Health Tech

Metaverse and Healthtech: The future of Healthcare

It’s interesting how the metaverse is developing in the technology era. Though it is still in the beginning phase, the popularity makes it a focus of attention for everyone. The emerging innovation is a combination of Artificial Intelligence (AI), Augmented Reality (AR), web technologies 3.0 and Virtual Reality (VR). Consequently, when it comes to the healthcare industry, the collaboration has a lot to offer.

It is likely expected that the metaverse will transform the paradigm of the healthcare system. Not only expediting the medical process, but it also improves the surgical quality, treatment usage and much more. It will certainly come up with the latest medical channels that will upgrade treatment and will deliver low-cost effective patient care.

As per market research, the global healthcare metaverse is likely to surpass USD 5000 million by 2030.

What does metaverse really mean:

Metaverse is actually a fusion of physical and virtual reality that enables humans to interact in a technology based environment. It’s all about the internet and digital avatars. Currently, the technology has emerged as more of a social media and relaxation platform which when promoted to the healthcare industry will have a sincere impact on people’s health and clinical practices.

How metaverse is making a difference to the healthcare industry:

Metaverse promotes healthcare systems that enhance patient safety consequences and interaction. The system makes it precise for patients to understand their health condition. We can term this as the next level of the internet. The technology will certainly emerge when users will enjoy 5G networks in the country; it will be highly impressive and experimental in the healthcare ecosystem.

Checking on the healthcare industry, it is one of the volatile categories due to the existence of chronic diseases and ageing population. Besides, there are some other challenges faced by the healthcare sector such as improper workforce, lack of resources and high treatment cost. With metaverse, the industry will be guided with an informative factor thriving better healthcare education, advanced clinics, wellness centres and collaborative workspace.

Plus, we cannot ignore the pandemic factor that promoted digital healthcare services worldwide. This was the phase when patients were commonly using telehealth and remote healthcare services. The systems are highly fruitful to empower pharmaceutical and biotechnology departments. Whereas VR/AR elements of the metaverse will be used in medical institutions for student training. Metaverse will be crucial to flourish educational modules and communication skills.

The implementation will significantly enhance overall healthcare facilities, and would be supportive for various disease preventions and comfortable patient treatment. Nevertheless, the metaverse in healthcare still has a long way to go that will surely revamp the industry.

Some of the renowned global healthcare companies employing metaverse are:

-United States: Meta Platforms Inc., Novarad Corporation, GE Healthcare, Nvidia Corporation, Microsoft Corporation

-Germany: Brainlab AG, Siemens Healthineers

Modern medical practitioners are utilising VR to treat patients with mental illness and social anxiety. Apparently, doctors are making use of the innovation to handle phobia patients; medical aspirants are already using components of metaverse and making it a reality.

Moving forward, metaverse will be a ubiquitous technology like people enjoy social media platforms nowadays. All it requires is a proper infrastructure that connects patients, doctors and medical researchers with relevant devices and data.

Positively, metaverse will be the mean approach in the future and would expand healthcare services globally in terms of service, training and payment models.

Healthcare Metaverse: Opportunity for startups

There is no surprise to watch different tech companies stepping in the metaverse world. Startups, investors and entrepreneurs are aggressively exploring new opportunities in the healthcare sector.

For instance, LG has already started their metaverse projects in Sep 2022 to broaden their capabilities in innovation. Their “Mission for the Future” programs include Digbi Health, Mindset Medical, NeuroTrainer, LifeNome and iQ3 Connect.

Likewise, XRHealth- VR solutions based metaverse provider has started NeuroReality’s cognitive training for its digital clinics. The initiative will help patients struggling from brain and heart diseases as the technology brings impressive gaming experience.

Related Read: How technology helps against chronic diseases

KR4ALL: Contributing to the digital healthcare sector in India

When understanding the current burden on the traditional healthcare system, technology is the only aspiration that can take up the responsibility and relieve stress from the industry. KR4ALL functions with a vision to encourage digitalisation and help users with benefits that they can avail from anywhere at any time.

We cater to promote India's unified healthcare services helping people with different needs. Our mobile app makes it a one-stop solution to book effortless online doctor consultations, medical check-ups, lab tests, medicine purchase and much more.

We thrive to provide accessible, available and affordable healthcare services to our users, with keeping their data safe and secure. We are transforming the traditional medical booking systems in the country.

KR4ALL- A family healthcare mobile app!

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