171 TABLE 100 PRODUCT/SERVICE LAUNCHES & APPROVALS, JANUARY 2020–MARCH 2023 171 12.9.2 DEALS 172 TABLE 101 DEALS, JANUARY 2020–MARCH 2023 172 13 COMPANY PROFILES 173 13.1 KEY PLAYERS 173 (Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 13.1.1 MICROSOFT 173 TABLE 102 MICROSOFT: BUSINESS OVERVIEW 173 FIGURE 30 MICROSOFT: COMPANY SNAPSHOT (2022) 174 13.1.2 NVIDIA CORPORATION 177 TABLE 103 NVIDIA CORPORATION: BUSINESS OVERVIEW 177 FIGURE 31 NVIDIA CORPORATION: COMPANY SNAPSHOT (2022) 178 13.1.3 KONINKLIJKE PHILIPS N.V. 182 TABLE 104 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW 182 FIGURE 32 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022) 183 13.1.4 CAE INC. 186 TABLE 105 CAE INC.: BUSINESS OVERVIEW 186 FIGURE 33 CAE INC.: COMPANY SNAPSHOT (2022) 187 13.1.5 XRHEALTH 189 TABLE 106 XRHEALTH: BUSINESS OVERVIEW 189 13.1.6 IMMERSIVETOUCH, INC. 191 TABLE 107 IMMERSIVETOUCH, INC.: BUSINESS OVERVIEW 191 13.1.7 WIPRO 193 TABLE 108 WIPRO: BUSINESS OVERVIEW 193 FIGURE 34 WIPRO: COMPANY SNAPSHOT (2022) 194 13.1.8 SIEMENS HEALTHINEERS AG 196 TABLE 109 SIEMENS HEALTHINEERS AG: BUSINESS OVERVIEW 196 FIGURE 35 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT (2022) 197 13.1.9 MEDTRONIC PLC 199 TABLE 110 MEDTRONIC PLC: BUSINESS OVERVIEW 199 FIGURE 36 MEDTRONIC PLC: COMPANY SNAPSHOT (2022) 200 13.1.10 GE HEALTHCARE 202 TABLE 111 GE HEALTHCARE: BUSINESS OVERVIEW 202 FIGURE 37 GE HEALTHCARE: COMPANY SNAPSHOT (2022) 203 13.1.11 INTUITIVE SURGICAL, INC. 205 TABLE 112 INTUITIVE SURGICAL, INC.: BUSINESS OVERVIEW 205 FIGURE 38 INTUITIVE SURGICAL, INC.: COMPANY SNAPSHOT (2022) 206 13.1.12 BRAINLAB AG 208 TABLE 113 BRAINLAB AG: BUSINESS OVERVIEW 208 13.1.13 NOVARAD CORPORATION 211 TABLE 114 NOVARAD CORPORATION: COMPANY OVERVIEW 211 13.1.14 OODLES TECHNOLOGIES 213 TABLE 115 OODLES TECHNOLOGIES: COMPANY OVERVIEW 213 13.1.15 CMR SURGICAL 214 TABLE 116 CMR SURGICAL: COMPANY OVERVIEW 214 13.1.16 MERATIVE 217 TABLE 117 MERATIVE: COMPANY OVERVIEW 217 13.1.17 WORLDVIZ, INC. 219 TABLE 118 WORLDVIZ, INC.: BUSINESS OVERVIEW 219 13.1.18 GOOGLE 220 TABLE 119 GOOGLE: BUSINESS OVERVIEW 220 FIGURE 39 GOOGLE: COMPANY SNAPSHOT (2022) 221 13.1.19 OCULUS (META PLATFORMS) 223 TABLE 120 OCULUS (META PLATFORMS): BUSINESS OVERVIEW 223 13.1.20 MINDMAZE 225 TABLE 121 MINDMAZE: BUSINESS OVERVIEW 225 13.2 OTHER PLAYERS 227 13.2.1 AUGMEDICS 227 13.2.2 ACCUVEIN, INC. 227 13.2.3 EON REALITY 228 13.2.4 BIOFLIGHTVR 228 13.2.5 8CHILI, INC. 229 *Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 14 APPENDIX 230 14.1 DISCUSSION GUIDE 230 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234 14.3 CUSTOMIZATION OPTIONS 236 14.4 RELATED REPORTS 236 14.5 AUTHOR DETAILS 237
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