Metaverse for healthcare market expected to reach almost $500B by 2033
Telemedicine and new surgical methods and training paradigms are driving growth.
The metaverse continues to move toward mainstream adoption in 2024. While it has yet to find a killer app to spur mass adoption, it has found its niche within the healthcare market, where telemedicine, surgical training methods and futuristic surgical methods have prompted a flurry of positive speculation.
Multiple market research firms — including Spherical Insights, Towards Healthcare, and Research and Markets — have published recent reports indicating that the metaverse is slated for near-unfettered growth in the healthcare sector over the next decade.
According to these reports, the global metaverse healthcare market was valued at around $8.97 billion to $10.5 billion in 2023. Experts predict that it will move forward at a compound annual growth rate (CAGR) of somewhere between 26.3% to 49.3%.
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