HomeHealthHealthcare metaverse market to top $5.37 bn by 2030
By Economy Middle East
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November 7, 2022 2:45 pm

Healthcare metaverse market to top $5.37 bn by 2030

Arab Health to host second edition of the Future Health Summit in UAE
Healthcare
Metaverse in healthcare

The healthcare metaverse market is predicted to grow at a Compound Annual Growth Rate (CAGR) of 48.3% until 2030, with the industry’s value expected to top $5.37 billion, as per a new report titled Healthcare in the Metaverse from market analysis firm Market Research Future. 

 The healthcare industry has witnessed incredible changes in recent years, with technology and innovation the driving force behind how the industry is elevating patient care, according to Ross Williams, Exhibition Director for Informa Market.  

“These latest advancements are expected to increase further by utilizing the Metaverse and looking at how we interact with technology to utilize artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to improve patient outcomes.” 

Read more: UAE secures AED 2.8 bn deals at Arab Health 2022

Arab Health

 

In this context, Arab Health has underscored its commitment to showcasing the latest advances in healthcare technology and innovation with the launch of the Intelligent Health Pavilion and the return of the Future Health Summit, which will explore healthcare in the Metaverse.

The event will take place at the Dubai World Trade Centre from 30 January – 2 February 2023.

Arab Health will also host the second edition of the Future Health Summit at the Museum of the Future. The conference will look into the future of health and healthcare possibilities in the Metaverse. World-renowned industry leaders, visionaries, metaverse experts, authors, and futurists on the topic will offer their insight

“The Metaverse is expected to disrupt healthcare and open new channels of treatment while lowering costs,” said Williams.

Moreover, this year’s edition of Arab Health will be supported by a host of government entities, including the UAE Ministry of Health and Prevention, the Government of Dubai, the Dubai Health Authority, the Department of Health, and the Dubai Healthcare City Authority. 

In October, Dubai inaugurated its first hospital in the metaverse built by the UAE-based healthcare provider Medcare. This was part of the emirate’s ambition to become a global center for metaverse business and technology.