Metaverse in the Health and Fitness Sector: Reaching New Heights by 2030

Highlights:

A metaverse is a shared digital 3-dimensional space, mainly focused on social connection
The Metaverse wave has reached the healthcare and fitness sector, driven by the emergence of mobile apps
Now, this flourishing technology market value is expected to reach $54.47 Billion by 2030

The metaverse technology in the health and fitness industry is projected to reach a market value of $54.47 billion by 2030, experiencing a significant growth rate of 32.76%. This rapid expansion positions the health and fitness market as the third-largest market for the metaverse within the next seven years.

Metaverse is a virtual reality space concept allows users to interact with a computer-generated environment and other users () . While extensively used in fields like education, and entertainment, it also holds the potential to revolutionize the healthcare industry in the near future.

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‘The global value of Metaverse in the healthcare and fitness markets is expected to reach around $54.47 billion by 2030, with 182 million active users. #Metaverse #VirtualReality #HealthcareTechnology’

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The metaverse can offer virtual consultations, remote monitoring, and immersive training experiences for healthcare professionals. This enables patients to access healthcare services from the comfort of their homes, avoiding geographical barriers.

Virtual reality simulations allow healthcare practitioners to practice complex procedures in a realistic and safe environment. Additionally, it can also facilitate research and data sharing among healthcare professionals, accelerating the development of new treatments.

Metaverse in the Health and Fitness Market: Growing Technology for Future

The increasing adoption of mixed reality for performing minimally invasive surgeries, growing focus on telemedicine, increasing use of digital twins, and the growing importance of blockchain technology in healthcare are the key factors driving the growth of this market.

While challenges such as data privacy, security, and high implementation cost are yet to be addressed, the integration of the metaverse in the healthcare industry holds tremendous potential for enhancing patient care, improving access to healthcare services, and pushing advancements in medical research and education ().

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The metaverse in the healthcare and fitness market is divided into augmented and virtual reality, mixed reality, artificial intelligence, blockchain, digital twin, Internet of Things, and medical wearables. The augmented and virtual reality segment accounted for the largest share of the healthcare market in 2022.

The large share is attributed to the rising need for an efficient healthcare system, growing patient volume, an increasing number of hospitals and ambulatory care centers, growth in telehealth, and the rising adoption of technologies in healthcare.

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Future growth is expected to be influenced by factors such as the growing demand for personalized and convenient workout experiences, the increasing popularity of virtual worlds and metaverse platforms, as well as other factors.

Given these factors, the market grows at a considerable rate of 32.76%. Trends in the health and fitness market in the metaverse include the use of virtual reality and other immersive technologies to create interactive and immersive workout experiences for users ().

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As of right now, there are 56.96 million active users in the Meta Health and Fitness industry, but this number is expected to skyrocket to 182 million users by the year 2030. The number of people using Metaverse Health and Fitness will rise by over 219% over the next seven years.

References:

The Metaverse: A New Challenge for the Healthcare System: A Scoping Review - (https://www.mdpi.com/2411-5142/7/3/63)
Metaverse in Healthcare Integrated with Explainable AI and Blockchain: Enabling Immersiveness, Ensuring Trust, and Providing Patient Data Security - (https://www.mdpi.com/1424-8220/23/2/565)
The Trend of Metaverse and Augmented & Virtual Reality Extending to the Healthcare System - (https://www.cureus.com/articles/106227-the-trend-of-metaverse-and-augmented--virtual-reality-extending-to-the-healthcare-system#!/)

Source-Medindia