With the exponential technology advancements, the Metaverse in healthcare is a reality now. Many prominent hospitals, medical facilities, and healthcare centers have already opened their doors to the Metaverse, while others are making up their mind to leverage it as soon as possible.
While some experts argue that the Metaverse in the healthcare industry is not practical as, for effective medical help, patients need to meet the doctors in person.
In contrast to this, many believe that Metaverse is one of the best technologies that transform the way people get medical care. And this is the reason the number of hospitals using Metaverse solutions is growing each day.
So, if you are also someone who wants to build Metaverse solutions for healthcare, read the blog till the end to understand the development process of Metaverse for healthcare along with its benefits and development costs. So, let’s begin by having a sneak peek into the current market statistics.
Latest Market Statistics for Metaverse in the Healthcare Industry
Source: Precedence Research
- According to Precedence Research, the Global Metaverse in Healthcare market size is expected to reach $98.34 billion by 2032, at a CAGR of 29.4%.
- As per the reports of TCS, in the previous year, more than $120 billion was invested in Metaverse globally, and today the healthcare sector is gaining traction by using Metaverse technology.
- A survey conducted by Accenture found that 81% of healthcare executives globally believe the metaverse will have a beneficial impact on their organizations.
The above statistics show that healthcare organizations are very excited about the Metaverse and looking forward to leveraging it to provide healthcare better. Now let’s move to the next section to know the benefits of Metaverse in the healthcare industry.
Top Benefits of Metaverse in Healthcare Industry
There are numerous advantages of Metaverse in healthcare industry. The top benefits include:
- Improved Virtual Medical Consultations
By developing Metaverse for healthcare, doctors and other medical professionals can set up virtual hospitals, allowing patients to meet and access care virtually using VR headsets.
It can be highly beneficial for patients who live in remote areas or have mobility issues and cannot reach out to hospitals physically.
- Enhanced Telemedicine and Remote Monitoring
By using healthcare Metaverse apps, doctors and other medical experts can improve telemedicine, also known as telehealth and remote monitoring. Virtual spaces can be created in Metaverse to interact with patients in a more engaging and immersive way.
Also, healthcare providers can be able to keep track of their patient’s health in real-time, thanks to the Metaverse.
- Better Health Data Management
The Metaverse in healthcare sector can also help manage the health data of patients in a better way. Blockchain is used to provide a secure and decentralized platform that can be used by doctors and medical professionals to store and share data.
Moreover, patients would have more autonomy over their data, and healthcare providers would have easy access to it when required.
- More Patient Engagement
A Metaverse application can also help in making fitness and wellness more engaging and fun for patients.
Medical professionals can leverage Metaverse apps to provide immersive and gamified experiences to motivate patients to adhere to treatment procedures in a fun and engaging way.
- Makes Healthcare Affordable
It would be prohibitively expensive for a patient in the United States to seek medical treatment at a hospital in Germany. Travel and lodging fees might add to the financial stress.
In this case, Metaverse can be extremely beneficial. It has the potential to break down geographical obstacles, making healthcare affordable to people living in different countries.
Now that you have explored the top benefits of Metaverse in healthcare, let’s move to the development process of Metaverse app/platform for healthcare business.
How to Develop a Metaverse Solution for Healthcare Business
You can develop a Metaverse app for healthcare businesses by following the below steps.
- Determine Project Requirements
Before starting to develop a Metaverse application/ platform for healthcare business, you need to determine all your project needs beforehand.
The Metaverse solutions for hospitals, healthcare centers, medical institutions, and healthcare facilities are very different from one another. And it also depends on the goal for which it is being developed.
Thus, note down all your requirements and goals in advance, such as the Metaverse platform’s primary capabilities, the target audience, health-related concerns the app will solve, and more.
- Design UI/ UX
Once you are done determining all your requirements, the next step is to design the UI/UX of the Metaverse app/platform. As it is a Metaverse solution, you must focus on designing a 3D immersive and realistic virtual environment, that attracts and engages users for a long time.
