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The Evolving Role of Extended Reality in Healthcare: The Metaverse and Digital Health 4.0
Trends, Challenges, and Transformation in the Healthcare Extended Reality Industry
05-Sep-2024
Global
Market Research
Extended reality (XR) is an umbrella term that encompasses a broad spectrum of immersive technologies, including mixed reality (MR), augmented reality (AR), and virtual reality (VR) technologies. Regarding healthcare IT, the early-medium stage healthcare XR market is still finding use cases through which it can expand geographically and to other applications, making this a promising market.
Healthcare XR can be segmented by application—treatment and care, surgery and imaging, and education and training. Some of these can overlap, making solutions more complex and increasing their usability. In life sciences, XR applications are still nascent, and they focus on pharmaceutical and biotechnology applications.
This Frost & Sullivan analysis explores the trends, challenges, drivers, restraints, performance, and challenges of XR technology adoption in healthcare IT, focusing on the current state of the market and its potential development. Providers and patients are getting to know the devices and software—knowledge and adoption rates are still low. Deployment will be a long path due to regulatory compliance issues, technology development, licensing, and medical trials. Some challenges for implementing XR technologies in healthcare include budgetary constraints, resistance to change, scalable solutions, interoperability, and smooth connection with other technologies in the field, such as generative AI, large language models (LLM), Internet of Medical Things (IoMT), and Cloud.
Key Issues Addressed
- What are the applications and use cases of XR in healthcare and life sciences?
- Which companies are leading the healthcare XR market?
- How to understand metaverse and digital health 4.0?
- What are the key trends, challenges, and growth opportunities for XR in healthcare?
- How is XR impacting, changing, and shaping the healthcare IT industry?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Extended Reality (XR) in the Healthcare Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Market Definition and Scope of Analysis
XR Applications in Healthcare and Life Sciences
Key Competitors
Growth Metrics
Growth Drivers
Growth Restraints
Market Revenue Share
XR Applications: Treatment and Care
XR Applications: Education and Training
XR Applications: Surgery and Imaging
XR Applications: Pharmaceutical and Biotechnology
Potential Impact of Applications
Digital Health 4.0, the Metaverse, and XR
Digital Health 4.0: How Is It Revolutionizing the Industry?
Connecting the Dots between XR, AI, Cloud, and IoT Technologies
Connecting the Dots between XR, AI, Cloud, and IoT Technologies (continued)
Connecting the Dots between XR, AI, Cloud, and IoT Technologies (continued)
Connecting the Dots between XR, AI, Cloud, and IoT Technologies (continued)
Customer Insights: Frost & Sullivan Metaverse Survey 2023
Why Healthcare Providers Should Care Now: Frost & Sullivan Metaverse Survey 2023
Benefits of XR in Healthcare for End Users
Growth Opportunity 1: Boosting Generative AI, IoMT, and Cloud
Growth Opportunity 1: Boosting Generative AI, IoMT, and Cloud (continued)
Growth Opportunity 2: Aging-population Health-Tech
Growth Opportunity 2: Aging-population Health-Tech (continued)
Growth Opportunity 3: Patient Engagement
Growth Opportunity 3: Patient Engagement (continued)
List of Exhibits
Legal Disclaimer
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Key Issues Addressed
- What are the applications and use cases of XR in healthcare and life sciences?
- Which companies are leading the healthcare XR market?
- How to understand metaverse and digital health 4.0?
- What are the key trends, challenges, and growth opportunities for XR in healthcare?
- How is XR impacting, changing, and shaping the healthcare IT industry?
| Deliverable Type | Market Research |
|---|---|
| Author | Alejandra Parra |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | KACF-01-00-00-00 |