Metaverse and the future of Healthcare

Metaverse and the future of Healthcare

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FoxERP
Jan 2023

The times have changed, organizations have transformed their ways of doing business, and companies are shifting to an all-new digitized way of doing business.

Call it the pandemic’s repercussions or the opportunities created with the rising advent of the pandemic. Still, nothing is denying that digitization has become the new normal for businesses to carry out their functions uninterruptedly in digitally-driven ways.

Like any other emerging technologies such as AI, ML, IoT, RPA, and Blockchain, Metaverse, too, is transforming the future of businesses in unimaginable ways.

Healthcare is a sector where people are driven, where the patients hold the central part in driving the healthcare business and carrying out healthcare business processes, and that’s where digitizing this very sector becomes imperative.

Telehealth or digital healthcare are terms used interchangeably, which form the prime focus of digital healthcare among patients and healthcare providers and help businesses drive themselves in digital ways.

According to recently conducted research, the estimated market size for the Telehealth market will reach USD 280 Billion by 2030.

Factors such as the rise in digital healthcare initiatives, the need for small healthcare practices, and an increase in chronic diseases are driving the telehealth market, which will only get quadruple in the upcoming days.

Metaverse, too, holds a massive potential in transforming the ways of delivering healthcare services to the masses, forming a transition of business processes.

Metaverse refers to a hypothetical iteration of the internet as a single, universal, and immersive virtual world facilitated by virtual reality and augmented reality headsets providing the world with a network of 3D virtual worlds focused on social connection.

In Metaverse, Virtual Comparative Scanning has played a pivotal role in enabling healthcare players to ease medical diagnosis processes.

Metaverse, in healthcare, is making life-changing interventions that are not only digitizing the ways the healthcare sector is moving ahead but also transforming the way of delivering digital healthcare practices.

For instance, Metaverse utilizes the continued development of advanced computer models of the human body machines using the digital twin computing paradigm, which integrates data from physical and virtual objects for medical imaging.

For example, if a patient has a heart problem and is referred for a CT scan, the medical pathologies are simulated within the patient’s avatar and scanned using each virtual CT scanner type, which is then virtually reconstructed using competing deep reconstruction methods and analyzed using AI diagnostic tools, thereby easing the entire diagnosis process with most accurate results.

Furthermore, various tech companies, start-ups, entrepreneurs, investors, and government bodies have already begun to aggressively foray into the metaverse space,

Another example heads back to September 2022, when the North American Innovation Centre (LG NOVA of LG Electronics) announced the selection of nine major start-ups to build new digital health, Metaverse, and electric mobility businesses, thereby transforming healthcare businesses in digital ways.

Conclusion

Metaverse is transforming the healthcare sector in ways nobody envisaged a couple of decades ago.
That’s what happens when an emerging technology takes the driver’s seat. Metaverse allows leading healthcare players to innovate the healthcare business processes and promotes a digitally-driven healthcare culture that looks even more promising in the days to come.

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