Also, remember to keep it simple and user-friendly, so that patients do not face any difficulty accessing various healthcare services.
- Development Process
After designing the UI/UX, begin with the development process of the Metaverse platform. It is recommended to initiate by developing an MVP (minimum viable product) before developing the final product.
Based on the feedback your MVP gets, make necessary changes and finalize your Metaverse app for the healthcare sector.
- Integrate Third-Party APIs
You need to integrate various third-party APIs, such as EHR APIs, Wearable Device APIs, telemedicine APIs, and compliance with HIPPA.
Integrating various third-party APIs will enhance the app’s functionality, thus offering a more valuable and comprehensive healthcare experience to patients.
- Testing and Debugging
After your final development with the API integration, test your healthcare Metaverse solution numerous times to find and fix the bugs and other glitches. Use various platforms and devices for testing purposes.
Once you debugged the Metaverse app, move on to the next step of deployment.
- Deployment
After testing and quality assurance, deploy your Metaverse app for healthcare sector on different platforms, such as Play Store and App Store. Market your Metaverse solution through various marketing channels as much as possible, especially to doctors and other healthcare professionals.
- Support and Maintenance
It is crucial to maintain your Metaverse app/platform after its launch to ensure its effectiveness for a long period. Measure your app’s performance using various KPIs and make necessary updates from time to time.
So, this is how you can develop a Metaverse app/ platform for Healthcare business. If required, you can hire top app developers or a reputable Metaverse app development company to build your solution.
Cost Considerations for Developing a Healthcare Metaverse Solution
The cost of developing a healthcare Metaverse solution depends on numerous factors. The major factors that determine the costs are:
- Complexity of the Solution: The development cost for building a Metaverse app or platform primarily depends on the level of complexity of the solution. A simple Metaverse app will cost less, whereas it will cost more when you go for a complex Metaverse platform or app.
- Features and functionalities: It is another factor that determines the cost of developing a Metaverse solution for healthcare businesses. The number and types of features and functionalities you integrate into your solution will determine the cost.
- Tools and Technologies: The tools and technologies you use for developing healthcare Metaverse solutions will also affect the development cost. If you leverage cutting-edge tools and technologies it will cost you more.
- UI/UX Designs: The UI/UX designs also regulate the cost of development. When you opt for highly immersive and realistic UI/UX, the cost of the Metaverse solution development escalates.
- Development Team Size and Location: The team size and location of the development team also decide the cost of Metaverse solution development. If your team has fewer developers, it will cost less, and vice versa. Also, if you hire app developers in India, it will cost you much less than hiring from countries like the USA and the United Kingdom.
Depending on these factors primarily, you can consider that the development cost for a healthcare Metaverse solution ranges from $40000 to $300000, or more. You can get in touch with our team for a free consultation and know the exact cost of your Metaverse solution development.
Summing Up
Metaverse in healthcare industry will be beneficial not only for the patient but also for the doctors and other healthcare experts in providing better care. It will help in making healthcare accessible to patients living in remote areas or who do not have access to proper medical services.
Leading hospitals have already begun developing customized Metaverse healthcare solutions. So what are you waiting for? Act before it gets too late. Reach out to our team of experts and get your Metaverse solution for healthcare business developed.
Frequently Asked Questions
- How big is Metaverse in healthcare industry?
The Metaverse in healthcare industry is $9.67 billion in 2023 and is expected to reach $98.34 billion by 2032.
- How much does it cost to develop a Metaverse solution for healthcare business?
The cost of developing a Metaverse solution for healthcare business may cost from $40000 to $300000, or more, depending on the project requirements.
- What benefits does Metaverse provide in the healthcare sector?
The top benefits that Metaverse provides in the healthcare sector include:
- Improved Virtual Medical Consultations
- Enhanced Telemedicine and Remote Monitoring
- Better Health Data Management
- More Patient Engagement
- Makes Healthcare Affordable